Oil prices are down significantly this morning, reaching as low as $100.68. As Russian oil supply continues to be disrupted by sanctions, the effects are spreading, as evidenced by the Kazakhstan supply issues. Russia’s invasion of Ukraine set off a domino effect throughout the oil supply chain, and now those dominos are falling for producers […]
Today, oil prices are stable following an international summit of western leaders meeting on the Ukraine crisis to determine next steps. Three separate meetings of NATO, the EU, and the G7 revolved heavily around Russian sanctions, military aid, and additional pressure that could be applied. So far, markets aren’t perceiving much change for oil markets […]
This morning crude prices are up as the news of a potential ban of Russian oil by the EU makes its way through markets. Today WTI crude is at $109.05, with diesel at $3.7797 and gasoline at $3.3461. After recent events in eastern Europe, the European Union nations will decide in the coming days whether […]
Crude is down on negative trade sentiment. Crude prices continue to be lower this morning following negative sentiment out of China surrounding Trump’s comment that there was no agreement on phasing out tariffs. A Chinese government source was quoted by CNBC as saying there was “gloom” in Beijing about prospects for a trade compromise. Crude […]
