US oil prices dipped below $100/bbl today, its lowest in two weeks as recession fears, a strong dollar, and Covid lockdowns in China threaten demand.

Oil prices sank today, alongside other financial markets in another risk off day. Global markets have been spooked by interest rates hikes and slowing growth across the world.

Oil prices rose again today, closing out the week with the second straight week over week gain.

Oil prices were slightly higher today despite yesterday’s rate hike, pressures from a stronger dollar and tumbling equity markets. OPEC+ announced another modest production hike, sticking with their plans despite recent price increases, geopolitical tensions and calls from the West to increase production. Meanwhile, Gasoline futures rose to the highest since March 8th, the previous […]

Oil prices were higher today, reversing course from earlier in the session as the rally in the diesel market continued.

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Oil prices were higher today, reversing course from earlier in the session as the rally in the diesel market continued.

Oil prices traded down today, after initially trading higher earlier in the session in a volatile day. Heating oil prices plummeted today into expiration of the front month contract, dropping as much as 20% at one point.

Oil prices settled up today on the likelihood that Germany will embargo Russian oil. Germany’s Economy Minister commented that the nation could cope with an EU embargo on Russian oil.

Oil prices rose slightly today, trading up later in the day after trading down earlier in the session. Russia moved to cut gas shipments off to Bulgaria and Poland,