Crude Oil WTI Aug '26 (CLQ26)
Crude Oil WTI Futures Market News and Commentary
August WTI crude oil (CLQ26) today is down -0.91 (-1.33%), and August RBOB gasoline (RBQ26) is down -0.0758 (-2.57%).
Crude oil and gasoline prices extended their three-week-long slide today, with crude falling to a new 4.25-month low.  Crude prices are falling today as an increase in Middle Eastern oil supplies eases global oil supply concerns. Saudi Arabian and United Arab Emirates (UAE) crude shipments have nearly fully recovered to pre-war levels.
Crude prices deepened their slide today as the recovery in flows through the Persian Gulf accelerated, sparking concerns of a supply glut. According to data compiled by Bloomberg, Saudi Arabian crude exports have risen to 6.3 million bpd, or 90% of pre-war levels, in the six days through Wednesday. Also, the UAE ramped up shipments of crude oil and condensates by 30% in June to more than 3.9 million bpd, restoring its oil exports to pre-war levels.
Crude prices tumbled on Wednesday after a senior US administration... Read more
Barchart · Thu Jul 2, 10:35AM CDT
August WTI crude oil (CLQ26 ) today is down -0.91 (-1.33%), and August RBOB gasoline (RBQ26 ) is down -0.0758 (-2.57%). Crude oil and gasoline prices extended...
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