Crude Oil Feb 26 (CLG26.NYM)
| Pre. Settlement | N/A |
| Settlement Date | 2026-01-20 |
| Open | 66.00 |
| Bid | 63.55 |
| Last Price | 63.40 |
| Day's Range | 66.00 - 66.00 |
| Volume | |
| Ask | 64.59 |
- Yahoo Finance Video
Gas prices could fall below $3 a gallon: Analyst
With the summer travel season winding down, gas prices are starting to slip. GasBuddy head of petroleum analysis Patrick De Haan expects the national average gas price to fall below $3, driven primarily by seasonal factors, saying "Americans just don't drive as much in fall." He also notes that the switch to cheaper winter gasoline and the decline in oil prices (CL=F) will help send prices lower too. What could change that trajectory? Tropical storm Francine and other potential storms or hurricanes could pose a risk, De Haan says, adding geopolitical risk as another potential upward catalyst. Watch the video above to find out where De Haan says prices in the US are highest and lowest. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich.
Yahoo FinanceMorgan Stanley cuts oil target for second time in a month as prices plunge to 2024 lows
Wall Street has turned increasingly sour on oil as prices hover near 52-week lows.
- Yahoo Finance Video
Oil prices unmoved by OPEC+ production pause. Two reasons why
Oil prices (CL=F, BZ=F) saw slight gains on Thursday after reports indicated that OPEC+ agreed to pause oil production hikes. Goldman Sachs Managing Director and Head of Oil Research Daan Struyven joins Market Domination to offer insights into the energy market's muted reaction. Struyven attributes the modest price movement to two factors: First, previous reports had already hinted at OPEC delaying production increases, so "some of the news was already priced in as of today." Second, the decision only delays "relatively small production increases by two months," resulting in only a moderate "reduction in expected supply." Despite this development, Struyven maintains his range-bound view for oil prices of $77 to $85 per barrel, with a target of $74 per barrel by December 2025. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
