Crude Oil WTI Mini May '26 (QMK26)
Crude Oil WTI Mini Futures Market News and Commentary
May WTI crude oil (CLK26) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26) closed down -0.2993 (-9.06%). Â Crude oil and gasoline prices plummeted on Wednesday, with crude posting a 1.5-week low and gasoline posting a 2-week low. Â Crude prices plunged on Wednesday after the US and Iran agreed to a two-week ceasefire, and Iran agreed to reopen the Strait of Hormuz. Â Crude prices were also pressured after weekly EIA crude inventories rose more than expected to a 2.75-year high.
Crude prices recovered from their worst levels on Wednesday after Iran's semi-official Fars news agency said that passage of oil tankers through the Strait of Hormuz has been halted due to Israel's continuing attacks on Lebanon.
It remains to be seen if there will be a permanent end to the Iran war. Â Iran has shown little willingness to accept US demands to eliminate its nuclear program or retire its ballistic missile arsenal. Â President Trump confirmed the US received a ten-... Read more
Barchart 17 minutes ago
While a protracted Middle East conflict threatens Eurasia with severe energy deficits, the U.S. economy stands to benefit. Backed by domestic energy self-sufficiency,...
Barchart Thu Apr 9, 6:30AM CDT
Oil prices and stocks had soared on the escalation of the Iran war, but a two-week ceasefire sent them plummeting. However, regardless of whether the ceasefire...
Barchart Wed Apr 8, 2:18PM CDT
May WTI crude oil (CLK26 ) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26 ) closed down -0.2993 (-9.06%). Crude oil and gasoline...
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Barchart Wed Apr 8, 10:48AM CDT
May WTI crude oil (CLK26 ) today is down -17.10 (-15.14%), and May RBOB gasoline (RBK26 ) is down -0.3070 (-9.29%). Crude oil and gasoline prices are...
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