Crude Oil WTI Jun '21 (CLM21)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK21) this morning is up +0.07 (+0.11%), and May RBOB gasoline (RBK21) is down -0.21 (-0.10%).
Crude oil and gasoline prices today are mixed, with crude oil climbing to a 1-month high. A decline in Libyan oil production is boosting crude prices today. Gains in crude were limited and gasoline was weaker due to a stronger dollar along with concern that record new global Covid infections will prompt countries to tighten restrictions that reduce economic growth and energy demand.
Libya's crude production has fallen below 1.0 million bpd as a budget dispute is hindering the ability of Libya's energy sector to fix war-damaged infrastructure. Libya's National Oil Corp (NOC) said late Monday that it stopped crude exports from the port of Harig and that the "refusal" of Libya's central bank to release money to the energy sector has forced producers to pump less crude. The NOC declared force majeure at Hariga after one of its producers cut c... Read more
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May WTI crude oil (CLK21 ) this morning is up +0.07 (+0.11%), and May RBOB gasoline (RBK21 ) is down -0.21 (-0.10%). Crude oil and gasoline prices today...
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