Crude Oil Brent Jul '24 (CBN24)
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 · 5 minutes ago
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 · 1 hour ago
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 · 1 hour ago
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.
Barchart · 7 minutes ago
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 · 10 minutes ago
NBA legend Shaquille O’Neal is betting on immersive, tech-driven retail after first spending thousands there as a customer. His move reflects a consistent...
Barchart · 26 minutes ago
May NY world sugar #11 (SBK26) today is down -0.29 (-2.09%), and May London ICE white sugar #5 (SWK26 ) is down -5.80 (-1.37%). Sugar prices gave up an...
Barchart · 40 minutes ago
Citi has placed Alphabet under its "catalyst watch" ahead of the Google Cloud Next event scheduled for April 22.
Barchart · 44 minutes ago
A 56% surge amid the Iran war puts this defense giant in the spotlight. Should you buy now or wait?
Barchart · 44 minutes ago
May ICE NY cocoa (CCK26 ) today is down -93 (-2.61%), and May ICE London cocoa #7 (CAK26 ) is down -75 (-2.87%). Cocoa prices fell from 1.75-month highs...
Barchart · 53 minutes ago
Michael Burry just added to his Nvidia put options, comparing it to Cisco's dot-com crash. Here's what NVDA investors need to know right now.
Barchart · 1 hour ago
May arabica coffee (KCK26 ) today is down -1.90 (-0.63%), and May ICE robusta coffee (RMK26 ) is up +44 (+1.27%). Coffee prices are mixed today, with robusta...
