Crude Oil WTI Jul '21 (CLN21)
Crude Oil WTI Futures Market News and Commentary
Aug WTI crude oil (CLQ22) on Friday closed up +2.67 (+2.52%), and Aug RBOB gasoline (RBQ22) closed up +15.15 (+4.28%).
Crude oil and gasoline prices Friday moved moderately higher on global supply concerns due to export disruptions in Libya. Also, crude prices rose on expectations for a record amount of U.S. drivers to take the road this July 4 holiday weekend. Crude pushed higher Friday despite a rally in the dollar index to a 2-week high and weaker-than-expected U.S. economic data on May construction spending and Jun ISM manufacturing activity.
A bullish factor for crude is reduced crude supplies from Libya after the country's state oil company Wednesday said it suspended crude exports from two of its ports, declaring force majeure at Es Sider and Ras Lanuf, Libya's largest and third-biggest crude export terminals. On Monday, Libya said that it might suspend crude exports and declare force majeure for crude from the Gulf of Sirte, which contains many of the countr... Read more
- Crude Rallies on Tight Global Oil Supplies
Aug WTI crude oil (CLQ22 ) on Friday closed up +2.67 (+2.52%), and Aug RBOB gasoline (RBQ22 ) closed up +15.15 (+4.28%). Crude oil and gasoline prices...
- Nat-Gas Prices Close Sharply Higher on Forecasts for Hot U.S. Temps
Aug Nymex natural gas (NGQ22 ) on Friday closed up +0.306 (+5.64%). Nat-gas prices Friday closed sharply higher on the outlook for above-normal U.S. temperatures,...
- Grain Crushings
Grain Crushings - 2022-07-01
- Crude Rallies on Global Supply Concerns
Aug WTI crude oil (CLQ22 ) this morning is up +2.19 (+2.07%), and Aug RBOB gasoline (RBQ22 ) is up +9.39 (+2.66%). Aug Nymex natural gas (NGQ22 ) is up...
- Little Pause
S&P 500 might be getting a little ahead of itself in the very short-term – the price decline looks in need of some really brief consolidation. Bonds...
- Happy Fourth of July
Yesterday we suggested a down day and the markets didn't disappoint. Will that change today?