Crude Oil WTI Aug '23 (CLQ23)
Crude Oil WTI Futures Market News and Commentary
September WTI crude oil (CLU26) closed up +3.95 (+5.05%) on Monday, and September RBOB gasoline (RBU26) closed up +0.1501 (+5.03%).
Crude oil and gasoline prices rallied sharply on Monday, with gasoline soaring to a 1-week high. The lack of an agreement between Iran and Oman to reopen the Strait of Hormuz is limiting crude supplies from the Middle East and is boosting oil prices. Also, an attack on a Saudi oil refinery by Houthi militants is further straining global fuel supplies and is pushing energy prices higher.
Crude prices raced to their highs Monday afternoon when President Trump spoke out against Iran’s demand for compensation from the war, dimming hopes of a quick deal to reopen the Strait of Hormuz. In response to Iran’s demand for compensation, President Trump said he will “demand compensation from Iran for people killed and wounded with roadside bombs and many conflicts to people in Lebanon, Syria, Yemen and Gaza over the last 50 years.”
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Barchart · 57 minutes ago
If I give you 10 guesses as to what had crude oil boiling again overnight, you would only need one to get the answer correct.
Barchart · Mon Aug 10, 2:16PM CDT
September WTI crude oil (CLU26 ) closed up +3.95 (+5.05%) on Monday, and September RBOB gasoline (RBU26 ) closed up +0.1501 (+5.03%). Crude oil and gasoline...
Barchart · Mon Aug 10, 2:15PM CDT
September Nymex natural gas (NGU26 ) closed up +0.132 (+4.96%) on Monday. Nat-gas prices settled sharply higher on Monday on the outlook for much hotter...
Barchart · Mon Aug 10, 10:35AM CDT
September WTI crude oil (CLU26 ) is up +2.76 (+3.53%) on Friday, and September RBOB gasoline (RBU26 ) is up +0.1203 (+4.03%). Crude oil and gasoline prices...
Barchart · Mon Aug 10, 10:28AM CDT
Constellation Energy is locking in long-term nuclear power contracts as AI drives electricity demand higher, giving the company unusual revenue visibility...
Barchart · Mon Aug 10, 9:38AM CDT
Evergy has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.
Barchart · 2 minutes ago
Lennox has significantly underperformed the broader market amid weaker residential demand and reduced guidance, while analysts remain moderately optimistic...
Barchart · 15 minutes ago
Argus Research upgrades Sandisk stock to Buy. Here’s why analyst Jim Kelleher sees significant further upside in SNDK shares.
Barchart · 16 minutes ago
Despite its recent weakness, McDonald’s still has some support on Wall Street, with analysts maintaining a generally positive view of the stock’s longer-term...
Barchart · 20 minutes ago
Despite trailing the S&P 500 over the past 52 weeks, Ameren continues to draw a moderately optimistic outlook from Wall Street analysts.
Barchart · 24 minutes ago
While Linde has trailed the broader market over the past year, analysts remain bullish on its future growth potential.
Barchart · 28 minutes ago
Despite trailing the broader market over the past year, News Corp continues to command strong Wall Street conviction, with analysts largely bullish on...
Barchart · 45 minutes ago
Gold’s recent rebound has renewed interest in mining stocks, which offer leveraged exposure to rising bullion prices. But after the recent rally, should...
Barchart · 57 minutes ago
If I give you 10 guesses as to what had crude oil boiling again overnight, you would only need one to get the answer correct.