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.
Australia’s biggest oil companies are plotting a £42bn mega-merger as a wave of takeovers sweeps the fossil fuel industry.