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The Latest Breaking News from OPEC

Crude Prices Climb on Dollar Weakness and Expected End of US Government Shutdown

December WTI crude oil (CLZ25 ) on Tuesday closed up +0.91 (+1.51%), and December RBOB gasoline (RBZ25 ) closed up +0.0409 (+2.07%). Crude oil and gasoline prices rallied on Tuesday, with crude posting a 1-week high and gasoline posting a 6-week high. Tuesday's decline in the dollar index (DXY00 )...

Barchart

Crude Prices Rally on Dollar Weakness and Expected End of US Government Shutdown

December WTI crude oil (CLZ25 ) today is up +0.94 (+1.56%), and December RBOB gasoline (RBZ25 ) is up +0.0412 (+2.09%). Crude oil and gasoline prices are sharply higher today, with crude posting a 1-week high and gasoline posting a 6-week high. Today's decline in the dollar index (DXY00) to...

Barchart

Crude Oil Prices Move Higher on Hopes for the US Government to Reopen

December WTI crude oil (CLZ25 ) on Monday closed up +0.38 (+0.64%), and December RBOB gasoline (RBZ25 ) closed up +0.0308 (+1.59%). Crude oil and gasoline prices settled higher on Monday. Dollar weakness on Monday was supportive for crude prices. Crude also rose with stock prices on Monday amid speculation...

Barchart

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Crude Oil Slips on Dollar Strength and Energy Demand Concerns

December WTI crude oil (CLZ25 ) today is down -0.24 (-0.40%), and December RBOB gasoline (RBZ25 ) is up +0.0044 (+0.23%). Crude oil and gasoline prices are mixed today. Dollar strength is weighing on crude prices today, along with concerns about global energy demand. Losses in crude are limited, and...

Barchart

Crude Oil Higher on Dollar Weakness and Stronger Chinese Demand

December WTI crude oil (CLZ25 ) on Friday closed up +0.32 (+0.54%), and December RBOB gasoline (RBZ25 ) closed down -0.0253 (-1.29%). Crude oil and gasoline prices settled mixed on Friday. Dollar weakness supported crude prices on Friday, when the dollar index (DXY00) fell to a 1-week low. Also, strength...

Barchart

Crude Oil Gains on Dollar Weakness and Strength in Chinese Oil Demand

December WTI crude oil (CLZ25 ) today is up +0.30 (+0.50%), and December RBOB gasoline (RBZ25 ) is down -0.0150 (-0.76%). Crude oil and gasoline prices are mixed today, with crude falling to a 2-week low. Today's weaker dollar (DXY00 ) is supportive for energy prices as the dollar index...

Barchart

Crude Oil Prices Slip as Saudi Aramco Cuts Prices

December WTI crude oil (CLZ25 ) on Thursday closed down -0.17 (-0.29%), and December RBOB gasoline (RBZ25 ) closed up +0.0563 (+2.95%). Crude oil and gasoline prices settled mixed on Thursday, with crude falling to a 2-week low. Demand concerns are weighing on oil prices after Saudi Arabia on Thursday...

Barchart

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How Low Can Crude Oil’s Price Fall?

Nearby NYMEX crude oil futures have been in a bearish trend since March 2022, when they reached over $130 per barrel following Russia’s invasion of Ukraine. It may only be a matter of time before the energy commodity reaches another lower low.

Barchart

Crude Oil Under Pressure as Saudi Aramco Cuts Prices

December WTI crude oil (CLZ25 ) today is down -0.33 (-0.55%), and December RBOB gasoline (RBZ25 ) is up +0.0290 (+1.52%). Crude oil and gasoline prices are mixed today, with crude falling to a 2-week low. Demand concerns are weighing on oil prices today after Saudi Arabia lowered the price...

Barchart

Gas Prices Hit Trump's $2 Goal, But It's A Gift From The Oil Market

Speaking at the America Business Forum in Miami on Wednesday, President Donald Trump claimed victory on a key economic promise: gasoline prices are now hovering near $2 per gallon, a level he vowed to restore during his 2024 campaign.

Benzinga

Crude Prices Tumble as EIA Crude Inventories Build

December WTI crude oil (CLZ25 ) on Wednesday closed down -0.96 (-1.59%), and December RBOB gasoline (RBZ25 ) closed down -0.0135 (-0.70%). Crude oil and gasoline prices gave up an early advance on Wednesday and moved lower, with crude dropping to a 2-week low. Crude prices retreated on Wednesday after...

Barchart

Crude Prices Falter after Weekly EIA Inventories Unexpectedly Rise

December WTI crude oil (CLZ25 ) today is down -0.39 (-0.64%), and December RBOB gasoline (RBZ25 ) is up +0.0023 (+0.12%). Crude oil and gasoline prices gave up an early advance today and are mixed. Crude prices retreated today after weekly EIA crude supplies unexpectedly increased. Also, today's rally in...

Barchart

Crude Prices Slip on Dollar Strength and Stock Weakness

December WTI crude oil (CLZ25 ) on Tuesday closed down -0.49 (-0.80%), and December RBOB gasoline (RBZ25 ) closed up +0.0067 (+0.35%). Crude oil prices moved lower on Tuesday amid pressure from a stronger dollar, as the dollar index (DXY00 ) rallied to a 3-month high. Also, Tuesday's equity market...

Barchart

Crude Prices Undercut by Dollar Strength and Weakness in Stocks

December WTI crude oil (CLZ25 ) today is down -0.29 (-0.48%), and December RBOB gasoline (RBZ25 ) is up +0.0049 (+0.26%). Crude oil prices are under pressure today from a stronger dollar, with the dollar index (DXY00 ) climbing to a 3-month high. Today's slump in equity markets has also...

Barchart

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Crude Prices Move Higher as OPEC+ Pauses Production Hikes for Q1-2026

December WTI crude oil (CLZ25 ) today is up +0.35 (+0.57%), and December RBOB gasoline (RBZ25 ) is up +0.0189 (+0.99%). Crude oil prices have support today after OPEC+ on Sunday announced the expected December production hike, but then said production hikes will be halted in Q1. Crude oil prices...

Euronews

European markets rise, oil prices jump on OPEC+ decision

Key European stock indexes started the week with gains, boosted by the oil sector and expectations for a range of corporate earnings this week.

The Independent UK

Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026

Abu Dhabi has opened a major oil summit with optimism about rising energy prices

The Guardian - UK

UK factories return to growth after JLR restarts operations; US manufacturing exports hit by tariffs – as it happened

Rolling coverage of the latest economic and financial news, as Opec+ pauses oil output hikes beyond December amid fears of a crude glut

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Fortune

Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

Chevron cited more exploration efforts in Suriname, Brazil, Angola, Nigeria, Namibia, and the Middle East.

Barchart

Crude Prices Move Higher on Venezuelan Geopolitical Risks

December WTI crude oil (CLZ25 ) on Friday closed up +0.41 (+0.68%), and December RBOB gasoline (RBZ25 ) closed up +0.0082 (+0.43%). Crude oil and gasoline prices moved higher on Friday, with gasoline posting a 1-month high. Crude prices rose on Friday on reports that the US plans military strikes...

Barchart

Crude Prices Rise on Geopolitical Risks in Venezuela

December WTI crude oil (CLZ25 ) today is up +0.42 (+0.69%), and December RBOB gasoline (RBZ25 ) is up +0.0061 (+0.32%). Crude oil and gasoline prices are climbing today, with gasoline posting a 1-month high. Crude prices rose today on reports that the US plans military strikes on OPEC producer...

Barchart

Crude Prices Supported by Energy Demand Optimism

December WTI crude oil (CLZ25 ) on Thursday closed up +0.09 (+0.15%), and December RBOB gasoline (RBZ25 ) closed up +0.0019 (+0.10%). Crude oil and gasoline prices posted modest gains on Thursday. An easing of US-China trade tensions is supportive for economic growth prospects and energy demand after President Trump...

Barchart

Crude Prices Push Higher as Global Growth Prospects Improve

December WTI crude oil (CLZ25) today is up +0.11 (+0.18%), and December RBOB gasoline (RBZ25) is up +0.0008 (+0.04%). Crude oil and gasoline prices are slightly higher today. An easing of US-China trade tensions is supportive for economic growth prospects and energy demand after President Trump and President Xi Jinping...

Barchart

Crude Prices Supported by Sanctions on Russian Energy and Falling EIA Inventories

December WTI crude oil (CLZ25 ) on Wednesday closed up +0.33 (+0.55%), and December RBOB gasoline (RBZ25 ) closed up +0.0273 (+1.47%). Crude oil prices settled higher on Wednesday amid an outlook for tighter global oil supplies. Crude prices rose on expectations that President Trump will follow through and enforce...

Barchart

Crude Oil Pushes Higher on Tighter Russian Supplies and a Decline in EIA Inventories

December WTI crude oil (CLZ25 ) today is up +0.681 (+1.13%), and December RBOB gasoline (RBZ25 ) is up +0.0311 (+1.67%). Crude oil prices are moving higher today on the outlook for smaller global oil supplies, due to expectations that President Trump will follow through and enforce new oil sanctions...

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