Crude Oil WTI Jul '19 (CLN19)
Crude Oil WTI Futures Market News and Commentary
June WTI crude oil (CLM26) on Monday closed up +3.24 (+3.07%), and June RBOB gasoline (RBM26) closed up +0.0588 (+1.59%). Â Crude oil and gasoline prices rallied sharply on Monday, with crude posting a 3-week high and gasoline posting a nearly 4-year nearest-futures high. Â Crude prices soared on Monday amid doubts about the progress of peace negotiations to end the US-Iran war that is keeping the Strait of Hormuz closed and tightening global oil supplies. Â However, crude prices dropped more than -$2 a barrel in post-market trading Monday afternoon when President Trump said he canceled a scheduled attack on Iran on Tuesday after Qatar asked him to hold off.
Harsh rhetoric from President Trump boosted crude oil prices when he said the "clock is ticking" on Iran, and it "better get moving FAST on a peace deal, or there won't be anything left of them." Â Also, crude prices rose after Iran said that, despite draft changes, US demands for ending the war were "excessive and unrealisti... Read more
Barchart · Tue May 19, 7:04AM CDT
History has taught us we should have been expecting the US president to back down his latest threat against Iran. Was Watson got off guard overnight through...
Barchart · Tue May 19, 6:30AM CDT
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Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 662)
Barchart · Mon May 18, 2:32PM CDT
Dominion Energy stock soars as NextEra announces plans of buying the power company for $67 billion. But it may not be too late to invest in D shares yet....
Barchart · Mon May 18, 2:27PM CDT
June WTI crude oil (CLM26 ) on Monday closed up +3.24 (+3.07%), and June RBOB gasoline (RBM26 ) closed up +0.0588 (+1.59%). Crude oil and gasoline prices...
Barchart · Mon May 18, 2:25PM CDT
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Barchart · 6 minutes ago
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Barchart · 9 minutes ago
The alarm bells are not ringing yet, but keep your ears open.
Barchart · 14 minutes ago
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Barchart · 14 minutes ago
September U.S. T-Note futures present a selling opportunity on more price weakness.
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Barchart · 19 minutes ago
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Barchart · 31 minutes ago
As the firm awaits its major merger, are Wall Street analysts bullish or bearish on McCormick & Company?
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The S&P 500 Index ($SPX ) (SPY ) today is down -0.35%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.19%, and the Nasdaq 100 Index ($IUXX...
