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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.
Latest price quotes as of [[ snapshotDate ]].
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Looking for expired contracts? Check out our Crude Oil WTI Historical Prices page.

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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