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The Latest Breaking News from OPEC

Crude Rises on Possible Sanctions on Russian and Iranian Crude

January WTI crude oil (CLF25 ) today is up +0.80 (+1.14%), and January RBOB gasoline (RBF25 ) is up +0.0112 (+0.56%). Crude oil and gasoline prices today are moderately higher and posted 2-1/2 week highs. The prospects for additional sanctions on Russian and Iranian crude supplies are pushing oil prices...

Barchart

Crude Closes Lower on the Outlook for a Global Crude Glut

January WTI crude oil (CLF25 ) Thursday closed down -0.27 (-0.38%), and January RBOB gasoline (RBF25 ) closed up +0.0027 (+0.14%). Crude oil and gasoline prices Thursday fell back from 2-1/2 week highs and settled mixed. Thursday's rally in the dollar index (DXY00 ) to a 2-week high weighed on...

Barchart

Crude Tumbles as the IEA Projects a Global Crude Surplus Next Year

January WTI crude oil (CLF25 ) today is down -0.92 (-1.31%), and January RBOB gasoline (RBF25 ) is down -0.0239 (-1.20%). Crude oil and gasoline prices today fell back from 2-1/2 week highs and are moderately lower. Today's rally in the dollar index (DXY00 ) to a 2-week high is...

Barchart

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Crude Rallies on the Potential for Additional US Sanctions on Russian Oil

January WTI crude oil (CLF25 ) Wednesday closed up +1.70 (+2.48%), and January RBOB gasoline (RBF25 ) closed up +0.0290 (+1.48%). Crude oil and gasoline prices posted moderate gains Wednesday, with crude climbing to a 1-week high and gasoline rising to a 2-week high. Crude prices rallied Wednesday on the...

Barchart

Crude Climbs on the Possibility of Tighter US Sanctions on Russian Oil

January WTI crude oil (CLF25 ) today is up +1.10 (+1.60%), and January RBOB gasoline (RBF25 ) is up +0.0167 (+0.85%). Crude oil and gasoline prices today are moderately higher, with crude posting a 1-week high and gasoline posting a 2-week high. Crude prices are climbing today on the possibility...

Barchart

Crude Prices Finish Higher on Hopes of Improved Chinese Energy Demand

January WTI crude oil (CLF25 ) Tuesday closed up +0.22 (+0.32%), and January RBOB gasoline (RBF25 ) closed up +0.0043 (+0.22%). Crude oil and gasoline prices posted modest gains on Tuesday. Crude prices rose Tuesday on carryover support from Monday when the Chinese government pledged to revive the economy, which...

Barchart

Crude Supported by China Stimulus Optimism

January WTI crude oil (CLF25 ) today is up +0.62 (+0.91%), and January RBOB gasoline (RBF25 ) is up +0.0190 (+0.97%). Crude oil and gasoline prices today are moderately higher. Crude is climbing today on carryover support from Monday when the Chinese government pledged to revive the economy, which will...

Barchart

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Crude Prices Finish Higher as China Vows to Ramp-Up Economic Stimulus

January WTI crude oil (CLF25 ) Monday closed up +1.17 (+1.74%), and January RBOB gasoline (RBF25 ) closed up +0.0463 (+2.43%). Crude oil and gasoline prices rallied Monday in the hopes that additional stimulus measures by the Chinese government will boost energy demand in China, the world's second-largest crude consumer....

Barchart

Crude Prices Jump as China Vows to Ramp-Up Stimulus

January WTI crude oil (CLF25 ) today is up +1.56 (+2.32%), and January RBOB gasoline (RBF25 ) is up +0.0508 (+2.66%). Crude oil and gasoline prices today are climbing in the hopes that additional stimulus measures by the Chinese government will boost energy demand in China, the world's second-largest crude...

Barchart

OPEC's market power is 'less than you would imagine' and the US doesn't need to get fussed over the cartel, State Dept. official says

U.S. oil production is expected to climb to 13.5 million barrels a day in 2025 from 13.2 million in 2024.

Fortune

3 Top-Tier Energy Stocks Primed for Massive Gains

With the highly optimistic outlook for global oil demand and current market shifts, the energy industry is booming. Amid this backdrop, investors could buy solid energy stocks like Exxon Mobil (XOM), Chevron (CVX), and EOG Resources (EOG) for significant gains. Keep reading.

StockNews.com

Crude Prices Slip on Dollar Strength and Oversupply Concerns

January WTI crude oil (CLF25 ) today is down -0.94 (-1.38%), and January RBOB gasoline (RBF25 ) is down -0.0255 (-1.32%). Crude oil and gasoline prices today are moderately lower, with crude posting a 2-1/2 week low and gasoline posting a 2-month low. A stronger dollar today is bearish for...

Barchart

Signs of Weak Global Energy Demand Undercut Crude Prices

January WTI crude oil (CLF25 ) Thursday closed down -0.24 (-0.35%), and January RBOB gasoline (RBF25 ) closed down -0.0066 (-0.34%). Crude oil and gasoline prices posted moderate losses on Thursday. Crude prices fell as Thursday's weaker-than-expected global economic news signals stagnant fuel demand. A weaker dollar Thursday limited losses...

Barchart

Are Crude Oil Prices Going Lower?

Crude oil prices are holding near $70 per barrel. Meanwhile, the incoming administration’s plans and the international oil cartel’s response could mean that prices will by significantly lower in 2025.

Barchart

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Barchart

Crude Recovers Early Losses as OPEC+ Delays Planned Crude Output Hikes

January WTI crude oil (CLF25 ) today is up +0.11 (+0.16%), and January RBOB gasoline (RBF25 ) is up +0.0023 (+0.12%). Crude oil and gasoline prices today recovered from early losses and turned higher as the dollar weakened. Gains in crude accelerated today after OPEC+ said it would delay the...

Benzinga

OPEC+ Extends Oil Output Cuts To Late 2026: What It Means For Markets

The OPEC+ group extends production cuts until 2026, with gradual increases and extended compensation period. Analysts view this as cautious market management.

Top News

OPEC+ Considers Delaying Oil Production Increase Amid Stagnant Demand

OPEC+ alliance weighs delaying oil production increase amid sluggish demand and competition, impacting global oil prices and U.S. gasoline costs.

The Independent UK

OPEC+ oil alliance faces stagnant prices for crude while US drivers enjoy cheaper gasoline

The OPEC+ alliance of oil exporting countries is deciding on whether to produce more crude as members face sluggish demand and competing production from non-allied countries, factors that could keep oil prices stagnant into next year

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news in one place.

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International Business Times

OPEC+ Expected To Extend Oil Supply Cuts

The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop in prices in a global market awash in crude.

Barchart

Crude Prices Tumble on US Energy Demand Concerns

January WTI crude oil (CLF25 ) Wednesday closed down -1.40 (-2.00%), and January RBOB gasoline (RBF25 ) closed down -0.0233 (-1.19%). Crude oil and gasoline prices Wednesday gave up an early advance and settled moderately lower. Weaker than expected US economic news Wednesday on Nov ADP employment and Nov ISM...

Barchart

Crude Prices Slip on Weak US Economic News

January WTI crude oil (CLF25 ) today is down -0.41 (-0.59%), and January RBOB gasoline (RBF25 ) is up +0.0017 (+0029%). Crude oil and gasoline prices today are mixed. Softer than expected US economic news today on Nov ADP employment and Nov ISM services is negative for energy demand and...

Barchart

Crude Oil Rises on Dollar Weakness and Iran Crude Sanctions

January WTI crude oil (CLF25 ) Tuesday closed up +1.84 (+2.70%), and January RBOB gasoline (RBF25 ) closed up +0.0452 (+2.36%). Crude oil and gasoline prices on Tuesday pushed moderately higher due to a weaker dollar. Crude extended its gains Tuesday after the US imposed more sanctions on Iranian crude,...

Barchart

Crude Prices Jump on Dollar Weakness and Additional US Sanctions on Iran

January WTI crude oil (CLF25 ) today is up +1.54 (+2.26%), and January RBOB gasoline (RBF25 ) is up +0.0396 (+2.07%). Crude oil and gasoline prices today are climbing due to a weaker dollar. Crude extended its gains today after the US imposed more sanctions on Iranian crude, curbing global...

Benzinga

Asia And Europe Markets Gain; Oil Rises Ahead of OPEC+ Meeting - Global Markets Today While US Slept

Economic data shows mixed U.S. market close, construction spending up, ISM manufacturing PMI surpasses expectations. Most S&P 500 sectors decline, Dow falls. Asian markets up.

Benzinga

Gas Prices Fall For 7th Straight Week To $3 Per Gallon, Reaching 2021 Levels

The national average price of gas has fallen for the seventh straight week to $3 per gallon, the lowest level since May 2021. The price of gas has fallen slightly, 0.6 cents from last week, and is 23.2 cents lower than a year ago.

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