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Crude Oil WTI Nov '24 (CLX24)

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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 Thu, Nov 7th, 2024.
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 Gains on Dollar Weakness and Strength in Stocks

December WTI crude oil (CLZ24) today is up +0.10 (+0.14%), and December RBOB gasoline (RBZ24) is up +0.0045 (+0.21%).

Crude oil and gasoline prices today are slightly higher on a weaker dollar and the rally in the S&P 500 to a record high, which shows confidence in the economic outlook that is positive for energy demand.  Gains in crude oil are limited by negative carryover from Wednesday when the EIA reported that crude and gasoline inventories unexpectedly rose.  Also, crude oil prices are being undercut by speculation that President-elect Trump's policies will increase US crude production and new tariffs that may slow China's economy.

Today's stronger-than-expected global economic news supported energy demand and crude prices.   US weekly initial unemployment claims rose +3,000 to 221,000, showing a stronger labor market than expectations of 222,000.  Also, China Oct exports rose +12.7% y/y, stronger than expectations of +5.0% y/y and the biggest increase in 2-1/4 yea... Read more

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