The Latest Breaking News from OPEC

Dollar Weakness and Iran Concerns Boost Crude Oil Prices

August WTI crude oil (CLQ25 ) today is up +0.30 (+0.46%), and August RBOB gasoline (RBQ25 ) is up +1.26 (+0.61%). Crude oil and gasoline prices are rising today after the dollar index (DXY00) fell to a 3 1/3-year low. Also, concern that Middle East tensions could flare up again...

Barchart · Jul 1, 2025

Crude Oil Prices Slip as OPEC+ Expected to Boost Production

August WTI crude oil (CLQ25 ) Monday closed down -0.41 (-0.63%), and August RBOB gasoline (RBQ25 ) closed up +0.27 (+0.13%). Crude oil and gasoline prices on Monday settled mixed. Crude was under pressure Monday due to expectations that OPEC+ will increase its crude production level by another 411,000 bpd...

Barchart · Jun 30, 2025

Crude Oil Price Pressured by Global Oversupply Concerns

August WTI crude oil (CLQ25 ) today is down -0.66 (-1.01%), and August RBOB gasoline (RBQ25 ) is down -0.41 (-0.20%). Crude oil and gasoline prices are under pressure today due to expectations that OPEC+ will increase its crude production level by another 411,000 bpd when they meet on Sunday....

Barchart · Jun 30, 2025

Crude Prices Gain as Weekly EIA Inventories Fall and Gasoline Demand Soars

August WTI crude oil (CLQ25 ) today is up +1.14 (+1.77%), and August RBOB gasoline (RBQ25 ) is up +0.0128 (+0.62%). Crude oil and gasoline are moving higher today on a bullish weekly EIA report that showed a larger-than-expected draw in crude oil inventories and a surge in US gasoline...

Barchart · Jun 25, 2025

Crude Prices Plunge as Geopolitical Risk Premium Vanishes

August WTI crude oil (CLQ25 ) Tuesday closed down -4.14 (-6.04%), and August RBOB gasoline (RBQ25 ) closed down -0.1282 (-5.83%). Crude oil and gasoline sold off sharply Tuesday to 1-1/2 week lows after President Trump announced a ceasefire in the Israel-Iran conflict, reducing concerns about a disruption to Middle...

Barchart · Jun 24, 2025

Crude Prices Tumble as Geopolitical Risks Ease in the Middle East

August WTI crude oil (CLQ25 ) today is down -3.34 (-4.88%), and August RBOB gasoline (RBQ25 ) is down -0.0930 (-4.23%). Crude oil and gasoline fell sharply today to 1-1/2 week lows after President Trump announced a ceasefire in the Israel-Iran conflict, reducing concerns about a disruption to Middle Eastern...

Barchart · Jun 24, 2025

Crude Prices Plunge as Iran's Retaliation Misses Energy Assets

August WTI crude oil (CLQ25 ) Monday closed down -5.33 (-7.22%), and August RBOB gasoline (RBQ25 ) closed down -0.1114 (-4.82%). Crude oil and gasoline prices on Monday gave up sharp overnight gains and then plunged Monday afternoon after Iran's retaliation for the US attack on the country's nuclear sites...

Barchart · Jun 23, 2025

Crude Prices Erase an Early Advance as Iranian Retaliation Appears Limited

August WTI crude oil (CLQ25 ) today is down -0.73 (-0.99%), and August RBOB gasoline (RBQ25 ) is down -0.0129 (-0.56%). Crude oil and gasoline prices today gave up sharp overnight gains and turned lower on speculation that Iran's response to the US bombing of its nuclear sites is unlikely...

Barchart · Jun 23, 2025

Crude Prices Slip as US Holds Back from Iran Attack

July WTI crude oil (CLN25 ) Friday closed down -0.21 (-0.28%), and July RBOB gasoline (RBN25 ) closed up +0.0209 (+0.91%). Crude oil and gasoline prices settled mixed on Friday, with gasoline posting a 10-1/4 month high. Friday's weaker dollar was bullish for energy prices. Crude oil prices turned lower...

Barchart · Jun 20, 2025

Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran

July WTI crude oil (CLN25 ) today is down -0.26 (-0.35%), and July RBOB gasoline (RBN25 ) is up +0.0057 (+0.25%). Crude oil and gasoline prices today are mixed, with gasoline posting a 10-1/4 month high. Today's weaker dollar is bullish for energy prices. Also, concern about the Israel-Iran conflict...

Barchart · Jun 20, 2025