Crude Oil Brent Jan '29 (CBF29)
Crude Oil Brent Futures Market News and Commentary
June WTI crude oil (CLM26) on Thursday closed down -0.27 (-0.28%), and June RBOB gasoline (RBM26) closed down -0.0033 (-0.10%). Â Crude oil and gasoline prices closed lower on Thursday on optimism that a US-Iran peace deal is imminent. Â The markets await further updates after the US presented a proposal to Iran that would gradually reopen the Strait of Hormuz and lift the US blockade on Iranian ports. Â Iran is expected to respond via Pakistan in the next few days. Â However, crude prices recovered most of their losses Thursday afternoon on a report that said the US is looking to restart an operation guiding commercial ships through the Strait of Hormuz, which had been paused earlier this week amid pushback from Gulf allies.
Crude prices initially slumped on Thursday after Al Arabiya, a Saudi-affiliated outlet, reported that agreements had been reached to ease the US naval blockade of Iran in exchange for a gradual reopening of the Strait of Hormuz.
Crude prices recovered... Read more
AP · Thu May 7, 3:24PM CDT
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June WTI crude oil (CLM26 ) on Thursday closed down -0.27 (-0.28%), and June RBOB gasoline (RBM26 ) closed down -0.0033 (-0.10%). Crude oil and gasoline...
Barchart · Thu May 7, 2:29PM CDT
June Nymex natural gas (NGM26 ) on Thursday closed up +0.039 (+1.43%). Nat-gas prices recovered from early losses on Thursday and settled higher on a smaller-than-expected...
Barchart · Thu May 7, 1:00PM CDT
Darin Newsom suggests that recent commodity market declines are driven by speculative liquidation and false headlines regarding a ceasefire in Iran, though...
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While Visa has considerably underperformed the S&P 500 over the past year, Wall Street analysts maintain a highly optimistic outlook about the stock’s...
Barchart · Thu May 7, 8:49PM CDT
Tyson Foods has underperformed the S&P 500 over the past year, yet Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects....
Barchart · Thu May 7, 6:30PM CDT
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Barchart · Thu May 7, 4:46PM CDT
Corn futures posted some strength off early lows on Thursday, as contracts were steady to a penny lower in most front months. A few deferreds closed fractionally...
Barchart · Thu May 7, 4:46PM CDT
Lean hog futures posted mixed action on Thursday, with front months down 20 to 32 cents and the rest of the board up a nickel to 80 cents. The CME Lean...
Barchart · Thu May 7, 4:46PM CDT
Cotton futures closed the Thursday session with contracts down 22 to 110 points. The US dollar index was $0.275 higher at $98.150. Despite early talk of...
Barchart · Thu May 7, 4:46PM CDT
The wheat complex remained under pressure on Thursday, with the three markets falling into the close. Chicago SRW futures posted losses of 4 ¼ to 8 cents...
Barchart · Thu May 7, 4:46PM CDT
Live cattle futures closed the Thursday session with contracts down $2.80 to $3.92 despite a failed midday rally off the lows. Cash trade has seen action...
