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Crude Oil WTI Aug '24 (CLQ24)

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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 Wed, Mar 4th, 2026.
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Crude Oil WTI Futures Market News and Commentary

Crude Oil Prices Supported by Iran Conflict

April WTI crude oil (CLJ26) on Wednesday closed up +0.10 (+0.13%), and April RBOB gasoline (RBJ26) closed up +0.0575 (+2.34%).

Crude oil and gasoline prices settled higher on Wednesday, with gasoline up sharply at a 19.5-month high.  Energy prices have been volatile, and on Wednesday, they were whipsawed by headlines.  Crude prices initially tumbled on Wednesday on a NY Times report that said Iranian operatives made an offer to the US to discuss terms for ending the conflict.  However, prices shot higher after Iran denied the report.  Wednesday's weekly EIA inventory report was bearish for crude as it showed crude supplies rose more than expected to a 9-month high.

Crude has some negative carryover from Tuesday, when President Trump said the US will ensure the free flow of energy through the Strait of Hormuz with insurance guarantees and even naval escorts.    

The closure of the Strait of Hormuz has halted most energy shipments from the Persian Gulf and is bullish... Read more

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