Patrick DeHaan

Oil prices continue the trend we’ve seen for several months, where prices don’t deviate much week to week, holding in the low- to mid- $60 range.

“Oil prices now rubbing up against multi-year lows as OPEC continues to churn out supply," said Patrick DeHaan is with Gasbuddy.com.

For the past several weeks, even several months, oil prices have held fairly steady, remaining in the mid-$60 per barrel range. But, thanks to OPEC’s increased production, that trend is no more.

Alls quiet on the oil front, that according to Patrick DeHaan with Gasbuddy.com. He noted geopolitical issues have simmered down substantially, meaning all eyes are on OPEC and their production increases.

Oil prices continue to hold steady, remaining in the mid-$60 per barrel range, where prices have been for a few months.

For the past couple of months, it’s been one step forward, then one step back for oil prices.

Patrick DeHaan with Gasbuddy.com says oil prices are holding fairly steady, thanks to producer/consumer balancing act.

Oil prices have traded lower for much of the past 96 hours, due primarily to growing optimism that an end to Russia’s war in Ukraine may be in sight.

Oil prices moved slightly lower in the past week, thanks primarily to international news.

As we slog through the dog days of summer, oil prices are surprisingly stable, moving very little over the past week plus.