Why aren’t gas prices dropping if oil is getting cheaper?
They’ve set record highs, with the average price reaching $4.33 a gallon last week. During that week, Brent oil jumped to more than $130 a barrel, while West Texas Intermediate topped $123. But...
Oil Prices Slide as Investors Worry Energy Demand Is Slowing
The International Energy Agency forecasts that the global oil market, which totals roughly 100 million barrels a day, will slide by 240,000 barrels a day in the last three months of 2025, compared
Expect Steep Drops in Oil Prices As Crude Falls Below $90: Citi
Crude oil dropped below $90 a barrel for the first time this week since Russia invaded Ukraine - and one top strategist warned bigger price drops are on the horizon. The drop in oil speaks to
Oil Prices Drop as Market Volatility Eases - New York Times
The average price of a gallon of gas was $4.325 on Monday, according to AAA. That is up from a week earlier when gas prices hit $4.009, nearly the highest level since 2008, but unchanged from Sunday.
Gas prices drop below $4 a gallon. This is what to watch
After months of budget-busting gasoline prices, the national average price of regular gas has dipped below $4. Gas prices dropped to $3.99 on Thursday, down sharply since hitting a record high of
- Why did OPEC+ drop oil prices?
- The news immediately sent the oil market downward; prices touched four-year lows Monday before recovering. In a press release, OPEC+ emphasized that its decision is based on "current healthy market fundamentals" — essentially, pointing out that while fears about the future have led to falling oil prices, demand today remains unwavering.
- Will oil prices drop below $3 this summer?
- Oil prices have crashed to 4-year lows. That means cheaper gas for Americans hitting the roads this summer. Gas prices in the US are averaging about $3.12 per gallon, and could drop below $3 this summer as oil trades at the lowest level since 2021. Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes.
- Why are crude oil prices choppy?
- As of… Crude oil prices recorded a choppy trading week, underpinned by geopolitical risks and significant supply disruptions. The market closely followed developments in the Russia-Ukraine conflict, where a Ukrainian drone attack… Oil is set to close out the week with a gain, marking the first upside for crude since mid-January.
- Will OPEC plus increase oil production in June?
- The countries that make up OPEC Plus said on Saturday that they would further ramp up production in June. The oil cartel had agreed to production cuts as a way to bolster prices, but analysts said Saudi Arabia has grown weary of pumping less oil while other countries, like Kazakhstan and Iraq, surpass their production quotas.
- How did oil prices react to trump's'maximum pressure' push against Iran?
- Oil prices took a sharp turn today as traders weighed President Trump’s latest “maximum pressure” push against Iran. Brent crude rose to $76.34 per barrel (+0.50%), while WTI’s loss from…
- Will rising oil prices keep oil prices in check this year?
- Rising supply and potentially weaker-than-expected demand are set to keep oil prices in check this year, with the price likely to average in the low $70s, analysts and investment banks… Exxon is planning to boost its oil production regardless of where international oil prices are heading.
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