Ukraine

There is hope on the international scene that the United States and Iran may finally have a peace deal. That pushed oil prices lower to start this holiday week.

Patrick DeHaan with Gasbuddy.com said oil prices moved higher over the weekend when peace talks in Pakistan were unfruitful.

It appears that oil prices will close 2025 slightly higher, week over week, but much lower than where prices started the year.

Oil prices remain fairly soft as we start December, and that’s thanks to international news.

Patrick DeHaan with Gasbuddy.com said talk of a potential peace deal between Ukraine and Russia, brokered by the United States encouraged oil prices to dip.

Wheat markets were on alert Friday as traders assessed the impact of a major drone strike on Russia’s Black Sea port of Novorossiysk, a critical transit point for grain and crude oil exports,

Once again, oil prices not moving much from the low to mid-$60 per barrel range. It’s a trend we’ve seen for several months.

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.

Fertilizer to grain cost ratios are hitting historic levels, and one Senator is urging the White House to protect farmers and be flexible on fertilizer tariffs.

After staying in the low- to mid-$60 per barrel range for the past several weeks, oil prices jumped up north of $70, thanks to the back-and-forth airstrikes between Israel and Iran.  Patrick DeHaan with Gasbuddy.com said this is the latest in a long list of issues that investors have had to digest this year, including tariffs, trade wars, and Russia/Ukraine.   “...