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Crude Oil WTI Nov '19 (CLX19)

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Crude Oil WTI Prices for [[ item.sessionDateDisplayLong ]]
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Crude Oil WTI Futures Market News and Commentary

Crude Oil Prices Plummet as the Strait of Hormuz Reopens

May WTI crude oil (CLK26) on Friday closed down -10.84 (-11.45%), and May RBOB gasoline (RBK26) closed down -0.1589 (-5.02%).  Crude oil and gasoline prices plummeted on Friday, with crude falling to a 5-week low and gasoline sliding to a 1-week low.   Energy prices sank on Friday after Iran said the Strait of Hormuz is now "completely open" to commercial shipping, paving the way for a peace deal to end the war and potentially freeing up millions of barrels of crude oil and fuel stuck inside the Persian Gulf.  The prospects for a formal peace agreement also solidified when Israel and Lebanon agreed to a 10-day ceasefire on Thursday, and the truce held up on Friday.

Crude prices came under pressure on Friday after Axios reported that the US and Iran are negotiating over a plan to end the war, with one element under discussion being that the US would release $20 billion in frozen Iranian assets in return for Iran giving up its stockpile of enriched uranium.

Persian Gulf oi... Read more

Vistra Corp website magnified-by Casimiro PT via Shutterstock
Vistra Earnings Preview: What to Expect

Vistra will release its first-quarter earnings next month, and analysts anticipate a triple-digit bottom-line growth.

An oil tanker out at sea by Gerhard Traschutz via Pixabay
How to Control Portfolio Risk Using Market Groups and Sub-Group Caps

Most traders think they’re diversified—until everything starts moving together. This article breaks down how correlation within commodity groups creates...

Crude Oil pumpjack at sunset by Zbynek Burival via Unsplash
Turning Point for Crude Oil Futures or Temporary Pullback? - Macroeconomics are Taking Control

Crude oil futures are experiencing a sharp and sudden shift in sentiment, driven primarily by geopolitical developments rather than underlying supply-demand...

Oil tanker in open sea by StockStudio via Shutterstock
Crude Oil Prices Plummet as the Strait of Hormuz Reopens

May WTI crude oil (CLK26 ) on Friday closed down -10.84 (-11.45%), and May RBOB gasoline (RBK26 ) closed down -0.1589 (-5.02%). Crude oil and gasoline...

Gas flame with blue reflection on dark backdrop by Bellanatella via iStock
Nat-Gas Prices Rise on Expectations of Hot US temps to Boost Air-Conditioning

May Nymex natural gas (NGK26 ) on Friday closed up +0.027 (+1.02%). Nat-gas prices settled higher on Friday amid concerns that summer-like US spring temperatures...

An oil tanker out at sea by Gerhard Traschutz via Pixabay
Crude Oil Prices Plunge on Opening of the Strait of Hormuz

May WTI crude oil (CLK26 ) today is down -11.82 (-12.48%), and May RBOB gasoline (RBK26 ) is down -0.2138 (-6.76%). Crude oil and gasoline prices have...

Applebee’s and IHOP Owner Dine Brands Looks Ripe For A Buyout

Dine Brands has already rallied on activist pressure, but with Applebee’s and IHOP still trading below their strategic value, private equity could be...

What You Need to Know Ahead of Charles River Laboratories' Earnings Release

Charles River Laboratories will release its first-quarter earnings next month, and analysts anticipate a double-digit profit dip.

What to Expect From Walt Disney's Next Quarterly Earnings Report

Walt Disney will release its second-quarter earnings next month, and analysts anticipate a single-digit bottom-line growth.

What You Need to Know Ahead of Hubbell's Earnings Release

Hubbell will release its first-quarter earnings later this month, and analysts anticipate a low double-digit bottom-line growth.

Tesla Earnings, Hormuz and Other Key Things to Watch this Week

Markets face an interesting week following conflicting signals about Strait of Hormuz access as Iran's Foreign Minister announced Friday the waterway was...

IDEX Corporation's Quarterly Earnings Preview: What You Need to Know

IDEX Corporation will release its first-quarter earnings later this month, and analysts anticipate a low single-digit bottom-line growth.

Vistra Earnings Preview: What to Expect

Vistra will release its first-quarter earnings next month, and analysts anticipate a triple-digit bottom-line growth.

As NetApp Expands Its Relationship With Google Cloud, Should You Buy, Sell, or Hold NTAP Stock?

Does this AI-driven push by NetApp make the stock a buy now, or start thinking about taking profits?

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