Crude Oil Brent Oct '23 (CBV23)
Crude Oil Brent Futures Market News and Commentary
September WTI crude oil (CLU26) closed down -0.87 (-1.03%) on Thursday, and September RBOB gasoline (RBU26) closed down -0.0945 (-2.93%).
Crude oil and gasoline prices gave up an overnight advance and settled lower on Thursday in hopes of a diplomatic solution to the US-Iran war. Crude prices also fell on signs of increased oil tanker traffic through the Strait of Hormuz. Crude prices initially moved higher on Thursday after the dollar index ($DXY) dropped to a 6-week low. Ongoing hostilities in the Middle East are also underpinning crude prices.
Crude oil prices gave up an overnight advance and turned lower after Pakistan's Foreign Ministry said negotiations between the US and Iran are "ongoing" to restore stability, particularly in the Strait of Hormuz. Also, shipping through the strait has picked up in recent days, with the US claiming its navy escorted some tankers across the waterway. Fourteen commodity vessels transited the strait on Wednesday, up from single... Read more
Barchart · Thu Jul 30, 2:14PM CDT
September WTI crude oil (CLU26 ) closed down -0.87 (-1.03%) on Thursday, and September RBOB gasoline (RBU26 ) closed down -0.0945 (-2.93%). Crude oil and...
Barchart · Thu Jul 30, 2:13PM CDT
September Nymex natural gas (NGU26 ) on Thursday closed up +0.036 (+1.32%). Nat-gas prices settled higher on Thursday on a smaller-than-expected storage...
Barchart · Thu Jul 30, 10:44AM CDT
September WTI crude oil (CLU26 ) today is down -0.16 (-0.19%), and September RBOB gasoline (RBU26 ) is down -0.0740 (-2.29%). Crude oil and gasoline prices...
Blue Line Futures · Thu Jul 30, 8:36AM CDT
Overnight, the US followed through on Trump's promise and struck Iranian military infrastructure, with reports of LNG tankers docked in Egypt also getting...
Klarenbach Research · Thu Jul 30, 6:35AM CDT
An expert look at light crude oil market trends, Elliott Wave setups, and price targets impacting Western Canadian grain marketing and fuel costs.
Barchart · Thu Jul 30, 1:58AM CDT
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Barchart · 1 hour ago
Cotton futures were 81 to 139 points in the green at Thursday’s close. Crude oil was back down just 50 cents per barrel, with the US dollar index falling...
Barchart · 1 hour ago
Live cattle futures posted $1.42 to $3.47 gains across the board at Thursday’s close. USDA picked up cash trade at $232-233 on Thursday. The Thursday...
Barchart · 1 hour ago
Soybeans posted weaker trade late on Thursday, with contracts down fractionally to 4 cents across most contracts. The cmdtyView national average Cash Bean...
Barchart · 1 hour ago
Corn futures closed with weakness on Thursday, as front months were down 2 to 3 ¼ cents, with deferreds fractionally to 1 ¼ cents higher. The CmdtyView...
Barchart · 1 hour ago
Lean hog futures were down $2.05 to $3 across the board on Thursday. USDA’s national base hog price was reported at $101.05 on Thursday afternoon, down...
Barchart · 1 hour ago
The wheat complex posted gains across the three exchanges on Thursday, following increased Black Sea tensions. Chicago SRW contracts were 2 ¾ to 7 ½...
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Barchart · Thu Jul 30, 3:58PM CDT
After a solid Q4 result, analysts have turned more bullish on Seagate. Should investors follow suit?