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The Latest Breaking News from OPEC

3 Emerging Energy Stocks With Untapped Potential for June

The energy sector is growing significantly due to rising oil prices, high global demand, limited supplies, geopolitical tensions, technological progress, and expected easing of monetary policies this year. Therefore, it may be wise to consider buying fundamentally strong energy stocks Newpark Resources (NR), Unit (UNTC), and MV Oil (MVO), which…

StockNews.com

Crude Prices Rebound as Oversold Conditions Spark Some Short Covering

July WTI crude oil (CLN24 ) Wednesday closed up +0.82 (+1.12%), and July RBOB gasoline (RBN24 ) closed up +0.41 (+0.17%). Crude oil and gasoline prices on Wednesday recovered from early losses and finished moderately higher. Technical short-covering emerged in crude futures Wednesday after prices fell for five consecutive sessions...

Barchart

Crude Prices Pressured by Build in Weekly EIA Inventories

July WTI crude oil (CLN24 ) today is down -0.16 (-0.22%), and July RBOB gasoline (RBN24 ) is down -1.42 (-0.60%). Crude oil and gasoline prices today are mildly lower, with crude holding above Tuesday's 4-month low. A stronger dollar today is weighing on energy prices. Crude is also under...

Barchart

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Crude Prices Settle Lower on Ample Supplies and Energy Demand Concerns

July WTI crude oil (CLN24 ) Tuesday closed down -0.97 (-1.31%), and July RBOB gasoline (RBN24 ) closed up +1.39 (+0.60%). Crude oil and gasoline prices on Tuesday settled mixed, with crude falling to a 3-3/4 month low. Crude is under pressure on negative carryover from Sunday when OPEC+ rolled...

Barchart

Crude Prices Under Pressure on Ample Supplies and Energy Demand Concerns

July WTI crude oil (CLN24 ) today is down -0.95 (-1.28%), and July RBOB gasoline (RBN24 ) is up +0.54 (+0.23%). Crude oil and gasoline prices today are mixed, with crude falling to a 3-3/4 month low. A stronger dollar today is weighing on energy prices. Crude is also under...

Barchart

OPEC Plus Extends Oil Production Cuts Through 2025

OPEC extends oil production cuts, impacting global prices and U.S. consumers. Biden taps Strategic Petroleum Reserve amid concerns. U.S. oil production sta...

Top News

BA to hire 350 staff at Heathrow to avoid summer chaos – as it happened

Airline expects this summer to be its busiest since the pandemic and will hire people in customer services and ground handling

The Guardian - UK

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Asian Markets In Reverse As US Data Spark Economy Worries

Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year.

International Business Times

Crude Prices Fall Sharply on OPEC+ Plans to Restore Crude Production

July WTI crude oil (CLN24 ) on Monday closed down -2.77 (-3.60%), and July RBOB gasoline (RBN24 ) closed down -8.18 (-3.39%). Crude oil and gasoline prices tumbled to 3-month lows on Monday. Crude prices retreated after OPEC+ on Sunday unexpectedly rolled out a plan to restore some crude production...

Barchart

Crude Prices Slump on OPEC+ Plans to Restore Crude Production

July WTI crude oil (CLN24) today is down -2.69 (-3.49%), and July RBOB gasoline (RBN24 ) is down -6.98 (-2.89%). Crude oil and gasoline prices today fell sharply to 3-month lows. Crude prices are falling after OPEC+ on Sunday unexpectedly rolled out a plan to restore some crude production in...

Barchart

4 Oil Stocks Set to Dominate in June 2024

With solid energy demand, tight supplies aggravated by extended OPEC+ oil production cuts and geopolitical instability, and innovations in exploration and drilling technologies, the oil and gas industry is well-poised to experience robust expansion. Thus, it could be wise to invest in top oil stocks EOG Resources (EOG), Energy Transfer…

StockNews.com

Here’s what drivers can expect to pay at the gas pump this summer

Gasoline prices have been falling since mid-April.

The Street

Financial sector leads Australian shares higher

The ASX200 finished 0.8 per cent higher, with nine out of 11 sectors rising after a US inflation report came in cooler than expected.

AAP

Oil alliance Opec+ extends crude production curbs into 2025

Ministers at Riyadh meeting agree daily limit of 2m barrels should be in place until end of next year

The Guardian - UK

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Barchart

Economic Concerns Undercut Crude Prices

July WTI crude oil (CLN24 ) Thursday closed down -1.32 (-1.67%), and July RBOB gasoline (RBN24 ) closed down -5.64 (-2.29%). Crude oil and gasoline prices Thursday closed moderately lower. Concern that interest rates will stay higher for longer sparked risk-off sentiment in financial assets on Thursday and undercut crude...

Barchart

Crude Prices Weighed Down by Energy Demand Concerns

July WTI crude oil (CLN24 ) today is down -0.80 (-1.01%), and July RBOB gasoline (RBN24 ) is down -3.53 (-1.44%). Crude oil and gasoline prices today are moderately lower. Concern that interest rates will stay higher for longer have sparked risk-off sentiment in financial assets and are undercutting crude...

Top News

Senate Democrats Call For DOJ Action Against Oil Collusion

Senate Democrats push for DOJ probe into alleged oil industry collusion and price-fixing, citing FTC findings and concerns over increased fuel costs. Repub...

The Street

Goldman Sachs unveils new crude oil market outlook

U.S. oil prices have ascended 10% year to date.

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Barchart

Crude Closes Lower on Dollar Strength and Weak Stocks

July WTI crude oil (CLN24 ) Wednesday closed down -0.60 (-0.75%), and July RBOB gasoline (RBN24 ) closed down -4.19 (-1.67%). Crude oil and gasoline prices Wednesday gave up an early advance and turned lower, with crude falling from a 1-month high. A stronger dollar on Wednesday weighed on energy...

Barchart

Crude Oil Slips Today on Dollar Strength and Weak Stocks

July WTI crude oil (CLN24 ) today is down -0.26 (-0.33%), and July RBOB gasoline (RBN24 ) is down -3.43 (-1.37%). Crude oil and gasoline prices today gave up an early advance and turned lower, with crude falling from a 1-month high. A stronger dollar today is undercutting energy prices....

Barchart

Crude Prices Rally on Heightened Middle East Tensions

July WTI crude oil (CLN24 ) on Tuesday closed up +2.11 (+2.71%), and July RBOB gasoline (RBN24 ) closed up +3.22 (+1.30%). Crude oil and gasoline prices Tuesday rallied, with crude climbing to a 1-week high. Oil prices rallied on geopolitical risks in the Middle East that could lead to...

Barchart

Dollar Weakness and Middle East Tensions Boost Crude Prices

July WTI crude oil (CLN24 ) today is up +1.80 (+2.32%), and July RBOB gasoline (RBN24 ) is up +3.05 (+1.24%). Crude oil and gasoline prices today are sharply higher, with crude climbing to a 1-week high. Today's fall in the dollar to a 1-1/2 week low is bullish for...

International Business Times

Asian Markets Diverge, Dollar Weakens Ahead Of US Inflation Data

Asian markets were mixed Tuesday as investors took a breather after the previous day's rally and as they gear up for the release of key US inflation data later in the week.

StockNews.com

3 High-Yield Energy Stocks for Smart Investors

The energy sector is poised for robust growth driven by resilient global oil and natural gas demand, supply chain volatility amid geopolitical tensions and extended production cuts, and technological innovation. Hence, it could be wise to invest in high-yield energy stocks Chevron (CVX), TotalEnergies (TTE), and BP (BP) for steady…

International Business Times

Most Asian Markets Rise As Traders Eye US Inflation

Most Asian markets rose Monday, tracking a bounce on Wall Street at the end of a painful week for investors, with eyes now on the upcoming release of key US inflation data.

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