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The Latest Breaking News from OPEC

Oil prices record steepest annual fall since Covid pandemic

After biggest loss for producers since 2020 the slide could continue, with global output expected to remain high

The Guardian - UK

Crude Prices Fall on Abundant Supplies and Dollar Strength

February WTI crude oil (CLG26 ) on Wednesday closed down -0.53 (-0.91%), and February RBOB gasoline (RBG26 ) closed down -0.0180 (-1.04%). Crude oil and gasoline prices gave up an early advance and retreated on Wednesday on a mostly bearish weekly EIA inventory report. Also, Wednesday's rally in the dollar...

Barchart

Crude Prices Erase Early Gains on a Bearish EIA Inventory Report

February WTI crude oil (CLG26 ) today is down -0.03 (-0.05%), and February RBOB gasoline (RBG26 ) is down -0.0196 (-1.13%). Crude oil and gasoline prices gave up an early advance and turned lower today on a mostly bearish weekly EIA inventory report. Also, today's rally in the dollar index...

Barchart

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Crude Oil Prices Turn Lower as the Dollar Strengthens

February WTI crude oil (CLG26 ) on Tuesday closed down -0.13 (-0.22%), and February RBOB gasoline (RBG26 ) closed up +0.0053 (+0.31%). Crude oil and gasoline prices settled mixed on Tuesday. Crude prices gave up an early advance and turned lower Tuesday after the dollar index (DXY00 ) climbed to...

Barchart

Crude Oil Prices Supported by Global Geopolitical Risks

February WTI crude oil (CLG26 ) today is up +0.23 (+0.40%), and February RBOB gasoline (RBG26 ) is up +0.0126 (+0.73%). Crude oil prices added to Monday's sharp gains today as global geopolitical risks from Venezuela, Nigeria, and Russia persist. Also, expectations that OPEC+ will stick with plans to pause...

Barchart

Crude Oil Prices Climb as Talks to End Ukraine War Failed to Yield a Breakthrough

February WTI crude oil (CLG26 ) on Monday closed up +1.34 (+2.36%), and February RBOB gasoline (RBG26 ) closed up +0.0203 (+1.19%). Crude oil prices settled sharply higher on Monday after weekend talks to end the Ukraine-Russian war failed to yield a breakthrough. Also, hopes of stronger Chinese energy demand...

Barchart

Crude Oil Prices Rally on no Breakthrough to end the Ukraine War

February WTI crude oil (CLG26 ) today is up +1.43 (+2.52%), and February RBOB gasoline (RBG26 ) is up +0.0337 (+1.97%). Crude oil prices are moving sharply higher today after weekend talks to end the Ukraine-Russian war failed to yield a breakthrough. Also, hopes of stronger Chinese energy demand are...

Barchart

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Crude Oil Prices Fall on Possible Progress on Ukraine-Russia Peace Deal

February WTI crude oil (CLG26 ) today is down -1.02 (-1.75%), and February RBOB gasoline (RBG26 ) is down -0.0306 (-1.74%). Crude oil prices are sharply lower due to possible progress on a Ukraine-Russia peace deal. Ukrainian President Zelensky said he expects to meet with President Trump on Sunday in...

Barchart

Crude Oil Prices End Little Changed But See Continued Support From Recent Oil Tanker Disruptions

February WTI crude oil (CLG26 ) on Wednesday closed down -0.03 (-0.05%), and February RBOB gasoline (RBG26 ) closed up +0.0040 (+0.23%). Crude oil closed little changed on Wednesday, but rallied earlier in the week on concern about oil risks related to Venezuela and Ukraine-Russia. Crude prices have carry-over support...

Barchart

Crude Oil Prices Continue Higher on Recent Oil Tanker Disruptions

February WTI crude oil (CLG26 ) today is up +0.06 (+0.10%), and February RBOB gasoline (RBG26 ) is up +0.0055 (+0.31%). Crude oil today extended this week's rally, which has been driven by concern about oil risks related to Venezuela and Ukraine-Russia. Crude prices have carry-over support from last Friday's...

Barchart

Why is Crude Oil Stuck in Neutral?

Crude oil prices had gone nowhere fast and remained in a trading range around the $60 per barrel pivot point on the nearby NYMEX WTI contract. While the 2025 trend is bearish, the price only marginally eclipsed the critical technical support level at the April 2025 low in December.

Barchart

Crude Oil Prices Continue Higher on Recent Oil Tanker Disruptions

January WTI crude oil (CLF26 ) today is up +0.51 (+0.91%), and January RBOB gasoline (RBF26 ) is down -0.0024 (-0.14%). Crude oil today is higher on continued concern about oil risks related to Venezuela and Ukraine-Russia. Other bullish factors included the weaker dollar and the slightly stronger stock market....

Barchart

Crude Oil Prices Higher on Oil Tanker Disruptions

January WTI crude oil (CLF26) on Monday closed up +0.51 (+0.91%), and January RBOB gasoline (RBF26) closed up +0.0340 (+1.99%). Crude oil on Monday rallied on geopolitical risks in Venezuela and Ukraine-Russia. Other bullish factors included the weaker dollar and the stronger stock market. Crude prices had carry-over support from...

Barchart

Crude Oil Prices Higher on Venezuelan and Ukraine-Russia Risks

January WTI crude oil (CLF26 ) today is up +0.51 (+0.91%), and January RBOB gasoline (RBF26 ) is up +0.0309 (+1.81%). Crude oil is higher today on continued geopolitical risks in Venezuela and Ukraine-Russia. Also, today's higher trading in the US stock market is supportive of the outlook for the...

Barchart

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Barchart

Crude Oil Prices Settle Higher on Heightened Geopolitical Risks

January WTI crude oil (CLF26 ) on Friday closed up +0.51 (+0.91%), and January RBOB gasoline (RBF26 ) closed up +0.0069 (+0.41%). Crude oil and gasoline prices settled higher on Friday. Crude prices are supported amid heightened geopolitical risks in Venezuela and Russia. Also, Friday's stock rally boosts optimism about...

Barchart

Crude Oil Prices Rise on Geopolitical Risks and Energy Demand Optimism

January WTI crude oil (CLF26 ) today is up +0.28 (+0.50%), and January RBOB gasoline (RBF26 ) is up +0.0006 (+0.04%). Crude oil and gasoline prices are stronger today. Crude prices are supported amid heightened geopolitical risks in Venezuela and Russia. Also, today's stock rally boosts optimism about the economic...

Barchart

Crude Oil Prices Supported by Geopolitical Tensions

January WTI crude oil (CLF26 ) on Thursday closed up +0.21 (+0.38%), and January RBOB gasoline (RBF26 ) closed up +0.0070 (+0.41%). Crude oil and gasoline prices settled higher on Thursday amid heightened geopolitical risks in Venezuela and Russia. Also, Thursday's sharp rally in stocks boosted optimism about the economic...

Barchart

Geopolitical Tensions Support Crude Oil Prices

January WTI crude oil (CLF26 ) today is up +0.57 (+1.02%), and January RBOB gasoline (RBF26 ) is up +0.0134 (+0.79%). Crude oil and gasoline prices are rising today amid heightened geopolitical risks in Venezuela and Russia. Also, today's sharp rally in stocks boosts optimism about the economic outlook, which...

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news in one place.

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Barchart

Crude Prices Rise as Global Geopolitical Risks Escalate

January WTI crude oil (CLF26 ) on Wednesday closed up +0.67 (+1.21%), and January RBOB gasoline (RBF26 ) closed up +0.0134 (+0.80%). Crude oil and gasoline prices rose on Wednesday amid heightened geopolitical risks in Venezuela and Russia. President Trump ordered a blockade of sanctioned tankers off Venezuela, and the...

Barchart

Rising Global Geopolitical Tensions Lift Crude Prices

January WTI crude oil (CLF26 ) today is up +0.76 (+1.38%), and January RBOB gasoline (RBF26 ) is up +0.0166 (+0.99%). Crude oil and gasoline prices are rising today amid heightened geopolitical risks in Venezuela and Russia. President Trump ordered a blockade of sanctioned tankers off Venezuela, and the US...

Fortune

Prices at the pump are the lowest since the pandemic and still falling—just in time for record-high holiday travel

Fuel and crude prices are near five-year lows as global oil output led by OPEC and the U.S. continues to rise.

Barchart

Crude Prices Plunge on Demand Concerns Amid Mounting Oil Supplies

January WTI crude oil (CLF26 ) on Tuesday closed down -1.55 (-2.73%), and January RBOB gasoline (RBF26 ) closed down -0.0514 (-2.97%). Crude oil and gasoline prices sold off on Tuesday, falling to 4.75-year nearest-futures lows. Concerns about global energy demand and expectations for a worldwide oil glut are weighing...

Evening Standard

FTSE 100 dips as BP and Shell fall amid oil slide

Figures from the ONS showed the unemployment rate rose to 5.1% in the three months to October, up from 5% in the three months to September.

Barchart

Crude Prices Tumble on Global Oil Glut Fears and Peace Talks in Ukraine

January WTI crude oil (CLF26 ) today is down -1.63 (-2.87%), and January RBOB gasoline (RBF26 ) is down -0.0506 (-2.92%). Crude oil and gasoline prices are selling off today, falling to 4.75-year nearest-futures lows. Concerns about global energy demand and expectations for a worldwide oil glut are weighing on...

Barchart

Energy Demand Concerns Undercut Crude Oil Prices

January WTI crude oil (CLF26 ) on Monday closed down -0.62 (-1.08%), and January RBOB gasoline (RBF26 ) closed down -0.0198 (-1.13%). Crude oil and gasoline prices were under pressure on Monday, with crude oil falling to a 1.75-month low and gasoline posting a 4.75-year nearest-futures low. Concerns about global...

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