Crude Oil WTI May '21 (CLK21)
Crude Oil WTI Futures Market News and Commentary
June WTI crude oil (CLM26) on Thursday closed up +2.89 (+3.11%), and June RBOB gasoline (RBM26) closed up +0.0858 (+2.65%). Â Crude oil and gasoline prices settled sharply higher on Thursday, with gasoline climbing to a 3.75-year high. Â Energy prices remain underpinned as the Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis. Â Gains in crude prices accelerated on Thursday on signs the war in Iran will persist after President Trump said a deal with Iran will only be made "when it's appropriate and good" for the US and its allies.
US peace talks with Iran remain in limbo. Â The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. Â The US said it was waiting for a response from Iran before peace talks could restart, and Iran said it will not resume negotiations while a US naval blockade on its ports is in place. Â
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Barchart · Thu Apr 23, 2:20PM CDT
June WTI crude oil (CLM26 ) on Thursday closed up +2.89 (+3.11%), and June RBOB gasoline (RBM26 ) closed up +0.0858 (+2.65%). Crude oil and gasoline prices...
Barchart · Thu Apr 23, 2:18PM CDT
May Nymex natural gas (NGK26 ) on Thursday closed down -0.108 (-3.97%). Nat-gas prices tumbled to a 1-week low on Thursday and settled sharply lower. ...
Barchart · Thu Apr 23, 12:11PM CDT
U.S. Secretary of Energy Chris Wright believes gas prices may have peaked but will likely still stay above pre-war levels for a while.
Barchart · Thu Apr 23, 10:30AM CDT
June WTI crude oil (CLM26 ) today is up +0.44 (+0.47%), and June RBOB gasoline (RBM26 ) is up +0.0093 (+0.29%). Crude oil and gasoline prices are moving...
Barchart · Thu Apr 23, 10:22AM CDT
Don't expect a peace deal to sink the barrel. The global realization of energy vulnerability has triggered a massive shift toward hoarding, ensuring that...
Barchart · Wed Apr 22, 2:19PM CDT
June WTI crude oil (CLM26 ) on Wednesday closed up +3.29 (+3.67%), and June RBOB gasoline (RBM26 ) closed up +0.1201 (+3.84%). Crude oil and gasoline...
Barchart · 3 minutes ago
Synopsys will release its second-quarter earnings soon, and analysts anticipate a double-digit profit dip.
Barchart · 6 minutes ago
Cotton price action is down 45 to 70 points early on Friday. Futures resumed gains on the Thursday session, as contracts closed with 17 to 81 point gains....
Barchart · 6 minutes ago
Soybeans are trading with contracts fractionally mixed. Futures saw weakness for much of the Thursday session, with contracts down 1 to 4 ¾ cents. Open...
Barchart · 6 minutes ago
Lean hog futures rounded out the Thursday trade with contracts 20 to 82 cents higher. Open interest was up 2,602 contracts, suggesting modest new buying....
Barchart · 6 minutes ago
Wheat is starting Friday with slight weakness across the three markets. The wheat complex was in rally mode on Thursday. KC HRW futures led the wheat rally,...
Barchart · 6 minutes ago
Corn price action so far on Friday is 1 to 2 cents higher. Futures closed the Thursday session with most contracts ½ to 2 ¾ cents higher. Preliminary...
Barchart · 6 minutes ago
Live cattle futures saw 22 cent to $1.05 gains to close out the Thursday session. Cash trade this week has been centered around $246 across the country....
Barchart · 6 minutes ago
NVIDIA will release its first-quarter earnings next month, and analysts anticipate a triple-digit bottom-line growth.
