Crude Oil Brent Mar '29 (CBH29)
Crude Oil Brent Futures Market News and Commentary
May WTI crude oil (CLK26) today is up +4.87 (+5.81%), and May RBOB gasoline (RBK26) is up +0.1140 (+3.79%). Â Crude oil and gasoline prices are sharply higher today after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to lift a naval blockade of Iran's vessels. Â Also, the US Navy fired upon and boarded an Iranian-flagged cargo ship in the Gulf of Oman, the first seizure in the US blockade of the Strait of Hormuz, which threatens to derail US-Iran peace talks. Â Crude prices extended their advance today after President Trump said it's "highly unlikely" he will extend the ceasefire with Iran after Wednesday. Â
Escalating tensions in the Middle East are keeping the Strait of Hormuz closed and supporting energy prices. Â The UK reported Saturday that a tanker was approached by Iranian gunboats off the coast of Oman before being fired at, and an unknown projectile hit a container ship in a separate incident. Â India also said some of it... Read more
Barchart · Mon Apr 20, 10:30AM CDT
May WTI crude oil (CLK26 ) today is up +4.87 (+5.81%), and May RBOB gasoline (RBK26 ) is up +0.1140 (+3.79%). Crude oil and gasoline prices are sharply...
Gold Price Forecast · Mon Apr 20, 10:13AM CDT
This is yet another time when gold failed to hold above its 50% retracement, and it has consequences.
Barchart · Mon Apr 20, 8:00AM CDT
The past decade has taught has to predict what will be said, and why, leading to the rise of predictive market websites as "trading" platforms, among other...
Barchart · Mon Apr 20, 7:44AM CDT
DTE Energy will release its first-quarter earnings soon, and analysts anticipate a double-digit profit dip.
Barchart · Sun Apr 19, 11:53AM CDT
Vistra will release its first-quarter earnings next month, and analysts anticipate a triple-digit bottom-line growth.
Bull Strangle Newsletter · Sat Apr 18, 11:40AM CDT
Most traders think they’re diversified—until everything starts moving together. This article breaks down how correlation within commodity groups creates...
Barchart · 3 minutes ago
Compass Pathways stock rallies as Trump’s new executive order aims at accelerating approval and research of psychedelic medicines. But is it too late...
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Barchart · 19 minutes ago
May NY world sugar #11 (SBK26 ) on Monday closed up +0.16 (+1.20%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +5.30 (+1.29%). Sugar prices moved...
Barchart · 20 minutes ago
May ICE NY cocoa (CCK26 ) on Monday closed up +112 (+3.52%), and May ICE London cocoa #7 (CAK26 ) closed up +80 (+3.34%). Cocoa prices rose sharply on...
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