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Crude Oil WTI Jan '22 (CLF22)

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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, Dec 22nd, 2025.
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Crude Oil WTI Futures Market News and Commentary

Crude Oil Prices Higher on Venezuelan and Ukraine-Russia Risks

January WTI crude oil (CLF26) today is up +0.51 (+0.91%), and January RBOB gasoline (RBF26) is up +0.0309 (+1.81%).

Crude oil is higher today on continued geopolitical risks in Venezuela and Ukraine-Russia.  Also, today's higher trading in the US stock market is supportive of the outlook for the economy and energy demand.  Crude prices have carry-over support from last Friday's news from Baker Hughes that active US oil rigs fell to a 4.25-year low, which implies reduced US crude oil production.  

The Venezuelan situation is supportive of crude prices.  President Trump last week ordered a "total and complete blockade of all sanctioned oil tankers" going into and leaving Venezuela.  The US Coast Guard on Saturday boarded the non-sanctioned Centuries tanker in the Caribbean.  Also, US forces are in pursuit of tanker Bella 1, which is on its way to Venezuela.  

Oil prices also have support after Ukraine hit a Russian shadow oil tanker in the Mediterranean Sea with dron... Read more

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