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Crude Oil WTI Aug '24 (CLQ24)

[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NYMEX]
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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, Jul 15th, 2024.
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 Prices Settle Lower on Chinese Energy Demand Concerns

August WTI crude oil (CLQ24) on Monday closed down -0.30 (-0.36%), and Aug RBOB gasoline (RBQ24) closed down -2.37 (-0.94%).

Crude oil and gasoline prices Monday were under pressure, with gasoline falling to a 4-week low.   Weak economic news from China, the world's second-largest crude consumer, weighed on crude prices Monday.  Also, improved prospects for Donald Trump to win the US presidential election in November weighed on oil prices due to the expectation that Trump would pursue pro-US drilling policies if elected.  In addition, Monday's rally in the S&P 500 to a new record high shows confidence in the US economic outlook that is bullish for energy demand and crude prices.

Lackluster Chinese economic news is negative for energy demand and crude prices.  China's Q2 GDP rose +0.6% q/q and +5.0% y/y, weaker than expectations of +0.9% q/q and +5.2% y/y.  Also, China's June retail sales rose +2.0% y/y, weaker than expectations of +3.4% y/y and the smallest pace of incre... Read more

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