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Crude Oil WTI Nov '21 (CLX21)

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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 Sun, Nov 28th, 2021.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil WTI Historical Prices page.

Crude Oil WTI Futures Market News and Commentary

Crude Plunges as a New Covid Variant Sparks Energy Demand Concerns

January WTI crude oil (CLF22) on Friday closed down -10.24 (-13.06%), and January RBOB gasoline (RBF22) closed down -28.48 (-12.57%).  

WTI crude oil and RBOB gasoline prices on Friday sold off sharply, with crude falling to a 2-3/4 month low and gasoline falling to a 3-month low.  Energy prices plunged Friday on concern that the emergence of a new Covid variant will force countries to impose lockdowns and travel restrictions that curb economic activity and energy demand.

The emergence of a new Covid variant identified in South Africa hammered energy prices on Friday.  Scientists say the new variant carries a high number of mutations that could make it more effective at evading existing vaccines.  This new variant may force countries worldwide to impose fresh lockdowns to stop the spread of the virus, and that will decimate energy demand.

Weakness in the crack spread is bearish for crude prices.  The crack spread tumbled to a 9-month low Friday, discouraging refine... Read more

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