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Crude Oil WTI Mar '22 (CLH22)

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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 Mon, Sep 23rd, 2024.
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Crude Oil WTI Futures Market News and Commentary

Crude Posts Moderate Losses as Iran Is Said to Ease Tensions

Nov WTI crude oil (CLX24) Monday closed down -0.63 (-0.89%), and Nov RBOB gasoline (RBX24) closed down -3.97 (-1.98%).

Crude oil and gasoline prices Monday gave up early gains and finished moderately lower.  The strength of the dollar on Monday was negative for energy prices.  Also, signs of weakness in US and European manufacturing activity are bearish for fuel demand and oil prices.   Crude prices extended their losses Monday after comments from Iranian President Masoud Pezeshkian eased concerns of escalation of Middle East hostilities when he said his country is prepared to de-escalate tensions as long as it sees the same level of commitment on the other side.

Crude on Monday initially climbed to a 2-1/2 week high today after China boosted stimulus and on concerns that conflict in the Middle East will widen and threaten the region's oil supplies.  

Monday's global economic news was weaker than expected and was bearish for energy demand and crude prices.  The US... Read more

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