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Crude Oil WTI May '24 (CLK24)

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Crude Oil WTI Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil WTI prices and Crude Oil WTI futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Mon, May 20th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil WTI Historical Prices page.

Crude Oil WTI Futures Market News and Commentary

Crude Closes Higher on Lower US Crude Stockpiles

June WTI crude oil (CLM24) on Friday closed up +0.83 (+1.05%), and June RBOB gasoline (RBM24) closed up +3.64 (+1.43%).

Crude oil and gasoline posted moderate gains on Friday, with crude climbing to a 2-week high and gasoline climbing to a 1-week high.  Crude prices gained Friday on carryover support from Wednesday's weekly EIA report, which showed declines in crude, gasoline, and distillate inventories.  Friday's mixed Chinese economic news limited the upside in crude prices.

Friday's mixed Chinese economic news shows an uneven recovery that may limit energy demand in China, the world's second-largest crude consumer.   China's April industrial production rose +6.7% y/y, stronger than expectations of +5.5% y/y.  However, China's April retail sales rose +2.3% y/y, weaker than expected at +3.7% y/y, and the pace of increase was slow in 16 months.  Also, China Apr new home prices fell -0.58% y/y and Apr used home prices fell -0.94% y/y, the biggest declines in 9-1/2 years.<... Read more

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