Crude Oil WTI Dec '24 (CLZ24)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK26) today is up +1.22 (+1.34%), and May RBOB gasoline (RBK26) is up +0.0446 (+1.47%). Crude oil and gasoline prices recovered from early losses on Wednesday and moved higher amid the US naval blockade of the Strait of Hormuz, which continues to curb global oil supplies. Crude prices added to their gains today after weekly EIA crude inventories unexpectedly declined.
Crude prices initially dipped to a 3-week low today after AP reported that the US and Iran had reached an “in principle agreement” to extend the ceasefire to allow more time for diplomacy. President Trump on Tuesday said peace talks with Iran could restart “over the next two days,” and extending a ceasefire that expires next week may not be necessary as the war is “close to over.”
Persian Gulf oil producers have been forced to cut production by roughly 6% due to the closure of the Strait of Hormuz as local storage facilities reach capacity. On Monday, the US began a blockade of all... Read more
Barchart · 1 hour ago
A recent story in Barrons talked about how the predictive market site Kalshi was adding new commodities for "trading"; commodities like Natural Gas and...
Barchart · Wed Apr 15, 10:40AM CDT
May WTI crude oil (CLK26 ) today is up +1.22 (+1.34%), and May RBOB gasoline (RBK26 ) is up +0.0446 (+1.47%). Crude oil and gasoline prices recovered...
Gold Price Forecast · Wed Apr 15, 9:56AM CDT
Words vs. Reality - which one will win?
Blue Line Futures · Wed Apr 15, 8:56AM CDT
Update: The headline machine is running this morning. President Trump said this morning that China was “happy” with the “permanent reopening of the...
Barchart · Wed Apr 15, 8:55AM CDT
Devon Energy will release its first-quarter earnings next month, and analysts anticipate a double-digit profit dip.
Barchart · Wed Apr 15, 8:44AM CDT
Marathon Petroleum will release its first-quarter earnings next month, and analysts anticipate a robust triple-digit bottom-line growth.
Barchart · 5 minutes ago
Solid demand for AIP, momentum in the U.S. commercial business, strength in the government segment, and significant margin expansion indicate robust growth...
Barchart · 5 minutes ago
AMD is evolving from a budget alternative into a formidable competitor to Nvidia by overcoming the CUDA software barrier. This analysis examines AMD’s...
Barchart · 39 minutes ago
Unusual volume in at-the-money call options of The Kraft Heinz Company today shows investors may be nervous ahead of earnings. Will KHC's free cash flow...
Barchart · 40 minutes ago
Cotton is rallying on Wednesday with contracts up 90 to 125 points at midday. The US dollar index is $0.063 lower at $97.845. Crude oil is up 55 cents...
Barchart · 40 minutes ago
Live cattle futures are down 45 to 90 cents at midday. Cash trade has been quiet so far this week, as last week was $246-249 in the South and $249-250...
Barchart · 40 minutes ago
Lean hog futures are trading with 40 to 70 cent losses at midday, with April up 22 cents as it expires today. USDA’s national base hog price was reported...
Barchart · 40 minutes ago
Soybeans are in rally mode, with contracts 10 to 12 cents higher so far. The cmdtyView national average Cash Bean price is up 11 cents at $10.91 1/4. Soymeal...
Barchart · 40 minutes ago
The wheat complex is reverting from early weakness to post marginal midday gains. Chicago SRW futures are fractionally to 2 cents higher. KC HRW futures...
