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The Latest Breaking News from OPEC

Crude Prices Tumble as Prospects Improve for a US-Iran Nuclear Deal

June WTI crude oil (CLM25 ) today is down -1.73 (-2.74%) and June RBOB gasoline (RBM25 ) is down -0.0442 (-2.04%). Crude oil and gasoline prices today are sharply lower after President Trump said the US and Iran are getting closer to a nuclear deal, which could ease sanctions on...

Barchart

Crude Prices Pressured as Weekly EIA Crude Inventories Increase

June WTI crude oil (CLM25 ) Wednesday closed down -0.52 (-0.82%) and June RBOB gasoline (RBM25 ) closed up +0.0040 (+0.18%). Crude oil and gasoline prices on Wednesday settled mixed, with gasoline climbing to a 6-week high. Crude prices fell Wednesday after weekly EIA crude inventories unexpectedly increased last week....

Barchart

Crude Prices Slip as Weekly EIA Crude Inventories Unexpectedly Climb

June WTI crude oil (CLM25 ) today is down -0.67(-1.05%) and June RBOB gasoline (RBM25 ) is down -0.0026 (-0.12%). Crude oil and gasoline prices today are moving lower after weekly EIA crude inventories unexpectedly increased last week. Also, comments from President Trump weighed on crude oil when he said...

Barchart

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Crude Sharply Higher on Dollar Weakness and Additional US Sanctions on Iranian Oil

June WTI crude oil (CLM25 ) Tuesday closed up +1.72 (+2.78%), and June RBOB gasoline (RBM25 ) closed up +0.0329 (+1.54%). Crude oil and gasoline prices Tuesday settled sharply higher, with crude posting a 2-week high and gasoline posting a 6-week high. Dollar weakness Tuesday supported energy prices as did...

Barchart

Crude Prices Gain on Dollar Weakness and Additional US Sanctions on Iranian Oil

June WTI crude oil (CLM25 ) today is up +1.30 (+2.10%), and June RBOB gasoline (RBM25 ) is up +0.0211 (+0.99%). Crude oil and gasoline prices today are moving sharply higher due to a weaker dollar and a rally in stocks, which shows confidence in the economic outlook that is...

Barchart

Easing US-China Trade Tensions Boost Crude Prices

June WTI crude oil (CLM25 ) Monday closed up +0.93 (+1.52%), and June RBOB gasoline (RBM25 ) closed up +0.0247 (+1.17%). Crude oil and gasoline prices on Monday settled sharply higher, with crude posting a 2-week high and gasoline posting a 6-week high. Crude prices rallied sharply Monday after the...

Barchart

Crude Prices Jump on Reduced US-China Trade Tensions

June WTI crude oil (CLM25 ) today is up +1.28 (+2.10%), and June RBOB gasoline (RBM25 ) is up +0.0288 (+1.37%). Crude oil and gasoline prices today are sharply higher, with crude climbing to a 2-week high and gasoline climbing to a 6-week high. Crude prices are rallying today after...

Barchart

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Saudi Arabian oil giant Aramco takes hit due to lagging oil prices

Saudi Arabia has also pledged to invest hundreds of billions in the US over the course of Donald Trump's second term.

Euronews

Crude Rallies on US-China Trade Talk Optimism

June WTI crude oil (CLM25 ) Friday closed up +1.11 (+1.85%), and June RBOB gasoline (RBM25 ) closed up +0.0230 (+1.10%). Crude oil and gasoline prices on Friday rallied to 1-1/2 week highs and settled moderately higher. Friday's weaker dollar was bullish for energy prices. Also, optimism about this weekend's...

Barchart

Crude Climbs on Dollar Weakness and US-China Trade Talk Optimism

June WTI crude oil (CLM25 ) today is up +0.70 (+1.17%), and June RBOB gasoline (RBM25 ) is up +0.0131 (+0.63%). Crude oil and gasoline prices today added to Thursday's sharp gains and climbed to 1-1/2 week highs. Today's dollar weakness is bullish for energy prices. Also, optimism about this...

Barchart

Crude Settles Sharply Higher as the US-UK Trade Deal Boosts Economic Optimism

June WTI crude oil (CLM25 ) Thursday closed up +1.84 (+3.17%), and June RBOB gasoline (RBM25 ) closed up +0.0575 (+2.84%). Crude oil and gasoline prices on Thursday settled sharply higher after President Trump announced a trade deal with the UK, which eased trade tensions and bolstered optimism that more...

Barchart

Crude Oil Rallies on News of a US-UK Trade Deal

June WTI crude oil (CLM25 ) today is up +1.66 (+2.86%), and June RBOB gasoline (RBM25 ) is up +0.0522 (+2.57%). Crude oil and gasoline prices today are moderately higher after President Trump announced a trade deal with the UK, which eased trade tensions and bolstered optimism that more trade...

Barchart

Oil Prices Fall on Oversupply Fears and Reduced Trade and Geopolitical Tensions

June WTI crude oil (CLM25 ) Wednesday closed down -1.02 (-1.73%), and June RBOB gasoline (RBM25 ) closed down -0.0367 (-1.78%). Crude oil and gasoline prices on Wednesday gave up an early advance and posted moderate losses due to the dollar's strength and an easing of geopolitical tensions in the...

Barchart

Crude Prices Pressured by Dollar Strength and Oversupply Fears

June WTI crude oil (CLM25 ) today is down -0.45 (-0.76%), and June RBOB gasoline (RBM25 ) is down -0.0319 (-1.55%). Crude oil and gasoline prices today gave up an early advance and turned lower due to the dollar's strength. Crude prices today initially moved higher in hopes of easing...

Barchart

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The Guardian - AU

Global oil prices have plunged. So when will Australian motorists see cheaper petrol?

Analysts predict bowser prices for regular unleaded to come down to temporary lows of near 160c per litre in major cities

Barchart

Crude Prices Rally as Oversupply Fears Recede

June WTI crude oil (CLM25 ) Tuesday closed up +1.96 (+3.43%), and June RBOB gasoline (RBM25 ) closed up +0.0417 (+2.06%). Crude oil and gasoline prices settled sharply higher on Tuesday. Tuesday's weaker dollar is bullish for energy prices. Also, short covering emerged to push crude prices higher Tuesday on...

Fortune

A top CEO declared the U.S. oil industry has 'peaked'

“We’re a little over 100 days into this new administration and, ‘Good Lord.' There’s been a tremendous amount of volatility introduced."

Barchart

Crude Prices Jump on Signs US Oil Production Will Decline

June WTI crude oil (CLM25 ) today is up +2.47 (+4.32%), and June RBOB gasoline (RBM25 ) is up +0.0543 (+2.68%). Crude oil and gasoline prices today are sharply higher. Today's weaker dollar is bullish for energy prices. Also, short covering emerged to push crude prices higher today on concern...

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MarketBeat

Chevron’s Fundamentals Shine Through Market Turmoil

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

Barchart

Crude Prices Pressured as OPEC+ Boosts Production

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...

Barchart

Crude Prices Sink on Concerns About a Global Oil Glut

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...

Barchart

Trade War Risks Weigh on Stocks

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...

Barchart

Stocks Slide on US Trade Uncertainty

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...

International Business Times

Oil Prices Slide After OPEC+ Output Hike

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.

Euronews

Oil prices plunge to multi-year low as OPEC+ plans to accelerate production hikes

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.

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