After a dramatic Election Day upset, we look at how a Trump presidency is affecting oil prices today.
- How Much Is a Barrel of Oil?
- The OPEC Oil Deal Is on the Brink of Collapse, and This Is the (Unexpected) Culprit
- Why the Price of Oil Today Is Down
- The Strange Tale of the "Phantom Oil" Glut – and Why It's About to Vanish
- What Is the Price of Crude Oil Today?
- Why the Price of Crude Oil Is So Volatile Today
- Crude Oil Prices Today Climb Over $50, Here's What's Next
- Why the Crude Oil Price Today Is Back Over $50
- Why the Price of Crude Oil Soared This Week
- Where Crude Oil Prices Are Headed After the Algeria OPEC Meeting
- September OPEC Meeting: What You Need to Know Today
- Why Traders Are Wrong to Fear the OPEC-Russia Oil Deal
- Why Crude Oil Prices Are Soaring Today
- Why the WTI Crude Oil Price Is Higher Today
- Gold Prices Are Extremely Volatile, but We're Still Bullish
- What Energy "Experts" Don't Want You to Know About Oil
Markets have been volatile ahead of the U.S. presidential election, and crude oil prices have been no exception.
Many observers make the mistake of assuming the price of oil is determined by simple supply and demand, like many other products.
How much is a barrel of oil? The price of a barrel of oil has dropped on the news OPEC members aren't making progress toward an agreement on curbing oil production.
The price of oil today (Monday, Oct. 24) is down from its October highs as uncertainty about the OPEC-Russia deal weighs on traders' minds.
The one question we keep hearing from readers is "what is the price of crude oil today?"
Keeping prices in check were a strong dollar, oversupply concerns, and worries that next month's meeting of key cartel members won't result in a production cut.
After rising 3.1% on Monday to $51.35 a barrel, the highest close since July 2015, the price of crude oil is falling today.
Prices are expected to trade in a tight range until OPEC's meeting in Vienna on Nov. 30.
Crude oil prices today climbed over $50 a barrel amid fresh hopes for a production cut in November.
Brent crude prices hit their highest level in a year, and WTI prices hit a four-month high.
The crude oil price today climbed back over $50 a barrel on renewed hopes that a planned production cut by OPEC will ease the supply/demand issue that has been plaguing oil markets.
Yet oil prices are expected to trade in a narrow range for the next two months.
The price of crude oil was modestly lower today (Thursday) following a strong rally late Wednesday sparked by news that global oil leaders reached an agreement on production.
OPEC members will not actually decide on an oil production cap until late November.
Crude oil prices are going to remain volatile in the short term because OPEC could not reach an agreement at its September meeting.
Members of the oil cartel are still going to produce as much oil as they can, making oil prices cheap and limiting profits.
The September OPEC meeting gets underway in Algiers today (Monday) as OPEC and non-OPEC members meet for an informal yet crucial energy summit.
Hopes are growing that some kind of deal will be reached.
Traders worried about higher prices disrupting oil markets seem cool to any deal out of this week’s OPEC meeting.