The Latest Breaking News from OPEC

Crude Supported by Concerns Over Global Oil Supplies

May WTI crude oil (CLK25 ) today is up +0.10 (+0.14%), and May RBOB gasoline (RBK25 ) is up +0.0148 (+0.65%). Crude oil and gasoline prices are moving higher today, with crude posting a 5-week high and gasoline posting a 7-month nearest-futures high. Dollar weakness today is supportive of crude...

Barchart · Apr 1, 2025

Crude Surges as President Trump Threatens to Curb Russian Crude Exports

May WTI crude oil (CLK25 ) Monday closed up +2.12 (+3.06%), and May RBOB gasoline (RBK25 ) closed up +0.0472 (+2.10%). Crude oil and gasoline prices rallied sharply Monday, with crude posting a 5-week high and gasoline posting a 7-month nearest-futures high. Crude rose Monday after President Trump threatened to...

Barchart · Mar 31, 2025

Crude Rallies as President Trump Threatens Additional Tariffs on Russian Crude Exports

May WTI crude oil (CLK25 ) today is up +1.83 (+2.64%), and May RBOB gasoline (RBK25 ) is up +0.0380 (+1.69%). Crude oil and gasoline prices today are sharply higher, with crude posting a 5-week high and gasoline posting a 7-month nearest-futures high. Crude is climbing today after President Trump...

Barchart · Mar 31, 2025

Crude Prices Firm on US Economic News

May WTI crude oil (CLK25 ) today is up +0.29 (+0.42%), and May RBOB gasoline (RBK25 ) is up +0.0057 (+0.25%). Crude oil prices today are slightly higher. Today's weaker dollar is supportive of oil prices. Better-than-expected US economic reports today signal strength in the US economy that is positive...

Barchart · Mar 27, 2025

Crude Prices Gain on Tighter US Inventories

May WTI crude oil (CLK25 ) Wednesday closed up +0.65 (+0.94%), and May RBOB gasoline (RBK25 ) closed up +0.0253 (+1.14%). Crude oil prices on Wednesday rallied to 3-week highs and settled moderately higher. Crude had carryover support from Monday when President Trump announced a 25% secondary tariff on countries...

Barchart · Mar 26, 2025

Crude Prices Jump as Weekly EIA Inventories Unexpectedly Decline

May WTI crude oil (CLK25 ) today is up +0.97 (+1.41%), and May RBOB gasoline (RBK25 ) is up +0.0293 (+1.32%). Crude oil prices today rallied to 3-week highs and are moderately higher. Crude has carryover support from Monday when President Trump announced a 25% secondary tariff on countries that...

Barchart · Mar 26, 2025

Crude Prices Falter on Prospects for a Partial Ceasefire in Ukraine

May WTI crude oil (CLK25 ) Tuesday closed down -0.11 (-0.16%), and May RBOB gasoline (RBK25 ) closed up +0.0048 (+0.22%). Crude oil prices Tuesday fell from a 3-week high and posted modest losses after Ukraine agreed to a partial ceasefire, raising expectations that Russian crude supplies would flow freely....

Barchart · Mar 25, 2025

Crude Prices Turn Lower After Russia Agrees to Stop Striking Ukrainian Energy Assets

May WTI crude oil (CLK25 ) today is down -0.10 (-0.14%), and May RBOB gasoline (RBK25 ) is up +0.0023 (+0.10%).Crude oil prices today fell from a 3-week high and turned lower after Russia said it agreed to a ban on striking Ukrainian energy assets. Crude prices were also undercut...

Barchart · Mar 25, 2025

Crude Prices Rise as President Trump Threatens Tariffs on Countries Buying Venezuelan Crude

May WTI crude oil (CLK25 ) Monday closed up +0.83 (+1.22%), and May RBOB gasoline (RBK25 ) closed up +0.0117 (+0.53%). Crude oil and gasoline prices on Monday settled moderately higher, with crude posting a 3-week high. Crude prices rallied Monday after President Trump announced a 25% secondary tariff on...

Barchart · Mar 24, 2025

Crude Prices Gain as President Trump Threatens Tariffs on Purchasers of Venezuelan Crude

May WTI crude oil (CLK25 ) today is up +0.69 (+1.01%), and May RBOB gasoline (RBK25 ) closed up +0.0094 (+0.43%). Crude oil and gasoline prices today are moderately higher, with crude climbing to a 3-week high. Crude prices jumped to their highs today after President Trump announced a 25%...

Barchart · Mar 24, 2025