Crude Oil Brent Jul '27 (CBN27)
Crude Oil Brent Futures Market News and Commentary
July WTI crude oil (CLN26) on Monday closed up +4.80 (+5.49%), and July RBOB gasoline (RBN26) closed up +0.0503 (+1.66%).
Crude oil prices on Monday rallied sharply after Iran's Tasnim news agency reported that Iran's government said in a statement that it halted the exchange of messages with the US regarding a draft ceasefire agreement due to Israel's stepped-up attacks on Lebanon. Iran has consistently said there would be no US-Iran ceasefire without a truce in Lebanon.
However, some renewed hopes for a ceasefire emerged later in the day after President Trump said he had spoken with Hezbollah officials and Israeli Prime Minister Netanyahu, and that both sides told him they would agree to stop attacking each other. Mr. Trump then claimed in a post that "talks are continuing, at a rapid pace" with Iran.
The International Energy Agency (IEA) said in a monthly report released in May that global oil inventories declined at about 4 million bpd in March and April, and... Read more
Barchart · Mon Jun 1, 11:03AM CDT
July WTI crude oil (CLN26 ) are up +6.21 (+7.11%), and July RBOB gasoline (RBN26 ) is up +0.1004 (+3.31%). Crude oil prices are sharply higher today after...
Barchart · Mon Jun 1, 10:02AM CDT
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