Crude Oil WTI Mini Dec '10 (QMZ10)
Crude Oil WTI Mini Futures Market News and Commentary
June WTI crude oil (CLM26) on Wednesday closed up +3.29 (+3.67%), and June RBOB gasoline (RBM26) closed up +0.1201 (+3.84%). Crude oil and gasoline prices rallied sharply on Wednesday, with gasoline posting a 3-week high. Energy prices surged on Wednesday as the cancellation of peace talks between the US and Iran keeps the Strait of Hormuz closed and disrupts global oil supplies. Wednesday’s weekly EIA report was mixed for crude oil and products.
Gains in crude oil accelerated on Wednesday amid concerns about an escalation of the US-Iran war after Iran seized two ships in the Strait of Hormuz for “endangering maritime security,” and the UK Navy said Islamic Revolutionary Guard Corps gunboats fired upon two other cargo ships.
Persian Gulf oil producers have been forced to cut production by roughly 6% due to the closure of the Strait of Hormuz as local storage facilities reach capacity. Last Monday, the US began a blockade of all vessels passing through the Strait of... Read more
Barchart · Wed Apr 22, 2:19PM CDT
June WTI crude oil (CLM26 ) on Wednesday closed up +3.29 (+3.67%), and June RBOB gasoline (RBM26 ) closed up +0.1201 (+3.84%). Crude oil and gasoline...
Barchart · Wed Apr 22, 2:17PM CDT
May Nymex natural gas (NGK26 ) on Wednesday closed up +0.025 (+0.93%). Nat-gas prices climbed to a 2-week high on Wednesday and settled higher. The outlook...
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Barchart · Wed Apr 22, 10:36AM CDT
June WTI crude oil (CLM26 ) today is up +2.55 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0882 (+2.82%). Crude oil and gasoline prices are sharply...
Barchart · Tue Apr 21, 2:19PM CDT
May WTI crude oil (CLK26 ) on Tuesday closed up +2.52 (+2.81%), and May RBOB gasoline (RBK26 ) closed up +0.0930 (+2.98%). Crude oil and gasoline prices...
Barchart · Tue Apr 21, 2:17PM CDT
May Nymex natural gas (NGK26 ) on Tuesday closed up +0.008 (+0.30%). Nat-gas prices on Tuesday erased early losses and moved higher as a rally in crude...
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