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Crude Oil WTI Cash (CLY00)

68.95s -1.76 (-2.49%) 02/25/25 [NYMEX]
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Crude Oil WTI Prices for Tue, Feb 25th, 2025
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Latest futures price quotes as of Wed, Feb 26th, 2025.
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Crude Oil WTI Futures Market News and Commentary

Crude Prices Fall Sharply on Economic Concerns

April WTI crude oil (CLJ25) on Tuesday closed down -1.77 (-2.50%), and April RBOB gasoline (RBJ25) closed down -0.0418 (-1.85%).

Crude oil prices fell sharply due to economic concerns after Tuesday's news of a sharp -7.0 point drop in the Feb US consumer confidence index to an 8-month low of 98.3.  Oil also fell in sympathy with other assets, such as stocks and cryptocurrencies.  Oil prices also saw technical selling, with Tuesday's drop in April WTI crude oil to a new 2-month low.

Oil prices were undercut Monday by the comment from Iraq's oil minister that Iraq hopes to resume Kurdistan oil pipeline exports in two days, subject to Turkey's approval.  However, the ministry said Iraq would remain within its OPEC production cap.  Those pipeline shipments of about 185,000 bpd have been shut down for the past two years due to a payment dispute.

Oil prices continue to be undercut by the thaw in US-Russian relations and possible peace talks on the Russia-Ukraine war, whi... Read more

  • Nat-Gas Prices Rally as Inventories Remain Tight

    March Nymex natural gas (NGH25 ) on Tuesday closed up +0.180 (+4.51%). March nat-gas on Tuesday rallied by +4.03%, recovering much of Monday's -5.67% decline....

  • Crude Prices Fall Sharply on Economic Concerns

    April WTI crude oil (CLJ25 ) on Tuesday closed down -1.77 (-2.50%), and April RBOB gasoline (RBJ25 ) closed down -0.0418 (-1.85%). Crude oil prices fell...

  • Crude Prices Fall Sharply on Economic Concerns

    April WTI crude oil (CLJ25 ) is down -1.72 (-2.43%), and April RBOB gasoline (RBJ25 ) is down -0.0366 (-1.62%). Crude oil prices are sharply lower due...

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