Crude oil futures eyeing $64.75 breakout, targeting $69.80 as OPEC supply fears and Iran tensions fuel bullish momentum in energy markets.

March WTI crude oil (CLH26 ) today is up +2.05 (+3.26%), and March RBOB gasoline (RBH26 ) is up +0.0196 (+1.03%). Crude oil and gasoline prices added to this week's sharp gains today, with crude oil climbing to a 4.

Iran’s crude oil production edged down marginally in December 2025 even as overall output by the Organization of the Petroleum Exporting Countries (OPEC) increased, according to the group’s latest monthly report.

Citi expects the U.S. and Israel to take limited actions against Iran in the near term that avoid an escalatory response to push the country into a deal over its nuclear programme, the bank said in a note on Thursday.

OPEC's oil output fell in December due to lower supply from Iran and Venezuela, which offset an OPEC+ agreement to raise production for the month, a Reuters survey found on Friday. The Organization of the Petroleum Exporting Countries pumped 28.40 million ...

Global oil prices eased following US President Donald Trump's recent comments, which signaled a halt to military action against Iran. However, Peter McGuire, CEO of Australia-Trading.com, warned that markets still remain at risk.

LONDON, Jan 9 (Reuters) - (This Jan 9 story has been updated to fix the hyperlinks in paragraphs 1 and 3) OPEC's oil output fell in December due to lower supply from Iran and Venezuela, which offset an OPEC+ agreement to raise production for the month, a ...