Crude oil prices have surged after the U.S. and Israel attacked Iran, and Iran retaliated with attacks throughout the Middle East. Critical logistical chokepoints have become war zones, heightening supply...
NYMEX crude oil futures have moved steadily higher since the lows in mid-December, gaining more than $10 per barrel at their most recent high. Geopolitical risks in the Middle East have pushed the energy...
Crude oil prices had gone nowhere fast and remained in a trading range around the $60 per barrel pivot point on the nearby NYMEX WTI contract. While the 2025 trend is bearish, the price only marginally...
Nearby NYMEX crude oil futures have been in a bearish trend since March 2022, when they reached over $130 per barrel following Russia’s invasion of Ukraine. It may only be a matter of time before the...
Nearby NYMEX crude oil prices fell to the 2025 low of $55.12 per barrel in April, following the U.S. announcement of unprecedented tariffs on its trading partners worldwide. However, the turmoil in the...
Nearby June NYMEX crude oil futures prices fell to a $55.30 per barrel low on May 5, just above the most recent $54.67 bottom on April 9. While the energy commodity made a higher low and has rallied, the...
Brent and WTI crude oil futures prices reached new 2025 lows in March. The trend remains bearish, and economic and geopolitical events point to even lower prices as the energy commodity approaches the...
Crude oil prices have been making higher lows and higher highs since mid-September. As the price approaches the $80 per barrel level, the world’s leading energy commodity could be near a level where...
Crude oil prices are holding near $70 per barrel. Meanwhile, the incoming administration’s plans and the international oil cartel’s response could mean that prices will by significantly lower in 2025....
Crude oil prices have been falling, making lower highs, since this year’s April 2024 high. The U.S. election has changed the oil market’s dynamics.