Gasoline RBOB Jul '23 (RBN23)
Gasoline RBOB Futures Market News and Commentary
June WTI crude oil (CLM26) on Thursday closed up +2.89 (+3.11%), and June RBOB gasoline (RBM26) closed up +0.0858 (+2.65%). Â Crude oil and gasoline prices settled sharply higher on Thursday, with gasoline climbing to a 3.75-year high. Â Energy prices remain underpinned as the Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis. Â Gains in crude prices accelerated on Thursday on signs the war in Iran will persist after President Trump said a deal with Iran will only be made "when it's appropriate and good" for the US and its allies.
US peace talks with Iran remain in limbo. Â The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. Â The US said it was waiting for a response from Iran before peace talks could restart, and Iran said it will not resume negotiations while a US naval blockade on its ports is in place. Â
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Barchart · Thu Apr 23, 2:20PM CDT
June WTI crude oil (CLM26 ) on Thursday closed up +2.89 (+3.11%), and June RBOB gasoline (RBM26 ) closed up +0.0858 (+2.65%). Crude oil and gasoline prices...
Barchart · Thu Apr 23, 2:18PM CDT
May Nymex natural gas (NGK26 ) on Thursday closed down -0.108 (-3.97%). Nat-gas prices tumbled to a 1-week low on Thursday and settled sharply lower. ...
Barchart · Thu Apr 23, 12:11PM CDT
U.S. Secretary of Energy Chris Wright believes gas prices may have peaked but will likely still stay above pre-war levels for a while.
Barchart · Thu Apr 23, 10:22AM CDT
Don't expect a peace deal to sink the barrel. The global realization of energy vulnerability has triggered a massive shift toward hoarding, ensuring that...
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...
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The wheat complex was in rally mode on Thursday. KC HRW futures led the wheat rally, with gains of 10 ½ to 29 ¼ cents, led by the front months. Chicago...
Barchart · 1 hour ago
Lean hog futures rounded out the Thursday trade with contracts 20 to 82 cents higher. USDA’s national base hog price was not reported on Thursday afternoon...
Barchart · 1 hour ago
Corn futures closed the Thursday session with most contracts ½ to 2 ¾ cents higher. The CmdtyView national average Cash Corn price as up 1 3/4 cents...
Barchart · 1 hour ago
Live cattle futures saw 22 cent to $1.05 gains to close out the Thursday session. Cash trade this week has been centered around $246 across the country....
Barchart · 1 hour ago
Soybeans saw weakness for much of the Thursday session, with contracts down 1 to 4 ¾ cents. The cmdtyView national average Cash Bean price was down 4...
Barchart · 1 hour ago
Cotton futures resumed gains on the Thursday session, as contracts closed with 17 to 81 cent gains. The US dollar index was 0.234 higher at $98.655. Crude...
Barchart · Thu Apr 23, 4:02PM CDT
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