Crude Oil WTI Jun '24 (CLM24)
Crude Oil WTI Futures Market News and Commentary
August WTI crude oil (CLQ26) on Tuesday closed down -0.65 (-0.88%), and August RBOB gasoline (RBQ26) closed down -0.0211 (-0.73%).
Crude oil and gasoline prices were under pressure on Tuesday, with crude oil falling to a 3.5-month low. Tuesday’s rally in the dollar index ($DXY) to a 13-month high is weighing on energy prices. Also, the resumption of crude supplies through the reopened Strait of Hormuz is easing global oil supply concerns and is undercutting crude prices. In addition, Tuesday’s sell-off in global equity markets reduces confidence in the economic outlook and energy demand.
Crude prices are under pressure amid signs the US-Iran peace deal is progressing after Iran on Monday said there had been “major progress” in all-night discussions with the US over a peace deal following the interim agreement last week that led to a 60-day ceasefire extension and Iran opening the Strait of Hormuz. The US also authorized a temporary, 60-day license allowing Iran to sel... Read more
Barchart · 51 minutes ago
August WTI crude oil (CLQ26 ) on Tuesday closed down -0.65 (-0.88%), and August RBOB gasoline (RBQ26 ) closed down -0.0211 (-0.73%). Crude oil and gasoline...
Barchart · 52 minutes ago
July Nymex natural gas (NGN26 ) on Tuesday closed down -0.106 (-3.26%). Nat-gas prices retreated on Tuesday amid forecasts for cooler US summer weather,...
Barchart · 1 hour ago
Chevron secured a 20-year agreement to supply natural-gas-fired power for Microsoft’s planned $7 billion data center project in Reeves County, Texas,...
TradingView · Tue Jun 23, 11:27AM CDT
Oil prices are down, gasoline is getting cheaper, yet markets are still expecting the Fed to raise rates—not once, not twice, but possibly three times....
Barchart · Tue Jun 23, 10:33AM CDT
August WTI crude oil (CLQ26 ) today is down -0.67 (-0.91%), and August RBOB gasoline (RBQ26 ) is down -0.0534 (-1.85%). Crude oil and gasoline prices are...
Blue Line Futures · Tue Jun 23, 10:06AM CDT
Sunday night into Monday crude markets saw outsized volatility, posting a ~5% range before 8am Monday as drama surrounding the Iran-US MOU spiked markets...
Barchart · 14 minutes ago
ASML is back on Wall Street's radar as rising targets and strong demand expectations put July's earnings report in focus.
Barchart · 20 minutes ago
Micron's AI-driven surge has pushed its valuation to $1.36 trillion, with Meta and Tesla now within reach. With memory emerging as AI's biggest bottleneck,...
Barchart · 33 minutes ago
SpaceX has barely settled into life as a public company, yet it’s already eyeing a $20 billion bond sale. What could that mean for SPCX investors?
Barchart · 36 minutes ago
The dollar index (DXY00 ) climbed to a 13-month high on Tuesday and finished up by +0.36%. The dollar rallied on Tuesday's plunge in equity markets, boosting...
Barchart · 38 minutes ago
Summary: Oracle has laid off about 13% of its global workforce over the past fiscal year. Are these job cuts bullish or bearish for ORCL shares’ long-term...
Barchart · 42 minutes ago
Amazon remains well-positioned to capitalize on the long-term growth opportunities in cloud computing, AI, and digital advertising.
Barchart · 54 minutes ago
August WTI crude oil (CLQ26 ) on Tuesday closed down -0.65 (-0.88%), and August RBOB gasoline (RBQ26 ) closed down -0.0211 (-0.73%). Crude oil and gasoline...
Barchart · 55 minutes ago
Apogee’s rally may be over, but AbbVie’s upside from the deal could just be getting started.