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The Latest Breaking News from OPEC

Crude Prices Climb on US Economic Strength and Tighter Global Supplies

February WTI crude oil (CLG25 ) Tuesday closed up +0.69 (+0.94%), and February RBOB gasoline (RBG25 ) closed down -0.0089 (-0.44%). Crude oil and gasoline prices settled mixed on Tuesday. Crude found support Tuesday from stronger-than-expected US economic news that shows economic strength and supports energy demand. Also, falling Russian...

Barchart

Crude Gains on US Economic Strength and Tighter Global Supplies

February WTI crude oil (CLG25 ) today is up +0.79 (+1.07%), and February RBOB gasoline (RBG25 ) is up +0.0026 (+0.13%). Crude oil and gasoline prices today are moderately higher. Stronger-than-expected US economic news today shows economic strength and supports energy demand and crude prices. Also, falling Russian crude exports...

Barchart

Crude Oil Erases Early Gains on Long Liquidation Pressure

February WTI crude oil (CLG25 ) Monday closed down -0.40 (-0.54%), and February RBOB gasoline (RBG25 ) closed down -0.0182 (-0.89%). Crude oil and gasoline prices Monday gave up an early advance and posted moderate losses. Long liquidation pressure emerged in crude futures Monday after prices could not breach $75...

Barchart

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Crude Climbs on Dollar Weakness and Energy Demand Optimism

February WTI crude oil (CLG25 ) today is up +0.28 (+0.38%), and February RBOB gasoline (RBG25 ) is up +0.0030 (+0.15%). Crude oil and gasoline prices today are moderately higher, with crude oil posting a 2-1/2 month high and gasoline posting a 1-1/2 month high. Today's weaker dollar is bullish...

Barchart

Crude Rallies on Dollar Weakness and US Economic Strength

February WTI crude oil (CLG25 ) Friday closed up +0.83 (+1.13%), and February RBOB gasoline (RBG25 ) closed up +0.0018 (+0.09%). Crude oil and gasoline prices finished higher on Friday, with crude oil posting a fresh 2-1/2 month high. Friday's weaker dollar was supportive of energy prices. Signs of US...

Barchart

Crude Prices Climb on Dollar Weakness and US Economic Strength

February WTI crude oil (CLG25 ) today is up +0.65 (+0.89%), and February RBOB gasoline (RBG25 ) is up +0.0057 (+0.28%). Crude oil and gasoline prices today are moderately higher, with crude oil posting a fresh 2-1/2 month high. Today's weaker dollar is supportive of energy prices. Signs of US...

Barchart

Signs of US Economic Strength Push Crude Prices Higher

February WTI crude oil (CLG25 ) Thursday closed up +1.41 (+1.97%), and February RBOB gasoline (RBG25 ) closed up +0.0427 (+2.13%). Crude oil and gasoline prices rallied Thursday, with crude oil posting a 2-1/2 month high and gasoline posting a 6-week high. Signs of US economic strength support energy demand...

Barchart

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Crude Prices Climb on Signs of Strong US Energy Demand

February WTI crude oil (CLG25 ) today is up +1.82 (+2.54%), and February RBOB gasoline (RBG25 ) is up +0.0570 (+2.84%). Crude oil and gasoline prices today are climbing, with crude oil posting a 2-1/2 month high and gasoline posting a 6-week high. Signs of US economic strength support energy...

Barchart

A year of two halves: how global financial markets fared in 2024

Good for equities, good for the US, and good for crypto but the year spawned mixed blessings for the UK, China and Europe

The Guardian - UK

Year-End Short Covering Boosts Crude Prices

February WTI crude oil (CLG25 ) Tuesday closed up +0.73 (+1.03%), and February RBOB gasoline (RBG25 ) closed up +0.0190 (+0.95%). Crude oil and gasoline prices Tuesday posted moderate gains, with crude climbing to an 8-week high and gasoline climbing to a 3-week high. Crude has carryover support from last...

Barchart

Crude Moves Higher in Thin Holiday Trade

February WTI crude oil (CLG25 ) today is up +0.78 (+1.10%), and February RBOB gasoline (RBG25 ) is up +0.0107 (+0.54%). Crude oil and gasoline prices today are pushing higher, with crude posting an 8-week high. Crude has carryover support from last Friday when the weekly EIA report showed that...

Barchart

Crude Settles Higher on Tighter US Supplies and a Surge in Nat-Gas Prices

February WTI crude oil (CLG25 ) Monday closed up +0.39 (+0.55%), and February RBOB gasoline (RBG25 ) closed up +0.0191 (+0.97%). Crude oil and gasoline prices posted moderate gains on Monday, with crude climbing to a 5-week high and gasoline climbing to a 2-week high. Crude has carryover support from...

Barchart

Crude Gains on Tighter US Inventories and Carryover Support From Nat-Gas

February WTI crude oil (CLG25 ) today is up +0.72 (+1.02%), and February RBOB gasoline (RBG25 ) is up +0.0289 (+1.47%). Crude oil and gasoline prices today are moderately higher, with crude posting a 5-week high and gasoline posting a 2-week high. Crude has carryover support from last Friday when...

Barchart

Crude Oil Rallies as Weekly EIA Inventories Fall

February WTI crude oil (CLG25 ) Friday closed up +0.98 (+1.41%), and February RBOB gasoline (RBG25 ) closed up +0.0139 (+0.71%). Crude oil and gasoline prices Friday rallied moderately, with crude posting a 1-week high. Crude found support Friday from a weaker dollar. Crude also has support on this week’s...

Barchart

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Crude Prices Supported by Dollar Weakness Ahead of Weekly EIA Report

February WTI crude oil (CLG25 ) today is up +0.70 (+1.01%), and February RBOB gasoline (RBG25 ) is up +0.0102 (+0.52%). Crude oil and gasoline prices today are moderately higher due to a weaker dollar. Crude also has carryover support from Tuesday when the API reported that weekly US crude...

Barchart

Crude Prices Close Lower on Soft US Labor Market News

February WTI crude oil (CLG25 ) Thursday closed down -0.48 (-0.68%), and February RBOB gasoline (RBG25 ) closed down -0.0119 (-0.60%). Crude oil and gasoline prices Thursday gave up an early advance and closed moderately lower. Crude prices retreated after Thursday's report on weekly US jobless claims showed US continuing...

Barchart

Crude Prices Slightly Higher on Dollar Weakness and a Decline in API Stockpiles

February WTI crude oil (CLG25 ) today is up +0.05 (+0.07%), and February RBOB gasoline (RBG25 ) is down -0.0068 (-0.35%). Crude oil and gasoline prices today are mixed. A weaker dollar today is supportive of energy prices. Crude also garnered some support today after the API reported late Tuesday...

Barchart

Crude Prices Rally on Hopes for Chinese Stimulus

February WTI crude oil (CLG25 ) is up +1.06 (+1.53%), and February RBOB gasoline (RBG25 ) is up +0.0335 (+1.72%). Crude oil prices today are trading higher on hopes for increased Chinese economic stimulus after Reuters reported that China may sell a record 3 trillion yuan ($411 billion) of special...

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Barchart

Crude Prices Fall on Stronger US Dollar

January WTI crude oil (CLF25 ) today is down -0.67 (-0.95%), and January RBOB gasoline (RBF25 ) is down -0.0222 (-1.14%). Crude oil prices are trading lower today on a stronger dollar. In addition, oil prices were undercut by global political uncertainty after President-Elect Trump over the weekend threatened to...

StockNews.com

3 Oil & Gas Stocks That Could Surge With Rising Energy Prices

The oil and gas market’s future growth prospects appear robust amid continuous production cuts by OPEC+, economic growth, and growing demand. Therefore, it could be wise to invest in top stocks VAALCO Energy (EGY), Suncor Energy (SU), and Energy Transfer (ET) for potential gains amid rising prices. Read on.

Barchart

Crude Prices Fall on US Government Shutdown Threat and US-EU Trade Concerns

January WTI crude oil (CLF25 ) is down -0.67 (-0.95%), and January RBOB gasoline (RBF25 ) is up +0.0158 (+0.82%). Crude oil prices are trading lower today due to concern about the possibility of an all-out US-EU trade war after incoming-President Trump today said he would slap tariffs on the...

Barchart

Crude Prices Fall on a Stronger Dollar

January WTI crude oil (CLF25 ) Thursday closed down -0.67 (-0.95%), and January RBOB gasoline (RBF25 ) closed down -0.0200 (-1.03%). Crude oil and gasoline prices settled moderately lower on Thursday, with gasoline falling to a 1-1/2 week low. Thursday's rally in the dollar index (DXY00) to a 2-year high...

Barchart

Dollar Strength Weighs on Crude Oil Prices

January WTI crude oil (CLF25 ) today is down -0.50 (-0.71%), and January RBOB gasoline (RBF25 ) is down -0.0275 (-1.42%). Crude oil and gasoline prices today are under pressure, with gasoline falling to a 1-1/2 week low. Today's rally in the dollar index (DXY00) to a 2-year high is...

Al Jazeera

In Nigeria’s crude capital, a plan to win the war against oil theft

Through security measures, including gunboats, authorities in Rivers State hope to stop criminals and help production.

Barchart

Crude Settles Higher as Kazakhstan Pledges to Limit Crude Output

January WTI crude oil (CLF25 ) Wednesday closed up +0.50 (+0.71%), and January RBOB gasoline (RBF25 ) closed down -0.0011 (-0.06%). Crude oil and gasoline prices settled mixed on Wednesday. Crude rose on the prospects of tighter global oil supplies after Kazakhstan pledged to comply with OPEC+ production quotas. Crude...

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