Gas prices (RB=F) fall to an 11-month low, causing energy analysts to speculate could be closer to falling below $3 per gallon for the first time since 2021. Yahoo Finance Senior Business Reporter Ines Ferré breaks down trends in gasoline prices being perpetuated by crude oil demand stemming from OPEC+'s production cuts. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Crude oil (CL=F, BZ=F) is down 25% from a late summer high that hit $95 per barrel. Inventory challenges and demand concerns ripple through international markets after OPEC's 2024 production cut announcement. Yahoo Finance’s Ines Ferré reports on the state of the oil market and the ongoing impact of geopolitical unrest on oil prices. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
(Bloomberg) -- Canada will require its oil and gas industry to cut emissions to 35% to 38% below 2019 levels in six years in what the government is calling a historic first for a major fossil-fuel producing country.Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpTech Giants Lift Stocks as AI Euphoria Rages On: Markets WrapBiden Moves to Forgive Nearly $5 Billion in Student LoansHarvard, Penn