Blue Skies Ahead for Crude Oil?

Author: Pam Corn   Date:
Fuel Prices Stock Market Chart

Crude oil prices have been on a tumultuous ride for the past month, but is the worst behind us? We first learned of the Omicron variant in South Africa on Thanksgiving Day, and when financial markets re-opened on black Friday, the oil patch was terrified. As you can see in the chart above, WTI crude […]

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Omicron Fears Send Oil Prices Tumbling

Author: guttman   Date:

A sharp rise in global Omicron variant cases has sent oil prices tumbling.  At the time of this writing, WTI crude is trading at $66.77, down $4.09 for the day.  The United States hasn’t committed to new lockdowns; however, many other countries are implementing new policies that will certainly lead to demand destruction.

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