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Crude Oil WTI Mar '20 (CLH20)

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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 Sat, Nov 26th, 2022.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil WTI Historical Prices page.

Crude Oil WTI Futures Market News and Commentary

Crude Prices Weighed Down on Chinese Energy Demand Concerns

Jan WTI crude oil (CLF23) on Friday closed down -1.66 (-2.13%), and Jan RBOB gasoline (RBF23) closed down -12.01 (-5.02%).  

Crude oil and gasoline prices Friday posted moderate losses.  Chinese energy demand concerns weighed on crude prices after new Covid infections in China surged to a record, which may prompt the government to expand lockdowns and pandemic restrictions that curb economic activity, travel, and energy demand.

Chinese energy demand concerns continue to undercut crude prices.  China reported a record 31,987 new Covid infections on Thursday, which may lead to extended pandemic lockdowns in China that curb economic growth and energy demand.  Covid restrictions now cover 20% of China's economy, up from 15.6% last Monday, according to Nomura.

Friday's action by China to boost stimulus may revive economic growth and energy demand in China, the world's second-biggest economy, after the PBOC cut the reserve requirement ratio for most banks by 25 bp to 11.... Read more

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