Crude Oil Brent Aug '29 (CBQ29)
Crude Oil Brent Futures Market News and Commentary
August WTI crude oil (CLQ26) on Thursday closed up +1.58 (+2.25%), and August RBOB gasoline (RBQ26) closed up +0.1109 (+3.97%).
Crude oil and gasoline prices erased early losses on Thursday and rallied sharply as short covering emerged on a report that an unknown projectile off the coast of Oman hit a cargo vessel. Crude prices initially fell to a 4-month low on Thursday as the resumption of crude supplies through the reopened Strait of Hormuz has eased global oil supply concerns.Â
Renewed tensions in the Persian Gulf pushed crude oil prices sharply higher on Thursday after the UK Maritime Trade Operations reported that a cargo vessel was hit by an unknown projectile off the coast of Oman in the Strait of Hormuz. The incident occurred after several freighters turned around while attempting to cross the Strait of Hormuz, with maritime intelligence companies reporting broadcasts purportedly from the Iranian navy instructing ships not to cross.
Thursday afternoon, t... Read more
Barchart · Thu Jun 25, 2:18PM CDT
August WTI crude oil (CLQ26 ) on Thursday closed up +1.58 (+2.25%), and August RBOB gasoline (RBQ26 ) closed up +0.1109 (+3.97%). Crude oil and gasoline...
Barchart · Thu Jun 25, 2:16PM CDT
July Nymex natural gas (NGN26 ) on Thursday closed up +0.122 (+3.79%). Nat-gas prices rallied to a 2.5-week high on Thursday and settled sharply higher...
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Barchart · Wed Jun 24, 2:16PM CDT
August WTI crude oil (CLQ26 ) on Wednesday closed down -2.87 (-3.92%), and August RBOB gasoline (RBQ26 ) closed down -0.0669 (-2.34%). Crude oil and gasoline...
Barchart · Wed Jun 24, 2:13PM CDT
July Nymex natural gas (NGN26 ) on Wednesday closed up +0.074 (+2.35%). Nat-gas prices moved higher on Wednesday as US weather forecasts shifted to hotter,...
Blue Line Futures · Wed Jun 24, 10:57AM CDT
Crude continues to weaken as Iran and gulf neighbors, alongside the West, improve relations and take steps towards a lasting peace agreement. While this...
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