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The Latest Breaking News from OPEC

Kremlin Rejects Trump's Claim That Lower Oil Prices End Ukraine Conflict

Kremlin denies link between oil prices and Ukraine conflict, contrasting with Trump's views at Davos.

Top News

Stock Markets Build On Trump Rally, Yen Climbs After BoJ Rate Hike

In a much-anticipated speech via video link at the Davos World Forum in Switzerland, Trump pushed for lower interest rates and said he would cut taxes for companies investing in the United States while imposing tariffs on those who do not.

Latin Times

Aussie shares rise as Trump calls for rate cuts

The ASX200 rose 0.4 per cent on Friday to finish up 1.2 per cent for the week as Donald Trump demanded cuts in oil prices and interest rates.

AAP

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Asian Markets Build On Trump Rally, Yen Steady Ahead Of BoJ

Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.

International Business Times

Ukraine war briefing: Russians say major oil refinery burning after Ukrainian drone strikes

Trump says Opec should cut oil prices to starve Russia of war funding; Ukraine evacuating children from towns in Kharkiv region. What we know on day 1,066See all our Ukraine war coverage

The Guardian - AU

Trump's Davos Speech, Stargate AI Plan, and Robust Earnings Lift S&P 500 To All-Time High

Trump's sweeping policy changes, cooling US Core CPI inflation data for December, a resilient economy, and a strong earnings season played a key role in the S&P500's rapid climb.

International Business Times UK

Crude Falls as Trump Prods Saudi Arabia and OPEC to Lower Oil Prices

March WTI crude oil (CLH25 ) Thursday closed down -0.82 (-1.09%), and March RBOB gasoline (RBH25 ) closed up +0.0084 (+0.40%). Crude and gasoline prices settled mixed on Thursday, with crude falling to a 1-1/2 week low. Crude gave up early gains Thursday and turned lower after President Trump said...

Barchart

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Trump says 'the Russia-Ukraine war would end immediately' if Saudi Arabia and OPEC lowered the price of oil

President Donald Trump doubled down on ending the war in Ukraine during his speech at Davos a day after threatening Russia and Putin with tariffs and sanctions.

Fortune

Trump Calls On OPEC To Lower Oil Prices

President Trump urges Saudi Arabia and OPEC to lower oil prices to potentially end the Russia-Ukraine conflict.

Top News

Trump threatens business leaders with tariffs and demands lower oil prices in World Economic Forum speech

President says he will demand lower oil prices from OPEC and lower interest rates from central banks globally

The Independent UK

Crude Prices Edge Lower on Dollar Strength and Trump Tariff Threats

March WTI crude oil (CLH25 ) today is down -0.36 (-0.48%), and March RBOB gasoline (RBH25 ) is up +0.0055 (+0.26%). Crude and gasoline prices today are mixed, with crude falling to a 1-1/2 week low. Crude is under pressure today from a stronger dollar and President Trump's threat to...

Barchart

Trump Push To 'Drill, Baby, Drill' May Hit Industry Roadblock

President Donald Trump wants to boost US oil production, pledging to bring costs down as he returned to office this week -- but analysts warn his efforts could be hampered by the industry itself.

International Business Times

Crude Prices Slip on Dollar Strength and Tariff Concerns

March WTI crude oil (CLH25 ) Wednesday closed down -0.39 (-0.51%), and March RBOB gasoline (RBH25 ) closed down -0.0286 (-1.35%). Crude and gasoline prices Wednesday settled moderately lower, with gasoline falling to a 1-1/2 week low. Wednesday's stronger dollar was bearish for energy prices. Also, President Trump's threat to...

Barchart

Crude Prices Decline on Dollar Strength and Trump Tariff Threats

March WTI crude oil (CLH25 ) today is down -0.38 (-0.50%), and March RBOB gasoline (RBH25 ) is down -0.0276 (-1.30%). Crude and gasoline prices today are moderately lower, with gasoline falling to a 1-1/2 week low. Today's stronger dollar is bearish for energy prices. Also, President Trump's threat to...

Barchart

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Barchart

Crude Prices Post Moderate Losses as President Trump Vows to Boost US Oil Output

February WTI crude oil (CLG25 ) Tuesday closed down -1.99 (-2.56%), and February RBOB gasoline (RBG25 ) closed down -0.0279 (-1.32%). Crude and gasoline prices Tuesday fell to 1-week lows and closed moderately lower. Crude prices tumbled Tuesday after President Trump said Monday that he plans to declare a national...

Barchart

Crude Prices Tumble as President Trump Vows to Boost US Crude Production

February WTI crude oil (CLG25 ) today is down -1.27 (-1.63%), and February RBOB gasoline (RBG25 ) is down -0.0113 (-0.53%). Crude and gasoline prices today fell to 1-week lows and are moderately lower. Crude prices tumbled today after President Trump said Monday that he plans to declare a national...

Barchart

Crude Prices Falter on Dollar Strength and Easing Middle East Tensions

February WTI crude oil (CLG25 ) Friday closed down -0.80 (-1.02%), and February RBOB gasoline (RBG25 ) closed down -0.0110 (-0.52%). Crude and gasoline prices on Friday settled moderately lower, weighed down by a stronger dollar. Also, Friday's action by Israel's security cabinet to approve a ceasefire and hostage-prisoner exchange...

Barchart

Crude Prices Slip on Dollar Strength as Easing of Middle East Tensions

February WTI crude oil (CLG25 ) today is down -0.66 (-0.84%), and February RBOB gasoline (RBG25 ) is down -0.0055 (-0.26%). Crude and gasoline prices today are moderately lower. Today's stronger dollar is weighing on crude prices. Also, today's action by Israel's security cabinet to approve a ceasefire and hostage-prisoner...

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Barchart

Crude Prices End Lower on Speculation US Will Ease Russian Crude Sanctions

February WTI crude oil (CLG25 ) Thursday closed down -1.36 (-1.70%), and February RBOB gasoline (RBG25 ) closed down -0.0357 (-1.65%). Crude and gasoline prices retreated Thursday on speculation that President-elect Trump will ease sanctions on Russian energy exports to facilitate a diplomatic accord between Russia and Ukraine. Crude prices...

Barchart

Crude Prices Fall on the Prospect of Trump Easing Sanctions on Russian Crude

February WTI crude oil (CLG25 ) today is down -1.76 (-2.20%), and February RBOB gasoline (RBG25 ) is down -0.0582 (-2.70%). Crude and gasoline prices today are moderately lower, based on the prospect that President-elect Trump will ease sanctions on Russian energy exports to facilitate a diplomatic accord between Russia...

Barchart

Crude Rallies Sharply as US Crude Supplies Tighten

February WTI crude oil (CLG25 ) Wednesday closed up +2.54 (+3.28%), and February RBOB gasoline (RBG25 ) closed up +0.0543 (+2.58%). Crude and gasoline prices rallied sharply Wednesday, with crude posting a 6-month high and gasoline climbing to a 3-1/4 month high. Wednesday's weaker dollar is bullish for energy prices....

Barchart

Crude Prices Weighed Down by Progress in Israel/Hamas Ceasefire Talks

February WTI crude oil (CLG25 ) Tuesday closed down -1.32 (-1.67%), and February RBOB gasoline (RBG25 ) closed up +0.0043 (+0.20%). Crude and gasoline prices Tuesday settled mixed. Crude prices came under pressure Tuesday on improved prospects for a ceasefire between Hamas and Israel, which could ease tensions in the...

Barchart

Crude Prices Pressured as Prospects Improve for a Gaza Ceasefire

February WTI crude oil (CLG25 ) today is down -1.21 (-1.54%), and February RBOB gasoline (RBG25 ) is up +0.0045 (+0.21%). Crude and gasoline prices today are mixed. Crude prices came under pressure today on improved prospects for a ceasefire between Hamas and Israel, which could ease tensions in the...

Barchart

Crude Prices Jump on Tighter Global Supplies as US Sanctions Russian Energy

February WTI crude oil (CLG25 ) Monday closed up +2.25 (+2.94%), and February RBOB gasoline (RBG25 ) closed up +0.0254 (+1.22%). Crude and gasoline prices Monday settled moderately higher, with crude posting a 5-month high and gasoline posting a 3-month high. Crude prices Monday added to last Friday's gains after...

Barchart

Crude Rallies as US Sanctions on Russian Oil Tighten Global Supplies

February WTI crude oil (CLG25 ) today is up +2.15 (+2.81%), and February RBOB gasoline (RBG25 ) is up +0.0391 (+1.88%). Crude and gasoline prices today are pushing higher, with crude posting a 5-month high and gasoline posting a 3-month high. Crude prices today added to last Friday's gains after...

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