[ncpatriot]

Is this low price because we are not driving as much?

[Alberta's Child]

Low energy prices in the U.S. are generally driven by two things: (1) low demand, and (2) a strong U.S. dollar.

Oil is priced globally in U.S. dollars, so the price effectively goes down when the value of the U.S. dollar goes up.

[existentially_kuffer]

Yes, in addition oil future contracts expired yesterday or today. Lots of oil tankers acting as storage tankers floating in the oceans. So much for the old BS scare of “Peak Oil”. Enjoy it while you can, what an opportunity for Trump to top-off the US reserves!