The Latest Breaking News from OPEC

Crude Jumps on a Weaker Dollar and a Plunge in EIA Inventories

August WTI crude oil (CLQ24 ) today is up +1.73 (+2.14%), and Aug RBOB gasoline (RBQ24 ) is up +1.37 (+0.55%). Crude oil and gasoline prices today are moderately higher. Today's slump in the dollar index (DXY00 ) to a 3-3/4 month low is bullish for energy prices. Gains in...

Barchart · Jul 17, 2024

Crude Closes Lower on Dollar Strength and Increased Russian Oil Exports

August WTI crude oil (CLQ24 ) on Tuesday closed down -1.15 (-1.40%), and Aug RBOB gasoline (RBQ24 ) closed down -1.41 (-0.57%). Crude oil and gasoline prices Tuesday posted moderate losses, with crude sliding to a 3-week low and gasoline falling to a 4-week low. A stronger dollar Tuesday weighed...

Barchart · Jul 16, 2024

Crude Prices Fall on Dollar Strength and Increased Russian Oil Exports

August WTI crude oil (CLQ24 ) today is down -0.79 (-0.96%), and Aug RBOB gasoline (RBQ24 ) is down -1.72 (-0.69%). Crude oil and gasoline prices today are moderately lower, with crude sliding to a 3-week low and gasoline falling to a 4-week low. A stronger dollar today is weighing...

Barchart · Jul 16, 2024

Crude Gains on Dollar Weakness and Tighter US Oil Supplies

August WTI crude oil (CLQ24 ) today is up +0.63 (+0.76%), and Aug RBOB gasoline (RBQ24 ) is up +0.74 (+0.29%). Crude oil and gasoline prices today are posting moderate gains. Today's slide in the dollar index to a 5-week low is bullish for energy prices. Crude also has carryover...

Barchart · Jul 12, 2024

Dollar Weakness and Tight US Oil Supplies Push Crude Prices Higher

August WTI crude oil (CLQ24 ) Thursday closed up +0.52 (+0.64%), and Aug RBOB gasoline (RBQ24 ) closed up +1.44 (+0.58%). Crude oil and gasoline prices posted moderate gains on Thursday. The slump in the dollar index (DXY00 ) on Thursday to a 1-month low is bullish for energy prices....

Barchart · Jul 11, 2024

3 Undervalued Energy Stocks Poised for a Comeback

As the energy sector navigates the complexities of fluctuating oil prices and shifting global demand, some undervalued stocks show signs of potential resurgence. Therefore, Energy Transfer (ET), VAALCO Energy (EGY), and Obsidian Energy (OBE), each trading under $20, might be solid buys now to capitalize on the current oil market…

StockNews.com · Jul 11, 2024

Crude Prices Supported by Dollar Weakness and Tighter US Supplies

August WTI crude oil (CLQ24 ) today is up +0.47 (+0.57%), and Aug RBOB gasoline (RBQ24 ) is up +1.79 (+0.72%). Crude oil and gasoline prices today are moderately higher. Today's slump in the dollar index to a 1-month low is bullish for energy prices. Crude also has carryover support...

Barchart · Jul 11, 2024

Crude Settles Higher as Weekly EIA Inventories Fall

August WTI crude oil (CLQ24 ) Wednesday closed up +0.69 (+0.85%), and Aug RBOB gasoline (RBQ24 ) closed down -2.40 (-0.95%). Crude oil and gasoline prices settled mixed on Wednesday. Crude prices Wednesday rebounded from a 1-1/2 week low and moved higher after weekly EIA crude inventories unexpectedly declined. Also,...

Barchart · Jul 10, 2024

Crude Rallies as Weekly EIA Stockpiles Draw Down

August WTI crude oil (CLQ24 ) today is up +1.00 (+1.23%), and Aug RBOB gasoline (RBQ24 ) is up +0.21 (+0.08%). Crude oil and gasoline prices today recovered from early losses and are moderately higher. Crude prices rebounded from a 1-1/2 week low today and moved higher after weekly EIA...

Barchart · Jul 10, 2024

Crude Closes Lower on Little Hurricane Damage to Texas Oil Infrastructure

August WTI crude oil (CLQ24 ) Tuesday closed down -0.92 (-1.12%), and Aug RBOB gasoline (RBQ24 ) closed down -1.05 (-0.41%). Crude oil and gasoline prices Tuesday fell to a 1-week low and closed moderately lower. Crude oil prices fell after the landfall of Hurricane Beryl in Texas on Monday...

Barchart · Jul 9, 2024