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 · 10 minutes ago
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