The Latest Breaking News from OPEC

Crude Prices Fall as Weekly EIA Inventories Unexpectedly Climb

July WTI crude oil (CLN24 ) today is down -0.40 (-0.51%), and July RBOB gasoline (RBN24 ) is down -1.40 (-0.56%). Crude oil and gasoline prices today fell to 1-week lows and are moderately lower. Today's rally in the dollar index (DXY00 ) to a 1-week high is negative for...

Barchart · May 22, 2024

Crude Closes Lower on Dollar Strength and Energy Demand Concerns

June WTI crude oil (CLM24 ) on Tuesday closed down -0.54 (-0.68%), and June RBOB gasoline (RBM24 ) closed down -2.99 (-1.18%). Crude oil and gasoline prices posted moderate losses on Tuesday for a second day. A stronger dollar on Tuesday was bearish for energy prices. Also, Fed comments Tuesday...

Barchart · May 21, 2024

Crude Prices Slip on Dollar Strength and Hawkish Fed

June WTI crude oil (CLM24 ) today is down -0.62 (-0.78%), and June RBOB gasoline (RBM24 ) closed down -1.74 (-0.69%). Crude oil and gasoline today are moderately lower for a second day. A stronger dollar today is bearish for energy prices. Also, Fed comments today signal policymakers want to...

Barchart · May 21, 2024

Crude Prices Have Support on Dollar Weakness and Tight Supplies

June WTI crude oil (CLM24 ) today is up +0.29 (+0.37%), and June RBOB gasoline (RBM24 ) is up +1.75 (+0.69%). Crude oil and gasoline rose to 1-week highs today and are moderately higher. A weaker dollar today is bullish for energy prices. Crude has carryover support from Wednesday's weekly...

Barchart · May 17, 2024

Crude Posts Moderate Gains on Tight Supplies and US Energy Demand Optimism

June WTI crude oil (CLM24 ) on Thursday closed up +0.60 (+0.76%), and June RBOB gasoline (RBM24 ) closed up +4.10 (+1.64%). Crude oil and gasoline settled moderately higher on Thursday. Crude has carryover support from Wednesday's weekly EIA report, which showed declines in crude and gasoline supplies. Also, Thursday's...

Barchart · May 16, 2024

Crude Gains on Tight Supplies and US Energy Demand Optimism

June WTI crude oil (CLM24 ) this morning is up +0.43 (+0.55%), and June RBOB gasoline (RBM24 ) is up +3.00 (+1.20%). Crude oil and gasoline prices this morning are moderately higher. Crude has support from today's rally in the S&P 500 to a new record high, which shows optimism...

Barchart · May 16, 2024

Crude Prices Settle Higher as the Dollar Weakens and EIA Inventories Decline

June WTI crude oil (CLM24 ) on Wednesday closed up +0.61 (+0.78%), and June RBOB gasoline (RBM24 ) closed up +3.72 (+1.51%). Crude oil and gasoline prices rebounded Wednesday from 2-1/2 month lows and finished moderately higher. Crude prices initially moved lower after the IEA cut its 2024 global crude...

Barchart · May 15, 2024

Crude Recovers Early Losses on Dollar Weakness and a Fall in EIA Inventories

June WTI crude oil (CLM24 ) today is up +0.11 (+0.14%), and June RBOB gasoline (RBM24 ) is up +2.53 (+1.03%). Crude oil and gasoline prices rebounded from 2-1/2 month lows and are slightly higher. Crude today initially moved lower after the IEA cut its 2024 global crude demand forecast....

Barchart · May 15, 2024

Concern About Possible Higher OPEC+ Crude Production Weighs on Crude Prices

June WTI crude oil (CLM24 ) on Tuesday closed down -1.10 (-1.39%), and June RBOB gasoline (RBM24 ) closed down -5.09 (-2.03%). Crude oil and gasoline prices closed moderately lower Tuesday, with gasoline falling to a 2-1/2 month low. Crude prices are under pressure on concern several OPEC+ members may...

Barchart · May 14, 2024

Crude Prices Undercut by Concern Some OPEC+ Members Want to Boost Production

June WTI crude oil (CLM24 ) this morning is down -1.16 (-1.47%), and June RBOB gasoline (RBM24 ) is down -5.37 (-2.14%). Crude oil and gasoline prices this morning are moderately lower, with gasoline falling to a 2-1/2 month low. Crude prices are under pressure on concern several OPEC+ members...

Barchart · May 14, 2024