The Latest Breaking News from OPEC

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 · Jan 14, 2025

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 · Jan 13, 2025

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...

Barchart · Jan 13, 2025

Crude Prices Supported by Signs of Strength in the Global Economy

February WTI crude oil (CLG25 ) today is up +0.86 (+1.17%), and February RBOB gasoline (RBG25 ) is up +0.0258 (+1.28%). Crude prices today are moderately higher but remain below Wednesday's 3-month high. Signs of strength in the global economy support energy demand and crude prices after German industrial production...

Barchart · Jan 9, 2025

Crude Prices Finish Lower as EIA Inventories Fall Less Than Expected

February WTI crude oil (CLG25 ) Wednesday closed down -0.93 (-1.25%), and February RBOB gasoline (RBG25 ) closed down -0.0164 (-0.81%). Crude prices Wednesday fell back from a 3-month high and posted moderate losses. Wednesday's dollar strength was bearish for energy prices. Crude added to its losses Wednesday on a...

Barchart · Jan 8, 2025

Crude Oil Prices Undercut by Dollar Strength and Bearish EIA Report

February WTI crude oil (CLG25 ) today is down -0.81 (-1.09%), and February RBOB gasoline (RBG25 ) is down -0.0219 (-1.08%). Crude prices today fell back from a 3-month high and are moderately lower. Today's dollar strength today is bearish for energy prices. Crude added to its losses today on...

Barchart · Jan 8, 2025

Crude Prices Climb on US Economic Strength and Tighter Global Supplies

February WTI crude oil (CLG25 ) Tuesday closed up +0.69 (+0.94%), and February RBOB gasoline (RBG25 ) closed down -0.0089 (-0.44%). Crude oil and gasoline prices settled mixed on Tuesday. Crude found support Tuesday from stronger-than-expected US economic news that shows economic strength and supports energy demand. Also, falling Russian...

Barchart · Jan 7, 2025

Crude Gains on US Economic Strength and Tighter Global Supplies

February WTI crude oil (CLG25 ) today is up +0.79 (+1.07%), and February RBOB gasoline (RBG25 ) is up +0.0026 (+0.13%). Crude oil and gasoline prices today are moderately higher. Stronger-than-expected US economic news today shows economic strength and supports energy demand and crude prices. Also, falling Russian crude exports...

Barchart · Jan 7, 2025

Crude Oil Erases Early Gains on Long Liquidation Pressure

February WTI crude oil (CLG25 ) Monday closed down -0.40 (-0.54%), and February RBOB gasoline (RBG25 ) closed down -0.0182 (-0.89%). Crude oil and gasoline prices Monday gave up an early advance and posted moderate losses. Long liquidation pressure emerged in crude futures Monday after prices could not breach $75...

Barchart · Jan 6, 2025

Crude Climbs on Dollar Weakness and Energy Demand Optimism

February WTI crude oil (CLG25 ) today is up +0.28 (+0.38%), and February RBOB gasoline (RBG25 ) is up +0.0030 (+0.15%). Crude oil and gasoline prices today are moderately higher, with crude oil posting a 2-1/2 month high and gasoline posting a 1-1/2 month high. Today's weaker dollar is bullish...

Barchart · Jan 6, 2025