The Latest Breaking News from OPEC

OPEC Chief Rejects IEA's Oil Glut Warning as Strait of Hormuz Reopens

OPEC Secretary General Haitham Al Ghais has pushed back against forecasts from the International Energy Agency (IEA) that the global oil market is headed toward a major supply glut.

International Business Times · Jun 18

Crude Oil Prices Tumble as Strait of Hormuz Reopens

July WTI crude oil (CLN26 ) today is down -2.90 (-3.78%), and July RBOB gasoline (RBN26 ) is down -0.0349 (-1.20%). Crude oil and gasoline prices are retreating today, with crude falling to a 3.5-month low. Today's rally in the dollar index ($DXY ) to a 13-month high is bearish...

Barchart · Jun 18

Current price of oil as of June 18, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune · Jun 18

Crude Oil Prices Tumble as End of US-Iran War Set to Boost Oil Supplies

July WTI crude oil (CLN26 ) today is down -3.76 (-4.66%), and July RBOB gasoline (RBN26 ) is down -0.0653 (-2.22%). Crude oil and gasoline prices extended Monday’s sell-off today, with crude falling to a 3.25-month low and gasoline dropping to a 2.25-month low. Crude oil prices are sinking on...

Barchart · Jun 16

Current price of oil as of June 16, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune · Jun 16

Crude Oil Prices Sink on Deal to Reopen Strait of Hormuz

July WTI crude oil (CLN26 ) on Monday closed down -4.13 (-4.87%), and July RBOB gasoline (RBN26 ) closed down -0.1026 (-3.36%). Crude oil and gasoline prices sold off sharply on Monday, with crude falling to a 2-month low and gasoline dropping to a 2-month low. Crude oil plunged on...

Barchart · Jun 15

Crude Oil Prices Plummet on US-Iran Peace Deal

July WTI crude oil (CLN26 ) today is down -4.35 (-5.12%), and July RBOB gasoline (RBN26 ) is down -0.0808 (-2.65%). Crude oil and gasoline prices are sinking today, with crude falling to a 2-month low and gasoline dropping to a 2-month low. Crude is plunging today after the US...

Barchart · Jun 15

Current price of oil as of June 15, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune · Jun 15

Crude Oil Prices Continue Sharply Lower on Iran Peace Hopes

July WTI crude oil (CLN26 ) on Friday closed down -2.82 (-3.23%), and July RBOB gasoline (RBN26 ) closed down -0.0516 (-1.66%). July WTI crude oil prices on Friday fell by -3.23%, adding to Thursday’s decline of -2.58%. Crude oil prices fell as reports circulated that an interim US-Iran peace...

Barchart · Jun 12

Current price of oil as of June 12, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune · Jun 12