Crude Oil WTI Aug '24 (CLQ24)
Crude Oil WTI Futures Market News and Commentary
July WTI crude oil (CLN26) on Friday closed up +0.25 (+0.26%), and July RBOB gasoline (RBN26) closed up +0.0756 (+2.31%). Crude oil rebounded from a 1-week low on Friday and settled higher as a US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global oil supplies.
Crude prices whipsawed lower briefly on Friday following a Reuters report that said Qatar has sent a negotiating team to Tehran in coordination with the US to help secure a deal to end the war. Also, Secretary of State Rubio today noted “slight progress” in the negotiations for a peace deal. However, disagreements remain for a peace deal after Reuters on Thursday reported that Iran’s Supreme Leader said enriched uranium must stay in Iran, as sending the material abroad would leave the country more vulnerable to future attacks by the US and Israel.
Geopolitical tensions are supportive for crude prices after Reuters reported Monday that Pakistan has deployed 8,000 troops,... Read more
Bull Strangle Newsletter · Sat May 23, 9:30AM CDT
Most traders think of spread direction as simply bullish or bearish. But long-term research revealed something much more important. BUY and SELL structures...
Barchart · Fri May 22, 3:30PM CDT
Tesla’s new China hiring push for Full Self-Driving strengthens its autonomy narrative, even as valuation and execution risks remain elevated.
Barchart · Fri May 22, 2:18PM CDT
July WTI crude oil (CLN26 ) on Friday closed up +0.25 (+0.26%), and July RBOB gasoline (RBN26 ) closed up +0.0756 (+2.31%). Crude oil rebounded from a...
Barchart · Fri May 22, 2:17PM CDT
June Nymex natural gas (NGM26 ) on Friday closed down -0.111 (-3.68%). Nat-gas prices on Friday tumbled to a 1-week low and settled sharply lower. Forecasts...
Barchart · Fri May 22, 10:39AM CDT
July WTI crude oil (CLN26 ) today is up +1.31 (+1.36%), and July RBOB gasoline (RBN26 ) is up +0.0831 (+2.54%). Crude oil rebounded from a 1-week low...
Blue Line Futures · Fri May 22, 6:14AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 665)
Barchart · 1 hour ago
Intel wants to capture higher margins amid surging AI PC demand and tightening supply of advanced nodes.
Barchart · 1 hour ago
Veralto Corporation has considerably underperformed the broader market over the past 52 weeks, yet Wall Street analysts maintain a moderately optimistic...
Barchart · Sun May 24, 9:00AM CDT
Talkspace is in focus now as billionaire George Soros builds a massive stake and a $835 million acquisition moves forward.
Barchart · Sun May 24, 8:30AM CDT
Knowing how to use this tool will help ensure you are a step ahead of the game the next time the stock market rolls over.
Barchart · Sun May 24, 8:00AM CDT
Micron stock is up 133% from its March 30 low of $321.80, but MU could still be cheap. Moreover, analysts have raised their price targets. One play is...
Barchart · Sun May 24, 7:30AM CDT
Go beyond the broad index and find which segment of healthcare best suits your portfolio needs now.
Barchart · Sat May 23, 3:37PM CDT
November soybeans may be setting up one of the better seasonal opportunities in ag markets right now. Record crush demand, bullish technicals, and a weather...
Barchart · Sat May 23, 2:00PM CDT
GameStop CEO Ryan Cohen wants to buy eBay for $125/share despite board rejection. Here's what GME's balance sheet tells us about whether this deal can...
