The Latest Breaking News from OPEC

Nearby NYMEX crude oil prices reached a 2024 high in mid-April. After falling to an early June low, prices recovered to a lower high in early July, where they ran out of upside steam. As the fall and winter approach, crude oil is trending lower, but the upcoming U.S. election…

Sep WTI crude oil (CLU24 ) on Thursday closed up +0.96 (+1.28%), and Sep RBOB gasoline (RBU24 ) closed up +4.19 (+1.78%). Crude oil and gasoline prices posted moderate gains on Thursday. Crude oil prices rallied on reduced US recessionary fears after weekly jobless claims fell more than expected. Crude...

Sep WTI crude oil (CLU24 ) today is up +0.23 (+0.32%), and Sep RBOB gasoline (RBU24 ) is up +0.60 (+0.26%). Crude oil and gasoline prices today are mildly higher. Today's rebound in US equity markets sparked risk-on sentiment that boosted most asset markets. Also, reduced oil supplies from Libya...

Saudi oil giant Aramco on Tuesday reported net income of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued.

Sep WTI crude oil (CLU24 ) on Monday closed down -0.58 (-0.79%), and Sep RBOB gasoline (RBU24 ) closed up +1.60 (+0.69%). Crude oil and gasoline prices Monday were under pressure, as crude posted a 6-month nearest-futures low and gasoline posted a 5-month low. Monday's slump in global equity markets...

With robust demand and supply expectations, geopolitical instability and extended OPEC+ production cuts have positioned the oil and gas market for strong growth. Hence, quality energy stocks Marathon Oil (MRO), Cenovus Energy (CVE), and Energy Transfer (ET) with solid upside could be ideal investment choices. Read more.

Sep WTI crude oil (CLU24 ) today is down -0.66 (-0.90%), and Sep RBOB gasoline (RBU24 ) is down -0.91 (-0.39%). Crude oil and gasoline prices today are under pressure, with crude posting a 6-month nearest-futures low and gasoline posting a 5-month low. Today's slump in global equity markets has...

Sep WTI crude oil (CLU24 ) on Friday closed down -2.79 (-3.66%), and Sep RBOB gasoline (RBU24 ) closed down -8.04 (-3.35%). Crude oil and gasoline prices Friday plummeted to 2-month lows and closed sharply lower on concerns about US energy demand. Friday's US economic reports on Jul nonfarm payrolls...

Sep WTI crude oil (CLU24 ) today is down -2.78 (-3.64%), and Sep RBOB gasoline (RBU24 ) is down -8.19 (-3.42%). Crude oil and gasoline prices today plummeted to 2-month lows on concerns about US energy demand. Today's US economic reports on Jul nonfarm payrolls and Jun factory orders were...