Crude Oil WTI May '33 (CLK33)
Crude Oil WTI Futures Market News and Commentary
June WTI crude oil (CLM26) today is up +2.55 (+2.84%), and June RBOB gasoline (RBM26) is up +0.0882 (+2.82%). Crude oil and gasoline prices are sharply higher today, with gasoline posting a 2-week high. Energy prices are rallying today as the cancellation of peace talks between the US and Iran keeps the Strait of Hormuz closed and disrupts global oil supplies. Today’s weekly EIA report was mixed for crude oil and products.
Gains in crude oil accelerated today amid concerns about an escalation of the US-Iran war after Iran seized two ships today in the Strait of Hormuz for “endangering maritime security,” and the UK Navy said Islamic Revolutionary Guard Corps gunboats fired upon two other cargo ships.
Persian Gulf oil producers have been forced to cut production by roughly 6% due to the closure of the Strait of Hormuz as local storage facilities reach capacity. Last Monday, the US began a blockade of all vessels passing through the Strait of Hormuz that call at Irani... Read more
Barchart · 52 minutes ago
The Trump administration's decision to preserve federal hydrogen hub funding removes a major regulatory overhang and validates Bloom Energy's long-term...
Barchart · Tue Apr 21, 2:19PM CDT
May WTI crude oil (CLK26 ) on Tuesday closed up +2.52 (+2.81%), and May RBOB gasoline (RBK26 ) closed up +0.0930 (+2.98%). Crude oil and gasoline prices...
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May Nymex natural gas (NGK26 ) on Tuesday closed up +0.008 (+0.30%). Nat-gas prices on Tuesday erased early losses and moved higher as a rally in crude...
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Crude oil prices have been a focal point for markets across all asset classes. As crude oil prices rose in response to the military conflict in Iran and...
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May NY world sugar #11 (SBK26 ) today is up +0.07 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.20 (+0.28%). Sugar prices are moving higher...
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May ICE NY cocoa (CCK26 ) today is up +131 (+4.07%), and May ICE London cocoa #7 (CAK26 ) is up +85 (+3.51%). Cocoa prices are sharply higher today on...
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Let’s look at the key outside markets and their present daily price impacts on gold and silver.
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