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Gas prices drop to levels America hasn’t seen since 2021

Cheap crude and soft demand push pump prices below $3 for the first time since the beginning of the decade

MSN·
MSN·

"Commodity" focuses on the progress of Russia-Ukraine negotiations, and oil prices continue to rise

The market continues to pay attention to the progress of the Russia-Ukraine peace talks, with oil prices rising about 1% on Thursday. New York January futures rose by $0.53 or 0.9% to $59.48. Brent February futures rose by $0.44 or 0.7% to $63.11

AASTOCKS·
AASTOCKS·

Geopolitical Volatility Battles Oil's Structural Surplus Story

Authored by Michael Ball, Bloomberg macro strategist,Oil has chopped around all week, caught between Ukraine headline volatility and a building 2026 supply surplus that should cap rallies and turn geopolitical spikes into shorter bursts.

ZeroHedge·
ZeroHedge·

Crude Oil Prices Rise Following Ukrainian Attacks on Russian Oil Infrastructure

Crude oil prices rose due to Ukrainian attacks on Russian oil infrastructure, with Brent crude up 0.3% and WTI up 0.5%. Despite the attacks, supplies continue as usual. Ukraine's drone campaign targets Russian refineries, reducing throughput by 335,000 b/d year over year. Slow peace talks temper expectations of eased sanctions and improved Russian oil flows.

fidelity·
fidelity·

PLATTS: 100--OIL FUTURES: Crude edges lower as market weighs weak fundamentals against geopolitical risks

Crude oil futures fell on Dec. 2 as markets balanced geopolitical tensions with weak fundamentals. US President Trump announced imminent strikes in Venezuela, accusing the US of seeking to seize oil reserves. Despite geopolitical events, a global crude supply surplus persists, with increased inventories noted. NYMEX January WTI and ICE February Brent both declined, reflecting market reactions to these developments.

Reuters·
Reuters·
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