For the second week of the new year, oil prices have moved higher. Patrick DeHaan with GasBuddy.com said this most recent trend started last week.
“The Biden administration issuing harsher sanctions on shipping companies and vessels that would operate and take sanctioned crude oil from countries like Iran and Russia and deliver it to countries like China and India," DeHaan noted. "Th
We’re only a week into the New Year, but oil prices have been moving for most of 2025. Oil prices were trading around $74 per barrel Monday, reporting some of the highest prices seen in several months. So, why the sudden jump in crude prices?
“Now there's som...
The Federal Reserve cut interest rates by a half a point last week, which was a little larger than some economists had expected. With that reduction, oil prices moved higher in trade, spending much of the past week in the mid $70 per barrel range. Pa...