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Crude Oil WTI Dec '22 (CLZ22)
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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, Feb 29th, 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 Prices Slip After EIA Inventories Climb More Than Expected

April WTI crude oil (CLJ24) on Wednesday closed down -0.33 (-0.42%), and Apr RBOB gasoline (RBJ24) closed down -4.32 (-1.67%).

Crude oil and gasoline prices on Wednesday gave up an early advance and moved lower, with crude falling from a 3-1/2 month high on a bearish weekly EIA inventory report.  Also, Wednesday's rally in the dollar index (DXY00) to a 1-week high weighed on energy prices.  Crude prices Wednesday initially moved higher due to ongoing tensions in the Middle East and expectations that OPEC+ next week will decide to extend roughly 2 million bpd of crude production cuts beyond March.

Wednesday's global economic news was weaker-than-expected and bearish for energy demand and crude prices.  U.S. Q4 GDP was revised downward by -0.1 to 3.2% (q/q annualized) from the previously reported 3.3%.  Also, the Eurozone Feb economic confidence index unexpectedly fell -0.7 to 95.4, weaker than expectations of an increase to 96.6.

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