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The Latest Breaking News from OPEC

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...

Crude Prices Pressured by a Stronger Dollar and Elevated Cushing Inventories

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...

3 Energy Stock Buys Trading at Good Prices

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…

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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

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...

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...

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...

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Crude Prices Slip on Dollar Strength and Hawkish Fed

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...

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

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…

Dollar Strength Weighs on Crude

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...

Crude Slightly Lower on Dollar Strength

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...

Crude Closes Higher on Lower US Crude Stockpiles

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...

Crude Prices Have Support on Dollar Weakness and Tight Supplies

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...

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

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...

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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...

Crude Prices Settle Higher as the Dollar Weakens and EIA Inventories Decline

June WTI crude oil (CLM24 ) on Wednesday closed up +0.61 (+0.78%), and June RBOB gasoline (RBM24 ) closed up +3.72 (+1.51%). Crude oil and gasoline prices rebounded Wednesday from 2-1/2 month lows and finished moderately higher. Crude prices initially moved lower after the IEA cut its 2024 global crude...

Crude Recovers Early Losses on Dollar Weakness and a Fall in EIA Inventories

June WTI crude oil (CLM24 ) today is up +0.11 (+0.14%), and June RBOB gasoline (RBM24 ) is up +2.53 (+1.03%). Crude oil and gasoline prices rebounded from 2-1/2 month lows and are slightly higher. Crude today initially moved lower after the IEA cut its 2024 global crude demand forecast....

Concern About Possible Higher OPEC+ Crude Production Weighs on Crude Prices

June WTI crude oil (CLM24 ) on Tuesday closed down -1.10 (-1.39%), and June RBOB gasoline (RBM24 ) closed down -5.09 (-2.03%). Crude oil and gasoline prices closed moderately lower Tuesday, with gasoline falling to a 2-1/2 month low. Crude prices are under pressure on concern several OPEC+ members may...

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Crude Prices Undercut by Concern Some OPEC+ Members Want to Boost Production

June WTI crude oil (CLM24 ) this morning is down -1.16 (-1.47%), and June RBOB gasoline (RBM24 ) is down -5.37 (-2.14%). Crude oil and gasoline prices this morning are moderately lower, with gasoline falling to a 2-1/2 month low. Crude prices are under pressure on concern several OPEC+ members...

OPEC Maintains Oil Demand Outlook, Anticipates Economic Growth Potential

OPEC remains optimistic about oil demand, highlighting stability and growth opportunities in the energy sector.

Crude Rallies on Dollar Weakness and Chinese Energy Demand Optimism

June WTI crude oil (CLM24 ) on Monday closed up +0.86 (+1.10%), and June RBOB gasoline (RBM24 ) closed up +1.08 (+0.43%). Crude oil and gasoline prices posted moderate gains on Monday. A weaker dollar on Monday was supportive of energy prices. Crude also climbed after the Chinese government started...

Crude Pushes Higher on Dollar Weakness and Chinese Energy Demand Optimism

June WTI crude oil (CLM24) this morning is up +0.55 (+0.70%), and June RBOB gasoline (RBM24) is up +1.50 (+0.60%). Crude oil and gasoline prices today are moderately higher. A weaker dollar today is supportive of energy prices. Crude also climbed after the Chinese government started selling 1 trillion yuan...

Crude Oil Falls Back on Stronger Dollar and Weak US Consumer Sentiment Report

June WTI crude oil (CLM24 ) today is down -0.15 (-0.19%), and June RBOB gasoline (RBM24 ) is down -0.0180 (-0.71%). June WTI crude oil prices today edged to a new 1-1/2 week high but then lost ground. Crude oil prices are consolidating just mildly above Wednesday's 1-month low. Crude...

3 Energy Stocks Building Investor Wealth

The energy sector will likely experience significant growth as demand for oil and gas is unlikely to decline anytime soon. Oil prices will likely rise due to ongoing geopolitical conflicts, possible supply squeeze, and robust global demand. Therefore, investors could consider buying quality energy stocks, Transportadora de Gas del Sur…

OPEC Shifts To 'Call On OPEC+' In Oil Demand

OPEC's shift to 'call on OPEC+' reflects a collaborative approach with non-OPEC members like Russia and Mexico to address global oil demand challenges.

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