Crude Oil Jan 28 (CLF28.NYM)
| Pre. Settlement | N/A |
| Settlement date | 2027-12-20 |
| Open | 54.00 |
| Bid | 0.00 |
| Last price | 64.46 |
| Day's range | 54.00 - 54.00 |
| Volume | |
| Ask | 0.00 |
- Yahoo Finance Video
Oil prices: Can Mideast tensions push them to triple digits?
Oil prices (BZ=F, CL=F) have slid down about 3% this week as some of the tension in the Middle East has eased after escalations as Iran targeted Israeli military bases. Oil production seems to remain continuous as none of the recent attacks have touched production facilities. Will this decrease last or could prices go back up to all-time highs? Path Trading Partners Co-Founder Bob Iaccino joins Yahoo Finance to discuss the potential for oil prices to spike and what would bring about those price increases, including recent geopolitical tensions. Iaccino affirms: "You're talking about geopolitics to get $200 a barrel. That's what gets these surprise shocks and sustainable shocks, depending on the assessed damage... We're talking about a military strike that disrupts supply. Then that would get us somewhere near that one hundred dollars and possibly exceeding its, depending on what that disruption would be..." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
Yahoo FinanceGas prices: Why one US region will see 'stiff increases' this week
New England will be the latest region to see gasoline prices spike higher.
- Yahoo Finance Video
Gas prices are 'polarizing number' ahead of election: GasBuddy
As US gas prices continue their upward trajectory, the issue has become "a polarizing number," according to GasBuddy's Head of Petroleum Analysis Patrick De Haan. He joins Market Domination Overtime alongside Yahoo Finance's Rick Newman to discuss the underlying factors. De Haan notes that the average gas price has increased by over 60 cents from the January lows, and could reach $3.70 in the next couple of days as the summer season approaches. However, he believes prices are nearing "the potential end of the spring rally." Importantly, De Haan highlights the political significance of gas prices, particularly ahead of the upcoming election. If prices were to go above the $4 per gallon threshold, De Haan believes it could negatively impact President Biden's approval numbers, calling it a "danger zone" from a political standpoint. Furthermore, De Haan identifies fragmentation as one of the key drivers behind persistently higher gas prices. The fact that different regions use various gasoline blends, all under the control of various entities, creates an environment that "could use improvement" and contributes to the elevated prices seen across the country. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
