Crude Oil WTI Jan '21 (CLF21)
Crude Oil WTI Futures Market News and Commentary
September WTI crude oil (CLU26) on Thursday closed down -2.02 (-2.43%), and September RBOB gasoline (RBU26) closed down -0.0257 (-0.81%).
Crude oil and gasoline prices fell on Thursday, with no overnight reports of new military attacks by the US or Iran in the Persian Gulf. Market concerns about the Middle East were also reduced slightly by news reports saying that the Trump administration is pivoting to using the naval blockade to apply economic pressure on Iran rather than new military attacks.
There are no reports of any progress between the US and Iran on an agreement to reopen the Strait of Hormuz, although some ships are still getting through by turning off their transponders and hoping for the best.
An Iranian military spokesperson said Thursday that no ship can safely pass the Strait of Hormuz without Iran's authorization and supervision and that President Trump's claims of control over the Strait are "nothing more than lies." The Iranian statement was in... Read more
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September Nymex natural gas (NGU26 ) on Thursday closed down -0.077 (-2.75%). Nat-gas prices closed lower on Thursday due to a +36 bcf rise in nat-gas...
Barchart · Thu Aug 13, 1:51PM CDT
September WTI crude oil (CLU26) on Thursday closed down -2.02 (-2.43%), and September RBOB gasoline (RBU26) closed down -0.0257 (-0.81%). Crude oil and...
Barchart · Thu Aug 13, 11:05AM CDT
September WTI crude oil (CLU26) is down -0.83 (-1.00%), and September RBOB gasoline (RBU26) is down -0.0026 (-0.08%). Crude oil and gasoline prices are...
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September Nymex natural gas (NGU26 ) on Wednesday closed up +0.037 (+1.34%). Nat-gas prices closed higher on Wednesday as forecasts remain warm. Vaisala...
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Corn futures fell back from the Wednesday rally on Thursday, with contracts falling 5 to 9 cents at the close. The CmdtyView national average Cash Corn...
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Lean hog futures posted losses of 20 cents to $1.70 across most contracts. USDA’s national base hog price was reported at $97.37 on Thursday afternoon,...
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Live cattle futures closed the Thursday session with contracts down $1.52 to $4.35 across the board. There were no deliveries issued against August futures...
Barchart · Thu Aug 13, 5:10PM CDT
The wheat complex fell back lower on Thursday, slipping into the close. Chicago SRW contracts were steady to 2 ¼ cents in the red. KC HRW futures saw...
Barchart · Thu Aug 13, 5:10PM CDT
Soybeans posted mixed trade on Thursday, with contracts closing anywhere from 3 ½ cents higher to 2 3/4 ents lower across the board. The cmdtyView national...