Crude Oil WTI May '34 (CLK34)
Crude Oil WTI Futures Market News and Commentary
June WTI crude oil (CLM26) on Thursday closed up +0.15 (+0.15%), and June RBOB gasoline (RBM26) closed down -0.0130 (-0.36%). Â Crude oil and gasoline prices settled mixed on Thursday. Â Crude prices pushed higher on Thursday as peace talks between the US and Iran remain in limbo, keeping global oil supplies tight amid the Strait of Hormuz closure. Â Gains in crude were limited, and gasoline fell on Thursday after the dollar index ($DXY) rallied to a 2-week high. Â Also, signs that OPEC+ may boost its crude production are negative for oil prices.
On Thursday, OPEC+ delegates said that the cartel aims to continue a series of oil quota increases over the next few months, completing the return of halted oil production by the end of September. Â The group already formally agreed to restore about two-thirds of the 1.65 million bpd supply cutback it made back in 2023 and said it plans to raise output targets further and to revive the final portion in three more monthly stages. Â However,... Read more
Barchart · Fri May 15, 6:54AM CDT
All it took was one look at Friday morning markets to confirm what the trip by the US contingent to China was all about - Selling ill-gotten oil.
Barchart · Fri May 15, 6:11AM CDT
Phillips 66 has outperformed the broader market over the past year, and analysts are cautiously optimistic about the stock’s prospects.
Barchart · Thu May 14, 2:19PM CDT
June WTI crude oil (CLM26 ) on Thursday closed up +0.15 (+0.15%), and June RBOB gasoline (RBM26 ) closed down -0.0130 (-0.36%). Crude oil and gasoline...
Barchart · Thu May 14, 2:17PM CDT
June Nymex natural gas (NGM26 ) on Thursday closed up +0.030 (+1.05%). Nat-gas prices recovered from early losses on Thursday and settled higher on a smaller-than-expected...
Barchart · Thu May 14, 10:35AM CDT
June WTI crude oil (CLM26 ) today is down -0.19 (-0.19%), and June RBOB gasoline (RBM26 ) is down -0.0534 (-1.48%). Crude oil and gasoline prices are...
Barchart · Thu May 14, 6:29AM CDT
FirstEnergy has underperformed the broader market over the past year, but analysts cautiously optimistic about the stock’s prospects.
Barchart · 13 minutes ago
July coffee futures present a selling opportunity on more price weakness.
Barchart · 24 minutes ago
Affirm stock rallies as Mizuho raises price target on the fintech firm. Here’s why analyst Dan Dolev is constructive on AFRM shares for the remainder...
Barchart · 24 minutes ago
While it’s understandable that traders are betting against NCLH stock amid skepticism, the market may be overestimating the permanence of current stressors....
Barchart · 25 minutes ago
Kimberly-Clark has underperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects.
Barchart · 29 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is down -1.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX...
Barchart · 37 minutes ago
The new Googlebook will have Gemini Intelligence at its core, reshaping the future of personal computing.
Barchart · 49 minutes ago
Despite Hilton Worldwide's outperformance relative to the SPX over the past year, Wall Street analysts maintain a cautiously optimistic outlook about the...
Barchart · 1 hour ago
Smurfit Westrock has underperformed the broader market over the past year, yet analysts remain highly optimistic about the stock’s prospects.
