The Latest Breaking News from OPEC

Crude Prices Edge Lower on Hopes for an Israel-Hamas Cease-Fire

Sep WTI crude oil (CLU24 ) Tuesday closed down -0.33 (-0.44%), and Sep RBOB gasoline (RBU24 ) closed down -0.75 (-0.33%). Crude oil and gasoline prices Tuesday fell moderately, with crude posting a 1-1/2 week low and gasoline falling to a 6-1/2 month low. Hopes for a cease-fire deal between...

Barchart · Aug 20, 2024

Crude Prices Slip on Hopes for an Israel-Hamas Cease-Fire

Sep WTI crude oil (CLU24 ) today is down -0.54 (-0.73%), and Sep RBOB gasoline (RBU24 ) is down -1.73 (-0.76%). Crude oil and gasoline prices today added to Monday's losses, with crude posting a 1-1/2 week low and gasoline falling to a 6-1/2 month low. Hopes for a cease-fire...

Barchart · Aug 20, 2024

Crude Prices Tumble on Signs of Weakness in Chinese Energy Demand

Sep WTI crude oil (CLU24 ) on Monday closed down -2.28 (-2.97%), and Sep RBOB gasoline (RBU24 ) closed down -4.64 (-2.01%). Crude oil and gasoline prices tumbled Monday, with crude posting a 1-1/2 week low and gasoline falling to a 5-1/2 month low. Energy demand concerns in China are...

Barchart · Aug 19, 2024

Crude Climbs on Energy Demand Optimism and Iran Tensions

Sep WTI crude oil (CLU24 ) today is up +1.42 (+1.84%), and Sep RBOB gasoline (RBU24 ) is up +4.66 (+2.01%). Crude oil and gasoline prices today are moderately higher. Stronger-than-expected US jobless claims and retail sales reports today signaled economic strength and were positive for energy demand and crude...

Barchart · Aug 15, 2024

Crude Settles Lower After EIA Crude Inventories Unexpectedly Increase

Sep WTI crude oil (CLU24 ) on Wednesday closed down -1.37 (-1.75%), and Sep RBOB gasoline (RBU24 ) closed down -5.36 (-2.26%). Crude oil and gasoline prices on Wednesday gave up early gains and posted moderate losses after weekly EIA crude inventories unexpectedly increased. Crude prices Wednesday initially moved higher...

Barchart · Aug 14, 2024

Crude Prices Fall on an Unexpected Build in EIA Crude Inventories

Sep WTI crude oil (CLU24 ) today is down -0.95 (-1.21%), and Sep RBOB gasoline (RBU24 ) is down -2.90 (-1.22%). Crude oil and gasoline prices today gave up an early advance and turned lower after weekly EIA crude inventories unexpectedly increased. Crude prices today initially moved higher after the...

Barchart · Aug 14, 2024

Crude Prices Settle Lower as Iran Has Yet to Attack Israel

Sep WTI crude oil (CLU24 ) on Tuesday closed down -1.71 (-2.14%), and Sep RBOB gasoline (RBU24 ) closed down -6.84 (-2.80%). Crude oil and gasoline prices retreated on Tuesday as Iran has yet to attack Israel. Crude prices surged Monday to a 3-week high on fears of an imminent...

Barchart · Aug 13, 2024

Crude Prices Slip as Iran Attack Has Yet to Materialize

Sep WTI crude oil (CLU24 ) today is down -1.31 (-1.64%), and Sep RBOB gasoline (RBU24 ) is down -4.94 (-2.02%). Crude oil and gasoline prices today are lower as Iran has yet to attack Israel. Crude prices surged Monday to a 3-week high on fears of an imminent attack...

Barchart · Aug 13, 2024

Crude Prices Surge on Heightened Middle Eastern Geopolitical Risks

Sep WTI crude oil (CLU24 ) on Monday closed up +3.22 (+4.19%), and Sep RBOB gasoline (RBU24 ) closed up +5.26 (+2.20%). Crude oil and gasoline prices surged on Monday, with crude posting a 3-week high and gasoline posting a 1-week high. Rising geopolitical risks in the Middle East that...

Barchart · Aug 12, 2024

Crude Prices Underpinned by Middle Eastern Geopolitical Risks

Sep WTI crude oil (CLU24 ) today is up +1.47 (+1.91%), and Sep RBOB gasoline (RBU24 ) is up +2.39 (+1.00%). Crude oil and gasoline prices today climbed to 1-week highs and are moderately higher. Rising geopolitical risks in the Middle East that could cause a disruption to the region's...

Barchart · Aug 12, 2024