Crude Oil WTI Sep '23 (CLU23)
Crude Oil WTI Futures Market News and Commentary
September WTI crude oil (CLU26) on Wednesday closed up +2.49 (+2.95%), and September RBOB gasoline (RBU26) closed up +0.0186 (+0.58%).
WTI crude oil prices (CLU26) are up more than +6% today after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea. Sep Brent crude oil prices (CBU26) are trading above $100 per barrel.
The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports. The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt. President Trump said Tuesday that if there is a blockade in the Red Sea, the US “will take care of it.” Meanwhile, the US and Iran exchanged attacks for the 12th straight day, and the US mainta... Read more
Barchart · Thu Jul 23, 10:48AM CDT
September WTI crude oil (CLU26 ) on Wednesday closed up +2.49 (+2.95%), and September RBOB gasoline (RBU26 ) closed up +0.0186 (+0.58%). WTI crude oil...
Barchart · Thu Jul 23, 10:01AM CDT
Oklo energy joins President Donald Trump's administration to boost nuclear energy development.
Blue Line Futures · Thu Jul 23, 8:14AM CDT
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Barchart · Thu Jul 23, 8:00AM CDT
Fervo Energy was upgraded by Bank of America to a "Buy" rating amid the latest stock pullback.
Barchart · Thu Jul 23, 4:24AM CDT
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