Crude Oil Brent Aug '30 (CBQ30)
Crude Oil Brent Futures Market News and Commentary
September WTI crude oil (CLU26) closed up +0.44 (+0.52%) on Tuesday, and September RBOB gasoline (RBU26) closed up +0.0316 (+0.97%).
Crude oil and gasoline prices extended Monday’s sharp rally on Tuesday and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting crude supplies from the Middle East.
Crude prices rose Tuesday after a vessel was struck by an unknown projectile heading out of the Strait of Hormuz. Also, Iran’s Fars news agency reported that a tanker belonging to a UAE company was detained by Iran in the strait, saying ships must pay to transit through Hormuz.
On Monday, President Trump said he's not interested in extending the expiring agreement with Iran, dimming prospects for a swift reopening of the Strait of Hormuz. Also, US Energy Secretary Chris Wright said that the US is playing the long game with Iran, implying the US has no plans for de-escalation of the conflict, potentially limiting crud... Read more
Barchart · Tue Aug 18, 2:30PM CDT
September WTI crude oil (CLU26) closed up +0.44 (+0.52%) on Tuesday, and September RBOB gasoline (RBU26) closed up +0.0316 (+0.97%). Crude oil and gasoline...
Barchart · Tue Aug 18, 2:29PM CDT
September Nymex natural gas (NGU26 ) on Tuesday closed up +0.086 (+3.20%). Nat-gas prices settled sharply higher on Tuesday amid forecasts of above-average...
Barchart · Tue Aug 18, 11:35AM CDT
Senior Market Strategist John Rowland, CMT, checks up on the crack spread trade, and takes a look at where investors can find alpha in the newest consumer...
Barchart · Tue Aug 18, 10:29AM CDT
September WTI crude oil (CLU26) is up +0.80 (+0.95%) today, and September RBOB gasoline (RBU26) is up +0.0232 (+0.71%). Crude oil and gasoline prices extended...
Blue Line Futures · Tue Aug 18, 8:08AM CDT
December crude oil futures rallied $2.34 to settle at 80.83 as the ceasefire with Iran kept coming apart. Hostilities restarted in Lebanon over the weekend...
Barchart · Tue Aug 18, 4:59AM CDT
While a few markets saw what could be called Turnaround activity overnight through early Tuesday morning, the bulk of the commodity complex continues to...
Barchart · Tue Aug 18, 6:30PM CDT
Southern Copper is drawing attention, with its outperformance of the S&P 500 so far this year, and shares up almost 30%, driven by record second-quarter...
Barchart · Tue Aug 18, 4:30PM CDT
Soybeans fell from the intraday highs on Tuesday, with contracts closing fractionally to 6 cents higher, as September was down ¼ cent. The cmdtyView national...
Barchart · Tue Aug 18, 4:30PM CDT
Cotton futures posted mixed trade on the Tuesday session, with contracts down 35 points to as much as 25 points higher at the close. Crude oil was up $0.6477...
Barchart · Tue Aug 18, 4:30PM CDT
The wheat complex was mixed on Tuesday, with the spring wheat market holding up and winter wheats on the weaker side. Chicago SRW contracts was mixed,...
Barchart · Tue Aug 18, 4:30PM CDT
Lean hog futures rounded out the Tuesday session with contracts down $1 to $1.77 at the close. USDA’s national base hog price was reported at $93.52...
Barchart · Tue Aug 18, 4:30PM CDT
Corn futures posted mixed trade on Tuesday, with contracts closing as much as 1 ¾ lower to a penny higher across the board. The CmdtyView national average...
Barchart · Tue Aug 18, 4:30PM CDT
Live cattle futures closed the Tuesday session with contracts 15 to 90 cents higher on the day. Cash trade has been quiet so far this week, with a few...
Barchart · Tue Aug 18, 4:07PM CDT
L3Harris ousts CEO Christopher Kubasik and names Sam Mehta as new chief executive. Here’s what the leadership change really means for LHX shares.