Crude Oil WTI Jan '19 (CLF19)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK26) today is down -11.82 (-12.48%), and May RBOB gasoline (RBK26) is down -0.2138 (-6.76%). Crude oil and gasoline prices have plummeted today, with crude falling to a 5-week low and gasoline sliding to a 1-week low. Energy prices sank today after Iran said the Strait of Hormuz is now "completely open" to commercial shipping, paving the way for a peace deal to end the war. The prospects for a formal peace agreement also solidified when Israel and Lebanon agreed to a 10-day ceasefire on Thursday, and the truce appears to be holding today.
Crude prices came under pressure today after Axios reported that the US and Iran are negotiating over a plan to end the war, with one element under discussion being that the US would release $20 billion in frozen Iranian assets in return for Iran giving up its stockpile of enriched uranium.
Persian Gulf oil producers have been forced to cut production by roughly 6% due to the closure of the Strait of Hormuz as l... Read more
Barchart · Fri Apr 17, 10:39AM CDT
May WTI crude oil (CLK26 ) today is down -11.82 (-12.48%), and May RBOB gasoline (RBK26 ) is down -0.2138 (-6.76%). Crude oil and gasoline prices have...
TradingView · Fri Apr 17, 9:13AM CDT
Negotiations between the U.S. and Iran continue, but the Strait of Hormuz remains closed, and the global economy is already feeling the impact.
Blue Line Futures · Fri Apr 17, 9:05AM CDT
Update: A ceasefire deal between Israel and Lebanon was “announced” yesterday mid-morning. The headline, followed up by a tweet from President Trump,...
Barchart · Fri Apr 17, 7:57AM CDT
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As I've said before, the job of analyzing markets has grown much easier given the repetitive cycle of market drivers.
Barchart · Thu Apr 16, 2:27PM CDT
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