The Latest Breaking News from crude oil

Crude Prices Finish Higher as US Tightens Sanctions on Iranian Oil

April WTI crude oil (CLJ25 ) Thursday closed up +1.10 (+1.64%), and April RBOB gasoline (RBJ25 ) closed up +0.0215 (+0.99%). Crude oil and gasoline prices advanced Thursday after the US ramped up sanctions on Iranian crude exports. Crude prices also garnered support from Thursday's better-than-expected US economic news, a...

Barchart · Mar 20, 2025

Crude Rallies as US Ramps-Up Sanctions on Iranian Crude Exports

April WTI crude oil (CLJ25 ) today is up +1.28 (+1.91%), and April RBOB gasoline (RBJ25 ) is up +0.0189 (+0.87%). Crude oil and gasoline prices are climbing today after the US ramped up sanctions on Iranian crude exports. Crude prices also garnered support from today's better-than-expected US economic news,...

Barchart · Mar 20, 2025

Crude Prices Gain as Weekly Gasoline and Distillate Supplies Tighten

April WTI crude oil (CLJ25 ) Wednesday closed up +0.26 (+0.39%), and April RBOB gasoline (RBJ25 ) closed up +0.0012 (+0.06%). Crude oil and gasoline prices Wednesday recovered from early losses and settled moderately higher. Short covering emerged in crude futures Wednesday after weekly gasoline and distillate inventories declined. Also,...

Barchart · Mar 19, 2025

Crude Prices Gain on Dollar Weakness and Heightened Geopolitical Risks

April WTI crude oil (CLJ25 ) Monday closed up +0.40 (+0.60%), and April RBOB gasoline (RBJ25 ) closed up +0.325 (+1.51%). Crude oil and gasoline prices Monday rose to 1-1/2 week highs and settled moderately higher. Monday's dollar weakness was bullish for crude prices. Crude also rose on heightened geopolitical...

Barchart · Mar 17, 2025

Crude Pushes Higher as the US Strikes Houthi Rebels in Yemen

April WTI crude oil (CLJ25 ) today is up +0.21 (+0.31%), and April RBOB gasoline (RBJ25 ) is up +0.236 (+1.10%). Crude oil prices today climbed to a 1-1/2 week high and are mildly higher. Today's dollar weakness is bullish for crude prices. Crude is also climbing on heightened geopolitical...

Barchart · Mar 17, 2025

Crude oil prices rise as Red Sea tensions intensify after US strikes

Crude oil prices jumped following the US military strikes on the Iran-backed Houthi militants, in response to the Yemen-based group’s commercial vessel attacks in the Red Sea. However, a deteriorating economic outlook is expected to continue pressuring oil prices.

Euronews · Mar 17, 2025

Will Gasoline Prices Head Higher During the 2025 Driving Season?

Gasoline is a seasonal commodity. Prices have fallen since mid-January, but the peak demand season is on the horizon. Gasoline follows crude oil, a highly political raw material that is experiencing a substantial fundamental change with the shift in U.S. energy policy.

Barchart · Mar 14, 2025

Crude Prices Supported by Dollar Weakness and Tighter Russia Sanctions

April WTI crude oil (CLJ25 ) today is up +0.50 (+0.75%), and April RBOB gasoline (RBJ25 ) is up +0.0042 (+0.20%). Crude oil prices today are moderately higher. Today's weaker dollar is supportive of crude prices. Crude prices also rose today after the US tightened sanctions on Russia to make...

Barchart · Mar 14, 2025

Crude Prices Pressured by Energy Demand Concerns

April WTI crude oil (CLJ25 ) Thursday closed down -1.13 (-1.67%), and April RBOB gasoline (RBJ25 ) closed down -0.0170 (-0.79%). Crude oil prices were under pressure Thursday and settled moderately lower. A stronger dollar Thursday was bearish for energy prices. Also, the possible escalation of US tariffs that could...

Barchart · Mar 13, 2025

Trade Tensions and Energy Demand Concerns Weigh on Crude Prices

April WTI crude oil (CLJ25 ) today is down -0.61 (-0.90%), and April RBOB gasoline (RBJ25 ) is up +0.0004 (+0.02%). Crude oil prices are under pressure today from a stronger dollar. Also, the possible escalation of US tariffs that could exacerbate trade tensions that lead to slower growth and...

Barchart · Mar 13, 2025