The Latest Breaking News on Crude Oil Settles Sharply Higher on Heightened Geopolitical Risks

August WTI crude oil (CLQ23 ) on Monday closed -0.85 (-1.20%), and Aug RBOB gasoline (RBQ23 ) closed down -8.25 (-3.24%). Crude oil and gasoline prices Monday gave up an early rally and closed moderately lower. A stronger dollar Monday weighed on energy prices. Also, energy demand concerns undercut oil...

August WTI crude oil (CLQ23) this morning is up +0.55 (+0.78%), and Aug RBOB gasoline (RBQ23) is down -1.39 (-0.55%). This morning, crude oil and gasoline prices are mixed, with crude posting a 1-week high. The main bullish factor for crude prices is today's action by Saudi Arabia to announce...

Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world to try to prop up prices

August WTI crude oil (CLQ23 ) is up +0.64 (+0.92%), and Aug RBOB gasoline (RBQ23 ) is up +0.0116 (+0.46%). Crude oil prices are seeing support from today's rally in stocks, which supports the outlook for the economy and energy demand. Crude oil is getting a boost today from the...

August WTI crude oil (CLQ23 ) Thursday closed up +0.30 (+0.43%), and Aug RBOB gasoline (RBQ23 ) closed up +0.63 (+0.25%). Crude oil prices Thursday saw carry-over support from Wednesday's sharp -9.6 million bbl decline in EIA weekly crude oil inventories, which led to a +2.75% rally in Aug crude...

Jeff Currie, head of global commodities research at Goldman Sachs, believes oil prices will surge 16% this year to $86 per barrel.

August WTI crude oil (CLQ23 ) is up +1.57 (+2.32%), and Aug RBOB gasoline (RBQ23 ) is up +0.0593 (+2.45%). Crude oil prices today rallied on a bullish weekly EIA report. The EIA reported that U.S. crude oil inventories fell sharply by -9.603 million bbl in the week ended June...

The energy sector is well-positioned to witness significant growth this year due to the robust demand and soaring prices. Given this backdrop, fundamentally strong energy stocks TotalEnergies SE (TTE), North European Oil Royalty (NRT), and Permianville Royalty (PVL) could be wise additions to your portfolio now. Read on….

August WTI crude oil (CLQ23 ) Tuesday closed down -1.67 (-2.41%), and Aug RBOB gasoline (RBQ23 ) closed down -3.27 (-1.33%). Crude oil fell as concern resurfaced about Chinese and global economic growth. ECB President Lagarde Tuesday reiterated hawkish comments. Also, there is no longer any concern about Russian oil...

August WTI crude oil (CLQ23 ) today are down -0.78 (-1.12%), and Aug RBOB gasoline (RBQ23 ) are unchanged. Crude oil are lower today as concern resurfaces about Chinese and global economic growth. ECB President Lagarde today reiterated hawkish comments. Also, there is no longer any concern about Russian oil...

August WTI crude oil (CLQ23 ) Monday closed +0.21 (+0.30%), and Aug RBOB gasoline (RBQ23 ) closed up +1..82 (+0.75%). Crude oil and gasoline prices Monday closed mildly higher on weakness in the dollar index and the brief weekend insurrection by the Wagner Group, which initially sparked some concern about...