Crude Oil Brent Cash (CBY00)
Crude Oil Brent Futures Market News and Commentary
July WTI crude oil (CLN26) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26) closed down -0.1073 (-3.17%). Â Crude oil and gasoline prices erased an early rally on Thursday and settled sharply lower, with gasoline falling to a 2-week low. Â Crude prices tumbled on hopes that the US and Iran are closing in on a peace deal that could lead to a resumption of crude supplies through the Strait of Hormuz. Â Thursday's rally in the dollar index ($DXY) to a 6-week high was also negative for crude prices.
Crude prices retreated on Thursday after Iran said the latest US proposal has "narrowed the gaps" between the two sides. Â That proposal suggested a short-term deal that would see Iran open the Strait of Hormuz and the US lift a blockade of Iranian ports, with both sides then going into deeper negotiations over Iran's nuclear program.
Crude prices initially rallied sharply on Thursday after Reuters reported that Iran's Supreme Leader said enriched uranium must... Read more
Barchart · Thu May 21, 2:19PM CDT
July WTI crude oil (CLN26 ) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26 ) closed down -0.1073 (-3.17%). Crude oil and gasoline...
Barchart · Thu May 21, 2:17PM CDT
June Nymex natural gas (NGM26 ) on Thursday closed up +0.014 (+0.47%). Nat-gas prices on Thursday settled higher, despite a bearish EIA inventory report,...
Barchart · Thu May 21, 2:00PM CDT
Gasoline prices tend to rise during the peak driving season, during spring and summer, when drivers put more miles on their cars. Meanwhile, hostilities...
Klarenbach Research · Thu May 21, 12:54PM CDT
Technical chart analysis shows WTI crude hitting 50-day MA support again. See why a third test could signal a breakdown affecting Canadian ag economics....
MoneyShow · Thu May 21, 12:49PM CDT
Experts Gordon Chang and Jonathan Hoenig join the show to provide actionable guidance on navigating record-high tech stocks, rising Treasury yields, and...
Barchart · Thu May 21, 10:31AM CDT
July WTI crude oil (CLN26 ) today is up +3.14 (+3.20%), and July RBOB gasoline (RBN26 ) is up +0.0321 (+0.95%). Crude oil and gasoline prices are moving...
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.55%, and the Nasdaq 100 Index...
Barchart · 1 hour ago
Nvidia sits at the absolute peak of its operational power, shielded by its massive CUDA moat, but the macroeconomic and competitive tides are turning.
Barchart · 1 hour ago
Prudential Financial has considerably lagged the broader market over the past 52 weeks, and Wall Street analysts maintain a cautious outlook about the...
Barchart · 1 hour ago
Astera Labs stock gains as Evercore ISI raised price target to a Street-high of $297. Here’s why the investment firm is constructive on ALAB shares for...
Barchart · Thu May 21, 2:52PM CDT
Uber’s latest institutional selling headline looks dramatic, but the company’s Q1 results suggest the underlying business remains strong.
Barchart · Thu May 21, 2:38PM CDT
The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait...
Barchart · Thu May 21, 2:30PM CDT
Amazon appears well-positioned to sustain its growth trajectory despite ongoing concerns around elevated AI and infrastructure spending.
Barchart · Thu May 21, 2:19PM CDT
July WTI crude oil (CLN26 ) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26 ) closed down -0.1073 (-3.17%). Crude oil and gasoline...
