Saudi Arabia

Fuel Prices Continue To Climb
Fuel Prices Continue To Climb
Fuel Prices Continue To Climb
Despite oil prices holding or even slipping, fuel prices continue to move higher across the United States, a trend that started in late December.  West Texas crude traded lower in Monday’s action, down by a little more than 1%, coming in at $77 per barrel.  But gasoline ...
Oil Prices, Demand Remain High
Oil Prices, Demand Remain High
Oil Prices, Demand Remain High
The price for oil continues to set records, with West Texas Crude trading over $121 per barrel in early Tuesday action, that’s nearly double the price we saw back in August. With energy prices driving inflation to levels the U.S. econ ...
After Hitting Recent Highs, Oil Prices Move Lower
After Hitting Recent Highs, Oil Prices Move Lower
After Hitting Recent Highs, Oil Prices Move Lower
Monday was a holiday for investors in the United States, but that did not prevent fuel prices from moving. In international action, crude was trading Monday just below $40 per barrel, down roughly 10% from this time last week. The drop came, according to industry analysis, as Saudi Arabia announced deep price cuts for Asia, as post-coronavirus optimism started to turn ...
Despite COVID OPEC Oil Prices Not Expected To Move Much In Coming Weeks
Despite COVID OPEC Oil Prices Not Expected To Move Much In Coming Weeks
Despite COVID OPEC Oil Prices Not Expected To Move Much In Coming Weeks
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
DeHaan: Oil Prices Moving Higher Amid COVID, China Concerns
DeHaan: Oil Prices Moving Higher Amid COVID, China Concerns
DeHaan: Oil Prices Moving Higher Amid COVID, China Concerns
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. ...
Diesel Prices Flat While, Inventory Numbers Shoot Up
Diesel Prices Flat While, Inventory Numbers Shoot Up
Diesel Prices Flat While, Inventory Numbers Shoot Up
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 Rebound Slightly After Historic Week
Oil Prices Rebound Slightly After Historic Week
Oil Prices Rebound Slightly After Historic Week
A week after oil prices dropped into negative territory for the first time, West Texas has rebounded, slightly. As of Monday, WTI was trading at $13 per barrel. Patrick DeHaan said as over the past couple of weeks, the main culprits when it comes to pushing oil prices lower remain; coronavirus, Saudi Arabia and Russia ...
One, Two Punch Pushing Oil Prices Lower
One, Two Punch Pushing Oil Prices Lower
One, Two Punch Pushing Oil Prices Lower
Oil prices, much like the rest of the world economy has been struggling as of recent. Allison Mac with GasBuddy.com said the coronavirus continues to greatly slow the China and now world economy, leading to a glut of oil. On top of that, over the weekend, Saudi Arabia and Russia could not see eye to eye on production, so the two countries started a price war ...

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