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The Latest Breaking News from OPEC

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

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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

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...

Barchart

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.

Euronews

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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 Independent 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

The Guardian - UK

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.

Fortune

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

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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...

Barchart

Crude Oil Sees Support from Preliminary US-China Trade Deal

December WTI crude oil (CLZ25 ) is up +0.23 (+0.37%), and December RBOB gasoline (RBZ25 ) is up +0.0058 (+0.31%). Crude oil prices are trading higher today on economic optimism after news of a preliminary US-China trade agreement. Also, crude oil prices saw support after Ukrainian President Zelensky said Ukraine...

Barchart

Crude Oil Falls Back After Thursday's Rally on US and EU Sanctions on Russian Energy

December WTI crude oil (CLZ25 ) on Friday closed down -0.29 (-0.47%), and December RBOB gasoline (RBZ25 ) closed down -0.0043 (-0.23%). Crude oil and gasoline prices on Friday ran into some pre-weekend long liquidation pressure after the sharp gains seen on Wednesday and Thursday. Crude oil prices rallied after...

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Barchart

Crude Continues Higher on US and EU Sanctions on Russian Energy

December WTI crude oil (CLZ25 ) today is up +0.51 (+0.83%), and December RBOB gasoline (RBZ25 ) is up +0.0141 (+0.75%). Crude oil and gasoline prices today extended Thursday's sharp gains that occurred after the US and EU ramped up sanctions on Russian energy and energy infrastructure, raising the prospect...

Barchart

Crude Prices Soar on US and EU Sanctions on Russian Energy

December WTI crude oil (CLZ25 ) on Thursday closed up +3.29 (+5.62%), and December RBOB gasoline (RBZ25 ) closed up +0.0636 (+3.52%). Crude oil and gasoline prices rallied sharply on Thursday for a second day, with crude posting a 2-week high and gasoline posting a 3-week high. Crude prices surged...

Barchart

Crude Prices Soar as US and EU Ramp Up Sanctions on Russian Energy

December WTI crude oil (CLZ25 ) today is up +2.97 (+5.08%), and December RBOB gasoline (RBZ25 ) is up +0.0693 (+3.83%). Crude oil and gasoline prices are moving sharply higher today for a second day, with crude posting a 2-week high and gasoline posting a 3-week high. Crude prices soared...

Barchart

Crude Prices Jump on Possible US-India Trade Deal and Lower EIA Inventories

December WTI crude oil (CLZ25 ) on Wednesday closed up +1.26 (+2.20%), and December RBOB gasoline (RBZ25 ) closed up +0.0375 (+2.12%). Crude oil and gasoline prices rallied sharply on Wednesday, posting one-week highs. Crude prices jumped on Wednesday after India's Mint newspaper reported that the US and India are...

Barchart

Crude Oil Rallies on Possible US-India Trade Deal and Unexpected Draw in EIA Inventories

December WTI crude oil (CLZ25 ) today is up +1.17 (+2.04%), and December RBOB gasoline (RBZ25 ) is up +0.0352 (+1.99%). Crude oil and gasoline prices are up sharply today, reaching one-week highs. Crude prices jumped today after India's Mint newspaper reported that the US and India are nearing a...

Barchart

Crude Oil Gains on News the US Plans to Refill the SPR

November WTI crude oil (CLX25 ) on Tuesday closed up +0.30 (+0.52%), and November RBOB gasoline (RBX25 ) closed down -0.0049 (-0.27%). Crude oil and gasoline prices on Tuesday settled mixed. Crude found support on Tuesday on US plans to refill the Strategic Petroleum Reserve (SPR). Crude also garnered support...

Barchart

Crude Prices Slip on Dollar Strength and Ample Global Supplies

November WTI crude oil (CLX25 ) today is down -0.17 (-0.30%), and November RBOB gasoline (RBX25 ) closed down -0.0191 (-1.04%). Crude oil and gasoline prices gave up an early advance today and turned lower as the dollar (DXY00 ) strengthened. Crude is also being undercut by negative carryover from...

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