Crude Oil WTI Nov '23 (CLX23)
Crude Oil WTI Futures Market News and Commentary
September WTI crude oil (CLU26) on Wednesday closed up +0.07 (+0.08%), and September RBOB gasoline (RBU26) closed up +0.0171 (+0.55%).
Crude oil and gasoline prices closed higher on Wednesday as the International Energy Agency (IEA) said in its monthly report that the global oil supply deficit will worsen, even as oil demand is taking a hit from the war and high prices. The IEA said global oil inventories will fall in Q3 at twice the previously estimated rate because of ongoing disruptions from the US-Iran war.
Oil prices were undercut early in the session on the bearish weekly EIA report where US oil inventories rose sharply.
Oil prices were underpinned on Wednesday as there appeared to be little progress toward a US-Iran agreement to open the Strait of Hormuz. Iran's state-owned Islamic Republic of Iran Broadcasting (IRIB) said Tuesday afternoon that the Strait of Hormuz would remain shut until all its conditions are met.
Nevertheless, Pakistan on Tuesday... Read more
Barchart · Wed Aug 12, 2:38PM CDT
September Nymex natural gas (NGU26 ) on Wednesday closed up +0.037 (+1.34%). Nat-gas prices closed higher on Wednesday as forecasts remain warm. Vaisala...
Barchart · Wed Aug 12, 2:01PM CDT
September WTI crude oil (CLU26) on Wednesday closed up +0.07 (+0.08%), and September RBOB gasoline (RBU26) closed up +0.0171 (+0.55%). Crude oil and gasoline...
Barchart · Wed Aug 12, 12:07PM CDT
Plug Power beat second-quarter estimates with revenue of $178.3 million and raised its 2026 revenue growth outlook 15% to 16%, as gross margin approached...
Barchart · Wed Aug 12, 11:16AM CDT
This energy narrative isn’t going away anytime soon, and US refiners are taking advantage while the margins are fat.
Barchart · Wed Aug 12, 11:05AM CDT
Electricity bills are rising, but how much of the AI-fueled demand surge for power is real? As it turns out, we don't really know.
Barchart · Wed Aug 12, 10:44AM CDT
September WTI crude oil (CLU26) is down -0.19 (-0.23%), and September RBOB gasoline (RBU26) is down -0.0276 (-0.88%). Crude oil and gasoline prices are...
Barchart · 5 minutes ago
Smurfit Westrock has lagged behind the broader market over the past year, yet analysts remain highly optimistic about the stock’s prospects.
Barchart · 51 minutes ago
While the record backlog and strong demand are likely to translate into sustainable revenue growth, Wall Street analysts aren't bullish on SMCI stock.
Barchart · 1 hour ago
S&P Global has underperformed the broader market over the past year, yet analysts remain highly bullish about the stock’s prospects.
Barchart · 1 hour ago
Market volatility has dropped since the recent correction, but with plenty of items on the news front, we could see a volatility spike at any point.
Barchart · 1 hour ago
September S&P 500 E-Mini futures (ESU26) are up +0.19%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.10% this morning, buoyed by a drop in...
Barchart · 1 hour ago
Rollins has underperformed the broader market over the past year, and analysts remain somewhat bullish about the stock’s prospects.
Barchart · Thu Aug 13, 4:45AM CDT
Iron Mountain has outpaced the broader market over the past year, and analysts remain highly bullish about the stock’s prospects.
Barchart · Thu Aug 13, 4:01AM CDT
Kimberly-Clark has significantly underperformed the broader market, while analysts remain moderately optimistic about its future prospects.