Crude Oil WTI Mini Jan '25 (QMF25)
Crude Oil WTI Mini Futures Market News and Commentary
August WTI crude oil (CLQ26) on Wednesday closed down -2.87 (-3.92%), and August RBOB gasoline (RBQ26) closed down -0.0669 (-2.34%).
Crude oil and gasoline prices sold off sharply on Wednesday, with crude oil posting a 3.5-month low. Wednesday’s rally in the dollar index ($DXY) to a 13-month high weighed on energy prices. Also, the resumption of crude supplies through the reopened Strait of Hormuz has eased global oil supply concerns and is undercutting crude prices. Wednesday’s weekly EIA inventory report was mixed for crude oil and products.Â
Crude prices sank on Wednesday as more tankers openly crossed the Strait of Hormuz, boosting global crude supplies. Vessels are transiting the waterway with their satellite signals switched on, indicating growing confidence among shipowners. Also, the International Maritime Organization said it had received guarantees allowing hundreds of ships to exit the Persian Gulf.
The resumption of vessel traffic through the Strait... Read more
Barchart · Wed Jun 24, 2:16PM CDT
August WTI crude oil (CLQ26 ) on Wednesday closed down -2.87 (-3.92%), and August RBOB gasoline (RBQ26 ) closed down -0.0669 (-2.34%). Crude oil and gasoline...
Barchart · Wed Jun 24, 2:13PM CDT
July Nymex natural gas (NGN26 ) on Wednesday closed up +0.074 (+2.35%). Nat-gas prices moved higher on Wednesday as US weather forecasts shifted to hotter,...
Blue Line Futures · Wed Jun 24, 10:57AM CDT
Crude continues to weaken as Iran and gulf neighbors, alongside the West, improve relations and take steps towards a lasting peace agreement. While this...
Barchart · Wed Jun 24, 10:45AM CDT
August WTI crude oil (CLQ26 ) today is down -3.02 (-4.13%), and August RBOB gasoline (RBQ26 ) is down -0.0842 (-2.95%). Crude oil and gasoline prices are...
Barchart · Wed Jun 24, 9:00AM CDT
Fervo Energy partnered with Nvidia and the Pacific Northwest National Laboratory to develop EGS-Twin, a digital twin platform that uses real-time data...
Barchart · Tue Jun 23, 2:17PM CDT
August WTI crude oil (CLQ26 ) on Tuesday closed down -0.65 (-0.88%), and August RBOB gasoline (RBQ26 ) closed down -0.0211 (-0.73%). Crude oil and gasoline...
Barchart · 19 minutes ago
A major deal with CoreWeave is reshaping the outlook for Backblaze as AI demand boosts interest in low-cost data storage.
Barchart · 58 minutes ago
Prologis is set to announce its second-quarter earnings next month, and Wall Street expects the company’s EPS to increase by a single digit.
Barchart · 58 minutes ago
JPMorgan Chase will report its second-quarter results next month, and analysts project a high single-digit rise in EPS.
Barchart · 59 minutes ago
Bank of America will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.
Barchart · 1 hour ago
Fastenal is set to report its second-quarter earnings next month, with analysts expecting a modest double-digit increase in earnings.
Barchart · 1 hour ago
PNC Financial Services will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.
Barchart · 1 hour ago
Wells Fargo is all set to announce its fiscal second-quarter earnings next month, and analysts project a modest double-digit profit growth.
Barchart · 1 hour ago
Bank of New York Mellon will release its second-quarter earnings next month, and analysts anticipate a low double-digit bottom-line growth.