The Latest Breaking News from OPEC

Crude Closes Lower as Israel-Iran Geopolitical Risks Ease

May WTI crude oil (CLK24 ) on Monday closed down -0.29 (-0.35%), and May RBOB gasoline (RBK24 ) closed down -2.49 (-0.92%). Crude and gasoline prices on Monday posted moderate losses, with gasoline falling to a 6-week low. The main bearish factor for crude prices Monday was an easing of...

Barchart · Apr 22, 2024

3 Energy Stocks Set to Soar Beyond Expectations

The energy sector’s prospects are boosted by escalating geopolitical tensions and tight supplies arising from production cuts. Therefore, quality energy stocks Precision Drilling Corporation (PDS), VAALCO Energy (EGY), and Adams Resources & Energy (AE) could be solid buys, as they look likely to soar beyond expectations. Read on.

StockNews.com · Apr 22, 2024

Crude Prices Slip as Geopolitical Risks Ease in the Middle East

May WTI crude oil (CLK24 ) this morning is down -0.35 (-0.42%), and May RBOB gasoline (RBK24 ) is -2.66 (-0.98%). Crude and gasoline prices this morning are moderately lower, with gasoline falling to a 6-week low. A stronger dollar today is undercutting energy prices. Crude prices also fell as...

Barchart · Apr 22, 2024

Ample US Oil Supplies Weigh on Crude Prices

May WTI crude oil (CLK24 ) this morning is down -0.51 (-0.62%), and May RBOB gasoline (RBK24 ) is down -2.36 (-0.86%). Crude and gasoline prices this morning extended Wednesday's losses, with crude sliding to a 3-week low and gasoline falling to a 2-week low. A stronger dollar today is...

Barchart · Apr 18, 2024

Crude Prices Retreat on Ample US Crude Supplies

May WTI crude oil (CLK24 ) on Wednesday closed down -2.67 (-3.13%), and May RBOB gasoline (RBK24 ) closed down -9.36 (-3.32%). Crude and gasoline prices Wednesday sold off sharply, with crude falling to a 3-week low and gasoline dropping to a 2-week low. Crude prices tumbled after Wednesday's weekly...

Barchart · Apr 17, 2024

Crude Prices Drop after EIA Crude Inventories Jump to a 10-Month High

May WTI crude oil (CLK24 ) this morning is down -0.88 (-1.03%), and May RBOB gasoline (RBK24 ) is down -4.99 (-1.77%). Crude and gasoline prices this morning are moderately lower, with crude falling to a 2-week low. Crude prices moved lower after weekly EIA crude inventories rose more than...

Barchart · Apr 17, 2024

Crude Prices End Slightly Lower on Dollar Strength

May WTI crude oil (CLK24 ) on Tuesday closed down -0.05 (-0.06%), and May RBOB gasoline (RBK24 ) closed up +3.84 (+1.38%). Crude and gasoline prices on Tuesday settled mixed. Tuesday's rally in the dollar index (DXY00 ) to a 5-1/2 month high weighed on energy prices. However, losses in...

Barchart · Apr 16, 2024

Crude Prices Firm on Israel-Iran Tensions

May WTI crude oil (CLK24 ) this morning is up +0.12 (+0.14%), and May RBOB gasoline (RBK24 ) is up +1.82 (+0.65%). Crude and gasoline prices this morning are moderately higher. Crude prices have support on Middle Eastern geopolitical risks as the markets await any response from Israel to Iran's...

Barchart · Apr 16, 2024

Crude Closes Slightly Lower on Hopes of Descalation in the Iran-Israel Conflict

May WTI crude oil (CLK24 ) on Monday closed down -0.25 (-0.29%), and May RBOB gasoline (RBK24 ) closed down -1.90 (-0.68%). Crude and gasoline prices on Monday posted moderate losses, with crude prices falling to a 1-1/2 week low. Crude oil prices are lower on hopes that the Iran-Israeli...

Barchart · Apr 15, 2024

Crude Prices Retreat on Hopes of Descalation in the Iran-Israel Conflict

May WTI crude oil (CLK24 ) this morning is down -0.90 (-1.05%), and May RBOB gasoline (RBK24 ) is down -3.64 (-1.30%). Crude and gasoline prices this morning are on the defensive, with crude prices falling to a 1-1/2 week low. Crude oil prices are lower on hopes that the...

Barchart · Apr 15, 2024