The Latest Breaking News from OPEC

Crude Oil Prices Pressured by Concerns of Oversupply

August WTI crude oil (CLQ25 ) today is down -0.27 (-0.40%), and August RBOB gasoline (RBQ25 ) is down -0.0194 (-0.90%). Crude oil and gasoline prices are under pressure today, with gasoline falling to a 2-week low. The outlook for larger crude exports from Iraq may boost global oil supplies...

Barchart · Jul 21, 2025

Concerns of a Global Crude Oil Glut Undercut Prices

August WTI crude oil (CLQ25 ) on Friday closed down -0.20 (-0.30%), and August RBOB gasoline (RBQ25 ) closed down -0.0170 (-0.78%). Crude oil prices gave up an early advance on Friday and settled lower, amid concerns that Iraq will soon boost its crude exports after approving a plan for...

Barchart · Jul 18, 2025

Crude Oil Prices Erase Early Gains on the Outlook for Iraq to Boost Crude Exports

August WTI crude oil (CLQ25 ) today is up +0.02 (+0.03%), and August RBOB gasoline (RBQ25 ) is down -0.0114 (-0.53%). Crude oil prices today gave up an early advance and are little changed, amid concerns that Iraq will soon boost its crude exports after approving a plan for its...

Barchart · Jul 18, 2025

Crude Oil Prices Remain Weak on Lack of Fresh Russian Sanctions

August WTI crude oil (CLQ25) today is down -0.48 (-0.72%), and August RBOB gasoline (RBQ25 ) is up +0.0152 (+0.70%). Crude oil prices continued to show weakness today after President Trump on Monday refrained from imposing new sanctions on Russian oil exports. Mr. Trump only threatened tariffs in the future...

Barchart · Jul 15, 2025

Crude Oil Prices Tumble as Trump Remains Patient with Putin

August WTI crude oil (CLQ25 ) on Monday closed down -1.47 (-2.15%), and August RBOB gasoline (RBQ25 ) closed down -0.0216 (-0.99%). Crude oil and gasoline prices today fell from 3-week highs and fell sharply on speculation that President Trump's tariff policies will slow global economic growth and energy demand....

Barchart · Jul 14, 2025

Heightened Trade Tensions Weigh on Crude Oil Prices

August WTI crude oil (CLQ25 ) today is down -1.11 (-1.62%), and August RBOB gasoline (RBQ25 ) is down -0.0284 (-1.30%). Crude oil and gasoline prices today fell from 3-week highs and turned lower on speculation that President Trump's tariff policies will slow global economic growth and energy demand. Also,...

Barchart · Jul 14, 2025

Crude Prices Jump on Speculation About New US Sanctions on Russian Oil Exports

August WTI crude oil (CLQ25 ) on Friday closed up +1.88 (+2.82%), and August RBOB gasoline (RBQ25 ) closed up +0.0346 (+1.61%). Crude oil prices rallied on speculation that President Trump on Monday might announce sanctions on Russian energy exports. Crude oil also had carryover support from Bloomberg's report on...

Barchart · Jul 11, 2025

Crude Prices Jump on Speculation President Trump Will Sanction Russian Energy Exports

August WTI crude oil (CLQ25 ) today is up +1.76 (+2.64%), and August RBOB gasoline (RBQ25 ) is up +0.0270 (+1.25%). Crude oil and gasoline prices today are sharply higher on speculation that President Trump on Monday might announce sanctions on Russian energy exports. Crude oil also has carryover support...

Barchart · Jul 11, 2025

Crude Prices Fall on Dollar Strength and Energy Demand Concerns

August WTI crude oil (CLQ25 ) on Thursday closed down -1.81 (-2.65%), and August RBOB gasoline (RBQ25 ) closed down -0.0355 (-1.62%). Crude oil and gasoline prices on Thursday settled sharply lower. Thursday's rally in the dollar index (DXY00 ) to a 2-week high pressured most commodity prices, including crude....

Barchart · Jul 10, 2025

Concerns About Waning Global Energy Demand Pressure Crude Prices

August WTI crude oil (CLQ25 ) today is down -1.35 (-1.97%), and August RBOB gasoline (RBQ25 ) is down -0.0361 (-1.65%). Crude oil and gasoline prices today are sharply lower. Today's rally in the dollar index (DXY00 ) to a 2-week high is pressuring most commodity prices, including crude. Also,...

Barchart · Jul 10, 2025