Crude Oil WTI Feb '22 (CLG22)
Crude Oil WTI Futures Market News and Commentary
August WTI crude oil (CLQ26) today is up +0.23 (+0.33%), and August RBOB gasoline (RBQ26) is up +0.1010 (+3.46%).
Crude oil and gasoline prices erased early losses and moved higher today, with gasoline posting a 3-week high. Short covering emerged in crude oil prices today after the crude crack spread soared to a 4-year high. Crude oil initially moved lower today as flows through the Strait of Hormuz continued to increase, boosting global oil supplies. Also, OPEC+ raised its crude oil production target on Sunday, a bearish factor for oil prices.Â
Crude prices garnered support today from a jump in the crude crack spread to a 4-year high. The stronger crack spread encourages refiners to increase their crude purchases and refine it into gasoline and distillates. Gasoline prices are climbing on concerns over tight global supplies as Ukraine continues to launch missile and drone attacks on Russian refineries, halting operations at several key Russian refineries and curbin... Read more
Barchart · 1 hour ago
August WTI crude oil (CLQ26 ) today is up +0.23 (+0.33%), and August RBOB gasoline (RBQ26 ) is up +0.1010 (+3.46%). Crude oil and gasoline prices erased...
Barchart · Mon Jul 6, 9:21AM CDT
Although the reopening of the Strait of Hormuz presents a tough headwind for Halliburton, there may be a unique case for buying HAL stock.
Blue Line Futures · Mon Jul 6, 8:07AM CDT
***Abbreviated reports until Wednesday July 8th - Wednesday report scheduled for late afternoon - other reports to follow the regular schedule. Update:...
Barchart · Mon Jul 6, 6:30AM CDT
What sparked the wildfire across the commodity complex Sunday night through early Monday morning? Let's ask Barchart's AI analyst, CARL.
Klarenbach Research · Sun Jul 5, 4:45PM CDT
An evaluation of multi-dimensional trading in canola and energy markets. Learn why spread analysis outperforms single-contract strategies.
Barchart · Sun Jul 5, 9:00AM CDT
Investors will watch closely for Taiwan Semiconductor's Q2 earnings print coming up in mid-July.
Barchart · 11 minutes ago
October NY world sugar #11 (SBV26 ) today is up +0.32 (+2.15%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.20 (+0.04%). Sugar prices are moving...
Barchart · 15 minutes ago
SELLAS Life Sciences (SLS) has surged 550% in the past year, driven by technical momentum and speculative trading. SLS currently has no revenue, with all...
Barchart · 33 minutes ago
September ICE NY cocoa (CCU26 ) today is up +676 (+13.42%), and September ICE London cocoa #7 (CAU26 ) is up +460 (+12.23%). Cocoa prices are surging today,...
Barchart · 48 minutes ago
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Barchart · 58 minutes ago
August WTI crude oil (CLQ26 ) today is up +0.23 (+0.33%), and August RBOB gasoline (RBQ26 ) is up +0.1010 (+3.46%). Crude oil and gasoline prices erased...
Barchart · 1 hour ago
Oklo's DOE safety approval marks a major milestone as the company moves closer toward bringing its first reactor online.
Barchart · 1 hour ago
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Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.60%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.08%, and the Nasdaq 100 Index ($IUXX )...