The Latest Breaking News from OPEC

November WTI crude oil (CLX23 ) this morning is up +0.78 (+0.88%), and Nov RBOB gasoline (RBX23 ) is down -4.96 (-2.06%). Nov WTI crude oil and gasoline prices this morning are mixed, with gasoline falling to a 5-month low. Today's rally in the dollar index to a 10-1/4 month...

November WTI crude oil (CLX23 ) on Monday closed down -1.97 (-2.17%), and Nov RBOB gasoline (RBX23 ) closed up +1.27 (+0.53%). Nov WTI crude oil and gasoline prices on Monday settled mixed. Monday's rally in the dollar index to a 10-month high was bearish for energy prices. Crude prices...

November WTI crude oil (CLX23 ) on Friday closed up +0.40 (+0.45%), and Nov RBOB gasoline (RBX23 ) closed down -5.62 (-2.19%). Nov WTI crude oil and gasoline prices on Friday settled mixed, with gasoline falling to a 2-week low. A rally in the dollar index today to a 6-1/2...

Lower investment in new oil production and production cuts by many producers will lead to higher crude prices for years to come, a JPMorgan analyst warns.

November WTI crude oil (CLX23 ) this morning is up +0.81 (+0.90%), and Nov RBOB gasoline (RBX23 ) is down -1.29 (-0.50%). Nov WTI crude oil and gasoline prices this morning are mixed. A rally in the dollar index today to a 6-1/2 month high is bearish for energy prices....

November WTI crude oil (CLX23 ) on Thursday closed down -0.03 (-0.03%), and Nov RBOB gasoline (RBX23 ) closed down -0.26 (-0.10%). Nov WTI crude oil and gasoline prices on Thursday whipsawed throughout the day and finally settled with modest losses. An early rally in the dollar index (DXY00 )...

November WTI crude oil (CLX23 ) this morning is up +0.83 (+0.93%), and Nov RBOB gasoline (RBX23 ) is up +1.96 (+0.76%). Nov WTI crude oil and gasoline prices this morning shook off early losses and are moderately higher after Russia banned gasoline and diesel exports, further tightening global fuel...

Production cuts are aimed at preventing oversupply in the global oil market are expected to boost oil prices potentially. Moreover, the energy services industry is thriving thanks to robust demand. Hence, fundamentally sound energy stocks Schlumberger (SLB), Oceaneering International (OII), and Archrock (AROC) might be suitable additions to one’s watchlist.

October WTI crude oil (CLV23 ) on Wednesday closed down -0.92 (-1.01%), and Oct RBOB gasoline (RBV23 ) closed down -3.89 (-1.46%). Oct WTI crude oil and gasoline prices Wednesday gave up early gains and posted moderate losses after the Federal Reserve raised its estimate for interest rates next year,...