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Crude Oil WTI Mar '23 (CLH23)

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Crude Oil WTI Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil WTI prices and Crude Oil WTI futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Mon, Feb 6th, 2023.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil WTI Historical Prices page.

Crude Oil WTI Futures Market News and Commentary

Crude Slumps on Dollar Strength and Suspect Chinese Energy Demand

Mar WTI crude oil (CLH23) on Friday closed down -2.49 (-3.28%), and Mar RBOB gasoline (RBH23) closed down -13.13 (-5.35%).  

Crude oil and gasoline prices Friday sold off to 3-week lows and closed sharply lower.  A rally in the dollar index (DXY00) to a 3-week high Friday undercut energy prices.  Crude was also under pressure on signs of an uneven recovery in China, keeping the country's energy demand depressed.

An uneven recovery in China's economy from ending pandemic restrictions is negative for crude prices.  Although a surge in consumer spending last month during the Lunar New Year holiday spurred optimism about China's rebound, signs of weakness among manufacturers and sales of cars and homes signal the recovery isn't yet on a sure footing.

Friday's U.S. economic data signals economic strength that supports energy demand and crude prices.  Jan nonfarm payrolls surged +517,000, much stronger than expectations of +188,000 and the largest increase in 6 months.  ... Read more

  • Dollar Strength and Suspect Chinese Energy Demand Weighs on Crude Prices

    Mar WTI crude oil (CLH23 ) this morning is down -0.91 (-1.20%), and Mar RBOB gasoline (RBH23 ) is down -8.07 (-3.29%). March Nymex natural gas (NGH23)...

  • Oil Hokey Pokey

    You put the oil in, you take the oil out, you put the oil in, and you shake it all around. You do the hokey pokey and you turn yourself around. That’s...

  • Jobs Friday

    Will the numbers propel the markets Higher?

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