Crude Oil Brent F Mar '25 (QAH25)
Crude Oil Brent (F) Futures Market News and Commentary
May WTI crude oil (CLK26) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26) closed down -0.2993 (-9.06%). Â Crude oil and gasoline prices plummeted on Wednesday, with crude posting a 1.5-week low and gasoline posting a 2-week low. Â Crude prices plunged on Wednesday after the US and Iran agreed to a two-week ceasefire, and Iran agreed to reopen the Strait of Hormuz. Â Crude prices were also pressured after weekly EIA crude inventories rose more than expected to a 2.75-year high.
Crude prices recovered from their worst levels on Wednesday after Iran's semi-official Fars news agency said that passage of oil tankers through the Strait of Hormuz has been halted due to Israel's continuing attacks on Lebanon.
It remains to be seen if there will be a permanent end to the Iran war. Â Iran has shown little willingness to accept US demands to eliminate its nuclear program or retire its ballistic missile arsenal. Â President Trump confirmed the US received a ten-... Read more
Barchart 1 hour ago
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...
Barchart Wed Apr 8, 2:18PM CDT
May WTI crude oil (CLK26 ) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26 ) closed down -0.2993 (-9.06%). Crude oil and gasoline...
Barchart Wed Apr 8, 2:16PM CDT
May Nymex natural gas (NGK26 ) on Wednesday closed down -0.146 (-5.09%). Nat-gas prices tumbled to a 7.5-month nearest-futures low on Wednesday and settled...
Blue Line Futures Wed Apr 8, 2:06PM CDT
Oil prices move lower as markets assess how long the weakness may last, with Phil Streible joining Schwab Network to break down one futures contract in...
Barchart Wed Apr 8, 10:48AM CDT
May WTI crude oil (CLK26 ) today is down -17.10 (-15.14%), and May RBOB gasoline (RBK26 ) is down -0.3070 (-9.29%). Crude oil and gasoline prices are...
Barchart Wed Apr 8, 9:28AM CDT
After bouncing back and forth all day Tuesday, algorithms got the headline Tuesday night that the US president had backed off his threat to end Iran's...
Barchart 12 minutes ago
Nvidia stock gains on a two-week ceasefire agreement between the U.S. and Iran. Wedbush explains why the announcement is majorly bullish for NVDA shares....
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Soybeans are trading 3 to 4 cents higher on Thursday morning. Futures closed the Wednesday session with contracts steady to 3 ¾ cents in the green, getting...
