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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 Tue, Dec 9th, 2025.
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 Prices Decline on Global Oil Glut Fears

January WTI crude oil (CLF26) on Tuesday closed down -0.63 (-1.07%), and January RBOB gasoline (RBF26) closed down -0.0084 (-0.47%).

Crude oil and gasoline prices added to Monday's losses on Tuesday, with crude posting a 1.5-week low and gasoline posting a 2-week low.  Tuesday's stronger dollar is bearish for energy prices.  Crude prices are also falling on concerns about a global oil glut.  Losses in crude are limited on expectations that restrictions on Russian energy exports will remain, with no end in sight to the  Russian-Ukrainian war.  

Crude prices came under pressure Tuesday after global commodities trader Trafigura said the global oil market is headed for a "super glut" next year as a wave of new supplies runs up against sluggish energy demand.

Weakness in the crude crack spread is a negative factor for oil prices.  The crack spread fell to a 6-week low on Tuesday, discouraging refiners from purchasing crude oil and refining it into gasoline and distillat... Read more

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