Crude Oil WTI Jul '24 (CLN24)
Crude Oil WTI Futures Market News and Commentary
June WTI crude oil (CLM26) today is up +2.68 (+2.84%), and June RBOB gasoline (RBM26) is up +0.0602 (+1.81%). Â Crude oil and gasoline prices are sharply higher today, with gasoline posting a 3.75-year high. Â Crude prices continue to climb as stalled peace talks between the US and Iran are keeping the Strait of Hormuz closed, tightening global oil supplies.
Crude price jumped today after President Trump on Saturday canceled planned negotiations with Iran in Pakistan, saying Iran "offered a lot, but not enough" to continue negotiations. Â Iranian President Pezeshkian said Iran won't enter "imposed negotiations under threats or blockade."
Energy prices remain underpinned amid the Strait of Hormuz's continued closure, threatening to deepen the global energy crisis. Â The ongoing blockade could exacerbate global oil and fuel shortages, as about a fifth of the world's oil and liquefied natural gas transits through the strait. Â Goldman Sachs estimates that crude output in the Per... Read more
Barchart · Mon Apr 27, 10:31AM CDT
June WTI crude oil (CLM26 ) today is up +2.68 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0602 (+1.81%). Crude oil and gasoline prices are sharply...
Bull Strangle Newsletter · Sat Apr 25, 7:07AM CDT
Grain markets typically build into seasonal highs over the coming months, but this year’s rally has been accelerated by geopolitical disruption. With...
WealthUp · Sat Apr 25, 6:00AM CDT
Americans are getting pinched again with gas back above $4. Here are 12 ways to get cheaper fuel or become a more fuel-efficient driver.
Barchart · Fri Apr 24, 3:50PM CDT
Based on recent trading activity, it seems the grains are mostly getting caught up in headlines and social media posts, not fundamentals.
Barchart · Fri Apr 24, 2:18PM CDT
June WTI crude oil (CLM26 ) on Friday closed down -1.45 (-1.51%), and June RBOB gasoline (RBM26 ) closed down -0.0065 (-0.19%). Crude oil and gasoline...
Barchart · Fri Apr 24, 2:16PM CDT
May Nymex natural gas (NGK26 ) on Friday closed down -0.091 (-3.48%). Nat-gas prices sank to a 1.5-year low on Friday and settled sharply lower. Growing...
Barchart · 4 minutes ago
Micron stock is up again over 5% today, and unusual options activity is seen in a Barchart report. Analysts keep raising their revenue and price targets...
Barchart · 4 minutes ago
The market is no longer rewarding stability. Apple needs an AI breakthrough to reignite its stock.
Barchart · 11 minutes ago
Cotton futures are trading with contracts 22 to 56 points higher across the front months. The US dollar index is slipping 0.084 lower at $98.280. Crude...
Barchart · 11 minutes ago
The wheat complex is showing midday gains on Monday. Chicago SRW futures are 12 to 13 cents higher on the day. KC HRW futures are 6 to 9 ¼ cents in the...
Barchart · 11 minutes ago
Live cattle futures are up $2.02 to $4.05 on Monday. Cash trade last week was centered around $246 across the country, with a few late sales of $248. Feeder...
Barchart · 11 minutes ago
Lean hog futures are up a nickel to 45 cents in the front months on Monday. USDA’s national base hog price was reported at $90.32 on Monday morning,...
Barchart · 11 minutes ago
Soybeans are up 11 to 15 cents across most contracts on Monday. The cmdtyView national average Cash Bean price is up 15 cents at $11.17 1/4. Soymeal futures...
Barchart · 11 minutes ago
Corn futures are trading with contracts up 4 to 5 ½ cents on Monday. The CmdtyView national average Cash Corn price is down 5 cents at $4.25 3/4. Monday...
