For a third day straight, oil prices have fallen since OPEC failed to reach a production increase agreement earlier this week. This morning crude opened at $72.17, diesel at $2.0849, and gasoline at $2.2049. Analysts suggest an agreement to raise production may be out of the question for the near-term, as Saudi Arabia and the […]
Oil prices are posting new gains this morning after Friday’s selloff, buoyed by falling production in various areas throughout the world. The UAE, OPEC’s third-largest producer, ordered its national oil company to cut future oil production, and markets are now expecting a 5% supply drop in September and a 30% cut in October. In the […]
A surprise draw in crude stocks is putting upward pressure on prices this morning. WTI Crude is trading at $57.55 a gain of 43 cents. Fuel is up this morning. Diesel is trading at $1.9345, a gain of 2.2 cents. Gasoline is trading at $1.6456, a gain of 0.9 cents. Crude prices rose after the […]
