Crude Oil Brent Apr '23 (CBJ23)
Crude Oil Brent Futures Market News and Commentary
May WTI crude oil (CLK26) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving higher today, with crude posting a 4-week high. Crude prices rallied after President Trump said the US could leave the Iran war right now but he "wants to finish it up." Mr. Trump is threatening to unleash “all hell” on Iran if the Strait of Hormuz is not reopened to all shipping traffic by Tuesday. Prices fell from their best levels today on a reported push for a ceasefire in Iran.
Crude prices fell from their best level today after Axios reported that the US, Iran, and a group of regional mediators are discussing the terms for a potential 45-day ceasefire that could lead to a permanent end to the war. On Sunday, President Trump extended his previous 10-day deadline for Iran to open the Strait of Hormuz by 20 hours until Tuesday evening and threatened to unleash “all hell” on Iran if the Strait of Hormuz is not reopened to... Read more
Barchart 1 hour ago
May WTI crude oil (CLK26 ) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26 ) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving...
Barchart 1 hour ago
My reads on real market fundamentals in crude oil indicate there is indeed a short-term supply scare in place.
Blue Line Futures Mon Apr 6, 8:41AM CDT
Update: On Friday, Iran downed a US fighter jet – with the pilot reportedly ejecting to safety. Over the weekend a US rescue operation took place with...
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The war in Iran is driving a historic surge in energy and grain prices while simultaneously threatening to break the cattle market due to rising input...
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