Crude Oil WTI May '21 (CLK21)
Crude Oil WTI Futures Market News and Commentary
August WTI crude oil (CLQ26) today is down -0.67 (-0.91%), and August RBOB gasoline (RBQ26) is down -0.0534 (-1.85%).
Crude oil and gasoline prices are under pressure today, with crude oil falling to a 3.5-month low. Today’s rally in the dollar index ($DXY) to a 13-month high is weighing on energy prices. Also, the resumption of crude supplies through the reopened Strait of Hormuz is easing global oil supply concerns and is weighing on crude prices. In addition, today’s sell-off in global equity markets is bearish for economic growth and prospects for energy demand.
Crude prices are under pressure amid signs the US-Iran peace deal is progressing after Iran on Monday said there had been “major progress” in all-night discussions with the US over a peace deal following the interim agreement last week that led to a 60-day ceasefire extension and Iran opening the Strait of Hormuz. The US also authorized a temporary, 60-day license allowing Iran to sell crude oil and petro... Read more
TradingView · 1 hour ago
Oil prices are down, gasoline is getting cheaper, yet markets are still expecting the Fed to raise rates—not once, not twice, but possibly three times....
Barchart · Tue Jun 23, 10:33AM CDT
August WTI crude oil (CLQ26 ) today is down -0.67 (-0.91%), and August RBOB gasoline (RBQ26 ) is down -0.0534 (-1.85%). Crude oil and gasoline prices are...
Blue Line Futures · Tue Jun 23, 10:06AM CDT
Sunday night into Monday crude markets saw outsized volatility, posting a ~5% range before 8am Monday as drama surrounding the Iran-US MOU spiked markets...
Barchart · Tue Jun 23, 9:18AM CDT
Pinnacle West Capital has outperformed the Utilities industry over the past year, and analysts are cautiously optimistic about the stock’s prospects....
Barchart · Mon Jun 22, 7:52PM CDT
The new partnership between energy giant Chevron and hyperscaler Microsoft highlights that the next phase of the artificial intelligence trade is plugging...
Barchart · Mon Jun 22, 2:14PM CDT
July WTI crude oil (CLN26 ) on Monday closed down -1.78 (-2.32%), and July RBOB gasoline (RBN26 ) closed down -0.0079 (-0.26%). Crude oil and gasoline...
Barchart · 13 minutes ago
With Amazon entering the AI chip race more aggressively, Google may be facing a formidable new challenge to its AI ambitions.
Barchart · 15 minutes ago
Today, Intel Corp. (INTC) stock is showing huge, unusual in-the-money (ITM) call options volume. It shows that investors are bullish on INTC stock over...
Barchart · 25 minutes ago
Live cattle futures are trading with 60 cent to $1.10 losses so far on Tuesday. Cash trade has yet to develop this week, as sales crept up to $258-260...
Barchart · 25 minutes ago
Soybeans are trading with fractional gains at Tuesday’s midday. The cmdtyView national average Cash Bean price is up 1/2 cents at $10.65 ¾. Soymeal...
Barchart · 25 minutes ago
The wheat complex is under pressure across the three markets on Tuesday, with spring wheat contracts leading the charge. Chicago SRW contracts are 6 to...
Barchart · 25 minutes ago
Cotton futures are trading with contracts 100 to 253 points lower at the midday portion of the session. Crude oil is down another 66 cents/bbl to $73.18....
Barchart · 25 minutes ago
Corn futures are trading with 1 to 2 ½ cent losses across the front months on Tuesday. The CmdtyView national average Cash Corn price is down 1 3/4 cents...
Barchart · 25 minutes ago
Lean hog futures are mixed, with front month July down 35 cents and other contracts up 60 to 77 cents. USDA’s national base hog price was reported at...