Oil prices stay same

[Cachinga]

Despite all the problems lately oil prices are staying about the same. The cost of oil has been going for between 64-87 dollars a barrel so far this year with it staying close to 77 dollars a barrel for the past two weeks.

"Oil markets are still dominated by woes about the state of the economy, while oil fundamentals come second," JBC Energy said in a report. "To reduce the substantial slack in oil markets, a marked improvement in oil demand is required."
Oil has traded between $64 and $87 so far this year and has hovered near $76 for the last two weeks amid light summer trading volume. Investors are eyeing a slow U.S. economic recovery and mixed corporate results so far during second-quarter earnings season.
"Investors are confident enough to keep the markets where they are ... but not excited enough to push them higher," Sander Capital said in a report.

Hopeful this is a sign that things might begin to improve. Im not going to bet on it though.