Crude oil prices are pulling back while still remaining elevated. Coming off of the summer's cyclical demand highs, what should consumers be expecting for gas prices for the rest of 2023? Patrick De Haan, GasBuddy Head of Petroleum Analysis, joins Yahoo Finance Live to explain which direction gas prices are moving based on regional trends and seasonal demand heading into the fall 2023 season. "Because of that maintenance, the West Coast has been really the only region of the country that's seen prices going up," De Haan explains. "Everyone else, the refinery maintenance is being offset by seasonally weak gasoline demand." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Secretary-general of OPEC, Haitham Al-Ghais, said the group is optimistic on demand and sees under-investment as a risk to energy security.
NEW YORK (Reuters) -Oil prices recovered to settle slightly higher on Tuesday after sinking to three-week lows, pressured by a stronger U.S. dollar and darkening global economic signals but supported by tightening crude supply. Brent crude oil futures settled 21 cents higher at $90.92 a barrel, after falling to a session low of $89.50, the lowest since Sept. 8. Prices sank early as the U.S. dollar rose to a 10-month high against a basket of major peers after U.S. job openings data pointed to a still-tight labor market that could prompt the Federal Reserve to raise interest rates next month.