Crude Oil WTI Feb '08 (CLG08)
Crude Oil WTI Futures Market News and Commentary
July WTI crude oil (CLN26) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26) closed down -0.1073 (-3.17%). Â Crude oil and gasoline prices erased an early rally on Thursday and settled sharply lower, with gasoline falling to a 2-week low. Â Crude prices tumbled on hopes that the US and Iran are closing in on a peace deal that could lead to a resumption of crude supplies through the Strait of Hormuz. Â Thursday's rally in the dollar index ($DXY) to a 6-week high was also negative for crude prices.
Crude prices retreated on Thursday after Iran said the latest US proposal has "narrowed the gaps" between the two sides. Â That proposal suggested a short-term deal that would see Iran open the Strait of Hormuz and the US lift a blockade of Iranian ports, with both sides then going into deeper negotiations over Iran's nuclear program.
Crude prices initially rallied sharply on Thursday after Reuters reported that Iran's Supreme Leader said enriched uranium must... Read more
Barchart · 52 minutes ago
July WTI crude oil (CLN26 ) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26 ) closed down -0.1073 (-3.17%). Crude oil and gasoline...
Barchart · 54 minutes ago
June Nymex natural gas (NGM26 ) on Thursday closed up +0.014 (+0.47%). Nat-gas prices on Thursday settled higher, despite a bearish EIA inventory report,...
Barchart · 1 hour ago
Gasoline prices tend to rise during the peak driving season, during spring and summer, when drivers put more miles on their cars. Meanwhile, hostilities...
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July WTI crude oil (CLN26 ) today is up +3.14 (+3.20%), and July RBOB gasoline (RBN26 ) is up +0.0321 (+0.95%). Crude oil and gasoline prices are moving...
Barchart · 15 minutes ago
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Barchart · 34 minutes ago
The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait...
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Barchart · 53 minutes ago
July WTI crude oil (CLN26 ) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26 ) closed down -0.1073 (-3.17%). Crude oil and gasoline...
Barchart · 56 minutes ago
June Nymex natural gas (NGM26 ) on Thursday closed up +0.014 (+0.47%). Nat-gas prices on Thursday settled higher, despite a bearish EIA inventory report,...
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A new fee on EVs is being considered by the U.S. House of Representatives, which could add slightly to the firm's woes.
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Gasoline prices tend to rise during the peak driving season, during spring and summer, when drivers put more miles on their cars. Meanwhile, hostilities...
