Crude Oil WTI Aug '17 (CLQ17)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK26) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26) closed down -0.2993 (-9.06%). Â Crude oil and gasoline prices plummeted on Wednesday, with crude posting a 1.5-week low and gasoline posting a 2-week low. Â Crude prices plunged on Wednesday after the US and Iran agreed to a two-week ceasefire, and Iran agreed to reopen the Strait of Hormuz. Â Crude prices were also pressured after weekly EIA crude inventories rose more than expected to a 2.75-year high.
Crude prices recovered from their worst levels on Wednesday after Iran's semi-official Fars news agency said that passage of oil tankers through the Strait of Hormuz has been halted due to Israel's continuing attacks on Lebanon.
It remains to be seen if there will be a permanent end to the Iran war. Â Iran has shown little willingness to accept US demands to eliminate its nuclear program or retire its ballistic missile arsenal. Â President Trump confirmed the US received a ten-... Read more
Barchart Wed Apr 8, 2:18PM CDT
May WTI crude oil (CLK26 ) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26 ) closed down -0.2993 (-9.06%). Crude oil and gasoline...
Barchart Wed Apr 8, 2:16PM CDT
May Nymex natural gas (NGK26 ) on Wednesday closed down -0.146 (-5.09%). Nat-gas prices tumbled to a 7.5-month nearest-futures low on Wednesday and settled...
Blue Line Futures Wed Apr 8, 2:06PM CDT
Oil prices move lower as markets assess how long the weakness may last, with Phil Streible joining Schwab Network to break down one futures contract in...
Barchart Wed Apr 8, 10:48AM CDT
May WTI crude oil (CLK26 ) today is down -17.10 (-15.14%), and May RBOB gasoline (RBK26 ) is down -0.3070 (-9.29%). Crude oil and gasoline prices are...
Barchart Wed Apr 8, 9:28AM CDT
After bouncing back and forth all day Tuesday, algorithms got the headline Tuesday night that the US president had backed off his threat to end Iran's...
TradingView Wed Apr 8, 5:14AM CDT
Iran and the U.S. have agreed to a two-week ceasefire, but it’s still unclear how the talks will turn out since both sides are at odds.
Barchart 14 minutes ago
Amcor is all set to unveil its fiscal third-quarter earnings soon, and analysts project a single-digit profit growth.
Barchart 23 minutes ago
With many big traders expecting this bounce to be temporary, it’s a great time to look at some bearish options trades.
Barchart 51 minutes ago
June S&P 500 E-Mini futures (ESM26) are down -0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.25% this morning as oil prices advanced amid...
Barchart Thu Apr 9, 4:01AM CDT
Trane Technologies is all set to release its fiscal first-quarter earnings soon, and analysts project a single-digit earnings growth.
Barchart Thu Apr 9, 3:10AM CDT
C.H. Robinson is ready to announce its fiscal first-quarter earnings soon, and analysts project a single-digit profit growth.
Barchart Wed Apr 8, 6:30PM CDT
The defense major is one of the major players for the US in the Middle East war.
Barchart Wed Apr 8, 4:18PM CDT
Cotton futures closed Wednesday with mixed action as contracts were anywhere from 38 points higher to 20 points lower. The US dollar index was $0.832 lower...
Barchart Wed Apr 8, 4:18PM CDT
Lean hog futures were weaker on Wednesday, as contracts closed with losses of a dime in some deferreds to $2.40 in June. USDA’s national base hog price...
