YOU WONT BELIEVE: 9 | Mind Blowing Facts

Angola is leaving OPEC oil cartel after 16 years after dispute over production cuts

Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year

The Independent UK · Dec 21, 2023

Angola's Shocking Departure: Bidding Farewell to OPEC

Angola takes an audacious step towards energy independence as it announces its departure from OPEC, signaling a bold new era for the African nation.

Top News · Dec 21, 2023

Angola To Quit OPEC Over Oil Production Quotas Disagreement

Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year.

International Business Times · Dec 21, 2023

Crude Prices Supported by Oil Tanker Risks in Red Sea

January WTI crude oil (CLF24 ) this morning is up +1.36 (+1.88%), and Jan RBOB gasoline (RBF24 ) is up +3.14 (+1.46%). Crude oil and gasoline prices this morning are moderately higher but remain below Monday's 2-week highs. A weaker dollar today is bullish for energy prices. Also, geopolitical risks...

Barchart · Dec 19, 2023

Crude Settles Higher as Attacks on Ships in the Red Sea Disrupt Crude Supplies

January WTI crude oil (CLF24 ) on Monday closed up +1.04 (+1.46%), and Jan RBOB gasoline (RBF24 ) closed up +2.20 (+1.03%). Crude oil and gasoline prices Monday climbed to 2-week highs and closed moderately higher. The main bullish factor for crude oil Monday is geopolitical risks after several major...

Barchart · Dec 18, 2023

Crude Prices Jump as Oil Shippers Avoid the Red Sea as Ship Attacks Rise

January WTI crude oil (CLF24 ) this morning is up +2.18 (+3.05%), and Jan RBOB gasoline (RBF24 ) is up +5.55 (+3.60%). Crude oil and gasoline prices this morning rallied sharply to 2-week highs. The main bullish factor for crude oil today is geopolitical risks after several major oil shippers...

Barchart · Dec 18, 2023

Crude Prices Modestly Lower on Dollar Strength and Energy Demand Concerns

January WTI crude oil (CLF24 ) on Friday closed down -0.15 (-0.21%), and Jan RBOB gasoline (RBF24 ) closed up +1.82 (+0.86%). Crude oil and gasoline prices Friday settled mixed, with gasoline posting a 1-week high. A stronger dollar on Friday undercut commodity prices, including crude. Also, weaker-than-expected global manufacturing...

Barchart · Dec 15, 2023

Crude Prices Slip on Dollar Strength and Energy Demand Concerns

January WTI crude oil (CLF24 ) this morning is down -0.27 (-0.38%), and Jan RBOB gasoline (RBF24 ) is up +1.63 (+0.77%). Crude oil and gasoline prices this morning are mixed, with gasoline posting a 1-week high. A stronger dollar today is undercutting commodity prices, including crude. Also, weaker-than-expected global...

Barchart · Dec 15, 2023

Crude Prices Sharply Higher on Dollar Weakness and Economic Optimism

January WTI crude oil (CLF24 ) on Thursday closed up +2.11 (+3.04%), and Jan RBOB gasoline (RBF24 ) closed up +9.39 (+4.64%). Crude oil and gasoline prices Thursday posted 1-week highs and settled sharply higher. Thursday's slump in the dollar index (DXY00 ) to a 4-¼ month low is bullish...

Barchart · Dec 14, 2023

Crude Prices Soar on Dollar Weakness and Economic Optimism

January WTI crude oil (CLF24) this morning is up +2.80 (+4.03%), and Jan RBOB gasoline (RBF24) is up +8.53 (+4.21%). Crude oil and gasoline prices this morning are sharply higher and posted 1-week highs. Today's slump in the dollar index to a 4-month low is bullish for energy prices. Also,...

Barchart · Dec 14, 2023