The month of July opened with oil prices approaching $60 per barrel.  By the 10th of the month, prices climbed slightly over $60 and remained at that level for a few days.  However, prices fell back to the mid-$50’s as the second half of the month started.  Prices subsequently traded in a narrow range near $56 during the last 10

Oil prices hovered near $53 per barrel for most of June, then quickly increased toward $60 during the last 10 days of the month.  Prices closed the month at over $58 after increasing $5 during late June, or 9%.  Overall, prices are up almost 30% since the start of the year.  The following graph shows the daily price movements over

Oil prices traded in a narrow range near $62 per barrel for most of May, then quickly fell back to the high-$50’s on May 23rd.  Prices collapsed even further at the end of the month, closing May at $53.50.  Overall, prices fell by 16% during May but are still up by 13% since the start of the year.  The following

During the first half of April 2019, oil prices traded in a narrow range in the low $60’s per barrel, then started rising to a recent high just over $66 on April 23rd but fell below $64 by the end of the month.  Prices increased by almost 6% during April and are up by 37% since the start of the

During March 2019, oil prices traded near $56 per barrel for the first half of the month.  Near the middle of the month, prices quickly jumped over $58.  For the remainder of the month, prices traded in a narrow range near $59 and managed to close just over $60 by the end the month.  Overall, prices rose by 5% during

During February 2019, oil prices traded in a narrow range during the first 10 days, then began climbing for the remainder of the month.  Prices opened the month at just under $54 per barrel and closed at just over $57, a 6% increase.  The following graph shows the daily price movements over the past three months: The overall increase in

As 2019 got underway, fuel prices started to rebound after rapidly declining during the fourth quarter of 2018.  January prices opened the month at just over $45 per barrel and closed at just under $54, a 16% increase.  The following graph shows the daily price movements over the past three months: The rebound in prices was primarily caused by the

For the third consecutive month, crude oil prices continued their steady decline throughout December.   Prices closed the month at just over $45/barrel which is 14% lower than the start of the month.  Prices have fallen by an extraordinary 40% compared to their recent high of $76 at the beginning of October.  The following graph shows the daily price movements over

The collapse of crude oil prices continued throughout November as they fell 20% compared to the beginning of the month.  November’s closing price of just under $51/barrel is 33% lower than the recent peak of $76/barrel at the beginning of October.  The following graph shows the daily price movements over the past three months: The increase in prices leading to

Crude oil prices tumbled by almost 13% during October.  They peaked very early in the month at just over $76/barrel and proceeded to fall throughout the month to close at just over $65.  The following graph shows the daily price movements over the past three months: The rapid decline of oil prices in October followed a rapid increase during the