Crude Oil Brent Sep '30 (CBU30)
Crude Oil Brent Futures Market News and Commentary
May WTI crude oil (CLK26) on Wednesday closed down -0.05 (-0.05%), and May RBOB gasoline (RBK26) closed up +0.0297 (+0.98%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 3-week low.
Crude prices came under pressure on Wednesday after the AP reported that the US and Iran had reached an “in principle agreement” to extend the ceasefire to allow more time for diplomacy. The US and Iran are considering extending their ceasefire, which ends on Tuesday, by another two weeks to allow more time to negotiate a peace agreement. Losses in crude were limited on Wednesday after weekly EIA crude inventories unexpectedly declined.
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 vessels passing through the Strait of Hormuz that call at Iranian ports or are headed there. The blockade could e... Read more
Barchart · 1 hour ago
May WTI crude oil (CLK26 ) on Wednesday closed down -0.05 (-0.05%), and May RBOB gasoline (RBK26 ) closed up +0.0297 (+0.98%). Crude oil and gasoline...
Barchart · 1 hour ago
May Nymex natural gas (NGK26 ) on Wednesday closed up +0.011 (+0.42%). Nat-gas prices posted modest gains on Wednesday, as the selloff over the past month...
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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...
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May WTI crude oil (CLK26 ) on Wednesday closed down -0.05 (-0.05%), and May RBOB gasoline (RBK26 ) closed up +0.0297 (+0.98%). Crude oil and gasoline...
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