Crude Oil WTI Oct '22 (CLV22)
Crude Oil WTI Futures Market News and Commentary
September WTI crude oil (CLU26) on Thursday closed down -2.02 (-2.43%), and September RBOB gasoline (RBU26) closed down -0.0257 (-0.81%).
Crude oil and gasoline prices fell on Thursday, with no overnight reports of new military attacks by the US or Iran in the Persian Gulf. Market concerns about the Middle East were also reduced slightly by news reports saying that the Trump administration is pivoting to using the naval blockade to apply economic pressure on Iran rather than new military attacks.
There are no reports of any progress between the US and Iran on an agreement to reopen the Strait of Hormuz, although some ships are still getting through by turning off their transponders and hoping for the best.
An Iranian military spokesperson said Thursday that no ship can safely pass the Strait of Hormuz without Iran's authorization and supervision and that President Trump's claims of control over the Strait are "nothing more than lies." The Iranian statement was in... Read more
Barchart · Fri Aug 14, 5:30AM CDT
Phillips 66 has notably outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.
Ivan Patriki · Fri Aug 14, 1:33AM CDT
This company is betting that a Columbia University chemistry breakthrough can extract hydrogen from ultramafic rock in real time, at a fraction of the...
Barchart · Thu Aug 13, 2:40PM CDT
September Nymex natural gas (NGU26 ) on Thursday closed down -0.077 (-2.75%). Nat-gas prices closed lower on Thursday due to a +36 bcf rise in nat-gas...
Barchart · Thu Aug 13, 1:51PM CDT
September WTI crude oil (CLU26) on Thursday closed down -2.02 (-2.43%), and September RBOB gasoline (RBU26) closed down -0.0257 (-0.81%). Crude oil and...
Barchart · Thu Aug 13, 11:05AM CDT
September WTI crude oil (CLU26) is down -0.83 (-1.00%), and September RBOB gasoline (RBU26) is down -0.0026 (-0.08%). Crude oil and gasoline prices are...
Blue Line Futures · Thu Aug 13, 8:52AM CDT
Crude fell yesterday as Trump's rhetoric on the Strait of Hormuz swung from bullish to bearish within a single tweet, first claiming the US had total control...
Barchart · 2 minutes ago
While Progressive stock has underperformed the broader market over the past year, Wall Street remains optimistic about the stock.
Barchart · 10 minutes ago
Although Danaher has underperformed relative to the broader market over the past year, Wall Street analysts maintain a bullish outlook about the stock’s...
Barchart · 29 minutes ago
Analysts keep hiking their revenue forecasts and price targets for Micron Technology (MU). MU stock is off its recent highs, so shorting out-of-the-money...
Barchart · 52 minutes ago
The market fundamentals for beef are getting tighter. Here’s what sparked the latest Tyson plant closures.
Barchart · 56 minutes ago
While Otis Worldwide has underperformed the broader market over the past year, Wall Street analysts are moderately optimistic about the stock’s prospects....
Barchart · 1 hour ago
Cotton futures posted modest losses of 41 to 90 points across most contracts on Thursday. Crude oil was down $2.06 per barrel, with the US dollar index...
Barchart · 1 hour ago
Lean hog futures posted losses of 20 cents to $1.70 across most contracts. Open interest was down 2,487 contracts. USDA’s national base hog price was...
Barchart · 1 hour ago
Wheat is trading with double digit gains early on Friday, following European futures strength from overnight. The wheat complex fell back lower on Thursday,...