Crude Oil WTI Apr '22 (CLJ22)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK26) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26) closed up +0.0202 (+0.61%). Â Crude oil and gasoline prices settled higher on Monday, with crude posting a 4-week high. Â Crude prices rallied after President Trump signaled an escalation of the conflict in Iran by Tuesday if no deal is reached to reopen the Strait of Hormuz.
Crude prices jumped Monday afternoon when President Trump said the US has plans to decimate Iran by "12 o'clock" Tuesday night if there is no deal to reopen the Strait of Hormuz. Â The Wall Street Journal reported the US military is making preparations for potential strikes on energy targets in Iran.
Crude oil prices remained volatile on Monday, fluctuating between gains and losses amid news headlines about the Iran war. Â Axios reported that the US, Iran, and a group of regional mediators are discussing the terms for a potential 45-day ceasefire that could lead to a permanent end to the war. Â However, the chanc... Read more
Barchart Mon Apr 6, 2:21PM CDT
May WTI crude oil (CLK26 ) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26 ) closed up +0.0202 (+0.61%). Crude oil and gasoline prices...
Barchart Mon Apr 6, 2:19PM CDT
May Nymex natural gas (NGK26 ) on Monday closed up +0.011 (+0.39%). Nat-gas prices recovered from a 7.25-month nearest-futures low on Monday and settled...
Barchart Mon Apr 6, 12:33PM CDT
Exxon Mobil’s rally is riding a war premium built on Middle East supply risk and a tanker‑insurance backstop, but underneath that trade investors still...
Barchart Mon Apr 6, 10:42AM CDT
May WTI crude oil (CLK26 ) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26 ) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving...
Barchart Mon Apr 6, 10:11AM CDT
My reads on real market fundamentals in crude oil indicate there is indeed a short-term supply scare in place.
Blue Line Futures Mon Apr 6, 8:41AM CDT
Update: On Friday, Iran downed a US fighter jet – with the pilot reportedly ejecting to safety. Over the weekend a US rescue operation took place with...
Barchart 7 minutes ago
PTC Inc. is all set to announce its fiscal second-quarter earnings soon, and analysts project a low double-digit earnings growth.
Barchart 20 minutes ago
After Trump said that the U.S. plans to strike Iran "extremely hard" over the next 2-3 weeks, tech stocks like Nvidia sold off significantly. What is the...
Barchart 34 minutes ago
Oil is now at a new high of $113.24 ahead of Trump's Tuesday evening Iran deal ultimatum. Chevron stock is higher, pushing up CVX put and call option premiums....
Barchart 39 minutes ago
Arch Capital will release its first-quarter earnings later this month, and analysts anticipate a double-digit bottom-line growth.
Barchart 43 minutes ago
Crown Castle will release its first-quarter earnings soon, and analysts anticipate a low double-digit FFO dip.
Barchart 47 minutes ago
Ecolab will release its first-quarter earnings later this month, and analysts anticipate a double-digit bottom-line growth.
Barchart 50 minutes ago
Pentair will release its first-quarter earnings soon, and analysts anticipate a single-digit bottom-line growth.
Barchart 53 minutes ago
Microsoft is prepared to release its third-quarter results soon, with analysts predicting a double-digit earnings growth.
