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Crude Oil WTI Jun '32 (CLM32)

62.57s -0.06 (-0.10%) 07/18/25 [NYMEX]
N/A x N/A N/A x N/A
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Crude Oil WTI Prices for Fri, Jul 18th, 2025
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Find the latest Crude Oil WTI prices and Crude Oil WTI futures quotes for all active contracts below.
Latest futures price quotes as of Sun, Jul 20th, 2025.
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Crude Oil WTI Futures Market News and Commentary

Concerns of a Global Crude Oil Glut Undercut Prices

August WTI crude oil (CLQ25) on Friday closed down -0.20 (-0.30%), and August RBOB gasoline (RBQ25) closed down -0.0170 (-0.78%).

Crude oil prices gave up an early advance on Friday and settled lower, amid concerns that Iraq will soon boost its crude exports after approving a plan for its semi-autonomous Kurdish region to resume crude exports through the Iraq-Turkey pipeline.  

Crude prices initially moved higher on Friday due to a weaker dollar.  Also, Friday's action by the European Union to ramp up sanctions on Russian crude exports may curb global oil supplies and is supportive for crude prices.  In addition, Friday's stronger-than-expected US economic news indicates a robust economy that supports energy demand and crude prices.

Weighing on crude is the outlook for Iraq to boost crude exports from its northern Kurdish region through the Iraq-Turkey pipeline, where oil exports have been halted since March 2023.  The Iraqi government approved a plan for the semi-... Read more

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