The Latest Breaking News from OPEC

Crude Prices Slip as Weekly EIA Crude Inventories Unexpectedly Climb

June WTI crude oil (CLM25 ) today is down -0.67(-1.05%) and June RBOB gasoline (RBM25 ) is down -0.0026 (-0.12%). Crude oil and gasoline prices today are moving lower after weekly EIA crude inventories unexpectedly increased last week. Also, comments from President Trump weighed on crude oil when he said...

Barchart · May 14, 2025

Crude Sharply Higher on Dollar Weakness and Additional US Sanctions on Iranian Oil

June WTI crude oil (CLM25 ) Tuesday closed up +1.72 (+2.78%), and June RBOB gasoline (RBM25 ) closed up +0.0329 (+1.54%). Crude oil and gasoline prices Tuesday settled sharply higher, with crude posting a 2-week high and gasoline posting a 6-week high. Dollar weakness Tuesday supported energy prices as did...

Barchart · May 13, 2025

Crude Prices Gain on Dollar Weakness and Additional US Sanctions on Iranian Oil

June WTI crude oil (CLM25 ) today is up +1.30 (+2.10%), and June RBOB gasoline (RBM25 ) is up +0.0211 (+0.99%). Crude oil and gasoline prices today are moving sharply higher due to a weaker dollar and a rally in stocks, which shows confidence in the economic outlook that is...

Barchart · May 13, 2025

Crude Climbs on Dollar Weakness and US-China Trade Talk Optimism

June WTI crude oil (CLM25 ) today is up +0.70 (+1.17%), and June RBOB gasoline (RBM25 ) is up +0.0131 (+0.63%). Crude oil and gasoline prices today added to Thursday's sharp gains and climbed to 1-1/2 week highs. Today's dollar weakness is bullish for energy prices. Also, optimism about this...

Barchart · May 9, 2025

Crude Settles Sharply Higher as the US-UK Trade Deal Boosts Economic Optimism

June WTI crude oil (CLM25 ) Thursday closed up +1.84 (+3.17%), and June RBOB gasoline (RBM25 ) closed up +0.0575 (+2.84%). Crude oil and gasoline prices on Thursday settled sharply higher after President Trump announced a trade deal with the UK, which eased trade tensions and bolstered optimism that more...

Barchart · May 8, 2025

Crude Oil Rallies on News of a US-UK Trade Deal

June WTI crude oil (CLM25 ) today is up +1.66 (+2.86%), and June RBOB gasoline (RBM25 ) is up +0.0522 (+2.57%). Crude oil and gasoline prices today are moderately higher after President Trump announced a trade deal with the UK, which eased trade tensions and bolstered optimism that more trade...

Barchart · May 8, 2025

Oil Prices Fall on Oversupply Fears and Reduced Trade and Geopolitical Tensions

June WTI crude oil (CLM25 ) Wednesday closed down -1.02 (-1.73%), and June RBOB gasoline (RBM25 ) closed down -0.0367 (-1.78%). Crude oil and gasoline prices on Wednesday gave up an early advance and posted moderate losses due to the dollar's strength and an easing of geopolitical tensions in the...

Barchart · May 7, 2025

Crude Prices Pressured by Dollar Strength and Oversupply Fears

June WTI crude oil (CLM25 ) today is down -0.45 (-0.76%), and June RBOB gasoline (RBM25 ) is down -0.0319 (-1.55%). Crude oil and gasoline prices today gave up an early advance and turned lower due to the dollar's strength. Crude prices today initially moved higher in hopes of easing...

Barchart · May 7, 2025

Global oil prices have plunged. So when will Australian motorists see cheaper petrol?

Analysts predict bowser prices for regular unleaded to come down to temporary lows of near 160c per litre in major cities

The Guardian - AU · May 7, 2025

Crude Prices Rally as Oversupply Fears Recede

June WTI crude oil (CLM25 ) Tuesday closed up +1.96 (+3.43%), and June RBOB gasoline (RBM25 ) closed up +0.0417 (+2.06%). Crude oil and gasoline prices settled sharply higher on Tuesday. Tuesday's weaker dollar is bullish for energy prices. Also, short covering emerged to push crude prices higher Tuesday on...

Barchart · May 6, 2025