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Crude Oil Brent Jul '22 (CBN22)

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Crude Oil Brent Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil Brent prices and Crude Oil Brent futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Fri, Aug 19th, 2022.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil Brent Historical Prices page.

Crude Oil Brent Futures Market News and Commentary

Crude Posts Modest Gains on Signs of Improving U.S. Energy Demand

Sep WTI crude oil (CLU22) on Friday closed up +0.27 (+0.30%), and Sep RBOB gasoline (RBU22) closed down -0.86 (-0.28%).  

Crude and gasoline prices Friday settled mixed.  Crude rose on carry-over support from Wednesday's weekly EIA report that showed U.S. crude and gasoline inventories fell more than expected, and U.S. gasoline demand rose to its highest level this year.  Gains in crude were limited, and gasoline prices moved lower on Friday's rally in the dollar index (DXY00) to a 5-week high.  Also, a slump in stocks Friday reduced optimism about the economic outlook and energy demand.

U.S. gasoline demand concerns have temporarily receded after the EIA reported Wednesday that the four-week average of U.S. gasoline supplies, a proxy for consumption, rose to nearly 9.1 million bpd last week, the highest level this year.

Strong foreign demand for U.S. crude supplies is supportive for prices after U.S. crude exports in the week ended Aug 12 rose to a record of +5.0... Read more

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