CO Energy

The coronavirus continues to impact international markets, and of course international oil prices.  Patrick DeHaan with Gasbuddy.com said oil prices dropped $3 week-over-week, just because of fears of where the virus will go next.   “A fluid situation with the coronavirus last week, like I said, there was optimism that the spread was slowing, and then the weekend hit, and everything unraveled.  So

Thanks to fears and uncertainty surrounding the coronavirus, oil prices are trading at the lowest levels we’ve seen in the past 12 months.  As of Monday, prices for West Texas Crude were trading around $52 per barrel.  And while that figure was up slightly, its part of a larger trend, pushing oil prices lower since the world first caught wind of the health problems in China.   What i...

Thanks to pressure from China, oil prices are trading slightly lower this week.  According to Patrick DeHaan with Gasbuddy.com, West Texas Crude was trading below $50 per barrel, Monday morning.  DeHaan said for the past year plus, China has dictated where oil prices went; first during the trade war with the U.S., now b...

Thanks to the spread of, and the fear of the coronavirus, oil prices have dropped considerably in the past week.  Patrick DeHaan with GasBuddy.com says that fear has pushed prices to lows not reported for months.  West Texas Crude was down to $49 per barrel Monday morning.  DeHaan ...

Oil prices traded higher Tuesday, with West Texas Crude trading around $53 per barrel.  That upward movement came just a day after concerns over the coronavirus sent panic through the oil market, and most investment markets thanks to slowdowns, business cancellations, and travel restrictions across China.  ...

Despite Congress approving USMCA and sending it to President Trump for his signature, and despite the U.S. and China signing the Phase One trade agreement last week, oil investors remain unimpressed.  Patrick DeHaan with GasBuddy.com said oil prices were trading the holiday Monday around $58 per barrel, down considerably from the prices reported last week.  Th...

National oil prices have picked up where they left off in 2019, increasing very slightly.  Currently oil prices around trading in the mid-$60 per barrel range.  Could we see those fuel prices rocket up in the coming days because of ongoing tensions with Iran?   ...

As we prepare to wrap up 2019, oil prices have not shown much movement.  West Texas Crude is trading slightly higher just above $60 per barrel.  As we look to 2020, the expectation is oil prices will move higher, due to the likelihood of steady or even reduced oil production.   ...

Oil prices for the past couple of weeks, really months, have been flat kept in check by a balance of good and not so good economic news.  With the exception of a few outliers, oil prices have hovered in the mid $50 a barrel range for much of the later portions of 2019.  ...

It’s been a relatively turbulent time for oil prices, with the price of West Texas Crude dropping 5% Friday, and then moving up more than 2% in Monday’s action.  Why the volatility?   OPEC and its allies might discuss and even agree to deepen their production cuts to re-balance prices.  Monday, WTI was tra...