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Crude Oil WTI Mar '16 (CLH16)

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Crude Oil WTI Futures Market News and Commentary

Crude Soars on a Weak Dollar and Reduced Recession Fears

Aug WTI crude oil (CLQ22) on Friday closed up +3.35 (+3.21%), and Aug RBOB gasoline (RBQ22) closed up +12.07 (+3.30%).  

Crude oil and gasoline prices Friday closed sharply higher.  A weaker dollar Friday boosted energy prices along with comments from St. Louis Fed President Bullard, who said the U.S. consumer is healthy and fears of a recession are overblown.

Crude prices garnered support Friday as inflation concerns eased, which may reduce the urgency of steeper rate hikes from the Fed.  Friday's data showed the University of Michigan’s 5-10 year inflation expectations rate fell to 3.1% from a 14-year high of 3.3%.  

Recession fears eased Friday and gave crude prices a lift after data showed U.S. May new home sales unexpectedly rose +10.7% m/m to 696,000, stronger than expectations of a decline to 590,000.

A supportive factor for crude oil prices is the reopening of China's economy after the recent pandemic lockdowns.  Beijing and Shanghai are slowly reopen... Read more

Contract Specifications

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Contract
Crude Oil West Texas Intermediate
Contract Size
1,000 U.S. barrels (42,000 gallons)
Tick Size
1 cent per barrel ($10.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (RTH 8:00a.m. - 1:30p.m.) (Settles 1:30p.m.) CST
Exchange
NYMEX
Point Value
$1,000
Margin/Maintenance
$9,185/8,350
First Notice Date
02/24/16
Expiration Date
02/22/16 (expired)

Seasonal Chart

Crude Oil WTI Mar '16
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Jun 21, 2022

View Chart Details
Commercials - Long / Short
594,860 (-10,084)
918,775 (-27,823)
Non-Commercials - Long / Short
388,496 (-20,931)
98,994 (-7,487)
Producers - Long / Short
429,523 (-1,686)
359,598 (-15,670)
Swap Dealers - Long / Short
68,118 (-754)
461,958 (-4,509)
Managed Money - Long / Short
254,988 (-27,224)
38,635 (+6,263)
Other Reportables - Long / Short
133,508 (+6,293)
60,359 (-13,750)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
26.05 +20.84%
on 02/11/16
34.82 -9.59%
on 01/28/16
-0.71 (-2.21%)
since 01/22/16
3-Month
26.05 +20.84%
on 02/11/16
45.93 -31.46%
on 11/24/15
-12.75 (-28.83%)
since 11/20/15
52-Week
26.05 +20.84%
on 02/11/16
65.61 -52.02%
on 05/06/15
-28.71 (-47.70%)
since 02/20/15

More Crude Oil WTI Quotes

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Most Recent Stories

More News
Crude Soars on a Weak Dollar and Reduced Recession Fears

Aug WTI crude oil (CLQ22 ) on Friday closed up +3.35 (+3.21%), and Aug RBOB gasoline (RBQ22 ) closed up +12.07 (+3.30%). Crude oil and gasoline prices Friday closed sharply higher. A weaker dollar Friday...

CLQ22 : 107.62s (+3.21%)
RBQ22 : 3.7817s (+3.30%)
Nat-Gas Weighed Down by Rising U.S. Inventories

July Nymex natural gas (NGN22 ) on Friday closed down -0.019 (-0.30%). Nat-gas prices Friday extended Thursday's losses to a new 2-1/2 month low and closed moderately lower. Nat gas prices were weighed...

NGQ22 : 6.281s (-0.03%)
Crude Rallies on a Weak Dollar and Reduced Recession Concerns

Aug WTI crude oil (CLQ22 ) this morning is up +3.82 (+3.66%), and Aug RBOB gasoline (RBQ22 ) is up +7.39 (+2.02%). July Nymex natural gas (NGN22 ) is down -0.029 (-0.46%). Crude oil and gasoline prices...

CLQ22 : 107.62s (+3.21%)
RBQ22 : 3.7817s (+3.30%)
NGQ22 : 6.281s (-0.03%)
DXY00 : 104.185s (-0.24%)
Gas Gimmicks

Energy prices are trying to find some support after getting beat up on recession fears in data from the American Petroleum Institute that failed to inspire people to come back in it and buy.

Against the Odds

S&P 500 overdue relief rally – flat, lacking significant momentum, not internally at its strongest – is here. Instead of projecting any healthy bear market rally targets (numbers around 10% are often...

Markets Up...somewhat

Yesterday the markets closed Higher. Will we see the same today?

Crude Falls Back on Energy Demand Concerns

Aug WTI crude oil (CLQ22 ) on Thursday closed down -1.92 (-1.81%), and Aug RBOB gasoline (RBQ22 ) closed down -6.88 (-1.84%). Crude oil and gasoline prices Thursday posted moderate losses. A stronger...

CLQ22 : 107.62s (+3.21%)
RBQ22 : 3.7817s (+3.30%)
Nat-Gas Plunges as Weekly EIA Inventories Climb More Than Expected

July Nymex natural gas (NGN22 ) on Thursday closed down -0.619 (-9.03%). Nat-gas prices Thursday tumbled to a 2-1/2 month low and settled sharply lower on a bigger than expected build in weekly EIA nat-gas...

NGQ22 : 6.281s (-0.03%)
Crude Slides on Energy Demand Concerns

Aug WTI crude oil (CLQ22 ) this morning is down -0.96 (-0.90%), and Aug RBOB gasoline (RBQ22 ) is down -4.05 (-1.09%). July Nymex natural gas (NGN22 ) is down -0.519 (-7.57%). Crude oil and gasoline prices...

CLQ22 : 107.62s (+3.21%)
RBQ22 : 3.7817s (+3.30%)
NGQ22 : 6.281s (-0.03%)
Germany Warns High Nat-Gas Prices Could Trigger Market Collapse

German Economy Minister Habeck today warned that Russia’s moves to cut Europe’s natural gas supplies risks sparking a collapse in energy markets, much like the role of Lehman Brothers in triggering...

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 33.57
1st Resistance Point 32.53
Last Price 31.48s
1st Support Level 29.96
2nd Support Level 28.43
3rd Support Level N/A

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52-Week High 65.61
Fibonacci 61.8% 50.50
Fibonacci 50% 45.83
Fibonacci 38.2% 41.16
Last Price 31.48s
52-Week Low 26.05

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