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The Latest Breaking News from OPEC

Crude Prices Rebound from Monday's Sharp Losses

February WTI crude oil (CLG24 ) this morning is up +1.71 (+2.42%), and Feb RBOB gasoline (RBG24 ) is up +5.77 (+2.85%). Crude oil and gasoline prices this morning are moderately higher as they recover some of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil prices...

Barchart

Crisis Ripples: Oil prices climb amid Middle East turmoil

Join the global market chatter as oil prices tiptoe higher amidst the ongoing Middle East crisis and ongoing deliberations over OPEC's supply decisions.

Top News

Crude Closes Sharply Lower as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) on Monday closed down -3.04 (-4.12%), and Feb RBOB gasoline (RBG24 ) closed down -7.77 (-3.69%). Crude oil and gasoline prices on Monday sold off sharply, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

Barchart

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Crude Plunges as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) this morning is down -3.31 (-4.48%), and Feb RBOB gasoline (RBG24 ) is down -7.30 (-3.47%). Crude oil and gasoline prices this morning are sharply lower, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

Barchart

Boeing shares fall 9% after mid-flight Alaska Airlines accident involving 737 Max 9 – as it happened

Rolling coverage of the latest economic and financial news, as Boeing shares fall after 171 of its 737 Max 9 aircraft are grounded by US regulators

The Guardian - UK

Crude Settles Higher on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) on Friday closed up +1.62 (+2.24%), and Feb RBOB gasoline (RBG24 ) closed down -0.46 (-0.22%). Crude oil and gasoline prices on Friday settled mixed, with crude posting a 1-week high. A reversal in the dollar Friday boosted energy prices after the dollar index...

Barchart

Crude Prices Climb on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) this morning is up +1.82 (+2.52%), and Feb RBOB gasoline (RBG24 ) is up +1.40 (+0.66%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-week high. A reversal in the dollar today boosted energy prices after the dollar...

Barchart

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Crude Prices Fall as Weak Demand Boosts Weekly EIA Product Inventories

February WTI crude oil (CLG24 ) on Thursday closed down -0.51 (-0.70%), and Feb RBOB gasoline (RBG24 ) closed down -4.80 (-2.22%). Crude oil and gasoline prices Thursday gave up an early advance and turned lower weekly inventories of crude products unexpectedly rose in Thursday's weekly EIA report, a sign...

Barchart

Crude Prices Fall on an Unexpected Build in Weekly Product Inventories

February WTI crude oil (CLG24 ) this morning is down -1.51 (-2.08%), and Feb RBOB gasoline (RBG24 ) is down -6.96 (-3.23%). Crude oil and gasoline prices this morning gave up an early advance and turned lower after an unexpected build in crude products in today's weekly EIA report, a...

Barchart

Crude Oil: Will the Tug of War Between Bulls and Bears Continue in 2024?

Crude oil closed 2023 at below $72 per barrel. The price was lower for the year and just below the U.S. administration’s $67 to $72 per barrel buying zone to replenish the Strategic Petroleum Reserve. As the market heads into 2024, bullish and bearish factors pull the energy commodity in…

Barchart

Crude Oil Prices Close Sharply Higher on Global Supply Disruptions

February WTI crude oil (CLG24 ) on Wednesday closed up +2.32 (+3.30%), and Feb RBOB gasoline (RBG24 ) closed up +6.32 (+3.02%). Crude oil and gasoline prices recovered from early losses Wednesday and rallied sharply on supply disruptions in Libya and increased tensions in the Middle East. Crude prices Wednesday...

Barchart

Crude Oil Prices Jump on Global Supply Disruptions

February WTI crude oil (CLG24 ) this morning is up +2.03 (+2.88%), and Feb RBOB gasoline (RBG24 ) is up +5.71 (+2.73%). Crude oil and gasoline prices this morning recovered from early losses and rallied sharply on supply disruptions in Libya and increased tensions in the Middle East. Crude prices...

Barchart

Global Oil Prices Trend Down In Early 2024 As US Production Booms, OPEC Flounders

US oil output continues to reach new heights; Houthi attacks in the Red Sea persist; OPEC's eighth-largest producer is leaving the cartel.

International Business Times

Crude Closes Lower on Global Energy Demand Concerns

February WTI crude oil (CLG24 ) on Tuesday closed down -1.27 (-1.77%), and Feb RBOB gasoline (RBG24 ) closed down -1.14 (-0.54%). Crude oil and gasoline prices on Tuesday gave up an early advance and turned lower, with crude falling to a 3-week low. Tuesday's rally in the dollar index...

Barchart

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Barchart

Crude Gives Up Early Gains on Global Energy Demand Concerns

February WTI crude oil (CLG24) this morning is down -0.92 (-1.28%), and Feb RBOB gasoline (RBG24) is down -0.93 (-0.44%). Crude oil and gasoline prices this morning gave up an early advance and turned lower, with crude falling to a 3-week low. Today's rally in the dollar index to a...

The Guardian - UK

Climate scientists hail 2023 as ‘beginning of the end’ for fossil fuel era

Cautious optimism among experts that emissions from energy use may have peaked as net zero mission intensifies

Barchart

Crude Closes Lower on Energy Demand Concerns and Increased Russian Exports

February WTI crude oil (CLG24 ) on Friday closed down -0.12 (-0.17%), and Feb RBOB gasoline (RBG24 ) closed up +0.66 (+0.31%). Crude oil and gasoline prices on Friday settled mixed. Crude gave up early gains on Friday and posted modest losses as weaker-than-expected U.S. economic news heightened energy demand...

Barchart

Crude Slightly Higher on Year-End Fund Short Covering

February WTI crude oil (CLG24 ) this morning is up +0.05 (+0.05%), and Feb RBOB gasoline (RBG24 ) is up +1.92 (+1.40%). Crude oil and gasoline prices this morning are moderately higher on some year-end short covering by funds. Gains are limited by energy demand concerns due to weaker-than-expected U.S....

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The Conversation

Three-day week, 50 years on: lessons from a previous Conservative government struggling with a cost of living crisis

Midwinter. War in the Middle East. Energy crisis. Rising prices borne disproportionately by low-wage workers, particularly in a public sector squeezed by a “Tories in turmoil” UK government.

International Business Times

Triumphs And Tests: Brazil's Lula Marks One Year Back In Office

In the year since Brazil's President Luiz Inacio Lula da Silva returned to office, he has overseen a reduction in Amazon deforestation and some wins on the economic front.

Barchart

Crude Prices Sharply Lower on Dollar Strength and Global Energy Demand Concerns

February WTI crude oil (CLG24 ) on Thursday closed down -2.34 (-3.16%), and Feb RBOB gasoline (RBG24 ) closed down -6.22 (-2.88%). Crude oil and gasoline prices on Thursday settled sharply lower, with crude falling to a 1-1/2 week low and gasoline dropping to a 2-week low. A recovery in...

Barchart

Crude Prices Slip on a Dollar Recovery and Chinese Energy Demand Concerns

February WTI crude oil (CLG24 ) this morning is down -0.91 (-1.23%), and Feb RBOB gasoline (RBG24 ) is down -2.03 (-0.94%). Crude oil and gasoline prices this morning are moderately lower. A recovery in the dollar (DXY00 ) from a 5-month low to higher on the day is undercutting...

StockNews.com

Bullish or Bearish: Analyzing Opportunities in 3 Energy Stocks

Amid supply constraints and rising demand, the energy sector’s landscape remains optimistic. In light of this, which stocks among MPLX LP (MPLX), ChampionX Corp (CHX), and Pembina Pipeline Corp (PBA) should investors adopt a bullish stance on? Keep reading to find out….

International Business Times UK

Energy Bills in the UK is set to Decrease by a Significant Amount in 2024

The energy price cap in Great Britain is set to decrease by 14 per cent, anticipated to bring down annual bills by an average of £268.

Barchart

Crude Prices End Lower on Technical Selling and Energy Demand Concerns

February WTI crude oil (CLG24 ) on Wednesday closed down -1.46 (-1.93%) on Tuesday, and Feb RBOB gasoline (RBG24 ) closed down -1.05 (-0.48%). Crude oil and gasoline prices on Wednesday settled moderately lower. Crude prices were under pressure Wednesday from technical selling as funds closed out their crude positions...

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