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Crude Oil Brent Feb '24 (CBG24)
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Crude Oil Brent Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil Brent prices and Crude Oil Brent futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Sat, Dec 9th, 2023.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil Brent Historical Prices page.

Crude Oil Brent Futures Market News and Commentary

Crude Rebounds as U.S. Refills the Strategic Petroleum Reserve

January WTI crude oil (CLF24) on Friday closed up +1.86 (+2.68%), and Jan RBOB gasoline (RBF24) closed up +0.0498 (+2.49%).

Crude oil prices Friday rebounded from Thursday's 5-1/4 month low and posted moderate gains.  Crude rallied Friday after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment reduced recession fears and bolstered the outlook for a soft landing, a positive factor for energy demand and crude prices.  Also, plans by the U.S. to refill its strategic petroleum reserve are supportive of crude.  On the negative side was Friday's rally in the dollar index (DXY00) to a 3-week high.  

Crude prices found support Friday after the U.S. Energy Department issued a solicitation to buy as much as 3 million bbl of sour crude for delivery in March to refill the strategic petroleum reserve.  That comes on top of a previous tender to buy the same amount for February.  The Energy Department said it will hold monthly tenders to buy oil to r... Read more

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