OPEC

The increasing number of coronavirus cases here in the U.S. and internationally continues to weigh on the minds of investors, despite the fact that gasoline demand remains high, as many Americans continue to drive and work. Patrick DeHaan with GasBuddy said oil prices continue to hold steady, marking five straight weeks in the in the $40 per barrel range, and that’s a rate he does not see changin

Oil prices continue to slowly move higher, thanks to more and more states opening up and a better than expected May jobs report, but that could change in the coming weeks. Patrick DeHaan with GasBuddy said prices moved as high as $40 per barrel in last week’s trade, but have given some of those gains back. ...

Oil prices continue to march higher following the coronavirus crash earlier this year. GasBuddy’s Patrick DeHaan said West Texas Crude was trading around $40 per barrel in early Monday action, but shed some of those gains as the day continued. DeH ...

Oil Prices look poised to move higher in the coming days, thanks to recent comments made by Russia, which said its oil output had dropped almost to its target of 8.5 million barrels per day. While West Texas Crude was not traded Monday, because of the Memorial Day holiday, other oil indicators moved higher following Russia’s comments. In ...

After weeks of downward movement, oil prices have turned a corner and are moving higher; slightly. West Texas Crude was trading Monday afternoon just below the $20 per barrel mark, up considerably from two weeks ago when prices were below zero ...

Thanks to pressure from China, oil prices are trading slightly lower this week.  According to Patrick DeHaan with Gasbuddy.com, West Texas Crude was trading below $50 per barrel, Monday morning.  DeHaan said for the past year plus, China has dictated where oil prices went; first during the trade war with the U.S., now b...

It’s been a relatively turbulent time for oil prices, with the price of West Texas Crude dropping 5% Friday, and then moving up more than 2% in Monday’s action.  Why the volatility?   OPEC and its allies might discuss and even agree to deepen their production cuts to re-balance prices.  Monday, WTI was tra...

The price for West Texas Intermediate, the oil used by refineries in the U.S. to make gasoline, diesel and heating oil, increased over the past couple of days, up to $57 a barrel.  In a tweet Monday, President Trump called on OPEC to increase production.  Bu...

While winter is typically the time of year we see oil and fuel prices move lower, this year, prices are holding steady or in some cases moving higher.   Patrick DeHaan with GasBuddy.com says oil prices continue to hover around recent highs of $55 per barrel.  ...

At the halfway point of January, oil prices continue to march higher.  Patrick DeHaan with GasBuddy.com said oil prices have been on an upward trend since Christmas, mainly because of production cuts from Canada and OPEC, and the anticipation the world economy will soon get better.  He...