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Crude Oil WTI Aug '21 (CLQ21)

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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 Wed, Jun 23rd, 2021.
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 Oil Settles at a 2-1/2 Year High on Strong Energy Demand and Tighter Supplies

August WTI crude oil (CLQ21) on Wednesday closed up +0.23 (+0.32%), and August RBOB gasoline (RBQ21) closed up +3.98 (+1.78%).

Aug crude oil and gasoline prices on Wednesday settled moderately higher, with crude at a 2-1/2 year high and gasoline at a 3-year high.  Crude prices raced up to their highs early Wednesday after Goldman Sachs said it sees the oil market getting "very tight" over the coming months.   Wednesday's weekly EIA report was also bullish for prices.  Crude fell back from their best levels Wednesday after the dollar index shook off early losses and moved higher.

Goldman Sachs on Wednesday said that the global oil market faces significant upside risk over the next few months amid surging driving-season demand and limited short-term supply growth potential.  Goldman projects that crude prices will average $80 per barrel in Q3.

Signs of strength in global manufacturing activity are supportive of economic growth and energy demand.  The U.S. Jun Markit... Read more

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