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Crude Oil Brent F Aug '23 (QAQ23)
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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, Sep 29th, 2023.
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 Prices Retreat on Global Energy Demand Concerns

November WTI crude oil (CLX23) this morning is down -0.65 (-0.71%), and Nov RBOB gasoline (RBX23) is down -5.51 (-2.23%).

Nov WTI crude oil and gasoline prices this morning are moving lower, with gasoline tumbling to a 4-1/2 month low.  Crude prices are under pressure after today’s weaker-than-expected global economic news sparked concerns that a slowdown in the global economy will undercut energy demand.  A weaker dollar today is limiting losses in crude.  Also, tight global crude supplies are a bullish factor for prices.

Today's global economic news was mostly weaker than expected and bearish for energy demand and crude prices.  U.S. Aug personal spending rose +0.4% m/m, weaker than expectations of +0.5% m/m.  Also, the U.S. Sep MNI Chicago PMI fell -4.6 to 44.1, weaker than expectations of 47.6.  In addition, German Aug retail sales unexpectedly fell -1.2 % m/m, weaker than expectation of an increase of +0.5% m/m and the biggest decline in 8 months.  Finally, Japan Se... Read more

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