Crude Oil WTI Jan '22 (CLF22)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK26) on Thursday closed up +3.40 (+3.72%), and May RBOB gasoline (RBK26) closed up +0.0945 (+3.08%).
Crude oil and gasoline prices rallied sharply on Thursday as the US naval blockade of the Strait of Hormuz entered its fourth day, curbing oil supplies from the Middle East. Gains in crude oil accelerated on Thursday after Bloomberg reported that some Gulf Arab and European leaders believe that a US-Iran peace deal will take about six months, dashing hopes of a speedy conclusion to the Iran conflict. Also, Thursday's rally in the S&P 500 to a new all-time high shows confidence in the economic outlook, which is supportive of energy demand and crude prices.
Crude prices fell back from their best level Thursday afternoon, after President Trump said the prospects for a peace deal with Iran are "looking very good," as the two sides are in discussions to extend a ceasefire that expires next week. President Trump also announced that Israel and Lebanon h... Read more
TradingView · 15 minutes ago
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 · 23 minutes ago
Update: A ceasefire deal between Israel and Lebanon was “announced” yesterday mid-morning. The headline, followed up by a tweet from President Trump,...
Barchart · 1 hour ago
APA Corporation will release its first-quarter earnings next month, and analysts anticipate a single-digit profit dip.
Barchart · Fri Apr 17, 6:22AM CDT
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
Trump is warning Americans that gas prices, now averaging over $4 per gallon, could stay elevated or rise further through November because the Iran conflict...
Barchart · Thu Apr 16, 2:19PM CDT
May WTI crude oil (CLK26 ) on Thursday closed up +3.40 (+3.72%), and May RBOB gasoline (RBK26 ) closed up +0.0945 (+3.08%). Crude oil and gasoline prices...
Barchart · 47 seconds ago
Xanadu Quantum stock rallies as Nvidia announces new Ising AI models. But XNDU shares still run the risk of a drawdown as initial AI fervor cools.
Barchart · 11 minutes ago
Shares popped 30% as Nvidia released its first set of open-source AI models for quantum computing.
Barchart · 12 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.87%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · 13 minutes ago
Lattice Semiconductor (LSCC) exhibits strong momentum and is trading at new all-time highs. The stock is up 169% over the past year. LSCC maintains a 100%...
Barchart · 32 minutes ago
Lucid stock sinks as the EV maker names Silvio Napoli its new permanent CEO. But does that warrant buying LCID shares today? Let’s find out.
Barchart · 42 minutes ago
Occidental Petroleum is expected to announce its fiscal first-quarter earnings next month, and analysts project a double-digit profit drop.
Barchart · 42 minutes ago
Marvell Technology hits all time high following record results and Nvidia partnership.
Barchart · 1 hour ago
Rising geopolitical tensions are pushing investors toward high-yield dividend stocks for stability.
