Crude Oil Brent Apr '30 (CBJ30)
Crude Oil Brent Futures Market News and Commentary
May WTI crude oil (CLK26) on Tuesday closed down -7.80 (-7.87%), and May RBOB gasoline (RBK26) closed down -0.0765 (-2.46%). Crude oil and gasoline prices fell sharply on Tuesday in hopes that the US and Iran would extend peace negotiations. Crude prices extended their losses on Tuesday after the US authorized some Russian crude oil transactions.
Crude prices tumbled on Tuesday as the US and Iran are in discussions to hold additional negotiations on a longer-term ceasefire and to extend the two-week ceasefire that expires on April 22. The New York Post reported that President Trump said talks could resume "over the next two days" in Pakistan.
Crude prices added to their losses on Tuesday on signs of larger global oil supplies, after the US Treasury said it had issued a license authorizing some Lukoil transactions outside Russia under its US general license.
Crude prices are supported after the US on Monday began a full naval blockade of the Strait of Hormuz an... Read more
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May WTI crude oil (CLK26 ) on Tuesday closed down -7.80 (-7.87%), and May RBOB gasoline (RBK26 ) closed down -0.0765 (-2.46%). Crude oil and gasoline...
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