Crude Oil WTI Jul '17 (CLN17)
Crude Oil WTI Futures Market News and Commentary
September WTI crude oil (CLU26) on Friday closed up +1.15 (+1.42%), and September RBOB gasoline (RBU26) closed up +0.0561 (+1.79%).
Crude oil saw support Friday after reports that Iran on Thursday night attacked two Abu Dhabi oil vessels transiting the Strait of Hormuz. Those attacks suggested that Iran intends to continue threatening vessel traffic in the Strait of Hormuz to impose long-term control over the Strait, gaining a strong geopolitical lever and possibly collecting lucrative tolls down the road.
However, oil prices on Friday were still down from Tuesday's 2-week high as the Trump administration pivots to economic pressure rather than fresh US military attacks to try to force Iran to fully reopen the Strait of Hormuz. Treasury Secretary Bessent said Friday that the administration will soon announce unprecedented economic measures against Iran that "have never been seen in the history of economic isolation of a country." The economic measures would add to the... Read more
Barchart · 1 hour ago
September Nymex natural gas (NGU26 ) on Friday closed up +0.006 (+0.22%). Nat-gas prices closed higher on Friday as forecasts indicated warm US weather...
Barchart · 1 hour ago
September WTI crude oil (CLU26) on Friday closed up +1.15 (+1.42%), and September RBOB gasoline (RBU26) closed up +0.0561 (+1.79%). Crude oil saw support...
Barchart · Fri Aug 14, 11:55AM CDT
One of the Fed’s policy hawks explains why traders shouldn’t get too excited about this week’s favorable economic data.
Barchart · Fri Aug 14, 11:03AM CDT
September WTI crude oil (CLU26) is up +0.63 (+0.78%), and September RBOB gasoline (RBU26) is up +0.0316 (+1.01%). Crude oil saw some support overnight...
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Blue Line Futures · Fri Aug 14, 9:12AM CDT
Crude is trending higher on a run of bullish headlines. Two Abu Dhabi National Oil Co. vessels, among the few still successfully moving oil through the...
Barchart · 34 minutes ago
The S&P 500 Index ($SPX ) (SPY ) on Friday fell by -0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) fell by -0.20%, and the Nasdaq 100 Index ($IUXX...
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Barchart · 1 hour ago
September Nymex natural gas (NGU26 ) on Friday closed up +0.006 (+0.22%). Nat-gas prices closed higher on Friday as forecasts indicated warm US weather...
Barchart · 1 hour ago
September WTI crude oil (CLU26) on Friday closed up +1.15 (+1.42%), and September RBOB gasoline (RBU26) closed up +0.0561 (+1.79%). Crude oil saw support...
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