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Crude Oil WTI Jan '16 (CLF16)

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Crude Oil WTI Futures Market News and Commentary

Crude Oil Continues Lower on Economic Uncertainty

Sep WTI crude oil (CLU24) on Monday closed down -0.24 (-0.31%), and Sep RBOB gasoline (RBU24) closed up +1.46 (+0.60%).

Crude oil prices on Monday extended last Friday's sharp losses on concern about the global economy and US political uncertainty.  China's -10 bp rate cut on Monday reinforced worries about China's weak economy.  The markets were already worried about Asian economic growth after Japan's Cabinet Office last Friday cut its Japan 2024 GDP projection to +0.9% from a previous estimate of +1.3%.   Meanwhile, US political uncertainty increased after President Biden on Sunday dropped out of the presidential race and endorsed Vice President Harris.

Crude has support from wildfires in Canada that threaten to curb Canadian crude production.  Rystad Energy said last Friday that 52 out-of-control wildfires in Alberta, Canada, threaten nearly 500,000 bpd of crude oil sands output and pipeline shipments to the US.

A decline in crude oil in floating storage is bul... 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
$6,617/6,016
First Notice Date
12/23/15
Expiration Date
12/21/15 (expired)

Seasonal Chart

Crude Oil WTI Jan '16
Average Price Chart for 5 Prior Jan Contracts

Commitment of Traders Positions as of Jul 16, 2024

View Chart Details
Commercials - Long / Short
635,900 (+22,059)
960,964 (+21,686)
Non-Commercials - Long / Short
376,427 (+7,198)
88,826 (+3,491)
Producers - Long / Short
498,135 (+17,417)
420,439 (+17,843)
Swap Dealers - Long / Short
42,395 (-43)
445,155 (-842)
Managed Money - Long / Short
276,160 (+5,148)
27,659 (-3,341)
Other Reportables - Long / Short
100,267 (+2,050)
61,167 (+6,832)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
33.98 +2.24%
on 12/21/15
43.46 -20.06%
on 11/24/15
-7.16 (-17.09%)
since 11/20/15
3-Month
33.98 +2.24%
on 12/21/15
52.05 -33.26%
on 10/09/15
-13.27 (-27.64%)
since 09/21/15
52-Week
33.98 +2.24%
on 12/21/15
65.56 -47.01%
on 05/06/15
-26.44 (-43.22%)
since 12/19/14

More Crude Oil WTI Quotes

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Most Recent Stories

More News
Crude Oil Continues Lower on Economic Uncertainty

Sep WTI crude oil (CLU24 ) on Monday closed down -0.24 (-0.31%), and Sep RBOB gasoline (RBU24 ) closed up +1.46 (+0.60%). Crude oil prices on Monday extended last Friday's sharp losses on concern about...

CLU24 : 78.40s (-0.31%)
RBU24 : 2.4288s (+0.60%)
Nat-Gas Prices Sharply Higher as US Weather Forecasts Shift Warmer

August Nymex natural gas (NGQ24 ) on Monday closed sharply higher by +0.123 (+5.78%). Aug nat-gas prices posted sharp gains as US weather forecasts turned warmer, which will boost nat-gas demand from electricity...

NGU24 : 2.286s (+5.59%)
What to Expect From Devon Energy's Next Quarterly Earnings Report

Devon Energy is poised to release its second-quarter results next month, and analysts are projecting a single-digit earnings growth.

DVN : 46.80 (-1.97%)
$SPX : 5,564.41 (+1.08%)
XLE : 91.79 (-0.63%)
Crude Oil Continues Lower on Economic Uncertainty

August WTI crude oil (CLQ24 ) today is down -0.24 (-0.30%), and Aug RBOB gasoline (RBQ24 ) is down -0.0096 (-0.39%). Crude oil and gasoline prices today extended last Friday's sharp losses on concern about...

CLU24 : 78.40s (-0.31%)
RBU24 : 2.4288s (+0.60%)
Here's What to Expect From Occidental Petroleum's Next Earnings Report

Occidental Petroleum is expected to release its fiscal second-quarter earnings next month, and analysts project a double-digit profit increase.

OXY : 61.21 (-3.04%)
$SPX : 5,564.41 (+1.08%)
XOP : 145.76 (-0.49%)
Top 3 Must-Buy EV Stocks for July 2024

These standout companies remain strong as the EV market faces economic challenges and EU tariffs. Their production success, market rebounds, and tech edges make them the best EV stocks for July.

BYDDY : 63.1500 (+1.77%)
$SPX : 5,564.41 (+1.08%)
TSLA : 251.51 (+5.15%)
RIVN : 17.22 (+2.81%)
VWAGY : 12.2090 (+1.49%)
5 Small-Cap Energy Dividend Stocks to Grab While They're Cheap

Energy stocks are set for an upward trajectory due to secular tailwinds, and these 5 small-cap stocks can be your picks to ride this trend.

GS : 487.04 (+0.44%)
JPM : 210.28 (+0.24%)
CLQ24 : 79.95 (-0.22%)
TNK : 65.62 (+4.54%)
REPX : 29.49 (-1.04%)
NGQ24 : 2.251s (+5.78%)
STNG : 77.59 (+2.97%)
CRGY : 12.15 (+0.83%)
NOG : 40.38 (-2.27%)
No Bull | The Five Spot

5 | Change is coming in 2025 US biomass-based diesel imports are on track to exceed one billion gallons in 2024. Effective January 1, the government will no longer incentivize biofuel imports as the current...

Nat-Gas Prices Close Slightly Higher as US Weather Forecasts Shift Warmer

August Nymex natural gas (NGQ24 ) on Friday closed up by +0.003 (+0.14%). Aug nat-gas prices posted modest gains Friday as US weather forecasts turned hotter, which will boost nat-gas demand from electricity...

NGU24 : 2.286s (+5.59%)
Crude Ends Sharply Lower on a Strong Dollar and Weak Stocks

August WTI crude oil (CLQ24 ) on Friday closed down -2.69 (-3.25%), and Aug RBOB gasoline (RBQ24 ) closed down -6.60 (-2.62%). Crude oil and gasoline prices on Friday closed sharply lower, with crude sliding...

CLU24 : 78.40s (-0.31%)
RBU24 : 2.4288s (+0.60%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 35.41
1st Resistance Point 35.07
Last Price 34.74s
1st Support Level 34.19
2nd Support Level 33.65
3rd Support Level N/A

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52-Week High 65.56
Fibonacci 61.8% 53.50
Fibonacci 50% 49.77
Fibonacci 38.2% 46.04
Last Price 34.74s
52-Week Low 33.98

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