The Latest Breaking News from OPEC

3 High-Upside Energy Stocks Based on Analyst Price Targets

With robust demand and supply expectations, geopolitical instability and extended OPEC+ production cuts have positioned the oil and gas market for strong growth. Hence, quality energy stocks Marathon Oil (MRO), Cenovus Energy (CVE), and Energy Transfer (ET) with solid upside could be ideal investment choices. Read more.

StockNews.com · Aug 5, 2024

Crude Prices Under Pressure on Risk Asset Aversion

Sep WTI crude oil (CLU24 ) today is down -0.66 (-0.90%), and Sep RBOB gasoline (RBU24 ) is down -0.91 (-0.39%). Crude oil and gasoline prices today are under pressure, with crude posting a 6-month nearest-futures low and gasoline posting a 5-month low. Today's slump in global equity markets has...

Barchart · Aug 5, 2024

Crude Prices Finish Sharply Lower on US Economic Concerns

Sep WTI crude oil (CLU24 ) on Friday closed down -2.79 (-3.66%), and Sep RBOB gasoline (RBU24 ) closed down -8.04 (-3.35%). Crude oil and gasoline prices Friday plummeted to 2-month lows and closed sharply lower on concerns about US energy demand. Friday's US economic reports on Jul nonfarm payrolls...

Barchart · Aug 2, 2024

Crude Rallies on Geopolitical Risks and Falling US Inventories

Sep WTI crude oil (CLU24 ) today is up +2.32 (+3.10%), and Sep RBOB gasoline (RBU24 ) is up +7.45 (+3.18%). Crude oil prices today are sharply higher. Today's decline in the dollar index (DXY00 ) to a 1-1/2 week low is bullish for energy prices. Crude is also climbing...

Barchart · Jul 31, 2024

Oil price surges after assassination of Hamas leader on Iranian soil sparks fears Gaza conflict will engulf Middle East

‘It may get Netanyahu the war he’s been looking for,’ warns foreign policy expert Trita Parsi.

Fortune · Jul 31, 2024

Crude Prices Retreat on the Prospects of Weaker Chinese Energy Demand

Sep WTI crude oil (CLU24 ) on Tuesday closed down -1.08 (-1.42%), and Sep RBOB gasoline (RBU24 ) closed down -2.50 (-1.05%). Crude oil prices Tuesday extended Monday's slide, with crude posting a new 7-week low. Tuesday's rally in the dollar index (DXY00 ) to a 2-1/2 week high was...

Barchart · Jul 30, 2024

Crude Prices Pressured by Dollar Strength and Energy Demand Concerns in China

Sep WTI crude oil (CLU24 ) today is down -0.91 (-1.20%), and Sep RBOB gasoline (RBU24 ) is down -2.51 (-1.06%). Crude oil prices today extended Monday's slide, with crude posting a new 7-week low. Today's rally in the dollar index (DXY00 ) to a 2-1/2 week high is bearish...

Barchart · Jul 30, 2024

Crude Prices Finish Lower on Dollar Strength and China Energy Demand Concerns

Sep WTI crude oil (CLU24 ) Monday closed down -1.35 (-1.75%), and Sep RBOB gasoline (RBU24 ) closed down -4.47 (-1.85%). Crude oil prices Monday posted moderate losses, with crude tumbling to a 7-week low. Monday's rally in the dollar index (DXY00 ) to a 2-week high undercut energy prices....

Barchart · Jul 29, 2024

Crude Prices Tumble on Dollar Strength and Energy Demand Concerns in China

Sep WTI crude oil (CLU24 ) today is down -1.31 (-1.70%), and Sep RBOB gasoline (RBU24) is down -3.93 (-1.63%). Crude oil prices today are moderately lower, with crude tumbling to a 7-week low. Today's rally in the dollar index (DXY00 ) to a 2-week high is undercutting energy prices....

Barchart · Jul 29, 2024

Crude Oil Prices Fall on Demand Concerns

Sep WTI crude oil (CLU24 ) today is down -1.29 (-1.65%), and Sep RBOB gasoline (RBU24 ) is down -0.0200 (-0.82%). Crude oil prices today are trading lower on this week's theme of weaker global economic growth and US political uncertainty. The markets are also worried on a longer-term basis...

Barchart · Jul 26, 2024