Crude Oil WTI Jun '19 (CLM19)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK26) on Thursday closed up +3.46 (+3.66%), and May RBOB gasoline (RBK26) closed down -0.0052 (-0.17%). Crude oil and gasoline prices settled mixed on Thursday. Crude prices rallied sharply but fell from their best level on Thursday, and gasoline slid into negative territory on hopes of de-escalation of hostilities in the Middle East when Israel agreed to direct talks with Lebanon. Crude prices initially rallied sharply on Thursday amid doubts about the sustainability of the US-Iran ceasefire. The Strait of Hormuz remains blocked, curtailing crude oil flows from the Gulf and curbing global oil supplies.
Crude prices also garnered support on Thursday after Saudi Arabia's press agency said Iranian drone and missile attacks on Saudi energy infrastructure have taken more than 600,000 bpd of Saudi crude production capacity offline.
The US and Iran both accused each other of violating the ceasefire, with a key disagreement over whether the truce exten... Read more
Barchart Thu Apr 9, 2:20PM CDT
May WTI crude oil (CLK26 ) on Thursday closed up +3.46 (+3.66%), and May RBOB gasoline (RBK26 ) closed down -0.0052 (-0.17%). Crude oil and gasoline prices...
Barchart Thu Apr 9, 2:18PM CDT
May Nymex natural gas (NGK26 ) on Thursday closed down -0.054 (-1.98%). Nat-gas prices added to this week's losses on Thursday, falling to a 7.5-month...
Barchart Thu Apr 9, 10:31AM CDT
May WTI crude oil (CLK26 ) today is up +6.57 (+6.96%), and May RBOB gasoline (RBK26 ) is up +0.0825 (+2.74%). Crude oil and gasoline prices are moving...
Blue Line Futures Thu Apr 9, 8:58AM CDT
Oil moves higher while gold and silver hold steady, with Phil Streible breaking down the key oil contract in focus and the broader market setup on Metals...
Barchart Thu Apr 9, 8:30AM CDT
While a protracted Middle East conflict threatens Eurasia with severe energy deficits, the U.S. economy stands to benefit. Backed by domestic energy self-sufficiency,...
Barchart Thu Apr 9, 6:30AM CDT
Oil prices and stocks had soared on the escalation of the Iran war, but a two-week ceasefire sent them plummeting. However, regardless of whether the ceasefire...
Barchart 6 minutes ago
Franklin Resources is expected to announce its second-quarter results this month, and analysts are projecting a double-digit rise in its EPS
Barchart 14 minutes ago
Onto Innovation (ONTO) leads in advanced process control tools for semiconductors and high-tech industries. ONTO demonstrates strong technical momentum...
Barchart 14 minutes ago
Investors are favoring memory chip stocks like Western Digital after the ceasefire deal.
Barchart 18 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.07%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.41%, and the Nasdaq 100 Index ($IUXX )...
Barchart 27 minutes ago
Intel and Google shares gain on multi-year expansion of their AI partnership. But GOOGL stock looks like a better pick at current levels than INTC.
Barchart 29 minutes ago
Cotton prices have been rallying since the early February low, as seasonal factors may have created a significant price bottom for the fluffy fiber.
Barchart 44 minutes ago
Wedbush thinks Amazon might face a “risk-on” situation after the ceasefire. Should you buy the stock here?
Barchart 46 minutes ago
Applied Digital shares slip despite posting a better-than-expected Q3 earnings release. Here’s why caution is warranted in buying the dip in APLD stock...
