Patrick DeHaan

Oil Prices Increase As Diesel Prices Continue To Slide
Oil Prices Increase As Diesel Prices Continue To Slide
Oil Prices Increase As Diesel Prices Continue To Slide
With many investors confident that the worst of the banking situation is behind us, oil prices are moving higher.  West Texas Crude prices increased roughly $4 in the past week, trading in the low-to-mid $70 per barrel range, which means gasoline prices are likely not far behind before moving up.  Despite...
Oil Prices Continue To Drop As Banking Concerns Spread
Oil Prices Continue To Drop As Banking Concerns Spread
Oil Prices Continue To Drop As Banking Concerns Spread
It’s been a downward week for oil prices, with prices dropping roughly $10 per barrel in the past seven days.  West Texas Crude was trading in the mid-$60 range in Monday’s action.  Patrick DeHaan with GasBuddy said last week, oil investors were concerned about the health of the U.S. economy.  He noted that conc...
DeHaan: Oil Community Watching The U.S. Economy
DeHaan: Oil Community Watching The U.S. Economy
DeHaan: Oil Community Watching The U.S. Economy
Oil prices continue to soften, not on news from China, not because of the on-going war in Ukraine, but concerns over the U.S. economy.  Patrick DeHaan with GasBuddy said investors are concerned about everything from Wall Street to Main Street.   “...
Will We See Fuel Price Records Set In 2023?
Will We See Fuel Price Records Set In 2023?
Will We See Fuel Price Records Set In 2023?
Oil prices giving up some of the gains that were made last week, trading slightly lower, just below $80 per barrel in Monday’s action.  Patrick DeHaan with GasBuddy said the Chinese economy is tamping down on those prices, after last week’s mini rally.  DeHaan noted that c...
Oil Prices Are Moving Lower, But The Reason May Surprise You
Oil Prices Are Moving Lower, But The Reason May Surprise You
Oil Prices Are Moving Lower, But The Reason May Surprise You
The turbulent see-saw that is oil prices continues to move back and forth.  Over the past week, West Texas Crude prices have moved lower, by slight amounts.  Pattrick DeHaan with GasBuddy said the reason those prices have moved lower may have many people scratching their head.   “Good and ...
DeHaan: Oil Prices Expected To Climb On News Of Russian Cuts
DeHaan: Oil Prices Expected To Climb On News Of Russian Cuts
DeHaan: Oil Prices Expected To Climb On News Of Russian Cuts
Oil prices climbed slightly over the past two weeks following the news that Russia is going to trim oil production in the months ahead.  Patrick DeHaan with GasBuddy said while Russian oil is facing sanctions because of the invasion of Ukraine, that does not mean this production cut won’t impact international prices.   “Much ...
Oil Prices Continue To Move Higher
Oil Prices Continue To Move Higher
Oil Prices Continue To Move Higher
Oil prices continue the march higher we’ve seen through the first three weeks of 2023.  West Texas Crude was up slightly in Monday’s trade, around $81 per barrel.  Patrick DeHaan with Gasbuddy said there are several issues pushing oil prices higher, and tops on that list, China.   “Reopening its economy, the...
DeHaan Expects Fuel Prices To Climb
DeHaan Expects Fuel Prices To Climb
DeHaan Expects Fuel Prices To Climb
Oil prices started the new year moving up slightly.  West Texas rose roughly 3% in Monday’s trade to $76 per barrel.  Patrick DeHaan with GasBuddy said it's been a bumpy start to the year.   “Oil prices still a bit lower than what they were a week ago, but oil prices in full rally mode today with China giving us strong indication of a full reopening happening.”   DeHaan said investors don’... Read
News From China Pushes Oil Prices Higher
News From China Pushes Oil Prices Higher
News From China Pushes Oil Prices Higher
Oil prices have inched a little higher in the past week, rebounding from the lowest prices we’ve seen in roughly a year.  A barrel of West Texas was up roughly $2 in Monday’s trade, hovering around $75.  And while that is higher week-over-week, Patrick DeHaan with GasBuddy noted that’s still one of the lowest prices we’ve seen in 2022.  DeHaan noted the recent swing higher in o...
China Weighing On The Mind Of Oil Investors
China Weighing On The Mind Of Oil Investors
China Weighing On The Mind Of Oil Investors
West Texas Crude traded around $71 per barrel in last week’s trade, the lowest level we’ve seen in roughly a year.  Patrick DeHaan with GasBuddy said the economic uncertainty that has pushed oil prices lower for the past two-plus months continues to weigh on the minds of investors.  He said while there’...

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