Crude Oil Brent Jan '30 (CBF30)
Crude Oil Brent Futures Market News and Commentary
May WTI crude oil (CLK26) today is up +1.22 (+1.34%), and May RBOB gasoline (RBK26) is up +0.0446 (+1.47%). Crude oil and gasoline prices recovered from early losses on Wednesday and moved higher amid the US naval blockade of the Strait of Hormuz, which continues to curb global oil supplies. Crude prices added to their gains today after weekly EIA crude inventories unexpectedly declined.
Crude prices initially dipped to a 3-week low today after AP reported that the US and Iran had reached an “in principle agreement” to extend the ceasefire to allow more time for diplomacy. President Trump on Tuesday said peace talks with Iran could restart “over the next two days,” and extending a ceasefire that expires next week may not be necessary as the war is “close to over.”
Persian Gulf oil producers have been forced to cut production by roughly 6% due to the closure of the Strait of Hormuz as local storage facilities reach capacity. On Monday, the US began a blockade of all... Read more
Barchart · Wed Apr 15, 11:46AM CDT
A recent story in Barrons talked about how the predictive market site Kalshi was adding new commodities for "trading"; commodities like Natural Gas and...
Barchart · Wed Apr 15, 10:40AM CDT
May WTI crude oil (CLK26 ) today is up +1.22 (+1.34%), and May RBOB gasoline (RBK26 ) is up +0.0446 (+1.47%). Crude oil and gasoline prices recovered...
Gold Price Forecast · Wed Apr 15, 9:56AM CDT
Words vs. Reality - which one will win?
Blue Line Futures · Wed Apr 15, 8:56AM CDT
Update: The headline machine is running this morning. President Trump said this morning that China was “happy” with the “permanent reopening of the...
Barchart · Wed Apr 15, 8:55AM CDT
Devon Energy will release its first-quarter earnings next month, and analysts anticipate a double-digit profit dip.
Barchart · Wed Apr 15, 8:44AM CDT
Marathon Petroleum will release its first-quarter earnings next month, and analysts anticipate a robust triple-digit bottom-line growth.
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May NY world sugar #11 (SBK26 ) on Wednesday closed down -0.37 (-2.67%), and May London ICE white sugar #5 (SWK26 ) closed down -4.70 (-1.11%). Sugar prices...
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May ICE NY cocoa (CCK26 ) on Wednesday closed down -80 (-2.25%), and May ICE London cocoa #7 (CAK26 ) closed down -56 (-2.14%). Cocoa prices fell from...
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May arabica coffee (KCK26 ) on Wednesday closed up +1.60 (+0.53%), and May ICE robusta coffee (RMK26 ) closed up +70 (+2.02%). Coffee prices settled higher...
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