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Crude Oil WTI Jan '22 (CLF22)

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Crude Oil WTI Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil WTI prices and Crude Oil WTI futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Thu, Dec 2nd, 2021.
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Crude Oil WTI Futures Market News and Commentary

Crude Sheds Early Gains as the Omicron Variant is Found in California

January WTI crude oil (CLF22) on Wednesday closed down -0.61 (-0.92%), and January RBOB gasoline (RBF22) closed up +1.10 (+0.57%).

WTI crude oil and RBOB gasoline prices on Wednesday settled mixed.  Rising expectations that OPEC+ will abandon plans to boost crude production in January sent crude prices sharply higher early Wednesday.  However, crude prices fell back on a bearish EIA inventory report.  Losses in crude accelerated Wednesday afternoon on reports that the omicron Covid variant was found in the U.S. for the first time in California.

The OPEC+ Joint Technical Committee concluded their meeting on Wednesday with no recommendation for OPEC+ production policy.  The markets will await Thursday's OPEC+ meeting to see if the group ditches their recent plan to boost crude production in January by +400,000 bpd.

Crude prices rose early Wednesday after some OPEC+ delegates said the group is leaning toward abandoning a crude output hike in January after the world's... Read more

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