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The Latest Breaking News from OPEC

Crude Oil Sharply Higher as Iran War Disrupts Global Supplies

April WTI crude oil (CLJ26 ) on Tuesday closed up +3.33 (+4.67%), and April RBOB gasoline (RBJ26 ) closed up +0.0868 (+3.66%). Crude oil and gasoline prices rallied sharply for a second day on Tuesday, with crude posting an 8.5-month high and gasoline posting a 19-month high. The main bullish...

Barchart

What is the Strait of Hormuz, and why does its closure matter so much to the global economy?

The joint attack launched by the United States and Israel on Iran began on Feb. 27 and has sparked a fast-moving conflict that could expand across the Middle East.

The Conversation

Crude Oil Prices Soar as Strait of Hormuz Closed to Tanker Traffic

April WTI crude oil (CLJ26 ) today is up +5.66 (+7.95%), and April RBOB gasoline (RBJ26 ) is up +0.1189 (+5.02%). Crude oil and gasoline prices are sharply higher today for a second day, with crude posting an 8.5-month high and gasoline posting a 19-month high. The main bullish factor...

Barchart

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Crude Oil Sharply Higher on War in Iran

April WTI crude oil (CLJ26 ) on Monday closed up +4.21 (+6.28%), and April RBOB gasoline (RBJ26 ) closed up +0.0851 (+3.72%). Crude oil and gasoline prices rallied sharply on Monday, with crude posting an 8.25-month high and gasoline posting a 19-month high. The main bullish factor for crude prices...

Barchart

Crude Oil Prices Soar on War in Iran

April WTI crude oil (CLJ26 ) today is up +4.20 (+6.27%), and April RBOB gasoline (RBJ26 ) is up +0.0968 (+4.24%). Crude oil and gasoline prices are sharply higher today, with crude posting an 8.25-month high and gasoline posting a 19-month high. The main bullish factor for crude prices is...

Barchart

‘A world chained to fossil fuels’: Does the war on Iran prove it’s time to quit oil for good?

After Iran warned that the Strait of Hormuz was closed for navigation, climate groups have urged governments to focus on clean energy.

Euronews

Oil, gas and stocks fluctuate over Iran war – what does it mean for your money, pension and energy prices?

The latest conflict, which is spreading across the Middle East, will have a significant knock-on effect in terms of inflation, interest rates and commodity prices

The Independent UK

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Dow futures fall 350 points on U.S.-Iran conflict, but oil prices pare gains as Trump hints at sanctions relief for new leadership

"There is, however, a risk that the OPEC+ decision is moot if flows do not resume through the Strait of Hormuz."

Fortune

Oil prices fallout: OPEC producers boost output after Iran strikes

The boost is an early sign of how producers and companies will respond to U.S. and Israeli strikes on Iran.

Axios

Oil price expected to surge after Iran strikes and strait of Hormuz closure

Markets around the world could tumble on Monday and motorists are likely to pay more at the pump

The Guardian - UK

What is the strait of Hormuz and why is it crucial for oil supplies?

Effective closure of the narrow waterway could spell trouble for many developed economies

The Guardian - UK

How the U.S. attack on Iran could shake oil prices

Americans are about to feel the impact of the military strikes.

Axios

Crude Oil Prices Finish Sharply Higher on US-Iran War Jitters

April WTI crude oil (CLJ26 ) on Friday closed up +1.81 (+2.78%), and April RBOB gasoline (RBJ26 ) closed up +0.0318 (+1.41%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 7-month high and gasoline posting an 8-month high. Concerns about a potential US strike on...

Barchart

Crude Oil Prices Rally on US-Iran Tensions

April WTI crude oil (CLJ26 ) today is up +1.45 (+2.22%), and April RBOB gasoline (RBJ26 ) is up +0.0271 (+1.20%). Crude oil and gasoline prices are moving sharply higher today, with crude posting a 7-month high and gasoline posting an 8-month high. Concerns about a potential US strike on...

Barchart

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Crude Oil Prices Settle Lower as US-Iranian Nuclear Talks to Continue

April WTI crude oil (CLJ26 ) on Thursday closed down -0.21 (-0.32%), and April RBOB gasoline (RBJ26 ) closed up +0.0079 (+0.35%). Crude oil and gasoline prices settled mixed on Thursday in volatile trade, with crude falling to a 1-week low. Crude prices whipsawed between higher and lower, then lower...

Barchart

Crude Oil Prices Whipsaw Higher on Tense US-Iranian Nuclear Talks

April WTI crude oil (CLJ26 ) today is up +1.01 (+1.54%), and April RBOB gasoline (RBJ26 ) is up +0.0256 (+1.14%). Crude oil and gasoline prices recovered from early losses and whipsawed higher on signs that talks between the US and Iran remain tense, sparking fears that the US could...

Barchart

Crude Oil Prices Pressured by a Surge in Weekly EIA Inventories

April WTI crude oil (CLJ26 ) on Wednesday closed down -0.21 (-0.32%), and April RBOB gasoline (RBJ26 ) is up +0.0152 (+0.68%). Crude oil and gasoline prices gave up an early advance on Wednesday and settled mixed. Wednesday's bearish EIA inventory report weighed on crude oil prices. However, dollar weakness...

Barchart

Crude Oil Prices Fall as the Dollar Strengthens and Geopolitical Risks Ease

April WTI crude oil (CLJ26 ) on Tuesday closed down -0.68 (-1.03%), and April RBOB gasoline (RBJ26 ) closed down -0.0163 (-0.73%). Crude oil and gasoline prices settled lower on Tuesday amid a stronger dollar. Crude prices also retreated as geopolitical risks eased slightly over an imminent US attack on...

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Crude Oil Prices Under Pressure on Dollar Strength and Easing Geopolitical Risks

April WTI crude oil (CLJ26 ) today is down -0.27 (-0.41%), and April RBOB gasoline (RBJ26 ) is down -0.0111 (-0.49%). Crude oil and gasoline prices are moving lower today amid a stronger dollar. Crude prices also fell as geopolitical risks eased slightly over an imminent US attack on Iran...

Barchart

Crude Oil Prices Fall Back on Energy Demand Concerns

April WTI crude oil (CLJ26 ) on Monday closed down -0.17 (-0.26%), and April RBOB gasoline (RBJ26 ) closed up +0.0035 (+0.16%). Crude oil and gasoline prices gave up early gains on Monday and settled mixed, with crude retreating from a 6.5-month high. Monday's slump in equity markets undercuts confidence...

Barchart

Crude Oil Prices Supported by Geopolitical Risks

April WTI crude oil (CLJ26 ) today is up +0.54 (+0.81%), and April RBOB gasoline (RBJ26 ) is up +0.0161 (+0.72%). Crude oil and gasoline prices are moving higher today, with crude climbing to a 6.5-month high. Dollar weakness today is supportive for energy prices. Also, ongoing geopolitical risks in...

Barchart

Energy Demand Concerns Weigh on Crude Oil Prices

March WTI crude oil (CLH26 ) on Friday closed down -0.04 (-0.06%), and March RBOB gasoline (RBH26 ) closed down -0.0093 (-0.46%). Crude oil and gasoline prices settled lower on Friday amid concerns about energy demand after the US Q4 GDP grew at a slower-than-expected pace. However, losses in crude...

Barchart

Crude Oil Prices Pull Back on Energy Demand Concerns

March WTI crude oil (CLH26 ) today is down -0.47 (-0.71%), and March RBOB gasoline (RBH26 ) is down -0.0070 (-0.35%). Crude oil and gasoline prices are moving lower today amid concerns about energy demand after US Q4 GDP grew at a slower-than-expected pace. However, losses in crude are limited...

Barchart

Crude Oil Prices Supported by Heightened Geopolitical Risks and Falling US Supplies

March WTI crude oil (CLH26 ) on Thursday closed up +1.24 (+1.90%), and March RBOB gasoline (RBH26 ) closed up +0.0386 (+1.96%). Crude oil and gasoline prices added to Wednesday’s sharp rally on Thursday, with crude climbing to a 6.5-month high and gasoline posting a 1-week high. Mounting geopolitical risks...

Barchart

Crude Oil Prices Jump on Heightened Geopolitical Risks and Falling US Supplies

March WTI crude oil (CLH26 ) today is up +1.58 (+2.42%), and March RBOB gasoline (RBH26 ) is up +0.0311 (+1.58%). Crude oil and gasoline prices added to Wednesday’s sharp rally today, with crude climbing to a 6.5-month high and gasoline posting a 1-week high. Mounting geopolitical risks in the...

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