The Latest Breaking News from OPEC

Effective closure of the narrow waterway could spell trouble for many developed economies

Americans are about to feel the impact of the military strikes.

April WTI crude oil (CLJ26 ) on Friday closed up +1.81 (+2.78%), and April RBOB gasoline (RBJ26 ) closed up +0.0318 (+1.41%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 7-month high and gasoline posting an 8-month high. Concerns about a potential US strike on...

April WTI crude oil (CLJ26 ) today is up +1.45 (+2.22%), and April RBOB gasoline (RBJ26 ) is up +0.0271 (+1.20%). Crude oil and gasoline prices are moving sharply higher today, with crude posting a 7-month high and gasoline posting an 8-month high. Concerns about a potential US strike on...

April WTI crude oil (CLJ26 ) on Thursday closed down -0.21 (-0.32%), and April RBOB gasoline (RBJ26 ) closed up +0.0079 (+0.35%). Crude oil and gasoline prices settled mixed on Thursday in volatile trade, with crude falling to a 1-week low. Crude prices whipsawed between higher and lower, then lower...

April WTI crude oil (CLJ26 ) today is up +1.01 (+1.54%), and April RBOB gasoline (RBJ26 ) is up +0.0256 (+1.14%). Crude oil and gasoline prices recovered from early losses and whipsawed higher on signs that talks between the US and Iran remain tense, sparking fears that the US could...

April WTI crude oil (CLJ26 ) on Wednesday closed down -0.21 (-0.32%), and April RBOB gasoline (RBJ26 ) is up +0.0152 (+0.68%). Crude oil and gasoline prices gave up an early advance on Wednesday and settled mixed. Wednesday's bearish EIA inventory report weighed on crude oil prices. However, dollar weakness...

April WTI crude oil (CLJ26 ) on Tuesday closed down -0.68 (-1.03%), and April RBOB gasoline (RBJ26 ) closed down -0.0163 (-0.73%). Crude oil and gasoline prices settled lower on Tuesday amid a stronger dollar. Crude prices also retreated as geopolitical risks eased slightly over an imminent US attack on...

April WTI crude oil (CLJ26 ) today is down -0.27 (-0.41%), and April RBOB gasoline (RBJ26 ) is down -0.0111 (-0.49%). Crude oil and gasoline prices are moving lower today amid a stronger dollar. Crude prices also fell as geopolitical risks eased slightly over an imminent US attack on Iran...

April WTI crude oil (CLJ26 ) on Monday closed down -0.17 (-0.26%), and April RBOB gasoline (RBJ26 ) closed up +0.0035 (+0.16%). Crude oil and gasoline prices gave up early gains on Monday and settled mixed, with crude retreating from a 6.5-month high. Monday's slump in equity markets undercuts confidence...

April WTI crude oil (CLJ26 ) today is up +0.54 (+0.81%), and April RBOB gasoline (RBJ26 ) is up +0.0161 (+0.72%). Crude oil and gasoline prices are moving higher today, with crude climbing to a 6.5-month high. Dollar weakness today is supportive for energy prices. Also, ongoing geopolitical risks in...