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Crude Oil WTI Feb '25 (CLG25)

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Crude Oil WTI Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil WTI prices and Crude Oil WTI futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Wed, Nov 12th, 2025.
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Crude Oil WTI Futures Market News and Commentary

Crude Prices Plummet on OPEC Projections for a Global Crude Surplus

December WTI crude oil (CLZ25) on Wednesday closed down -2.55 (-4.18%), and December RBOB gasoline (RBZ25) closed down -0.0566 (-2.81%).

Crude oil and gasoline prices sold off sharply on Wednesday, with crude falling to a 3-week low.  Signs of global supply glut hammered crude prices on Wednesday after OPEC said a global crude surplus arrived sooner than expected.   Dollar strength on Wednesday was also negative for energy prices.   Crude prices extended their losses on Wednesday when the EIA raised its 2025 US crude production estimate to 13.59 million bpd from last month's estimate of 13.53 million bpd.

Crude prices tumbled on Wednesday after OPEC revised its Q3 global oil market estimates from a deficit to a surplus, as US production exceeded expectations and OPEC also ramped up crude output.  OPEC said it now sees a 500,000 bpd surplus in global oil markets in Q3, versus last month's estimate for a -400,000 bpd deficit.  

As a bearish factor, Saudi Arabia last... Read more

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