Crude Oil WTI Jan '22 (CLF22)
Crude Oil WTI Futures Market News and Commentary
August WTI crude oil (CLQ26) today is down -1.32 (-1.80%), and August RBOB gasoline (RBQ26) is down -0.0332 (-1.07%).
Crude oil and gasoline prices gave up an early advance today and turned lower on speculation the escalation of hostilities between the US and Iran will be limited. Crude prices initially moved higher after the US attacked Iranian targets for a second day today in response to Iranian attacks on shipping in the Strait of Hormuz.Â
Crude prices fell today after the US refrained from attacking any of Iran’s energy infrastructure. Also, comments from President Trump eased concerns about an escalation of the conflict when he said he does not want a return to full-scale war, bolstering speculation that shipping flows through the Strait of Hormuz will soon recover.
Crude prices initially rallied after the US military struck Iran for a second day today, hitting about 90 Iranian targets to degrade the country's ability to attack commercial shipping in the Str... Read more
Barchart · 44 minutes ago
August WTI crude oil (CLQ26 ) today is down -1.32 (-1.80%), and August RBOB gasoline (RBQ26 ) is down -0.0332 (-1.07%). Crude oil and gasoline prices gave...
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Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 697)
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