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Crude Oil WTI Sep '20 (CLU20)

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Find the latest Crude Oil WTI prices and Crude Oil WTI futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Thu, Aug 13th, 2020.
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Crude Oil WTI Futures Market News and Commentary

Crude Oil Closes Lower After the IEA Cuts its Global Crude Demand Forecast

Sep WTI crude oil (CLU20) on Thursday closed down -0.43 (-1.01%), Oct Brent crude oil (CBV20) closed down -0.47 (-1.04%), and Sep RBOB gasoline (RBU20) closed down -0.0090 (-0.72%).

The energy complex on Thursday closed with moderate losses. Prices fell back on demand concerns along with the IEA's cut in its global crude demand forecast for the rest of this year. Losses were contained by a weaker dollar and better-than-expected U.S. labor market data.

Global fuel demand concerns are bearish for crude prices after UK government data on Thursday showed UK road-fuel sales averaged 15,438 liters per filling station in the week through Aug 9, down -0.9% w/w and the first decline in 4 months.

Crude prices dropped to their lows Thursday after the International Energy Agency (IEA) cut its global crude oil demand forecast for the last two quarters of this year by 500,000 bpd to 95.25 million bpd, citing weaker than expected global air travel from the Covid pandemic.

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