Source: Elliot Smith, CNBC Oil prices continue to surge. Since December 2018, prices have risen about 40%. But analysts are predicting that the price increase won’t last, citing a slowdown in global growth and an increase in U.S. oil output. Petroleum Prices Diesel and Gasoline (U.S. Averages) Units Current Price …
Source: Lizzy Gurdus, CNBC The Trump Administration announced on April 22 that it will move to curb Iran’s oil output by ending exemptions to sanctions against the country. The move caused an immediate rise in crude prices as traders brace for a restricted supply. Petroleum Prices Diesel and Gasoline (U.S. …
Source: Lizzy Gurdus, CNBC Tightening oil supplies across the globe have pushed prices of the commodity higher since the beginning of 2019. But while crude prices are still showing positive momentum, analysts are still worried about volatility in the market. As of Friday, West Texas Intermediate Crude ended trading fairly flat, up less than …
Source: Natasha Turak, CNBC Crude oil futures have surged since the start of 2019. Tightening supplies caused by more oil being taken off the market in Iran and Venezuela (as well as continued supply cuts from OPEC) are all contributing to rising prices. “Commodities demand is relatively rock solid, demand is so solid in …
Source: Natasha Turk, CNBC Diesel Prices National Average Diesel Price Per Gallon: $3.078 Oil prices slipped last week after news of a sharp increase in U.S. crude stockpiles. However, analysts say the drop is only temporary. According to Robin Mills, CEO of Qamar Energy, “Demand continues to be fairly good, OPEC+ compliance is high, …
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