The Latest Breaking News from crude oil

Crude Prices Slip on Stronger Dollar and Weak Economic News

July WTI crude oil (CLN23) on Tuesday closed down -0.41 (-0.57%), and July RBOB gasoline (RBN23) closed up +3.99 (+1.58%). Crude oil and gasoline prices Tuesday settled mixed. A stronger dollar Tuesday weighed on crude prices. Crude was also under pressure from concerns that a slowdown in the global economy...

Barchart · Jun 6, 2023

Crude Prices Under Pressure from Global Energy Demand Concerns

July WTI crude oil (CLN23 ) this morning is down -0.23 (-0.32%), and July RBOB gasoline (RBN23 ) is up +3.75 (+1.49%). July Nymex natural gas (NGN23 ) is up +0.024 (+1.07%). Crude oil and gasoline prices this morning are mixed. A stronger dollar today is weighing on crude prices....

Barchart · Jun 6, 2023

No Surprise as OPEC+ Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Barchart · Jun 6, 2023

Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway

A spokesperson for Egypt's Suez Canal says a tanker transporting crude oil broke down in the canal, briefly disrupting traffic in the global waterway

The Independent UK · Jun 4, 2023

Maltese oil tanker breaks down in Egypt’s Suez Canal

A tanker transporting crude oil has broken down in a single-lane part of Egypt's Suez Canal, disrupting traffic in the global waterway.

The New Daily · Jun 4, 2023

India's import of Russian oil scales new high in May

India’s import of cheap Russian oil scaled another record and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the U.S., industry data showed. India took 1.96 million barrels a day from Russia, 15% more than the previous according to data from energy cargo tracker…

The Hindu · Jun 4, 2023

Canada facing rising threat from cyberattacks - defence minister

Canadian Defence Minister Anita Anand said on Saturday that the country's critical infrastructure was increasingly being targeted by cyberattacks, posing a significant threat to the economy of the world's fourth-largest crude oil producer.

Reuters · Jun 3, 2023

Crude Closes Higher Ahead of Weekend OPEC+ Meeting

July WTI crude oil (CLN23 ) on Friday closed up +1.64 (+2.34%), and July RBOB gasoline (RBN23 ) closed up +6.45 (+2.65%). Crude oil and gasoline prices Friday closed moderately higher. Crude prices rose Friday in hopes of stronger Chinese energy demand after Bloomberg reported the Chinese government is working...

Barchart · Jun 2, 2023

Crude Rallies Ahead of Weekend OPEC+ Meeting

July WTI crude oil (CLN23 ) this morning is up +1.22 (+1.74%), and July RBOB gasoline (RBN23 ) is up +3.57 (+1.479%). July Nymex natural gas (NGN23 ) is up +0.038 (+1.76%). Crude oil and gasoline prices this morning are moderately higher. Crude prices are climbing in hopes of stronger...

Barchart · Jun 2, 2023

Crude Settles Higher on Dollar Weakness and Strong Economic Reports

July WTI crude oil (CLN23 ) on Thursday closed up +2.01 (+2.95%), and July RBOB gasoline (RBN23 ) closed down -0.76 (-0.31%). Crude oil and gasoline prices Thursday settled mixed. A decline in the dollar index Thursday to a 1-week low was bullish for energy prices. Also, the House passage...

Barchart · Jun 1, 2023