Crude Oil WTI Oct '23 (CLV23)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK26) on Tuesday closed up +2.52 (+2.81%), and May RBOB gasoline (RBK26) closed up +0.0930 (+2.98%). Â Crude oil and gasoline prices recovered from early losses on Tuesday and moved sharply higher as Iran has yet to confirm its attendance at further talks in Pakistan with the US before a ceasefire expires on Wednesday.
Gains in crude prices accelerated on Tuesday after Vice President Vance's trip to Pakistan to meet Iranian negotiators was put on hold when Iran failed to respond to US negotiating positions.
Escalating tensions in the Middle East are keeping the Strait of Hormuz closed and supporting energy prices. Â A US-Iran ceasefire is due to expire at the end of Wednesday, and President Trump said it's "highly unlikely" he will extend the ceasefire.
Persian Gulf oil producers have been forced to cut production by roughly 6% due to the closure of the Strait of Hormuz as local storage facilities reach capacity. Â Last Monday, the US began a block... Read more
Barchart · Tue Apr 21, 2:19PM CDT
May WTI crude oil (CLK26 ) on Tuesday closed up +2.52 (+2.81%), and May RBOB gasoline (RBK26 ) closed up +0.0930 (+2.98%). Crude oil and gasoline prices...
Barchart · Tue Apr 21, 2:17PM CDT
May Nymex natural gas (NGK26 ) on Tuesday closed up +0.008 (+0.30%). Nat-gas prices on Tuesday erased early losses and moved higher as a rally in crude...
Barchart · Tue Apr 21, 2:00PM CDT
Crude oil prices have been a focal point for markets across all asset classes. As crude oil prices rose in response to the military conflict in Iran and...
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Barchart · Tue Apr 21, 10:38AM CDT
May WTI crude oil (CLK26 ) today is up +3.56 (+3.97%), and May RBOB gasoline (RBK26 ) is up +0.0682 (+2.19%). Crude oil and gasoline prices recovered...
Barchart · Tue Apr 21, 7:14AM CDT
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