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Crude Oil WTI Mini Dec '24 (QMZ24)

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Crude Oil WTI Mini Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil WTI Mini prices and Crude Oil WTI Mini futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Thu, Nov 14th, 2024.
Latest price quotes as of [[ snapshotDate ]].
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Looking for expired contracts? Check out our Crude Oil WTI Mini Historical Prices page.

Crude Oil WTI Mini Futures Market News and Commentary

Crude Settles Higher as EIA Gasoline and Distillate Inventories Fall

December WTI crude oil (CLZ24) Thursday closed up +0.27 (+0.39%), and December RBOB gasoline (RBZ24) closed up +0.0166 (+0.84%).

Crude oil and gasoline prices on Thursday posted moderate gains after weekly EIA gasoline and distillate supplies unexpectedly declined, a sign of stronger fuel demand.  Gains in crude were limited after the dollar index (DXY00) rallied to a 1-year high and after the IEA forecast a global oil surplus next year.

On Thursday, the International Energy Agency said global oil markets face a surplus of more than 1 million bpd in 2025 as Chinese oil consumption is expected to continue to decline.  It also said the crude glut could be even larger if OPEC+ decides to proceed with plans to revive its crude production.

Global energy demand concerns undercut crude prices after OPEC on Tuesday cut its 2024 global oil consumption forecast to 1.8 million bpd, -107,000 bpd lower than last month's forecast, and the fourth consecutive month the cartel has... Read more

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