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The Latest Breaking News from OPEC

Crude Prices End Lower as Cease-Fire Prospects in Gaza Improve

June WTI crude oil (CLM24 ) on Tuesday closed down -0.70 (-0.85%), and June RBOB gasoline (RBM24 ) closed down -3.97 (-1.45%). Crude and gasoline prices Tuesday posted moderate losses. A stronger dollar (DXY00 ) on Tuesday pressured energy prices. Also, an easing of Middle East tensions is weighing on...

Barchart

OPEC: End Of Oil Not In Sight, Says Secretary General

OPEC Secretary General reaffirms oil's significance in global energy landscape amidst renewable energy discussions.

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Crude Prices Finish Higher on Middle East Tensions

June WTI crude oil (CLM24 ) on Friday closed up +0.28 (+0.34%), and May RBOB gasoline (RBK24 ) closed up +1.07 (+0.39%). Crude and gasoline prices posted moderate gains on Friday. Middle East tensions are underpinning crude prices on concerns about an escalation of the Israel-Hamas war. Israel has launched...

Barchart

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Crude Prices Slightly Higher on Middle East Tensions

June WTI crude oil (CLM24 ) this morning is up +0.06 (+0.07%), and May RBOB gasoline (RBK24 ) is down -0.35 (-0.13%). Crude and gasoline prices this morning are mixed. Middle East tensions are underpinning crude prices on concerns of escalation of the Israel-Hamas war. Israel has launched strikes against...

Barchart

3 Energy Stocks Poised for Rapid Growth in May

Oil and gas prices have been surging lately due to an improving demand outlook and persistent supply risks amid geopolitical tensions, creating tailwinds for the energy sector. Thus, it could be wise to invest in fundamentally sound energy stocks Cenovus Energy (CVE), Weatherford International (WFRD), and Gulf Island Fabrication (GIFI)…

StockNews.com

Crude Prices Recover Early Losses as the Dollar Weakens

June WTI crude oil (CLM24 ) on Thursday closed up +0.76 (+0.92%), and May RBOB gasoline (RBK24 ) closed up +2.46 (+0.91%). Crude and gasoline prices recovered from early losses on Thursday and closed moderately higher. Short covering emerged in crude on Thursday when the dollar index fell to a...

Barchart

Energy Demand Concerns Weigh on Crude Prices

June WTI crude oil (CLM24 ) this morning is down -0.50 (-0.59%), and May RBOB gasoline (RBK24 ) is down -1.79 (-0.66%). Crude and gasoline prices this morning are moderately lower on energy demand concerns after US Q1 GDP growth rose less than expected. Losses in crude are limited after...

Barchart

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Crude Prices Settle Lower on Dollar Strength and Easing Iran-Israel Tensions

June WTI crude oil (CLM24 ) on Wednesday closed down -0.55 (-0.66%), and May RBOB gasoline (RBK24 ) closed up +0.76 (+0.28%). Crude and gasoline prices Wednesday settled mixed. Strength in the dollar Wednesday undercut energy prices. Also, oil prices fell on reduced Israel-Iran tensions as it appears Iran will...

Barchart

Crude Settles Higher as the Dollar Weakens and Stocks Rally

June WTI crude oil (CLM24 ) on Tuesday closed up +1.46 (+1.78%), and May RBOB gasoline (RBK24 ) closed up +3.81 (+1.43%). Crude and gasoline prices Tuesday settled moderately higher. A weaker dollar Tuesday was bullish for energy prices. Also, Tuesday's strength in stocks bolstered optimism in the economic outlook...

Barchart

Crude Pushes Higher on Dollar Weakness and Energy Demand Optimism

June WTI crude oil (CLM24 ) this morning is up +0.87 (+1.06%), and May RBOB gasoline (RBK24 ) is up +2.18 (+0.82%). Crude and gasoline prices this morning are moderately higher. A weaker dollar today is bullish for energy prices. Also, today's strength in stocks bolsters optimism in the economic...

Barchart

Crude Closes Lower as Israel-Iran Geopolitical Risks Ease

May WTI crude oil (CLK24 ) on Monday closed down -0.29 (-0.35%), and May RBOB gasoline (RBK24 ) closed down -2.49 (-0.92%). Crude and gasoline prices on Monday posted moderate losses, with gasoline falling to a 6-week low. The main bearish factor for crude prices Monday was an easing of...

Barchart

3 Energy Stocks Set to Soar Beyond Expectations

The energy sector’s prospects are boosted by escalating geopolitical tensions and tight supplies arising from production cuts. Therefore, quality energy stocks Precision Drilling Corporation (PDS), VAALCO Energy (EGY), and Adams Resources & Energy (AE) could be solid buys, as they look likely to soar beyond expectations. Read on.

StockNews.com

Crude Prices Slip as Geopolitical Risks Ease in the Middle East

May WTI crude oil (CLK24 ) this morning is down -0.35 (-0.42%), and May RBOB gasoline (RBK24 ) is -2.66 (-0.98%). Crude and gasoline prices this morning are moderately lower, with gasoline falling to a 6-week low. A stronger dollar today is undercutting energy prices. Crude prices also fell as...

Barchart

1 Warren Buffett Stock to Buy in April as Geopolitical Tensions Rise

Geopolitical tensions in the Middle East have risen after Israel struck back at Iran. Chevron looks like one Warren Buffett stock worth buying amid the rising geopolitical tensions.

Barchart

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Barchart

Crude Closes Higher as Middle East Tensions Remain High

May WTI crude oil (CLK24 ) on Friday closed up +0.41 (+0.50%), and May RBOB gasoline (RBK24 ) closed down -0.34 (-0.13%). Crude and gasoline prices on Friday settled mixed. Crude prices spiked more than +$3 a barrel in overnight trade on escalation of Middle East tensions after US officials...

Barchart

Crude Prices Gain as Israel Launches a Retaliatory Strike on Iran

May WTI crude oil (CLK24 ) this morning is up +0.39 (+0.47%), and May RBOB gasoline (RBK24 ) is up +0.34 (+0.13%). Crude and gasoline prices this morning are moderately higher. Crude prices spiked more than +$3 a barrel in overnight trade on escalation of Middle East tensions after US...

Barchart

Crude Recovers Early Losses on Lingering Geopolitical Risks

May WTI crude oil (CLK24 ) on Thursday closed up +0.04 (+0.05%), and May RBOB gasoline (RBK24 ) closed down -1.50 (-0.55%). Crude and gasoline prices on Thursday settled mixed, with crude rebounding from a 3-week low and gasoline falling to a 2-week low. A stronger dollar Thursday weighed on...

Barchart

Ample US Oil Supplies Weigh on Crude Prices

May WTI crude oil (CLK24 ) this morning is down -0.51 (-0.62%), and May RBOB gasoline (RBK24 ) is down -2.36 (-0.86%). Crude and gasoline prices this morning extended Wednesday's losses, with crude sliding to a 3-week low and gasoline falling to a 2-week low. A stronger dollar today is...

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Barchart

Crude Prices Retreat on Ample US Crude Supplies

May WTI crude oil (CLK24 ) on Wednesday closed down -2.67 (-3.13%), and May RBOB gasoline (RBK24 ) closed down -9.36 (-3.32%). Crude and gasoline prices Wednesday sold off sharply, with crude falling to a 3-week low and gasoline dropping to a 2-week low. Crude prices tumbled after Wednesday's weekly...

Barchart

Crude Prices Drop after EIA Crude Inventories Jump to a 10-Month High

May WTI crude oil (CLK24 ) this morning is down -0.88 (-1.03%), and May RBOB gasoline (RBK24 ) is down -4.99 (-1.77%). Crude and gasoline prices this morning are moderately lower, with crude falling to a 2-week low. Crude prices moved lower after weekly EIA crude inventories rose more than...

Barchart

Crude Prices End Slightly Lower on Dollar Strength

May WTI crude oil (CLK24 ) on Tuesday closed down -0.05 (-0.06%), and May RBOB gasoline (RBK24 ) closed up +3.84 (+1.38%). Crude and gasoline prices on Tuesday settled mixed. Tuesday's rally in the dollar index (DXY00 ) to a 5-1/2 month high weighed on energy prices. However, losses in...

Barchart

Crude Prices Firm on Israel-Iran Tensions

May WTI crude oil (CLK24 ) this morning is up +0.12 (+0.14%), and May RBOB gasoline (RBK24 ) is up +1.82 (+0.65%). Crude and gasoline prices this morning are moderately higher. Crude prices have support on Middle Eastern geopolitical risks as the markets await any response from Israel to Iran's...

Barchart

Crude Closes Slightly Lower on Hopes of Descalation in the Iran-Israel Conflict

May WTI crude oil (CLK24 ) on Monday closed down -0.25 (-0.29%), and May RBOB gasoline (RBK24 ) closed down -1.90 (-0.68%). Crude and gasoline prices on Monday posted moderate losses, with crude prices falling to a 1-1/2 week low. Crude oil prices are lower on hopes that the Iran-Israeli...

Barchart

Crude Prices Retreat on Hopes of Descalation in the Iran-Israel Conflict

May WTI crude oil (CLK24 ) this morning is down -0.90 (-1.05%), and May RBOB gasoline (RBK24 ) is down -3.64 (-1.30%). Crude and gasoline prices this morning are on the defensive, with crude prices falling to a 1-1/2 week low. Crude oil prices are lower on hopes that the...

The Guardian - UK

What next for oil prices after Iran’s attack on Israel?

Prices have fallen but an escalation could spark a rise, with knock-on effects in a big election year

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