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The Latest Breaking News from OPEC

Senate Democrats Call For DOJ Action Against Oil Collusion

Senate Democrats push for DOJ probe into alleged oil industry collusion and price-fixing, citing FTC findings and concerns over increased fuel costs. Repub...

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Crude Closes Lower on Dollar Strength and Weak Stocks

July WTI crude oil (CLN24 ) Wednesday closed down -0.60 (-0.75%), and July RBOB gasoline (RBN24 ) closed down -4.19 (-1.67%). Crude oil and gasoline prices Wednesday gave up an early advance and turned lower, with crude falling from a 1-month high. A stronger dollar on Wednesday weighed on energy...

Barchart

Crude Oil Slips Today on Dollar Strength and Weak Stocks

July WTI crude oil (CLN24 ) today is down -0.26 (-0.33%), and July RBOB gasoline (RBN24 ) is down -3.43 (-1.37%). Crude oil and gasoline prices today gave up an early advance and turned lower, with crude falling from a 1-month high. A stronger dollar today is undercutting energy prices....

Barchart

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Crude Prices Rally on Heightened Middle East Tensions

July WTI crude oil (CLN24 ) on Tuesday closed up +2.11 (+2.71%), and July RBOB gasoline (RBN24 ) closed up +3.22 (+1.30%). Crude oil and gasoline prices Tuesday rallied, with crude climbing to a 1-week high. Oil prices rallied on geopolitical risks in the Middle East that could lead to...

Barchart

Dollar Weakness and Middle East Tensions Boost Crude Prices

July WTI crude oil (CLN24 ) today is up +1.80 (+2.32%), and July RBOB gasoline (RBN24 ) is up +3.05 (+1.24%). Crude oil and gasoline prices today are sharply higher, with crude climbing to a 1-week high. Today's fall in the dollar to a 1-1/2 week low is bullish for...

Barchart

Asian Markets Diverge, Dollar Weakens Ahead Of US Inflation Data

Asian markets were mixed Tuesday as investors took a breather after the previous day's rally and as they gear up for the release of key US inflation data later in the week.

International Business Times

3 High-Yield Energy Stocks for Smart Investors

The energy sector is poised for robust growth driven by resilient global oil and natural gas demand, supply chain volatility amid geopolitical tensions and extended production cuts, and technological innovation. Hence, it could be wise to invest in high-yield energy stocks Chevron (CVX), TotalEnergies (TTE), and BP (BP) for steady…

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Most Asian Markets Rise As Traders Eye US Inflation

Most Asian markets rose Monday, tracking a bounce on Wall Street at the end of a painful week for investors, with eyes now on the upcoming release of key US inflation data.

International Business Times

Crude Settles Higher on Expectations for OPEC+ to Maintain Production Cuts

July WTI crude oil (CLN24 ) on Friday closed up +0.85 (+1.11%), and July RBOB gasoline (RBN24 ) closed up +1.31 (+0.53%). Crude oil and gasoline prices on Friday erased early declines and posted moderate gains. A weaker dollar Friday was bullish for energy prices. Also, Friday's better-than-expected US economic...

Barchart

Crude Pushes Higher on Dollar Weakness and US Energy Demand Optimism

July WTI crude oil (CLN24 ) today is up +0.32 (+0.42%), and July RBOB gasoline (RBN24 ) is up +0.58 (+0.24%). Crude oil and gasoline prices today erased an early decline and are moderately higher. A weaker dollar today is bullish for energy prices. Also, today's better-than-expected US economic news...

Barchart

Crude Settles Lower on Dollar Strength and Elevated Cushing Inventories

July WTI crude oil (CLN24 ) on Thursday closed down -0.70 (-0.90%), and July RBOB gasoline (RBN24 ) closed down -0.22 (-0.09%). Crude oil and gasoline prices Thursday were under pressure the entire session and fell to 1-week lows. Thursday's rally in the dollar index (DXY00 ) to a 1-week...

Barchart

Crude Prices Pressured by a Stronger Dollar and Elevated Cushing Inventories

July WTI crude oil (CLN24 ) today is down -0.41 (-0.53%), and July RBOB gasoline (RBN24 ) is up -0.05 (-0.02%). Crude oil and gasoline prices today are under pressure and fell to new 1-week lows. Today's rally in the dollar index (DXY00 ) to a 1-week high is undercutting...

Barchart

3 Energy Stock Buys Trading at Good Prices

Expectations of demand recovery, the likelihood of OPEC and its allies extending oil supply cuts into the second quarter, and the anticipated easing of monetary policies this year boost the energy sector’s growth prospects. Therefore, quality energy stocks such as Inpex (IPXHY), Graham (GHM), and MV Oil (MVO) could be…

StockNews.com

Corporations are forcing Americans to pay more for less – in their own words

Companies in the oil, hotel, meat and other sectors are price-gouging the US public. They’re not hiding it, either

The Guardian - US

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Barchart

Crude Prices End Lower on Dollar Strength and a Build in EIA Crude Inventories

July WTI crude oil (CLN24 ) Wednesday closed down -1.09 (-1.39%), and July RBOB gasoline (RBN24 ) closed down -3.95 (-1.58%). Crude oil and gasoline prices Wednesday fell to 1-week lows and closed moderately lower. Wednesday's rally in the dollar index (DXY00 ) to a 1-week high was negative for...

Barchart

Crude Prices Fall as Weekly EIA Inventories Unexpectedly Climb

July WTI crude oil (CLN24 ) today is down -0.40 (-0.51%), and July RBOB gasoline (RBN24 ) is down -1.40 (-0.56%). Crude oil and gasoline prices today fell to 1-week lows and are moderately lower. Today's rally in the dollar index (DXY00 ) to a 1-week high is negative for...

Barchart

Crude Closes Lower on Dollar Strength and Energy Demand Concerns

June WTI crude oil (CLM24 ) on Tuesday closed down -0.54 (-0.68%), and June RBOB gasoline (RBM24 ) closed down -2.99 (-1.18%). Crude oil and gasoline prices posted moderate losses on Tuesday for a second day. A stronger dollar on Tuesday was bearish for energy prices. Also, Fed comments Tuesday...

Barchart

Crude Prices Slip on Dollar Strength and Hawkish Fed

June WTI crude oil (CLM24 ) today is down -0.62 (-0.78%), and June RBOB gasoline (RBM24 ) closed down -1.74 (-0.69%). Crude oil and gasoline today are moderately lower for a second day. A stronger dollar today is bearish for energy prices. Also, Fed comments today signal policymakers want to...

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ConocoPhillips (COP) vs. EOG Resources (EOG): Which Stock Offers Better Energy Sector Value?

The energy sector’s growth will be driven by ongoing geopolitical tensions, a recovering Chinese economy, and expectations of the extension of supply cuts by OPEC and its allies. Given this backdrop, let’s analyze the fundamentals of energy stocks ConocoPhillips (COP) and EOG Resources (EOG) to determine which of these two…

Barchart

Dollar Strength Weighs on Crude

June WTI crude oil (CLM24 ) on Monday closed down -0.26 (-0.32%), and June RBOB gasoline (RBM24 ) closed down -3.43 (-1.33%). Crude oil and gasoline on Monday gave up an early advance and posted moderate losses. A stronger dollar on Monday weighed on energy prices. Losses in crude Monday...

Barchart

Crude Slightly Lower on Dollar Strength

June WTI crude oil (CLM24 ) this morning is down -0.05 (-0.06%), and June RBOB gasoline (RBM24 ) is down -2.35 (-0.91%). Crude oil and gasoline today shed an early advance and are slightly lower. A stronger dollar today is weighing on energy prices. Losses in crude are limited by...

Barchart

Crude Closes Higher on Lower US Crude Stockpiles

June WTI crude oil (CLM24 ) on Friday closed up +0.83 (+1.05%), and June RBOB gasoline (RBM24 ) closed up +3.64 (+1.43%). Crude oil and gasoline posted moderate gains on Friday, with crude climbing to a 2-week high and gasoline climbing to a 1-week high. Crude prices gained Friday on...

Barchart

Crude Prices Have Support on Dollar Weakness and Tight Supplies

June WTI crude oil (CLM24 ) today is up +0.29 (+0.37%), and June RBOB gasoline (RBM24 ) is up +1.75 (+0.69%). Crude oil and gasoline rose to 1-week highs today and are moderately higher. A weaker dollar today is bullish for energy prices. Crude has carryover support from Wednesday's weekly...

Barchart

Crude Posts Moderate Gains on Tight Supplies and US Energy Demand Optimism

June WTI crude oil (CLM24 ) on Thursday closed up +0.60 (+0.76%), and June RBOB gasoline (RBM24 ) closed up +4.10 (+1.64%). Crude oil and gasoline settled moderately higher on Thursday. Crude has carryover support from Wednesday's weekly EIA report, which showed declines in crude and gasoline supplies. Also, Thursday's...

Barchart

Crude Gains on Tight Supplies and US Energy Demand Optimism

June WTI crude oil (CLM24 ) this morning is up +0.43 (+0.55%), and June RBOB gasoline (RBM24 ) is up +3.00 (+1.20%). Crude oil and gasoline prices this morning are moderately higher. Crude has support from today's rally in the S&P 500 to a new record high, which shows optimism...

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