Crude Oil Brent F Oct '23 (QAV23)
Crude Oil Brent (F) Futures Market News and Commentary
July WTI crude oil (CLN26) on Friday closed down -2.82 (-3.23%), and July RBOB gasoline (RBN26) closed down -0.0516 (-1.66%).
July WTI crude oil prices on Friday fell by -3.23%, adding to Thursday’s decline of -2.58%. Crude oil prices fell as reports circulated that an interim US-Iran peace agreement could be signed as early as this weekend, ending the military hostilities, reopening the Strait of Hormuz, and ending the US blockade on Iran and its oil exports. Negotiations would then begin on the more intractable issues, such as sanctions against Iran, the release of $24 billion of frozen Iranian assets, and the resolution of Iranian nuclear issues. However, Iran said its leaders still need to make a final decision on the proposed interim peace deal.
Oil prices fell sharply starting on Thursday after President Trump said he canceled planned military strikes against Iran, citing "discussions" with the Iranian leadership. He added that a "time and place of the signing"... Read more
Barchart · Fri Jun 12, 2:57PM CDT
July Nymex natural gas (NGN26 ) on Friday rose +0.033 (+1.07%). Nat-gas prices on Friday rallied +1.07%, overcoming part of Thursday’s sharp sell-off...
Barchart · Fri Jun 12, 2:14PM CDT
July WTI crude oil (CLN26 ) on Friday closed down -2.82 (-3.23%), and July RBOB gasoline (RBN26 ) closed down -0.0516 (-1.66%). July WTI crude oil prices...
Barchart · Fri Jun 12, 10:04AM CDT
NYMEX heating oil futures are a proxy for jet and diesel fuels, which are middle distillate products. Since Brent crude oil has a slightly higher sulfur...
Barchart · Fri Jun 12, 9:06AM CDT
American Water Works has underperformed the Utilities sector over the past year, and analysts are cautious about the stock’s prospects.
Barchart · Fri Jun 12, 5:05AM CDT
Friday morning in the commodity complex looks to be a classic case of doing the same thing over and over again and expecting different results.
Barchart · Thu Jun 11, 2:15PM CDT
July WTI crude oil (CLN26 ) on Thursday closed down -2.32 (-2.58%), and July RBOB gasoline (RBN26 ) closed down -0.0085 (-0.27%). Crude oil and gasoline...
Barchart · 13 minutes ago
As AI token costs surge, Wells Fargo warns that hyperscalers like Meta and Microsoft could face growing pressure on the very technology driving their explosive...
Barchart · 13 minutes ago
These days, stock-picking is a coin flip. That is a dangerous came for retirement investors to play.
Barchart · 30 minutes ago
Fair Isaac has trailed behind the broader Nasdaq Composite over the past year, and analysts remain moderately optimistic about the stock’s growth potential....
Barchart · 33 minutes ago
While Garmin has underperformed the Dow Jones Industrial Average over the past year, analysts remain cautiously optimistic about the stock's long-term...
Barchart · 36 minutes ago
Having outpaced its industry peers over the past year, Devon Energy continues to earn strong support from Wall Street analysts, who remain highly optimistic...
Barchart · 41 minutes ago
After delivering stronger returns than the broader technology sector over the past year, ON Semiconductor continues to garner a moderately bullish outlook...
Barchart · 45 minutes ago
While Archer-Daniels-Midland has outperformed the broader S&P 500 Index over the past year, analysts remain cautious about the stock’s prospects.
Barchart · 1 hour ago
This threat is why I am constantly thinking and evaluating my fixed income strategy.