Crude Oil Brent F Jul '22 (QAN22)
Crude Oil Brent (F) Futures Market News and Commentary
Aug WTI crude oil (CLQ22) on Friday closed up +2.67 (+2.52%), and Aug RBOB gasoline (RBQ22) closed up +15.15 (+4.28%).
Crude oil and gasoline prices Friday moved moderately higher on global supply concerns due to export disruptions in Libya. Also, crude prices rose on expectations for a record amount of U.S. drivers to take the road this July 4 holiday weekend. Crude pushed higher Friday despite a rally in the dollar index to a 2-week high and weaker-than-expected U.S. economic data on May construction spending and Jun ISM manufacturing activity.
A bullish factor for crude is reduced crude supplies from Libya after the country's state oil company Wednesday said it suspended crude exports from two of its ports, declaring force majeure at Es Sider and Ras Lanuf, Libya's largest and third-biggest crude export terminals. On Monday, Libya said that it might suspend crude exports and declare force majeure for crude from the Gulf of Sirte, which contains many of the countr... Read more
- Energy in Q2- More Gains and the Ninth Consecutive Quarterly Increase in Crude Oil
Energy led the commodities asset class higher in Q2 and since the end of 2021. The war in Ukraine created supply concerns that pushed oil over the $100...
- Market Breadth Indicator Signals The Next Big Move In S&P 500
The bullish divergence in the stock market breadth and the price volume analysis of S&P 500 using the Wyckoff method suggest a potential big move ahead....
- Stock Market This Week: Five Themes to Watch
While Friday ended on a much-needed positive note, investors have plenty to chew on as they come back from the Fourth of July weekend.
- Crude Rallies on Tight Global Oil Supplies
Aug WTI crude oil (CLQ22 ) on Friday closed up +2.67 (+2.52%), and Aug RBOB gasoline (RBQ22 ) closed up +15.15 (+4.28%). Crude oil and gasoline prices...
- Nat-Gas Prices Close Sharply Higher on Forecasts for Hot U.S. Temps
Aug Nymex natural gas (NGQ22 ) on Friday closed up +0.306 (+5.64%). Nat-gas prices Friday closed sharply higher on the outlook for above-normal U.S. temperatures,...
- Grain Crushings
Grain Crushings - 2022-07-01