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Crude Oil WTI May '24 (CLK24)

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Crude Oil WTI Futures Market News and Commentary

Crude Oil Prices Jump on Doubts the Strait of Hormuz Will Reopen

July WTI crude oil (CLN26) today is up +3.14 (+3.20%), and July RBOB gasoline (RBN26) is up +0.0321 (+0.95%).  Crude oil and gasoline prices are moving sharply higher today as the standoff between the US and Iran is fueling concerns that a prolonged closure of the Strait of Hormuz could worsen energy disruptions.  

Crude prices jumped today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in Iran, as sending the material abroad would leave the country more vulnerable to future attacks by the US and Israel.  The report tempers optimism that the US and Iran were moving closer to a deal to end the war.  

Ramped-up geopolitical tensions are supportive for crude prices after Reuters reported Monday that Pakistan has deployed 8,000 troops, a squadron of fighter jets, and an air defense system to Saudi Arabia as part of a mutual defense pact, a deployment described as a "substantial, combat-capable force" to support Saudi Arabia if it comes unde... Read more

Contract Specifications

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Contract
Crude Oil West Texas Intermediate
Contract Size
1,000 U.S. barrels (42,000 gallons)
Tick Size
1 cent per barrel ($10.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (RTH 8:00a.m. - 1:30p.m.) (Settles 1:30p.m.) CST
Exchange
NYMEX
Point Value
$1,000
Margin/Maintenance
$13,214/12,013
First Notice Date
04/24/24
Expiration Date
04/22/24 (expired)

Seasonal Chart

Crude Oil WTI May '24
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of May 12, 2026

View Chart Details
Commercials - Long / Short
958,509 (+25,067)
1,154,643 (+15,051)
Non-Commercials - Long / Short
371,491 (-10,051)
201,614 (-1,142)
Producers - Long / Short
743,791 (+27,292)
386,384 (+7,386)
Swap Dealers - Long / Short
91,319 (-8,701)
644,860 (+1,189)
Managed Money - Long / Short
187,332 (+1,577)
114,531 (-433)
Other Reportables - Long / Short
184,159 (-11,628)
87,083 (-709)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
80.55 +2.86%
on 03/27/24
87.67 -5.50%
on 04/12/24
+2.22 (+2.75%)
since 03/22/24
3-Month
71.52 +15.84%
on 02/05/24
87.67 -5.50%
on 04/12/24
+8.31 (+11.15%)
since 01/22/24
52-Week
65.18 +27.11%
on 06/12/23
87.67 -5.50%
on 04/12/24
+9.67 (+13.21%)
since 04/21/23

More Crude Oil WTI Quotes

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Most Recent Stories

More News
Crude Oil Prices Jump on Doubts the Strait of Hormuz Will Reopen

July WTI crude oil (CLN26 ) today is up +3.14 (+3.20%), and July RBOB gasoline (RBN26 ) is up +0.0321 (+0.95%). Crude oil and gasoline prices are moving sharply higher today as the standoff between the...

CLN26 : 98.60 (+0.35%)
RBN26 : 3.3261 (-1.68%)
Gold & Silver Drop On Breaking Headlines | The Key Levels to Watch | Metals Minute Phil Streible

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BE Stock Alert: Bloom Energy, Nebius Enter Into $2.6 Billion Agreement

Bloom Energy stock rallies on a landmark $2.6 billion deal with Nebius. But does that warrant loading up on BE shares today?

BE : 314.93 (+11.55%)
ORCL : 191.45 (+1.75%)
NBIS : 223.50 (+16.52%)
AEP : 129.32 (+0.35%)
Crude Oil Prices Plummet on Speculation Strait of Hormuz Could Soon Reopen

July WTI crude oil (CLN26 ) on Wednesday closed down -5.89 (-5.66%), and July RBOB gasoline (RBN26 ) closed down -0.1911 (-5.35%). Crude oil and gasoline prices plunged on Wednesday, with gasoline falling...

CLN26 : 98.60 (+0.35%)
RBN26 : 3.3261 (-1.68%)
Nat-Gas Prices Retreat on Expectations for US Storage Levels to Build

June Nymex natural gas (NGM26 ) on Wednesday closed down -0.110 (-3.53%). Nat-gas prices on Wednesday fell from an 8-week nearest-future high and settled sharply lower. Abundant US nat-gas supplies,...

NGN26 : 3.144 (-0.35%)
Grains, Livestock, and Geopolitics: How to Read What the Ag Markets Are Actually Telling Us

Barchart Senior Market Analyst Darin Newsom breaks down the morning's downward trend in grain and livestock futures, advising market participants to look past political headlines and unconfirmed Chinese...

ZSN26 : 1195-4 (-0.35%)
LEM26 : 250.250 (-1.19%)
ZWN26 : 649-2 (-1.70%)
ZCN26 : 464-0 (-0.38%)
CLN26 : 98.60 (+0.35%)
Crude Oil Prices Tumble on Hopes the Iran War Could Soon End

July WTI crude oil (CLN26 ) today is down -4.43 (-4.25%), and July RBOB gasoline (RBN26 ) is down -0.1264 (-3.54%). Crude oil and gasoline prices are falling sharply today on optimism that diplomacy may...

CLN26 : 98.60 (+0.35%)
RBN26 : 3.3261 (-1.68%)
Dominion, NextEra Merge to Create a $67 Billion Electric Behemoth. History Tells Us This Is a Cautionary Tale.

The merger will create the world's largest regulated electric utility.

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Gold, Silver & Copper | The Overnight Bounce | Will the Key Levels Hold? | Metals Minute Phil Streible

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Were There Any Surprises in the Commodity Complex Pre-Dawn Wednesday?

A look at markets and news headlines early Wednesday morning shows sometimes puzzle pieces don't necessarily fit the way we expect.

ZCZ26 : 487-0 (-0.46%)
ZSN26 : 1195-4 (-0.35%)
ZCU26 : 470-4 (-0.42%)
ZWN26 : 649-2 (-1.70%)
SIN26 : 76.845 (+0.87%)
ESM26 : 7,457.75 (+0.08%)
HOM26 : 3.8701 (-1.95%)
YMM26 : 50,214 (+0.24%)
ZSX26 : 1187-0 (-0.54%)
KEN26 : 690-0 (-1.25%)
ZCN26 : 464-0 (-0.38%)
GCM26 : 4,538.5 (+0.07%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 85.25
2nd Resistance Point 84.37
1st Resistance Point 83.61
Last Price 82.85s
1st Support Level 81.97
2nd Support Level 81.09
3rd Support Level 80.33

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52-Week High 87.67
Last Price 82.85s
Fibonacci 61.8% 79.08
Fibonacci 50% 76.43
Fibonacci 38.2% 73.77
52-Week Low 65.18

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