Crude Oil WTI Jan '27 (CLF27)
Crude Oil WTI Futures Market News and Commentary
June WTI crude oil (CLM26) today is down -3.37 (-3.21%), and June RBOB gasoline (RBM26) is down -0.0448 (-1.24%). Â Crude oil and gasoline prices gave up early gains today and retreated , with gasoline falling from a 3.75-year high, on hopes that negotiations to end the US-Iran war will resume. Â Crude prices initially moved higher today after the dollar index ($DXY) fell to a 2-week low, and as the Strait of Hormuz remains closed, tightening global energy supplies.
Crude prices retreated today on hopes that negotiations to end the US-Iran war will resume after Axios reported that Iran had delivered its response to the latest US amendments to the agreement. Â
Crude oil prices initially moved higher today after President Trump said he was sticking with a naval blockade of Iran, and Iran’s Supreme Leader, Mojtaba Khamenei, vowed not to give up Iran’s nuclear or missile technologies and said Iran would keep control of the Strait of Hormuz. Â
Crude prices also have supp... Read more
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