The Latest Breaking News from OPEC

Chevron delivered mixed earnings that highlight the cyclical nature of its business, but the company's solid fundamentals suggest this is a buying opportunity

June WTI crude oil (CLM25 ) Monday closed down -1.16 (-1.99%), and June RBOB gasoline (RBM25 ) closed up +0.0029 (+0.14%). Crude oil and gasoline prices on Monday settled mixed, with crude posting a 3-1/2 week low. Concern about a global crude oil supply glut weighed on oil prices Monday...

June WTI crude oil (CLM25 ) today is down -1.78 (-3.05%), and June RBOB gasoline (RBM25 ) is down -0.0327 (-1.62%). Crude oil and gasoline prices today are sharply lower, with crude falling to a 3-1/2 week low and gasoline dropping to a 3-week low. Concern about a global crude...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.47%. June E-mini S&P futures (ESM25 ) are down -0.36%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.82%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.81%. June E-mini S&P futures (ESM25 ) are down -0.88%, and June E-mini Nasdaq futures...

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.

Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, accelerating output increases in June. The move is expected to exacerbate a market surplus amid weakening demand driven by escalating US-China trade tensions.

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed.

A continued fall in the oil price and an underwhelming result from Westpac have weighed on the Australian bourse, ending a seven-day green streak.

Futures for the Dow Jones industrial average dropped 193 points, or 0.47%. Futures for the S&P 500 fell 0.52%, and Nasdaq futures eased 0.53%.

June WTI crude oil (CLM25 ) Friday closed down -0.95 (-1.60%), and June RBOB gasoline (RBM25 ) closed down -0.0293 (-1.43%). Crude oil and gasoline prices fell moderately on Friday after OPEC+ brought forward its meeting to discuss an increase in crude production, bolstering concerns about a global supply glut....