Crude Oil WTI Sep '23 (CLU23)
Crude Oil WTI Futures Market News and Commentary
October WTI crude oil (CLV26) closed up +4.46 (+5.20%) on Tuesday, and October RBOB gasoline (RBV26) closed up +0.0581 (+1.89%).
Crude oil and gasoline prices surged on Tuesday, with crude oil posting a 6-week high. Crude prices rallied sharply on escalation of hostilities between the US and Iran, raising concerns about prolonged disruptions to energy flows through the Strait of Hormuz.
Crude oil prices soared on Tuesday after two oil supertankers were struck by projectiles late Monday while attempting to exit the Strait of Hormuz. The attacks came after the US on Sunday targeted Iranian rocket launchers preparing to send mines into the Strait of Hormuz, and after Iran retaliated by firing missiles and drones at US air bases in Jordan and the United Arab Emirates.
Crude prices raced to their highs Tuesday afternoon when the US launched a fresh wave of strikes against targets in Iran in retaliation for Iran trying to put mines in the Strait of Hormuz and for earl... Read more
Blue Line Futures · 33 minutes ago
Crude surged again yesterday after continued US strikes on Iran, with the IRGC vowing retaliation and refining margins topping $100 a barrel as diesel...
Barchart · Tue Sep 1, 3:22PM CDT
Fervo Energy is emerging as a potential answer to AI's power problem.
Barchart · Tue Sep 1, 2:13PM CDT
October WTI crude oil (CLV26 ) closed up +4.46 (+5.20%) on Tuesday, and October RBOB gasoline (RBV26 ) closed up +0.0581 (+1.89%). Crude oil and gasoline...
Barchart · Tue Sep 1, 2:12PM CDT
October Nymex natural gas (NGV26 ) on Tuesday closed down -0.031 (-1.06%). Nat-gas prices settled lower on Tuesday as US weather forecasts turned cooler,...
Barchart · Tue Sep 1, 2:00PM CDT
August was a bullish month for commodities, with gains in most sectors except for animal proteins and lumber. Ongoing conflicts in Ukraine and the Middle...
Barchart · 5 minutes ago
Outpacing the Nasdaq Composite over the past 12 months, Sandisk continues to receive a highly bullish outlook from Wall Street analysts, reflecting confidence...
Barchart · 19 minutes ago
While Wall Street remains pensive about the long-term trajectory of UMC stock, there is a possible momentum case to be made.
Barchart · 35 minutes ago
Despite Boston Scientific’s weak performance relative to its industry peers over the past year, Wall Street analysts remain bullish about the stock’s...
Barchart · 44 minutes ago
Over the past year, Prologis has outpaced the growth of the S&P 500 Index, leading to a moderately bullish sentiment of the stock by analysts.
Barchart · 1 hour ago
Although Lockheed Martin has outperformed relative to the industrial sector over the past year, Wall Street analysts maintain a cautiously optimistic outlook...
Barchart · 1 hour ago
Lean hog futures posted mixed Tuesday trade, with contracts down a tick to 25 cents and deferreds steady to 25 cents higher. Open interest was up 2,185...
Barchart · 1 hour ago
Cotton price action is down 250 to 350 early on Wednesday morning. Futures posted Turnaround Tuesday losses of 115 to 169 points at the Tuesday close....
Barchart · 1 hour ago
Wheat is starting off Wednesday trade with contracts down 5 to 11 cents. The wheat complex started off September with an extension of the rally. Chicago...