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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, Jan 27th, 2022.
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Looking for expired contracts? Check out our Crude Oil WTI Historical Prices page.

Crude Oil WTI Futures Market News and Commentary

Crude Settles at a 7-Year High on Energy Demand Optimism

March WTI crude oil (CLH22) on Wednesday closed up +1.75 (+2.04%), and March RBOB gasoline (RBH22) closed up +6.06 (+2.46%).  

WTI crude oil and RBOB gasoline prices Wednesday closed moderately higher, with crude posting a new 7-1/4 year nearest-futures high and gasoline posting a 3-1/2 month high.  Optimism that global crude demand will remain strong even in the face of the omicron variant is underpinning energy prices.  Crude prices also have support concern that crude supplies from Russia may decline if war erupts in Ukraine.  Crude maintained moderate gains Wednesday even after weekly EIA crude inventories rose more than expected.

Reduced concern about the spread of the omicron variant may allow travel restrictions to be lifted and is positive for fuel demand and crude prices.  The 7-day average of new U.S. Covid infections fell to a 2-1/2 week low Tuesday of 639,696.

A rebound in crude oil consumption in India, the world's third-largest crude consumer, is bull... Read more

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