Crude Oil Brent Dec '23 (CBZ23)
Crude Oil Brent Futures Market News and Commentary
October WTI crude oil (CLV26) closed down -2.05 (-2.35%) on Monday, and October RBOB gasoline (RBV26) closed down -0.0780 (-2.56%).
Crude oil and gasoline prices settled sharply lower on Monday on signs that crude supplies are moving through the Strait of Hormuz. Also, Monday’s dollar strength weighed on energy prices.
Crude prices were under pressure on Monday after Axios reported that about 40 tankers transited out of the Strait of Hormuz last Friday night, transporting around 16 million bbl of crude. Also, the Joint Maritime Information Center cut the threat level for shipping in the Gulf of Oman to “moderate,” one step lower than the previous assessment. The moderate assessment means the threat of attack on shipping off the coast of Oman is possible but not likely.
US Treasury Secretary Scott Bessent on Monday said that the US announced a campaign to sever Iran from the global economy, warning that any country doing business with Iran risks facing US sanct... Read more
Barchart · 1 hour ago
Despite Monday's strong rally in Corn, the Coffee market was still in the spotlight early Tuesday morning.
Barchart · Mon Aug 24, 2:16PM CDT
October WTI crude oil (CLV26 ) closed down -2.05 (-2.35%) on Monday, and October RBOB gasoline (RBV26 ) closed down -0.0780 (-2.56%). Crude oil and gasoline...
Barchart · Mon Aug 24, 2:14PM CDT
September Nymex natural gas (NGU26 ) on Monday closed up +0.009 (+0.32%). Nat-gas prices settled higher on Monday amid forecasts for record-high temperatures...
Blue Line Futures · Mon Aug 24, 1:34PM CDT
Crude is lower this morning as the Treasury and White House pivot away from military strikes on Iran and toward economic sanctions instead. Separately,...
Barchart · Mon Aug 24, 10:29AM CDT
October WTI crude oil (CLV26 ) is down -2.06 (-2.35%) today, and October RBOB gasoline (RBV26 ) is down -0.0820 (-2.69%). Crude oil and gasoline prices...
EdgeClear · Mon Aug 24, 8:01AM CDT
Natural gas futures have spent the past several weeks compressing near the lower end of a broad consolidation range between the 2.6 and 3.33 areas, with...
Barchart · 1 minute ago
Fox Corporation has lagged behind the broader market over the past year, and analysts remain somewhat bullish about the stock’s prospects.
Barchart · 3 minutes ago
Equinix has outperformed the broader market, while analysts remain bullish, supported by strong earnings growth and an improved outlook.
Barchart · 14 minutes ago
J.B. Hunt Transport Services has significantly outperformed the broader market, as strong earnings growth continues to support a moderately bullish analyst...
Barchart · 19 minutes ago
Live cattle futures saw weakness across the board on Monday, down $1.87 to $4.32 at the close. Open interest was up 1,226 contracts on Monday, mainly...
Barchart · 19 minutes ago
Corn price action is fractionally to 1 1/4 cents lower so far on Tuesday morning trade. Futures faded from the early session highs, but ended the Monday...
Barchart · 19 minutes ago
Cotton prices are falling across most contracts on Tuesday, down 97 to 136 points. Futures closed the Monday session with contracts up 21 to 54 points...
Barchart · 19 minutes ago
Lean hog futures were weaker at the Monday close, with contracts steady to 37 cents lower, as October was up 25 cents. Open interest was up 3,075 contracts....
Barchart · 19 minutes ago
Wheat is starting Tuesday Trade with losses across the three exchanges. The wheat complex posted mostly weaker trade on Monday, with a few Chicago contracts...