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Crude Oil Brent Dec '23 (CBZ23)
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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 Wed, Oct 4th, 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 Posts Moderate Gains on Tight Global Supplies

November WTI crude oil (CLX23) on Tuesday closed up +0.41 (+0.46%), and Nov RBOB gasoline (RBX23) closed down -5.21 (-2.16%).

Nov WTI crude oil and gasoline prices on Tuesday settled mixed, with gasoline falling to a 5-month low.  Tuesday's rally in the dollar index (DXY00) to a 10-1/4 month high is negative for energy prices.  Crude prices have support on tightness in global crude supplies.  Gains in crude were limited, and gasoline fell, as Tuesday's jump in T-note yields to a 16-year high may curb economic growth and energy demand.

Tuesday's U.S. economic news was better than expected and was bullish for energy demand and crude prices after the Aug JOLTS job openings unexpectedly rose +690,000 to 9.610 million, showing a stronger labor market than expectations for a decline to 8.815 million.

Hawkish Fed comments on Tuesday pushed the 10-year T-note yield to a 16-year high, which may weigh on economic growth and energy demand.  Cleveland Fed President Mester said... Read more

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