Crude Oil WTI Cash (CLY00)
Crude Oil WTI Futures Market News and Commentary
August WTI crude oil (CLQ26) on Friday closed down -2.69 (-3.74%), and August RBOB gasoline (RBQ26) closed down -0.0765 (-2.64%).
Crude oil and gasoline prices settled sharply lower on Friday, with crude posting a fresh 4-month low. An acceleration of oil tankers out of the Persian Gulf is boosting global oil supplies and hammering oil prices.
Crude oil prices are sinking as tanker traffic through the Strait of Hormuz has accelerated, adding millions of barrels to the global market. According to Bloomberg calculations, crude exports from the Persian Gulf have recovered to at least 75% of pre-war levels, with 13 million bbl leaving the region over the three days through Wednesday.
Crude prices are also being undercut as Saudi Arabian ships are heading to the key Ras Tanura terminal, a sign that the kingdom is set to restart exports from within the Persian Gulf for the first time since March.Â
Crude oil prices are also under pressure after Iraq warned on Thurs... Read more
Barchart · Mon Jun 29, 4:54AM CDT
Halliburton will release its second-quarter earnings next month, and analysts anticipate a low single-digit profit dip.
Bull Strangle Newsletter · Sat Jun 27, 9:38AM CDT
Carry helps identify opportunity—but it doesn't tell you which side of the trade has the historical edge. Using a database of more than 31,000 commodity...
Barchart · Fri Jun 26, 5:01PM CDT
AI's real bottleneck isn't chips, it's power. Meet the stocks delivering the electricity, grid, and equipment behind every data center, from Constellation...
Barchart · Fri Jun 26, 2:14PM CDT
August WTI crude oil (CLQ26 ) on Friday closed down -2.69 (-3.74%), and August RBOB gasoline (RBQ26 ) closed down -0.0765 (-2.64%). Crude oil and gasoline...
Barchart · Fri Jun 26, 2:13PM CDT
July Nymex natural gas (NGN26 ) on Friday closed down -0.112 (-3.35%). Nat-gas prices retreated from a 3-month high on Friday and settled sharply lower....
Blue Line Futures · Fri Jun 26, 2:06PM CDT
Crude oil is off -1.64 despite a tanker being struck within the Strait of Hormuz. The IRGC has been angered by a joint US-Gulf statement that challenged...
Barchart · 11 minutes ago
NVR, Inc. is set to announce its second-quarter earnings soon, and Wall Street expects the company’s EPS to fall by double digits.
Barchart · 20 minutes ago
Northern Trust is poised to release its second-quarter results next month, with analysts expecting a double-digit increase in earnings.
Barchart · 41 minutes ago
Packaging Corporation is set to announce its second-quarter earnings next month, and Wall Street expects the company’s EPS to fall by a single digit....
Barchart · 1 hour ago
Tesla is expected to announce its second-quarter results soon, and analysts predict that the company's bottom-line figure will remain unchanged from the...
Barchart · 1 hour ago
McDonald's Corp. stock has tumbled based on fears about how gas prices have affected sales. But it may have been overdone, especially now that gas prices...
Barchart · 1 hour ago
Wheat is trading with mixed action as the hard red contracts are higher so far on Monday AM trade. The wheat complex posted losses across most contracts...
Barchart · 1 hour ago
Soybeans are showing losses of 6 to 9 ¾ cents early on Monday morning. Futures closed the Friday session with contracts steady to 1 ½ cents lower, as...
Barchart · 1 hour ago
Lean hog futures were $1 to $1.37 higher on Friday, with front months down 2 to up 22 cents. July was $2.10 lower last week. Open interest was up 1,905...