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Crude Oil WTI May '24 (CLK24)

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Crude Oil WTI Futures Market News and Commentary

Crude Rallies on Dollar Weakness and Chinese Energy Demand Optimism

June WTI crude oil (CLM24) on Monday closed up +0.86 (+1.10%), and June RBOB gasoline (RBM24) closed up +1.08 (+0.43%).

Crude oil and gasoline prices posted moderate gains on Monday.  A weaker dollar on Monday was supportive of energy prices.  Crude also climbed after the Chinese government started selling 1 trillion yuan ($138 billion) of special bonds to fund infrastructure spending, which should aid Chinese economic growth and support energy consumption.

Crude oil prices have underlying support from concern about the Hamas-Israel conflict.  Israel's military seems to be on the verge of conducting major military operations in the southern Gaza city of Rafah despite opposition from the Biden administration.  There is also concern that the war might spread to Hezbollah in Lebanon or even to a direct conflict with Iran.  Meanwhile, attacks on commercial shipping in the Red Sea by Iran-backed Houthi rebels have forced shippers to divert shipments around the southern tip of... Read more

Contract Specifications

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Contract
Crude Oil West Texas Intermediate
Contract Size
1,000 U.S. barrels (42,000 gallons)
Tick Size
1 cent per barrel ($10.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (RTH 8:00a.m. - 1:30p.m.) (Settles 1:30p.m.) CST
Exchange
NYMEX
Point Value
$1,000
Margin/Maintenance
$6,675/6,069
First Notice Date
04/24/24
Expiration Date
04/22/24 (expired)

Seasonal Chart

Crude Oil WTI May '24
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of May 7, 2024

View Chart Details
Commercials - Long / Short
688,456 (+48,077)
949,527 (+405)
Non-Commercials - Long / Short
360,533 (-32,249)
145,089 (+17,768)
Producers - Long / Short
557,621 (+49,251)
437,664 (+16,201)
Swap Dealers - Long / Short
45,197 (+3,494)
426,225 (-11,128)
Managed Money - Long / Short
207,621 (-37,810)
103,102 (+16,376)
Other Reportables - Long / Short
152,912 (+5,561)
41,987 (+1,392)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
80.55 +2.86%
on 03/27/24
87.67 -5.50%
on 04/12/24
+2.22 (+2.75%)
since 03/22/24
3-Month
71.52 +15.84%
on 02/05/24
87.67 -5.50%
on 04/12/24
+8.31 (+11.15%)
since 01/22/24
52-Week
65.18 +27.11%
on 06/12/23
87.67 -5.50%
on 04/12/24
+9.67 (+13.21%)
since 04/21/23

More Crude Oil WTI Quotes

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Most Recent Stories

More News
Crude Rallies on Dollar Weakness and Chinese Energy Demand Optimism

June WTI crude oil (CLM24 ) on Monday closed up +0.86 (+1.10%), and June RBOB gasoline (RBM24 ) closed up +1.08 (+0.43%). Crude oil and gasoline prices posted moderate gains on Monday. A weaker dollar...

CLM24 : 79.17 (+0.06%)
RBM24 : 2.5159 (+0.22%)
Nat-Gas Prices Surge on the Outlook for Warm US Temps

June Nymex natural gas (NGM24 ) on Monday closed up +0.129 (+5.73%). June nat-gas prices on Monday rallied to a new 3-1/2 month nearest-futures high and settled sharply higher. Prices rallied on the outlook...

NGN24 : 2.576 (-0.43%)
Uranium Miners ETF (URA) Extends Impulsive Rally

The Uranium ETF (URA) is an exchange-traded fund that aims to track the performance of companies involved in the uranium mining industry. It provides investors with exposure to the global uranium sector,...

URA : 30.85 (-1.19%)
Are Wall Street Analysts Bullish on PG&E Corporation Stock?

While PG&E Corporation has underperformed many of its peers and the overall market this year, Wall Street analysts believe the stock has a modest upside.

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Crude Pushes Higher on Dollar Weakness and Chinese Energy Demand Optimism

June WTI crude oil (CLM24) this morning is up +0.55 (+0.70%), and June RBOB gasoline (RBM24) is up +1.50 (+0.60%). Crude oil and gasoline prices today are moderately higher. A weaker dollar today is supportive...

3 Natural Gas Stocks to Invest in Rising AI Data Center Demand

As AI technology fuels data center demand, leading investment bank Goldman Sachs has identified three natural gas stocks that could be ideal buys now.

GS : 453.56 (-0.26%)
NGM24 : 2.369 (-0.50%)
WMB : 39.66 (+0.05%)
XLE : 93.58 (-0.27%)
KMI : 19.15 (+0.37%)
EQT : 39.79 (+2.21%)
PR : 16.76 (+1.15%)
Short Natural Gas Calendar Spread and a Long Gas Oil Calendar Spread

Natural Gas has bounced from the bottom of the channel all the way to the top of the channel and looks to be a good set up for a short spread.

Three Sustainability Markets Seeing Momentum

A global push toward sustainability and renewable energy has helped spur growth in futures markets for lithium, biofuels and the S&P 500 ESG index.

Crude Oil Falls Back on Stronger Dollar and Weak US Consumer Sentiment Report

June WTI crude oil (CLM24 ) Friday closed down -1.00 (-1.26%), and June RBOB gasoline (RBM24 ) closed down -4.21 (-1.66%). June WTI crude oil prices Friday edged to a new 1-1/2 week high but then fell...

CLM24 : 79.17 (+0.06%)
RBM24 : 2.5159 (+0.22%)
Crude Oil Falls Back on Stronger Dollar and Weak US Consumer Sentiment Report

June WTI crude oil (CLM24 ) today is down -0.15 (-0.19%), and June RBOB gasoline (RBM24 ) is down -0.0180 (-0.71%). June WTI crude oil prices today edged to a new 1-1/2 week high but then lost ground....

CLM24 : 79.17 (+0.06%)
RBM24 : 2.5159 (+0.22%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 85.25
2nd Resistance Point 84.37
1st Resistance Point 83.61
Last Price 82.85s
1st Support Level 81.97
2nd Support Level 81.09
3rd Support Level 80.33

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52-Week High 87.67
Last Price 82.85s
Fibonacci 61.8% 79.08
Fibonacci 50% 76.43
Fibonacci 38.2% 73.77
52-Week Low 65.18

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