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The Latest Breaking News from OPEC

Saudi Arabia surprises oil markets by ditching plan to increase production

Blow to Joe Biden, who had hoped to benefit from lower pump prices in an election year

The Guardian - UK

Crude Settles Higher on Dollar Weakness and Energy Demand Optimism

March WTI crude oil (CLH24 ) on Wednesday closed up +0.72 (+0.97%), and Mar RBOB gasoline (RBH24 ) closed up +0.56 (+0.25%). Crude oil and gasoline prices on Wednesday posted moderate gains, with crude climbing to a 4-week high. Wednesday's decline in the dollar index to a 1-week low supported...

Barchart

Which of These 3 Energy Stocks Should You Buy for Gains?

Constrained supplies due to geopolitical unrest and production cuts coupled with growing oil and gas demand worldwide could drive prices higher, benefitting the energy sector. Amid this, let’s determine if you should buy energy stocks Koninklijke Vopak (VOPKY), USA Compression Partners (USAC), and Solaris Oilfield (SOI) for gains. Read more….

StockNews.com

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read the most diverse news in one place.

Crude Oil Closes Lower on a Stronger Dollar

March WTI crude oil (CLH24 ) on Tuesday closed down -0.39 (-0.52%), and Mar RBOB gasoline (RBH24 ) closed down -2.75 (-1.22%). Crude oil and gasoline prices on Tuesday gave up an early advance and posted moderate losses as a rally in the dollar index (DXY00 ) to a 1-1/4...

Barchart

3 Hot Energy Stocks to Bolster Your Portfolio

Oil prices could witness a potential elevation in the near future owing to OPEC's projected surge in global oil demand and concurrent geopolitical conflicts. To capitalize on this, one could invest in robust energy stocks Weatherford International (WFRD), ChampionX (CHX), and Geospace Technologies (GEOS) for solid returns. Read on….

StockNews.com

3 Buy-Rated Energy Gems Driving Profits

Despite the transition to cleaner energy sources, the demand for oil and gas is expected to remain steady, driven by the fast-rebounding Chinese economy, geopolitical conflicts, and the Fed’s expected interest rate cuts. Hence, it could be wise to buy fundamentally strong energy stocks Valero (VLO), NGL Energy (NGL), and…

StockNews.com

Crude Prices Jump on Risks to Global Oil Supplies

February WTI crude oil (CLG24 ) on Monday closed up +1.78 (+2.42%), and Feb RBOB gasoline (RBG24 ) closed up +7.50 (+3.47%). Crude oil and gasoline prices on Monday moved higher, with crude posting a 3-1/2 week high and gasoline posting an 8-week high. Crude prices rallied Monday after a...

Barchart

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Crude Prices Post Moderate Losses as IEA Forecasts Adequate Global Supplies

February WTI crude oil (CLG24 ) on Friday closed down -0.67 (-0.90%), and Feb RBOB gasoline (RBG24 ) closed down -2.07 (-0.95%). Crude oil and gasoline prices on Friday settled moderately lower. Expectations that global oil supplies will remain adequate despite geopolitical risks in the Middle East are weighing on...

Barchart

Crude Rallies on U.S Economic Strength and Middle East Tensions

February WTI crude oil (CLG24 ) on Thursday closed up +1.52 (+2.09%), and Feb RBOB gasoline (RBG24 ) closed up +4.81 (+2.25%). Crude oil and gasoline prices Thursday closed sharply higher. Thursday's better-than-expected U.S. economic news was positive for energy demand and crude prices. Also, heightened geopolitical risks in the...

Barchart

Crude Prices Settle Higher on Heightened Geopolitical Risks in the Middle East

February WTI crude oil (CLG24 ) on Friday closed up +0.66 (+0.92%), and Feb RBOB gasoline (RBG24 ) closed up +0.60 (+0.28%). Crude oil and gasoline prices Friday climbed to 2-week highs and settled moderately higher. Crude prices rose on an escalation of geopolitical risks in the Middle East after...

Barchart

Crude Prices Rally on Geopolitical Risks as U.S. Strikes Houthi Targets in Yemen

February WTI crude oil (CLG24 ) this morning is up +1.10 (+1.53%), and Feb RBOB gasoline (RBG24 ) is up +1.83 (+0.87%). Crude oil and gasoline prices this morning rallied to 2-week highs on an escalation of geopolitical risks in the Middle East after the U.S. and its allies launched...

Barchart

Crude Prices Post Moderate Gains as Geopolitical Risks Rise in the Middle East

February WTI crude oil (CLG24 ) on Thursday closed up +0.65 (+0.91%), and Feb RBOB gasoline (RBG24 ) closed up +4.70 (+2.27%). Crude oil and gasoline prices Thursday settled moderately higher on an escalation of geopolitical risks in the Middle East after Iran seized an oil tanker in the Gulf...

Barchart

Crude Prices Jump After Iran Seizes an Oil Tanker in Gulf of Oman

February WTI crude oil (CLG24) this morning is up +1.96 (+2.75%), and Feb RBOB gasoline (RBG24) is up +5.98 (+2.89%). Crude oil and gasoline prices this morning are sharply higher on an escalation of geopolitical risks in the Middle East after Iran seized an oil tanker in the Gulf of...

Barchart

Crude Prices Fall on an Unexpected Build in Weekly EIA Inventories

February WTI crude oil (CLG24 ) on Wednesday closed down -0.87 (-1.20%), and Feb RBOB gasoline (RBG24 ) closed down -0.95 (-0.46%). Crude oil and gasoline prices Wednesday erased an early rally and closed moderately lower. Crude prices retreated after weekly EIA crude inventories unexpectedly rose, and gasoline and distillate...

Barchart

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StockNews.com

3 Oil & Gas Stock Buys Energizing Portfolios

The oil and gas industry is well-positioned to experience substantial long-term growth primarily driven by rising energy demand worldwide. As oil prices are projected to remain steady in 2024, it could be wise to buy fundamentally strong oil and gas stocks Western Midstream Partners (WES), Sunoco (SUN), and Adams Resources…

Barchart

Crude Prices Rise as Houthi Rebels Ramp Up Attacks in the Red Sea

February WTI crude oil (CLG24 ) this morning is up +0.14 (+0.19%), and Feb RBOB gasoline (RBG24 ) is up +0.77 (+0.37%). Crude oil and gasoline prices this morning are modestly higher. Crude prices rose after Houthi rebels carried out one of their largest missile and drone attacks on commercial...

Barchart

Crude Prices Gain as Global Supplies Tighten

February WTI crude oil (CLG24 ) on Tuesday closed up +1.47 (+2.08%), and Feb RBOB gasoline (RBG24 ) closed up +4.90 (+2.42%). Crude oil and gasoline prices on Tuesday posted moderate gains as they recovered about half of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil...

StockNews.com

Energy Buy or Sell: Marathon Oil (MRO) vs. Energy Transfer (ET)

The energy sector’s prospects remain solid amid escalating geopolitical tensions, resilient demand, and production cuts. In such a scenario, which energy stock, Marathon Oil Corp (MRO) or Energy Transfer LP (ET), is better suited for your portfolio? Keep reading to find out….

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news in one place.

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Barchart

Crude Prices Rebound from Monday's Sharp Losses

February WTI crude oil (CLG24 ) this morning is up +1.71 (+2.42%), and Feb RBOB gasoline (RBG24 ) is up +5.77 (+2.85%). Crude oil and gasoline prices this morning are moderately higher as they recover some of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil prices...

Top News

Crisis Ripples: Oil prices climb amid Middle East turmoil

Join the global market chatter as oil prices tiptoe higher amidst the ongoing Middle East crisis and ongoing deliberations over OPEC's supply decisions.

Barchart

Crude Closes Sharply Lower as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) on Monday closed down -3.04 (-4.12%), and Feb RBOB gasoline (RBG24 ) closed down -7.77 (-3.69%). Crude oil and gasoline prices on Monday sold off sharply, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

Barchart

Crude Plunges as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) this morning is down -3.31 (-4.48%), and Feb RBOB gasoline (RBG24 ) is down -7.30 (-3.47%). Crude oil and gasoline prices this morning are sharply lower, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

The Guardian - UK

Boeing shares fall 9% after mid-flight Alaska Airlines accident involving 737 Max 9 – as it happened

Rolling coverage of the latest economic and financial news, as Boeing shares fall after 171 of its 737 Max 9 aircraft are grounded by US regulators

Barchart

Crude Settles Higher on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) on Friday closed up +1.62 (+2.24%), and Feb RBOB gasoline (RBG24 ) closed down -0.46 (-0.22%). Crude oil and gasoline prices on Friday settled mixed, with crude posting a 1-week high. A reversal in the dollar Friday boosted energy prices after the dollar index...

Barchart

Crude Prices Climb on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) this morning is up +1.82 (+2.52%), and Feb RBOB gasoline (RBG24 ) is up +1.40 (+0.66%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-week high. A reversal in the dollar today boosted energy prices after the dollar...

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