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Crude Oil WTI Oct '24 (CLV24)

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Crude Oil WTI Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil WTI prices and Crude Oil WTI futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Tue, Mar 31st, 2026.
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Crude Oil WTI Futures Market News and Commentary

Crude Oil Prices Retreat on Hopes the Iran War is Near an End

May WTI crude oil (CLK26) on Tuesday closed down -1.50 (-1.46%), and May RBOB gasoline (RBK26) closed down -0.0559 (-1.71%).  Crude oil and gasoline prices gave up an early advance on Tuesday and settled sharply lower on hopes that the war in Iran is near an end.  

Crude prices initially rallied sharply to a 3-week high on Tuesday after President Trump said he is willing to end the US military campaign against Iran even if the Strait of Hormuz remains closed.  Also, the action by Iran on Tuesday to strike a fully laden Kuwaiti oil tanker off Dubai with a drone supported oil prices.

However, crude prices gave up their gains and turned lower Tuesday afternoon after Iran signaled openness to resolving the war.   Iranian President Masoud Pezeskhian said his country had the "necessary will to end this war," provided that hostilities end on all fronts, and the recognition of Iran's sovereignty over the Strait of Hormuz.

On Tuesday, President Trump said he is thinking of... Read more

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