The Latest Breaking News from OPEC

Crude Prices Close Slightly Lower on Dollar Strength and Weak Economic News

July WTI crude oil (CLN24 ) on Friday closed down -0.17 (-0.22%), and July RBOB gasoline (RBN24 ) closed down -1.60 (-0.56%). Crude oil and gasoline prices Friday posted modest losses. Friday's rally in the dollar index (DXY00 ) to a 6-week high undercut energy prices. Also, Friday's weaker-than-expected global...

Barchart · Jun 14, 2024

Crude Prices Pressured by Dollar Strength and Weak Economic News

July WTI crude oil (CLN24 ) today is down -0.31 (-0.41%), and July RBOB gasoline (RBN24 ) is down -0.62 (-0.26%). Crude oil and gasoline prices today are moderately lower. Today's rally in the dollar index (DXY00 ) to a 5-week high is undercutting energy prices. Also, today's weaker-than-expected global...

Barchart · Jun 14, 2024

Crude Prices End Higher as Russia Vows to Cut Crude Production

July WTI crude oil (CLN24 ) on Thursday closed up +0.12 (+0.15%), and July RBOB gasoline (RBN24 ) closed up +2.12 (+0.89%). Crude oil and gasoline prices Thursday recovered from early losses and settled higher. Oil prices found support after Russia vowed to cut back its crude production. Crude prices...

Barchart · Jun 13, 2024

Crude Supported by a Weak Dollar and Strength in Stocks

July WTI crude oil (CLN24 ) today is up +0.20 (+0.26%), and July RBOB gasoline (RBN24 ) is down -0.94 (-0.39%). Crude oil and gasoline prices today are mixed. Crude and gasoline today initially rose to 1-1/2 week highs on economic optimism after the S&P 500 rallied to a new...

Barchart · Jun 12, 2024

World Will Amass 'Major' Oil Surplus By 2030: IEA

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

International Business Times · Jun 12, 2024

Crude Closes Slightly Higher as Global Supplies Expected to Remain Tight

July WTI crude oil (CLN24 ) on Tuesday closed up +0.16 (+0.21%), and July RBOB gasoline (RBN24 ) closed down -0.20 (-0.08%). Crude oil and gasoline prices settled mixed on Tuesday. Crude recovered from early losses Tuesday and rose to a 1-week high on concerns global oil supplies will remain...

Barchart · Jun 11, 2024

Crude Prices Weaken on Dollar Strength

July WTI crude oil (CLN24 ) today is down -0.08 (-0.10%), and July RBOB gasoline (RBN24 ) is down -0.41 (-0.17%). Crude oil and gasoline prices today are slightly lower. Today's rally in the dollar index to a 4-week high is undercutting energy prices. Also, an increase in Russian crude...

Barchart · Jun 11, 2024

Asian Markets Mostly Down Ahead Of Fed, US Inflation Data

After an upbeat run last week driven by signs of an easing in the labour market and economy, Friday's forecast-busting non-farm jobs report provided a dose of reality that interest rates might be kept elevated for some time.

Latin Times · Jun 11, 2024

Asian Markets Mixed Ahead Of Key Fed Announcement

Asian markets were mixed Tuesday as traders shifted nervously while awaiting the Federal Reserve's policy decision and the release of US inflation data, while the euro struggled to recover from a sell-off fuelled by political uncertainty in Europe.

International Business Times · Jun 11, 2024

Signs of Stronger Fuel Demand Boosts Crude Prices

July WTI crude oil (CLN24 ) on Monday closed up +2.21 (+2.93%), and July RBOB gasoline (RBN24 ) closed up +2.83 (+1.19%). Crude oil and gasoline prices rallied to 1-week highs Monday and closed moderately higher. Crude oil prices found support Monday from news of increased global air travel and...

Barchart · Jun 10, 2024