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Crude Oil WTI Mar '23 (CLH23)
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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 Sun, Jun 4th, 2023.
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Crude Oil WTI Futures Market News and Commentary

Crude Closes Higher Ahead of Weekend OPEC+ Meeting

July WTI crude oil (CLN23) on Friday closed up +1.64 (+2.34%), and July RBOB gasoline (RBN23) closed up +6.45 (+2.65%).  

Crude oil and gasoline prices Friday closed moderately higher.   Crude prices rose Friday in hopes of stronger Chinese energy demand after Bloomberg reported the Chinese government is working on a new basket of measures to support the property market.  Also, the larger-than-expected increase in Friday's U.S. May nonfarm payroll report shows strength in the labor market that is supportive of economic growth and energy demand.  Finally, fund short covering lifted crude prices ahead of this weekend's OPEC+ meeting.

OPEC+ is meeting Saturday and Sunday to discuss crude production levels.   Goldman Sachs predicts the group will maintain crude output at current levels as "they want to observe the impact of fresh cuts in production, which just started this month."  

Russian Deputy Prime Minister Novak last Thursday said he doesn't see any new steps fro... Read more

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