The Latest Breaking News from OPEC

Crude Oil Prices Rise on Dollar Weakness and Geopolitical Risks

March WTI crude oil (CLH26 ) today is up +0.79 (+1.25%), and March RBOB gasoline (RBH26 ) is up +0.0291 (+1.51%). Crude oil and gasoline prices recovered from early losses today and moved higher after the dollar weakened. Also, concerns that the US-Iranian talks in Oman will not lead to...

Barchart · Feb 6

If Australia and Indonesia agreed to end new thermal coal mines, it could drive the green transition.

In the 1960s, major oil-producing nations formed a cartel to drive up the price of oil. It worked. For decades, nations in the Organization of the Petroleum Exporting Countries (OPEC) have agreed to manage supply and raise prices.

The Conversation · Feb 5

Dollar Strength and Easing Iran Tensions Undercut Crude Prices

March WTI crude oil (CLH26 ) on Thursday closed down -1.85 (-2.84%), and March RBOB gasoline (RBH26 ) closed down -0.0386 (-1.96%). Crude oil and gasoline prices fell sharply on Thursday after the dollar index (DXY00 ) rallied to a 1.5-week high. Also, US-Iran tensions eased, weighing on crude prices,...

Barchart · Feb 5

Crude Prices Recover on Dollar Weakness and US-Iran Tensions

March WTI crude oil (CLH26 ) today is up +0.72 (+1.16%), and March RBOB gasoline (RBH26 ) is up +0.0355 (+1.92%). Crude oil and gasoline prices recovered from early losses today and moved higher as the dollar weakened. Also, ongoing US-Iran tensions are underpinning crude prices, as is a US-India...

Barchart · Feb 3

Dollar Strength and Easing Iran Tensions Hammer Crude Prices

March WTI crude oil (CLH26 ) on Monday closed down -3.07 (-4.71%), and March RBOB gasoline (RBH26 ) closed down -0.0908 (-4.68%). Crude oil and gasoline prices sold off sharply on Monday amid a stronger dollar and easing geopolitical risks in the Middle East. The dollar index (DXY00 ) rallied...

Barchart · Feb 2

Crude Prices Tumble on Dollar Strength and Easing Geopolitical Risks

March WTI crude oil (CLH26 ) today is down -3.27 (-5.01%), and March RBOB gasoline (RBH26 ) is down -0.0887 (-4.57%). Crude oil and gasoline prices are sharply lower today amid a stronger dollar and easing geopolitical risks in the Middle East. The dollar index (DXY00 ) climbed to a...

Barchart · Feb 2

Crude Prices Falter as President Trump Dials Down Rhetoric on Iran

March WTI crude oil (CLH26 ) on Friday closed down -0.21 (-0.32%), and March RBOB gasoline (RBH26 ) closed up +0.0069 (+0.36%). Crude oil prices gave up an early advance and turned lower after President Trump ratcheted down the war rhetoric over Iran and said he had overnight discussions with...

Barchart · Jan 30

Iran Tensions Underpin Crude Prices

March WTI crude oil (CLH26 ) today is up +0.45 (+0.69%), and March RBOB gasoline (RBH26 ) is up +0.0193 (+1.00%). Crude oil and gasoline prices are moving higher today, but remain below Thursday's highs. Geopolitical risks in the Middle East are underpinning crude prices after President Trump warned Iran...

Barchart · Jan 30

Crude Prices Surge as President Trump Ramps Up Pressure on Iran

March WTI crude oil (CLH26 ) on Thursday closed up +2.21 (+3.50%), and March RBOB gasoline (RBH26 ) closed up +0.0312 (+1.64%). Crude oil and gasoline prices added to this week's sharp gains on Thursday, with crude oil climbing to a 4.25-month high and gasoline climbing to a 2-month high....

Barchart · Jan 29

Escalation of Iran Tensions Boosts Crude Prices

March WTI crude oil (CLH26 ) today is up +2.05 (+3.26%), and March RBOB gasoline (RBH26 ) is up +0.0196 (+1.03%). Crude oil and gasoline prices added to this week's sharp gains today, with crude oil climbing to a 4.25-month high and gasoline climbing to a 2-month high. Geopolitical risks...

Barchart · Jan 29