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Crude Oil WTI Aug '20 (CLQ20)

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Crude Oil WTI Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil WTI prices and Crude Oil WTI futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Tue, Aug 3rd, 2021.
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Looking for expired contracts? Check out our Crude Oil WTI Historical Prices page.

Crude Oil WTI Futures Market News and Commentary

Crude Prices Close at a 1-Week Low on Global Energy Demand Concerns

September WTI crude oil (CLU21) on Monday closed down -2.69 (-3.64%), and September RBOB gasoline (RBU21) closed down -0.0600 (-2.57%).

Sep WTI crude oil and Sep RBOB gasoline prices on Monday closed sharply lower, with crude oil falling to a 1-week low.  Weaker than expected manufacturing activity in the U.S. and China, the largest economies in the world, signals reduced energy demand and hammered crude prices on Monday.  Crude oil prices are also being undercut by concern that the worsening of the global pandemic will lead to additional restrictions that curb economic activity and energy demand.

Weak fuel demand in India, the world's third-largest crude consumer, is bearish for prices.  Data from India's three biggest fuel retailers showed diesel sales in July at 5.449 MMT, down -11% below the same period in 2019 before the pandemic began.  Sales of diesel account for 40% of all Indian oil consumption.

Weaker-than-expected manufacturing activity in the U.S. and C... Read more

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