Crude Oil WTI Feb '24 (CLG24)
Crude Oil WTI Futures Market News and Commentary
September WTI crude oil (CLU26) on Wednesday closed up +5.20 (+6.56%), and September RBOB gasoline (RBU26) closed up +0.0815 (+2.59%).
Crude oil and gasoline prices rallied sharply on Wednesday amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated on Wednesday after President Trump said the US will “hit Iran hard” after a recent attack from Iran that targeted a US base in Jordan. Crude prices raced to their highs after weekly EIA crude inventories unexpectedly fell to a 7.75-year low and after crude supplies at Cushing sank to a nearly 12-year low.
Crude oil prices jumped on Wednesday after the Islamic Revolutionary Guard Corps (IRGC) said it targeted a US airbase and command center in Jordan with ballistic missiles. The IRGC also claimed to have hit and halted three tankers attempting to transit through the Strait of Hormuz. Meanwhile, the US and Saudi Arabia launched a joint attack on "Iran-aligned te... Read more
Barchart · Wed Jul 29, 2:23PM CDT
September WTI crude oil (CLU26 ) on Wednesday closed up +5.20 (+6.56%), and September RBOB gasoline (RBU26 ) closed up +0.0815 (+2.59%). Crude oil and...
Barchart · Wed Jul 29, 2:22PM CDT
August Nymex natural gas (NGQ26 ) on Wednesday closed up +0.063 (+2.37%). Nat-gas prices rebounded from a 3-month nearest-futures low and settled higher...
Barchart · Wed Jul 29, 10:45AM CDT
September WTI crude oil (CLU26 ) today is up +5.31 (+6.70%), and September RBOB gasoline (RBU26 ) is up -0.0802 (+2.55%). Crude oil and gasoline prices...
Barchart · Wed Jul 29, 10:01AM CDT
With BKR stock suffering a long string of negative sessions, historical trends suggest that the energy name could be due for a comeback.
Blue Line Futures · Wed Jul 29, 9:38AM CDT
The ceasefire didn't survive the week. Iran fired ballistic missiles at US forces overnight, and the US and Saudi Arabia hit back against Iran-backed militias...
TradingView · Wed Jul 29, 3:40AM CDT
U.S.-Iran hostilities are on hold, Brent is correcting, but the risks and consequences haven't gone away.
Barchart · 24 minutes ago
Domino’s Pizza stock has rebounded sharply from its 2026 lows. While its valuation multiples have expanded and DPZ does not look as tempting now, dividend...
Barchart · 1 hour ago
Soybeans posted losses of 13 ½ to 34 cents on Wednesday, with front months leading the charge. The cmdtyView national average Cash Bean price was 31...
Barchart · 1 hour ago
Lean hog futures faced weakness on Wednesday, with contracts $1.37 to $2.57 lower. USDA’s national base hog price was reported at $101.79 on Wednesday...
Barchart · 1 hour ago
Cotton futures were weaker on Wednesday, with contracts 67 to 119 points lower. Crude oil was back up $5.34 per barrel, with the US dollar index was 0.586....
Barchart · 1 hour ago
The wheat complex posted mostly lower trade on Wednesday with the spring wheat contracts holding higher. Chicago SRW contracts were lower on the midweek...
Barchart · 1 hour ago
Corn futures gave back the bounce from Tuesday, with contracts closing the Wednesday session down 2 to 9 ½ cents, led by the nearbys. The CmdtyView national...
Barchart · 1 hour ago
Live cattle futures closed the Wednesday session, with contracts continuing to bounce from Monday’s weakness, up 42 cents to $2.07 higher. Early bids...
Barchart · Wed Jul 29, 3:55PM CDT
SpaceX has lost over a trillion dollars in valuation in just over a month.