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Crude Oil Brent F May '24 (QAK24)

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Crude Oil Brent (F) Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil Brent (F) prices and Crude Oil Brent (F) futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Fri, Jul 12th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil Brent (F) Historical Prices page.

Crude Oil Brent (F) Futures Market News and Commentary

Crude Gives up Early Gains as US Consumer Sentiment Unexpectedly Falls

August WTI crude oil (CLQ24) Friday closed down -0.41 (-0.50%), and Aug RBOB gasoline (RBQ24) closed down -0.25 (-0.10%).

Crude oil and gasoline prices Friday gave up an early advance and closed moderately lower.  Crude prices gave up an early rally Friday and turned lower after the US July consumer sentiment index unexpectedly fell to an 8-month low, a negative factor for economic growth and energy demand.  Crude prices Friday initially moved higher after the dollar index (DXY00) fell to a 5-week low.  Crude also has carryover support from Wednesday when the EIA reported that weekly US crude inventories unexpectedly declined.  

Crude prices also came under pressure Friday after US President Biden said that Israel and Hamas have agreed to a cease-fire framework, potentially reducing geopolitical risks to Middle Eastern crude supplies.

Thursday's monthly report from the IEA was bearish for crude as the report said global crude consumption in Q2 rose by +710,000 bpd,... Read more

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