The Latest Breaking News from OPEC

Crude Prices Settle Lower on Chinese Energy Demand Concerns

April WTI crude oil (CLJ24 ) on Friday closed down -0.92 (-1.17%), and Apr RBOB gasoline (RBJ24 ) closed down -2.76 (-1.08%). Crude oil and gasoline prices on Friday erased an early advance and turned lower on Chinese energy demand concerns. Also, Friday's stock weakness undercut confidence in the economic...

Barchart · Mar 8, 2024

Crude Prices Pressured by Outlook for Weaker Chinese Energy Demand

April WTI crude oil (CLJ24 ) this morning is down -1.22 (-1.55%), and Apr RBOB gasoline (RBJ24 ) is down -3.42 (-1.34%). Crude oil and gasoline prices this morning gave up an early advance and turned lower on Chinese energy demand concerns. Crude prices today initially moved higher after the...

Barchart · Mar 8, 2024

Streamline Your Investments With These 3 Energy Stocks

Oil and gas demand is expected to recover this year amid fears of tight supplies arising out of geopolitical tensions and production cuts announced by OPEC+. The supply curbs on oil production may lead to an increase in energy prices worldwide. Given this backdrop, quality energy stocks Petróleo Brasileiro S.A.…

StockNews.com · Mar 8, 2024

Crude Posts Moderate Gains on Dollar Weakness and Bullish EIA Report

April WTI crude oil (CLJ24 ) on Wednesday closed up +0.98 (+1.25%), and Apr RBOB gasoline (RBJ24 ) closed up +2.11 (+0.83%). Crude oil and gasoline prices posted moderate gains on Wednesday. The slump in the dollar index to a 1-month low Wednesday supported energy prices. Crude prices extended their...

Barchart · Mar 6, 2024

Crude Prices Jump on Dollar Weakness and Supportive EIA Report

April WTI crude oil (CLJ24 ) this morning is up +2.49 (+3.19%), and Apr RBOB gasoline (RBJ24 ) is up +5.10 (+2.01%). Crude oil and gasoline prices this morning are moderately higher. Today's decline in the dollar index (DXY00 ) to a 1-month low supports energy prices. Crude prices extended...

Barchart · Mar 6, 2024

Crude Prices Weighed Down by U.S. Energy Demand Concerns and Weak Stocks

April WTI crude oil (CLJ24 ) on Tuesday closed down -0.59 (-0.75%), and Apr RBOB gasoline (RBJ24 ) closed down -5.29 (-2.05%). Crude oil and gasoline prices on Tuesday gave up an early advance and turned lower. Crude prices came under pressure after Tuesday's weaker-than-expected U.S. economic news on Jan...

Barchart · Mar 5, 2024

Crude Prices Give Up Early Gains on U.S. Energy Demand Concerns

April WTI crude oil (CLJ24 ) this morning is down -0.15 (-0.19%), and Apr RBOB gasoline (RBJ24 ) is down -3.81 (-1.47%). Crude oil and gasoline prices this morning gave up an early advance and turned lower. Crude prices came under pressure after today's weaker-than-expected U.S. economic news on Jan...

Barchart · Mar 5, 2024

3 Value Energy Stocks With Profit Potential

Ongoing conflicts in the Middle East, along with the extension of oil production cuts, are contributing to the positive sentiment surrounding the energy industry's prospects. Given their discounted valuation, investors could consider buying fundamentally strong energy stocks Select Water Solutions (WTTR), Unit (UNTC), and Adams Resources & Energy (AE). Keep…

StockNews.com · Mar 5, 2024

Crude Prices Retreat as OPEC Boosts Crude Output

April WTI crude oil (CLJ24 ) on Monday closed down -1.23 (-1.54%), and Apr RBOB gasoline (RBJ24 ) closed down -2.87 (-1.10%). Crude oil and gasoline prices posted moderate losses on Monday. An increase in OPEC crude production is bearish for oil prices. Also, doubts about OPEC+ compliance with its...

Barchart · Mar 4, 2024

Crude Prices Slip on Higher OPEC Crude Output

April WTI crude oil (CLJ24 ) this morning is down -0.71 (-0.89%), and Apr RBOB gasoline (RBJ24 ) is down -1.70 (-0.65%). Crude oil and gasoline prices this morning are moderately lower. An increase in OPEC crude production is bearish for oil prices. Also, today's weakness in stocks curbs confidence...

Barchart · Mar 4, 2024