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The Latest Breaking News from OPEC

'Bombshell' OPEC+ Output Hike Hits Oil Price

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.

International Business Times

Aussie shares see red as energy, banks snap winning run

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.

AAP

Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices

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%.

Fortune

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read the most diverse news in one place.

Crude Prices Settle Lower as OPEC+ Discusses a Crude Production Hike

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....

Barchart

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

Fortune

Crude Prices Fall on Speculation that OPEC+ Will Boost Crude Production

June WTI crude oil (CLM25 ) today is down -0.90 (-1.52%), and June RBOB gasoline (RBM25 ) is down -0.0314 (-1.53%). Crude oil and gasoline prices today are moderately lower after OPEC+ brought forward its meeting to discuss an increase in crude production, bolstering concerns about a global supply glut....

Barchart

Crude Prices Climb as a Stock Rally Boosts Market Sentiment

June WTI crude oil (CLM25 ) Thursday closed up +1.03 (+1.77%), and June RBOB gasoline (RBM25 ) closed up +0.0315 (+1.56%). Crude oil and gasoline prices recovered from early losses on Thursday and posted moderate gains. Short covering emerged in crude oil Thursday after US stocks rallied sharply, which boosted...

Barchart

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Crude Prices Recover as Risk-On Sentiment Improves in Asset Markets

June WTI crude oil (CLM25 ) today is up +0.41 (+0.70%), and June RBOB gasoline (RBM25 ) is up +0.0196 (+0.97%). Crude oil and gasoline prices today recovered from early losses and are moderately higher. Short covering emerged in crude oil today after US stocks rallied sharply, which boosted risk-on...

Barchart

Crude Prices Plunge on Reports Saudi Arabia Can Sustain a Period of Low Oil Prices

June WTI crude oil (CLM25 ) Wednesday closed down -2.21 (-3.66%), and June RBOB gasoline (RBM25 ) closed down -0.0393 (-1.91%). Crude oil and gasoline prices on Wednesday extended this week’s sharp losses, with crude sinking to a 3-week low and gasoline tumbling to a 2-week low. Concerns about global...

Barchart

Crude Oil Prices Fall Sharply on Energy Demand Concerns

June WTI crude oil (CLM25 ) Tuesday closed down -1.63 (-2.63%), and June RBOB gasoline (RBM25 ) closed down -0.0368 (-1.76%). Crude oil and gasoline prices on Tuesday fell sharply, with crude dropping to a 1-1/2 week low. Tuesday's weaker-than-expected US job openings and consumer confidence reports were negative for...

Barchart

Weak US Economic Reports Weigh on Crude Oil Prices

June WTI crude oil (CLM25) today is down -1.07 (-1.72%), and June RBOB gasoline (RBM25) is down -0.0331 (-1.58%). Crude oil and gasoline prices today are sharply lower, with crude dropping to a 1-1/2 week low. Today's weaker-than-expected US job openings and consumer confidence reports were negative for economic growth...

Barchart

Crude Prices Post Moderate Losses on US-China Trade War and Iranian Nuclear Negotiations

June WTI crude oil (CLM25 ) Monday closed down -0.97 (-1.54%), and June RBOB gasoline (RBM25 ) closed down -0.0134 (-0.64%). Crude oil and gasoline prices posted moderate losses on Monday. Oil prices fell because of concern that the US-China trade war would persist after President Trump said the US...

Barchart

Crude Prices Pressured by US-China Trade War and Iranian Nuclear Negotiations

June WTI crude oil (CLM25 ) today is down -1.09 (-1.73%), and June RBOB gasoline (RBM25 ) is down -0.0184 (-0.87%). Crude oil and gasoline prices today are sharply lower. Oil prices are lower on concern that the US-China trade war will persist after President Trump said the US would...

Barchart

Crude Prices Moderately Higher on Hopes of De-Escalation of Tariffs

June WTI crude oil (CLM25 ) Friday closed up +0.23 (+0.37%), and June RBOB gasoline (RBM25 ) closed up +0.0109 (+0.52%). Crude oil and gasoline prices settled moderately higher on Friday. The hope that the US-China trade war would de-escalate gave crude prices a boost after Bloomberg reported that the...

Barchart

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Barchart

Crude Prices Dip on Dollar Strength and Concern the US-China Trade War Persists

June WTI crude oil (CLM25 ) today is down -0.10 (-0.16%), and June RBOB gasoline (RBM25 ) is up +0.0067 (+0.32%). Crude oil and gasoline prices today are mixed. Today's stronger dollar is weighing on energy prices. Crude prices are also under pressure on concern the China-US trade war will...

Barchart

Dollar Weakness and Stock Gains Lift Crude Prices

June WTI crude oil (CLM25 ) Thursday closed up +0.52 (+0.84%), and June RBOB gasoline (RBM25 ) closed up +0.0220 (+1.06%). Crude oil and gasoline prices on Thursday posted moderate gains. Thursday's weaker dollar supported energy prices. Also, Thursday's stock strength shows confidence in the economic outlook supporting energy demand....

Barchart

Crude Moderately Higher on Dollar Weakness and Stock Gains

June WTI crude oil (CLM25 ) today is up +0.21 (+0.34%), and June RBOB gasoline (RBM25) is up +0.0069 (+0.33%). Crude oil and gasoline prices today are moderately higher. Today's weaker dollar (DXY00 ) is supporting energy prices. Also, today's strength in stocks shows confidence in the economic outlook that...

International Business Times

UK Hosts Global Energy Summit With Renewables Under Attack

An international summit on the future of energy security opens in London on Thursday amidst major disagreements over the role of renewables in satisfying the world's thirst for energy.

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Barchart

Crude Prices Fall on Fears of Global Oversupply

June WTI crude oil (CLM25 ) Wednesday closed down -1.40 (-2.20%), and June RBOB gasoline (RBM25 ) closed down -0.0165 (-0.79%). Crude oil and gasoline prices on Wednesday fell back from 2-1/2 week highs and settled moderately lower. Wednesday's stronger dollar is bearish for energy prices. Crude also came under...

Barchart

Crude Prices Retreat as Some OPEC+ Members Seek to Boost Crude Oil Output

June WTI crude oil (CLM25 ) today is down -1.82 (-2.86%), and May RBOB gasoline (RBK25 ) is down -0.0265 (-1.27%). Crude oil and gasoline prices today fell back from 2-1/2 week highs and are sharply lower. Today's stronger dollar is bearish for energy prices. Crude also came under pressure...

Fortune

Halliburton CEO: Risk and Trump tariff uncertainty dominate oil markets despite overall bullishness

Crude prices, tariffs contribute to a North American slowdown for Halliburton and the industry.

Barchart

Crude Prices Climb as Market Sentiment Improves

May WTI crude oil (CLK25 ) Tuesday closed up +1.23 (+1.95%), and May RBOB gasoline (RBK25 ) closed up +0.0343 (+1.66%). Crude oil and gasoline prices on Tuesday settled moderately higher. Tuesday's stock rebound improved confidence in the economic outlook and boosted risk-on sentiment in asset markets, lifting crude prices....

Barchart

Crude Prices Supported as Asset Markets Recover

May WTI crude oil (CLK25 ) today is up +1.45 (+2.30%), and May RBOB gasoline (RBK25 ) is up +0.0397 (+1.92%). Crude oil and gasoline prices today are sharply higher. Today's stock rebound has improved confidence in the economic outlook and boosted risk-on sentiment in asset markets, lifting crude prices....

Barchart

Crude Prices Fall as Risk-Off Sentiment Weighs on Commodities

May WTI crude oil (CLK25 ) Monday closed down -1.60 (-2.47%), and May RBOB gasoline (RBK25 ) closed down -0.0335 (-1.60%). Crude oil and gasoline prices on Monday settled moderately lower. Monday's plunge in equity markets sparked risk-off sentiment in asset markets and weighed on energy prices. Also, the ongoing...

Barchart

Risk-Off Sentiment in Asset Markets Weighs on Crude Prices

May WTI crude oil (CLK25 ) today is down -1.67 (-2.58%), and May RBOB gasoline (RBK25 ) is down -0.0408 (-1.94%). Crude oil and gasoline prices today are moderately lower. Today's stock sell-off has sparked risk-off sentiment in asset markets and is weighing on energy prices. Also, the ongoing US-China...

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