March WTI crude oil (CLH26) closed down -0.04 (-0.06%) on Friday and March RBOB gasoline (RBH26) closed down -0.0093 (-0.46%). Crude oil and gasoline prices fell on Friday amid concerns about energy demand after U.S. fourth-quarter GDP grew at a slower-than-expected pace. However, crude oil losses were limited due to a weaker dollar and geopolitical…
Today January WTI Crude Oil (CLF26) rose +0.76 (+1.38%) and January RBOB Gasoline (RBF26) rose +0.0166 (+0.99%). Crude oil and gasoline prices are rising today amid increased geopolitical risks in Venezuela and Russia. President Trump ordered a blockade of sanctioned tankers off Venezuela, and the United States is preparing new sanctions on Russian energy exports…
January WTI Crude Oil (CLF26) is down -0.91 (-1.51%), and January RBOB Gasoline (RBF26) is down -0.0279 (-1.52%) today. Crude oil and gasoline prices are falling today, with gasoline falling to a 1-and-a-half-week low. The strength of the dollar today is undermining energy prices. Furthermore, the current weakness in stock prices weighs on confidence in…
January WTI Crude Oil (CLF26) closed Friday up +0.41 (+0.69%) and January RBOB Gasoline (RBF26) closed up +0.0070 (+0.38%). Crude oil and gasoline prices closed higher on Friday, with crude oil hitting a two-week high. Crude oil prices are supported by prospects for a continued war in Ukraine, which will keep sanctions on Russian energy…
January WTI Crude Oil (CLF26) closed Tuesday down -0.68 (-1.15%) and January RBOB Gasoline (RBF26) closed down -0.00386 (-2.07%). Crude oil and gasoline prices fell on Tuesday in hopes of ending the Russian-Ukrainian war as key parties exchange various peace plans. The end of the war could allow restrictions on Russian energy exports to be…
By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Nov 30 (Reuters) – OPEC+ countries agreed to maintain group-wide oil production quotas for 2026 at a meeting on Sunday, and also agreed on “a mechanism to assess members’ maximum oil production capacity,” OPEC said in a statement. Eight OPEC+ countries, which will hold a separate…
Today, January WTI Crude Oil (CLF26) rose +0.08 (+0.14%), and January RBOB Gasoline (RBF26) rose +0.0110 (+0.61%). Crude oil and gasoline prices are slightly higher today. The weakness of the dollar today is driving crude oil prices. Additionally, doubts over a deal to end the Russo-Ukrainian war have prompted some crude short coverage after European…
December WTI Crude Oil (CLZ25) closed Tuesday down -0.49 (-0.80%), and December RBOB Gasoline (RBZ25) closed up +0.0067 (+0.35%). Crude oil prices fell on Tuesday amid pressure from a stronger dollar, as the dollar index (DXY00) rose to a three-month high. Additionally, Tuesday’s stock market decline has dampened confidence in the economic outlook and energy…
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW (Reuters) – OPEC+ is set to agree on another modest increase in oil output targets on Sunday, three sources familiar with the talks said, as the producer group tempers plans to regain market share due to growing fears of oversupply. OPEC+ has raised its production targets…
By Olesya Astakhova, Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/MOSCOW (Reuters) – OPEC+ agreed on Sunday to a small increase in oil output for December and a pause in increases in the first quarter of next year, as the producer group moderates plans to regain market share due to growing fears of a…
