The Latest Breaking News from OPEC

Crude Closes Moderately Lower as Geopolitical Risks Ease

May WTI crude oil (CLK24 ) on Monday closed down -0.48 (-0.55%), and May RBOB gasoline (RBK24 ) closed down -4.00 (-1.42%). Crude and gasoline prices Monday posted moderate losses as geopolitical risks in the Middle East eased slightly after Israel said it would remove some of its troops from...

Barchart · Apr 8, 2024

Crude Prices Slip as Geopolitical Risks Ease

May WTI crude oil (CLK24 ) this morning is down -0.91 (-1.05%), and May RBOB gasoline (RBK24 ) is down -3.95 (-1.42%). Crude and gasoline prices this morning are moderately lower as geopolitical risks in the Middle East eased slightly after Israel said it would remove some of its troops...

Barchart · Apr 8, 2024

Are oil prices heading to $100 this summer as a global shortage takes hold?

When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence.

The Times of India · Apr 8, 2024

Crude Ends Higher as OPEC+ Maintains its Crude Production Cuts

May WTI crude oil (CLK24 ) on Wednesday closed up +0.28 (+0.33%), and May RBOB gasoline (RBK24 ) closed up +0.20 (+0.07%). Crude and gasoline prices Wednesday settled moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 7-month high. A weaker dollar on Wednesday was supportive...

Barchart · Apr 3, 2024

Crude Gains as OPEC+ Maintains its Crude Production Cuts

May WTI crude oil (CLK24 ) this morning is up +0.75 (+0.88%), and May RBOB gasoline (RBK24 ) is up +2.56 (+0.93%). Crude and gasoline prices this morning are moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 7-month high. A weaker dollar today is supportive...

Barchart · Apr 3, 2024

Crude Prices Strengthen on Geopolitical Risks and Improved Global Energy Demand

May WTI crude oil (CLK24 ) on Tuesday closed up +1.44 (+1.72%), and May RBOB gasoline (RBK24 ) closed up +4.89 (+1.80%). Crude and gasoline prices Tuesday settled moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 2-week high. A weaker dollar on Tuesday was supportive...

Barchart · Apr 2, 2024

Crude Prices Firm on Geopolitical Risks and Strength in Global Energy Demand

May WTI crude oil (CLK24 ) this morning is up +1.07 (+1.28%), and May RBOB gasoline (RBK24 ) is up +2.32 (+0.86%). Crude and gasoline prices this morning are moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 2-week high. A weaker dollar today is supportive...

Barchart · Apr 2, 2024

OPEC+ To Maintain Current Output Policy At April Meeting

OPEC+ likely to maintain current output policy to stabilize oil prices amidst global uncertainties.

Top News · Apr 2, 2024

OPEC Oil Output Decreases In March, Led By Iraq

Learn about the March decline in OPEC's oil output and its impact on global oil market dynamics.

Top News · Apr 2, 2024

Crude Prices Close Higher on Positive US and US and Chinese Economic Reports

May WTI crude oil (CLK24 ) on Monday closed up +0.45 (+0.65%), and May RBOB gasoline (RBK24 ) closed down -1.06 (-0.39%). Crude and gasoline prices on Monday settled mixed, with crude climbing to a 5-month high. Signs of strength in US and Chinese energy demand pushed crude prices higher...

Barchart · Apr 1, 2024