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The Latest Breaking News from OPEC

UK grocery inflation picks up to 2.3%; unemployment rises while regular wage growth slows – as it happened

Consumers started their Christmas shopping early, Kantar says; UK jobless rate rises to 4.3% while wage growth excluding bonuses is at a two-year low

The Guardian - UK

Crude Closes Lower On China Energy Demand Woes

December WTI crude oil (CLZ24 ) Friday closed down -1.98 (-2.74%), and December RBOB gasoline (RBZ24 ) closed down -0.0411 (-2.00%). Crude oil and gasoline prices Friday were under pressure after Chinese stimulus measures were seen as underwhelming, which may keep Chinese economic growth and energy demand subdued. Also, Friday's...

Barchart

Crude Oil Tumbles on Disappointment About Chinese Stimulus Measures

December WTI crude oil (CLZ24) today is down -2.14 (-2.96%), and December RBOB gasoline (RBZ24) is down -0.0459 (-2.24%). Crude oil and gasoline prices today are under pressure after Chinese stimulus measures were seen as underwhelming, which may keep Chinese economic growth and energy demand subdued. Also, today's dollar strength...

Barchart

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Crude Oil Moves Higher on Dollar Weakness and Energy Demand Optimism

December WTI crude oil (CLZ24 ) Thursday closed up +0.67 (+0.93%), and December RBOB gasoline (RBZ24 ) closed up +0.0182 (+0.89%). Crude oil and gasoline prices recovered from early losses on Thursday, climbed to 3-week highs, and settled moderately higher. Thursday’s weaker dollar boosted crude prices along with the rally...

Barchart

Crude Gains on Dollar Weakness and Strength in Stocks

December WTI crude oil (CLZ24 ) today is up +0.10 (+0.14%), and December RBOB gasoline (RBZ24 ) is up +0.0045 (+0.21%). Crude oil and gasoline prices today are slightly higher on a weaker dollar and the rally in the S&P 500 to a record high, which shows confidence in the...

Barchart

Oil Prices Could Sink To $60 Under Trump Presidency, Citi Warns

However, Citi stated that "there is a risk that Trump imposes more sanctions on oil-producing countries like Venezuela and Iran, which could have bullish effects on oil prices."

Latin Times

Oil Prices Could Sink to $60 Under Trump Presidency, Citi Warns

However, Citi stated that "there is a risk that Trump imposes more sanctions on oil-producing countries like Venezuela and Iran, which could have bullish effects on oil prices."

International Business Times

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Crude Prices Slip on Dollar Strength and a Build in EIA Inventories

December WTI crude oil (CLZ24 ) Wednesday closed down -0.30 (-0.42%), and December RBOB gasoline (RBZ24 ) closed down -0.0092 (-0.45%). Crude oil and gasoline prices settled moderately lower on Wednesday. Crude prices Wednesday were under pressure from a stronger dollar after the dollar index (DXY00 ) surged to a...

Barchart

Crude Recovers Early Losses on Speculation Trump's Policies Will Boost Energy Demand

December WTI crude oil (CLZ24) today is up +0.18 (+0.25%), and December RBOB gasoline (RBZ24) is up +0.0004 (+0.02%). Crude oil and gasoline prices today recovered from early losses and are slightly higher. Short covering emerged in crude today to push prices higher after the S&P 500 soared to a...

Barchart

Crude Prices Supported by Dollar Weakness and Tighter Global Supplies

December WTI crude oil (CLZ24 ) Tuesday closed up +0.52 (+0.73%), and December RBOB gasoline (RBZ24 ) closed up +0.0253 (+1.26%). Crude oil and gasoline prices on Tuesday extended Monday's rally and posted 3-week highs. Tuesday's slide in the dollar index (DXY00 ) to a 2-1/2 week low is bullish...

Barchart

Crude Pushes Higher on Dollar Weakness and Prospects of Tighter Global Supplies

December WTI crude oil (CLZ24 ) today is up +1.07 (+1.50%), and December RBOB gasoline (RBZ24 ) is up +0.0379 (+1.89%). Crude oil and gasoline prices today extended Monday's rally to 3-week highs. Today's slide in the dollar index (DXY00 ) to a 2-week low is bullish for energy prices....

Barchart

Crude Prices Jump as OPEC+ Delays Production Increases

December WTI crude oil (CLZ24 ) Monday closed up +1.98 (+2.85%), and December RBOB gasoline (RBZ24) closed up +0.0528 (+2.68%). Crude oil and gasoline prices rallied to 1-week highs on Monday and settled moderately higher. Monday's fall in the dollar index (DXY00 ) to a 2-week low was bullish for...

Barchart

Which Way Are Crude Oil Prices Going for the Remainder of 2024?

Crude oil prices have ground lower in a highly volatile way since peaking in April 2024. Contributing to this volatility are the upcoming election, the Israel/Iran conflict, and Opec + flip-flopping from increasing production to not. The recent rally of the US dollar has not helped oil prices find much…

Barchart

Crude Rallies on Dollar Weakness and as OPEC+ Delays Output Hikes

December WTI crude oil (CLZ24 ) today is up +1.57 (+2.26%), and December RBOB gasoline (RBZ24 ) is up +0.0483 (+2.46%). Crude oil and gasoline prices today are moderately higher and climbed to 1-week highs. Today's slide in the dollar index (DXY00 ) to a 2-week low supports energy prices....

Barchart

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Top News

UAE Energy Summit Focuses On Oil Production Amid Uncertainty

Explore the UAE's efforts to navigate energy challenges amidst global uncertainties and transitions at the oil-and-gas summit.

StockNews.com

3 Energy Stocks Poised for Strong Growth as Oil Prices Surge

Heightened tensions in the Middle East have ignited a surge in oil prices, casting a spotlight on the energy sector and amplifying its allure. Hence, fundamentally sound energy stocks Sabine Royalty (SBR), Obsidian Energy (OBE), and Energy Transfer (ET), each boasting formidable growth potential, might emerge as opportune buys for…

Barchart

Crude Rallies on Report Iran to Attack Israel Through Iraqi Proxies

December WTI crude oil (CLZ24 ) today is up +0.95 (+1.37%), and December RBOB gasoline (RBZ24 ) is up +0.0169 (+0.86%). Crude oil and gasoline prices are climbing today on concern that hostilities in the Middle East may escalate and disrupt crude supplies. There was a report from Axios today...

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news in one place.

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Barchart

Crude Settles Higher on Tighter US Supplies and Global Energy Demand Optimism

December WTI crude oil (CLZ24 ) Thursday closed up +0.65 (+0.95%), and December RBOB gasoline (RBZ24 ) closed up +0.0148 (+0.76%). Crude oil and gasoline prices Thursday settled moderately higher. Crude is supported by positive carryover from Wednesday after weekly EIA crude and gasoline inventories unexpectedly declined. Crude is also...

Barchart

Crude Climbs on Tighter US Supplies and Global Energy Demand Optimism

December WTI crude oil (CLZ24 ) today is up +1.07 (+1.56%), and December RBOB gasoline (RBZ24 ) is up +0.0245 (+1.25%). Crude oil and gasoline prices today are moderately higher. Crude is supported by positive carryover from Wednesday after weekly EIA crude and gasoline inventories unexpectedly declined. Crude is also...

Barchart

Crude Rallies on Middle East Tensions and Tighter EIA Inventories

December WTI crude oil (CLZ24 ) Wednesday closed up +1.40 (+2.08%), and December RBOB gasoline (RBZ24 ) closed up +0.0411 (+2.14%). Dec crude oil prices Wednesday rallied on a weaker dollar. Also, lingering Middle East tensions are bullish for crude after Israel vowed to strike Iran "very hard" should it...

Barchart

Crude Oil Jumps on Middle East Tensions and an Unexpected Draw in EIA Inventories

December WTI crude oil (CLZ24 ) today is up +1.72 (+2.56%), and December RBOB gasoline (RBZ24 ) is up +0.0468 (+2.44%). Dec crude oil prices today are moderately higher. Dollar weakness today is supportive of energy prices. Also, lingering Middle East tensions are supporting crude after Israel vowed to strike...

StockNews.com

3 Oil Stocks With High Upside as Global Demand Rebounds

The outlook for oil demand growth appears promising despite economic uncertainties and worldwide supply deficit. Amid this, investing in quality oil stocks Enterprise Products Partners (EPD), Marathon Oil (MRO), and Plains All American Pipeline (PAA) could be ideal as global demand rebounds. Read more.

The Guardian - UK

Petrol and food prices will fall thanks to oil glut, says World Bank

Downward trend in oil price from higher production, falling demand in China and clean energy to continue

Capital & Main

Drill, Baby, Drill? Former Big Oil Exec Says That’s Exactly What the Industry Doesn’t Need.

Former ConocoPhillips economist Marianne Kah on the election: Whether it's Harris or Trump, the outcome likely won't affect oil production.

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