Crude Oil WTI Dec '22 (CLZ22)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK26) on Thursday closed up +3.46 (+3.66%), and May RBOB gasoline (RBK26) closed down -0.0052 (-0.17%). Â Crude oil and gasoline prices settled mixed on Thursday. Â Crude prices rallied sharply but fell from their best level on Thursday, and gasoline slid into negative territory on hopes of de-escalation of hostilities in the Middle East when Israel agreed to direct talks with Lebanon. Â Crude prices initially rallied sharply on Thursday amid doubts about the sustainability of the US-Iran ceasefire. Â The Strait of Hormuz remains blocked, curtailing crude oil flows from the Gulf and curbing global oil supplies. Â
Crude prices also garnered support on Thursday after Saudi Arabia's press agency said Iranian drone and missile attacks on Saudi energy infrastructure have taken more than 600,000 bpd of Saudi crude production capacity offline.
The US and Iran both accused each other of violating the ceasefire, with a key disagreement over whether the truce exten... Read more
Barchart Thu Apr 9, 2:20PM CDT
May WTI crude oil (CLK26 ) on Thursday closed up +3.46 (+3.66%), and May RBOB gasoline (RBK26 ) closed down -0.0052 (-0.17%). Crude oil and gasoline prices...
Barchart Thu Apr 9, 2:18PM CDT
May Nymex natural gas (NGK26 ) on Thursday closed down -0.054 (-1.98%). Nat-gas prices added to this week's losses on Thursday, falling to a 7.5-month...
Barchart Thu Apr 9, 10:31AM CDT
May WTI crude oil (CLK26 ) today is up +6.57 (+6.96%), and May RBOB gasoline (RBK26 ) is up +0.0825 (+2.74%). Crude oil and gasoline prices are moving...
Blue Line Futures Thu Apr 9, 8:58AM CDT
Oil moves higher while gold and silver hold steady, with Phil Streible breaking down the key oil contract in focus and the broader market setup on Metals...
Barchart Thu Apr 9, 8:30AM CDT
While a protracted Middle East conflict threatens Eurasia with severe energy deficits, the U.S. economy stands to benefit. Backed by domestic energy self-sufficiency,...
Barchart Thu Apr 9, 6:30AM CDT
Oil prices and stocks had soared on the escalation of the Iran war, but a two-week ceasefire sent them plummeting. However, regardless of whether the ceasefire...
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