Crude Oil Brent Dec '21 (CBZ21)
Crude Oil Brent Futures Market News and Commentary
September WTI crude oil (CLU26) is down -0.19 (-0.23%), and September RBOB gasoline (RBU26) is down -0.0276 (-0.88%).
Crude oil and gasoline prices are trading lower today on the surge in US oil inventories seen in the weekly EIA inventory report.
Oil prices found support today after the International Energy Agency (IEA) said in its monthly report that the global oil supply deficit will worsen, even as oil demand is taking a hit from the war and high prices. The IEA said global oil inventories will fall in Q3 at twice the previously estimated rate because of ongoing disruptions from the US-Iran war.
Oil prices are underpinned as there appears to be little progress toward a US-Iran agreement to open the Strait of Hormuz. Iran's state-owned Islamic Republic of Iran Broadcasting (IRIB) said Tuesday afternoon that the Strait of Hormuz would remain shut until all its conditions are met.
Nevertheless, Pakistan on Tuesday suggested the US and Iran were close to an... Read more
Barchart · 4 minutes ago
This energy narrative isn’t going away anytime soon, and US refiners are taking advantage while the margins are fat.
Barchart · 15 minutes ago
Electricity bills are rising, but how much of the AI-fueled demand surge for power is real? As it turns out, we don't really know.
Barchart · 36 minutes ago
September WTI crude oil (CLU26) is down -0.19 (-0.23%), and September RBOB gasoline (RBU26) is down -0.0276 (-0.88%). Crude oil and gasoline prices are...
Blue Line Futures · 1 hour ago
Crude drifted higher on light news flow, with a weaker dollar and a fresh IEA report showing global oil stocks falling at twice the previously expected...
Barchart · Wed Aug 12, 6:36AM CDT
Public Service Enterprise has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects....
Barchart · Wed Aug 12, 6:29AM CDT
Valero Energy has significantly outperformed the broader market over the past year, and analysts are cautiously optimistic about the stock’s prospects....
Barchart · 4 minutes ago
Compass Diversified Holdings (CODI) shares hit a new 52-week high yesterday despite a fraud scandal from one of its investments. Armed with a renegotiated...
Barchart · 5 minutes ago
Intel’s equity offering could strengthen its balance sheet and fund AI and foundry investments, but the new shares create dilution for existing investors....
Barchart · 10 minutes ago
September arabica coffee (KCU26 ) is up +0.85 (+0.25%), and September ICE robusta coffee (RMU26 ) is down -36 (-0.95%). NY arabica coffee prices are mildly...
Barchart · 12 minutes ago
Electricity bills are rising, but how much of the AI-fueled demand surge for power is real? As it turns out, we don't really know.
Barchart · 25 minutes ago
Robinhood's crypto revenue plunged 38%, but the company still posted record total revenue as it became far less dependent on crypto.
Barchart · 32 minutes ago
While CBRE Group has underperformed relative to the broader market over the past year, Wall Street analysts remain bullish about the stock’s prospects....
Barchart · 34 minutes ago
September WTI crude oil (CLU26) is down -0.19 (-0.23%), and September RBOB gasoline (RBU26) is down -0.0276 (-0.88%). Crude oil and gasoline prices are...
Barchart · 40 minutes ago
Nvidia has committed billions to IREN, but can the company fund its AI buildout without overextending itself?