Crude Oil WTI Jan '21 (CLF21)
Crude Oil WTI Futures Market News and Commentary
September WTI crude oil (CLU26) on Friday closed down -2.88 (-3.12%), and September RBOB gasoline (RBU26) closed down -0.0726 (-2.18%).
WTI crude oil prices (CLU26) on Friday fell and gave back about half of Thursday’s 6% rally. Meanwhile, Sep Brent crude oil prices (CBU26) fell back to the $97 per barrel area after posting a 2-month high of $102 on Thursday.
Oil prices closed lower as oil shipments are continuing in the Red Sea despite threats from the Houthis, with some oil tankers turning off their location transponders. Oil prices rallied by more than +6% on Thursday after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea. President Trump said in an interview with Axios on Thursday that he is considering a “massive attack” that would be “bigger than ever before” and is “close to making a decision on it.”... Read more
Barchart · Fri Jul 24, 2:33PM CDT
September WTI crude oil (CLU26 ) on Friday closed down -2.88 (-3.12%), and September RBOB gasoline (RBU26 ) closed down -0.0726 (-2.18%). WTI crude oil...
Barchart · Fri Jul 24, 2:16PM CDT
August Nymex natural gas (NGQ26 ) on Friday closed down -0.045 (-1.54%), falling back towards last week’s 2.25-month nearest-futures low. Nat-gas prices...
Barchart · Fri Jul 24, 10:42AM CDT
September WTI crude oil (CLU26 ) is down -3.62 (-4.04%), and September RBOB gasoline (RBU26 ) is down -0.0929 (-2.79%). WTI crude oil prices (CLU26 ) are...
Barchart · Fri Jul 24, 9:25AM CDT
Southern Company subsidiary Georgia Power landed a massive OpenAI power deal worth billions, backed by federal loans and a 25-year contract.
Barchart · Fri Jul 24, 9:00AM CDT
FCG buys businesses that generate cash flow, while UNG buys futures contracts that bleed cash. They aren’t just different products, they are entirely...
Blue Line Futures · Fri Jul 24, 8:38AM CDT
As we noted yesterday, some profit taking is prudent for those that've been long since the 70 handle. While risk remain skewed to the upside, traders may...
Barchart · Fri Jul 24, 6:00PM CDT
Texas Instruments and Qualcomm offer different paths to AI growth and dividend income, but which chip stock gives investors the better setup?
Barchart · Fri Jul 24, 5:12PM CDT
Live cattle futures saw gains of 27 cents to $1.67 across most contracts, with August holding for a $2.65 gain this week. Cash trade was picked up at $230-231...
Barchart · Fri Jul 24, 5:12PM CDT
Soybeans closed the Friday session with contracts steady to 10 ½ cents higher, with the front months leading the bull spreading. August managed a 43 ½...
Barchart · Fri Jul 24, 5:12PM CDT
The wheat complex was under pressure for much of the session from money coming off the table into the weekend, though buyers pulled things off the lows....
Barchart · Fri Jul 24, 5:12PM CDT
Lean hog futures held higher on Friday, with contracts 12 to 70 cents higher at the close, with August $1.20 higher on the week. USDA’s national base...
Barchart · Fri Jul 24, 5:12PM CDT
Corn futures were weak early on, but pulled more than 8 cents off the lows in the front months to close fractionally mixed. Some deferreds were down as...
Barchart · Fri Jul 24, 5:12PM CDT
Cotton futures closed Friday with front month losses of 7 to 129 points and deferreds up 3 to 4 points. December was up 135 points on the week. Crude oil...
Barchart · Fri Jul 24, 3:48PM CDT
The S&P 500 Index ($SPX ) (SPY ) on Friday fell -0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) rose +0.39%, and the Nasdaq 100 Index ($IUXX )...