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The Latest Breaking News from OPEC

Crude Slightly Lower on US Energy Demand Concerns

Sep WTI crude oil (CLU24 ) today is down -0.07 (-0.10%), and Sep RBOB gasoline (RBU24 ) is down -2.04 (-0.98%). Crude oil and gasoline prices today gave up early gains and turned lower, with gasoline falling to a 6-1/2 month low. US energy demand concerns are undercutting crude prices...

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Crude Prices Edge Lower on Hopes for an Israel-Hamas Cease-Fire

Sep WTI crude oil (CLU24 ) Tuesday closed down -0.33 (-0.44%), and Sep RBOB gasoline (RBU24 ) closed down -0.75 (-0.33%). Crude oil and gasoline prices Tuesday fell moderately, with crude posting a 1-1/2 week low and gasoline falling to a 6-1/2 month low. Hopes for a cease-fire deal between...

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Crude Prices Slip on Hopes for an Israel-Hamas Cease-Fire

Sep WTI crude oil (CLU24 ) today is down -0.54 (-0.73%), and Sep RBOB gasoline (RBU24 ) is down -1.73 (-0.76%). Crude oil and gasoline prices today added to Monday's losses, with crude posting a 1-1/2 week low and gasoline falling to a 6-1/2 month low. Hopes for a cease-fire...

Barchart

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Crude Prices Tumble on Signs of Weakness in Chinese Energy Demand

Sep WTI crude oil (CLU24 ) on Monday closed down -2.28 (-2.97%), and Sep RBOB gasoline (RBU24 ) closed down -4.64 (-2.01%). Crude oil and gasoline prices tumbled Monday, with crude posting a 1-1/2 week low and gasoline falling to a 5-1/2 month low. Energy demand concerns in China are...

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Crude Prices Undercut by Chinese Energy Demand Concerns

Sep WTI crude oil (CLU24 ) today is down -0.27 (-0.35%), and Sep RBOB gasoline (RBU24 ) is down -0.66 (-0.29%). Crude oil and gasoline prices today are mildly lower, with gasoline falling to a 2-week low. Energy demand concerns in China are weighing on crude prices. Also, a lack...

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Crude Prices Slip on Fading Risk Premium and Energy Demand Concerns

Sep WTI crude oil (CLU24 ) on Friday closed down -1.51 (-1.93%), and Sep RBOB gasoline (RBU24 ) closed down -4.78 (-2.03%). Crude oil and gasoline prices dropped to 1-week lows on Friday. A lack of retaliation thus far by Iran against Israel has taken some of the risk premium...

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Crude Prices Retreat on Lack of Iran Retaliation and Energy Demand Concerns

Sep WTI crude oil (CLU24 ) today is down -1.62 (-2.07%), and Sep RBOB gasoline (RBU24 ) is down -3.42 (-1.45%). Crude oil and gasoline prices today fell to 1-week lows. A lack of retaliation thus far by Iran against Israel has taken some of the risk premium out of...

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Crude Settles Higher on Economic Optimism and Middle East Tensions

Sep WTI crude oil (CLU24 ) Thursday closed up +1.18 (+1.53%), and Sep RBOB gasoline (RBU24 ) closed up +3.69 (+1.59%). Crude oil and gasoline prices closed moderately higher on Thursday. Stronger-than-expected US jobless claims and retail sales reports Thursday signaled economic strength and were positive for energy demand and...

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Crude Climbs on Energy Demand Optimism and Iran Tensions

Sep WTI crude oil (CLU24 ) today is up +1.42 (+1.84%), and Sep RBOB gasoline (RBU24 ) is up +4.66 (+2.01%). Crude oil and gasoline prices today are moderately higher. Stronger-than-expected US jobless claims and retail sales reports today signaled economic strength and were positive for energy demand and crude...

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Crude Settles Lower After EIA Crude Inventories Unexpectedly Increase

Sep WTI crude oil (CLU24 ) on Wednesday closed down -1.37 (-1.75%), and Sep RBOB gasoline (RBU24 ) closed down -5.36 (-2.26%). Crude oil and gasoline prices on Wednesday gave up early gains and posted moderate losses after weekly EIA crude inventories unexpectedly increased. Crude prices Wednesday initially moved higher...

Barchart

Crude Prices Fall on an Unexpected Build in EIA Crude Inventories

Sep WTI crude oil (CLU24 ) today is down -0.95 (-1.21%), and Sep RBOB gasoline (RBU24 ) is down -2.90 (-1.22%). Crude oil and gasoline prices today gave up an early advance and turned lower after weekly EIA crude inventories unexpectedly increased. Crude prices today initially moved higher after the...

Barchart

Crude Prices Settle Lower as Iran Has Yet to Attack Israel

Sep WTI crude oil (CLU24 ) on Tuesday closed down -1.71 (-2.14%), and Sep RBOB gasoline (RBU24 ) closed down -6.84 (-2.80%). Crude oil and gasoline prices retreated on Tuesday as Iran has yet to attack Israel. Crude prices surged Monday to a 3-week high on fears of an imminent...

Barchart

Crude Prices Slip as Iran Attack Has Yet to Materialize

Sep WTI crude oil (CLU24 ) today is down -1.31 (-1.64%), and Sep RBOB gasoline (RBU24 ) is down -4.94 (-2.02%). Crude oil and gasoline prices today are lower as Iran has yet to attack Israel. Crude prices surged Monday to a 3-week high on fears of an imminent attack...

Barchart

Crude Prices Surge on Heightened Middle Eastern Geopolitical Risks

Sep WTI crude oil (CLU24 ) on Monday closed up +3.22 (+4.19%), and Sep RBOB gasoline (RBU24 ) closed up +5.26 (+2.20%). Crude oil and gasoline prices surged on Monday, with crude posting a 3-week high and gasoline posting a 1-week high. Rising geopolitical risks in the Middle East that...

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Crude Prices Underpinned by Middle Eastern Geopolitical Risks

Sep WTI crude oil (CLU24 ) today is up +1.47 (+1.91%), and Sep RBOB gasoline (RBU24 ) is up +2.39 (+1.00%). Crude oil and gasoline prices today climbed to 1-week highs and are moderately higher. Rising geopolitical risks in the Middle East that could cause a disruption to the region's...

Barchart

Crude Prices Finish Higher on Dollar Weakness and US Economic Optimism

Sep WTI crude oil (CLU24 ) on Friday closed up +0.65 (+0.85%), and Sep RBOB gasoline (RBU24 ) closed down -0.89 (-0.37%). Crude oil and gasoline prices on Friday settled mixed. A weaker dollar Friday was supportive of energy prices. Strength in stocks Friday also boosted confidence in the economic...

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Crude Prices Higher on Dollar Weakness and US Economic Optimism

Sep WTI crude oil (CLU24 ) today is up +0.49 (+0.64%), and Sep RBOB gasoline (RBU24 ) is up +0.08 (+0.03%). Crude oil and gasoline prices today are posting modest gains. A weaker dollar today is supportive of energy prices. Strength in stocks today also boosts confidence in the economic...

Barchart

Where are Crude Oil Prices Heading?

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…

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Crude Prices Settle Higher as US Economic Concerns Ease

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...

Barchart

Crude Prices Supported by Easing of US Economic Concerns and Tight Inventories

Sep WTI crude oil (CLU24) today is up +0.95 (+1.26%), and Sep RBOB gasoline (RBU24) is up +3.31 (+1.40%). Crude oil and gasoline prices today are moderately higher. An easing of US recessionary fears boosted crude prices today after weekly jobless claims fell more than expected. Crude prices also have...

Barchart

Crude Settles Higher on Geopolitical Risks and a Drop in EIA Crude Inventories

Sep WTI crude oil (CLU24 ) on Wednesday closed up +2.03 (+2.77%), and Sep RBOB gasoline (RBU24 ) closed up +3.11 (+1.34%). Crude oil and gasoline prices posted moderate gains Wednesday. Crude oil prices rose Wednesday on concern that an expected retaliatory attack by Iran against Israel could spark an...

Barchart

Crude Oil Rallies on Geopolitical Risks and a Decline in Weekly EIA Crude Supplies

Sep WTI crude oil (CLU24 ) today is up +2.54 (+3.47%), and Sep RBOB gasoline (RBU24 ) is up +4.94 (+2.12%). Crude oil and gasoline prices today are sharply higher. Today's rally in global equity markets has boosted confidence in the economic outlook, supporting energy demand and crude prices. Crude...

Barchart

Crude Prices Recover as Asset Markets Rebound from Monday's Rout

Sep WTI crude oil (CLU24 ) Tuesday closed up +0.26 (+0.36%), and Sep RBOB gasoline (RBU24 ) closed down -0.74 (-0.32%). Crude oil and gasoline prices Tuesday settled mixed. Tuesday's rebound in US equity markets sparked risk-on sentiment that boosted most asset markets. Also, reduced oil supplies from Libya are...

Barchart

Crude Prices Rebound with a Recovery in Asset Markets

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...

International Business Times

Saudi Aramco Q2 Profit Dips 3% As Output Stays Low

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.

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