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Crude Oil WTI Mini Jul '24 (QMN24)

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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 Wed, Jul 24th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil WTI Mini Historical Prices page.

Crude Oil WTI Mini Futures Market News and Commentary

Crude Oil Continues Lower on Economic Uncertainty

Sep WTI crude oil (CLU24) on Tuesday fell -1.44 (-1.84%), and Sep RBOB gasoline (RBU24) fell -0.0531 (-2.19%).

Crude oil prices on Tuesday continued lower on weaker-than-expected US economic reports and US political uncertainty, which increased after President Biden on Sunday dropped out of the presidential race and endorsed Vice President Harris.

Tuesday's June US existing home sales report of -5.4% to 3.89 million was weaker than market expectations for a -3.2% drop to 3.98 million.  Also, the July Richmond Fed manufacturing index fell by -7 points to -17, weaker than expectations for a +3 point rise to -7.  

Gasoline prices have underlying support as Exxon's Chicago-area refinery is still closed after a tornado last week cut electricity and forced a shutdown of the refinery on July 15.  The refinery has capacity of 252,000 barrels/day.

Crude has support from wildfires in Canada that threaten to curb Canadian crude production.  Rystad Energy said last Frida... Read more

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