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Crude Oil WTI Dec '23 (CLZ23)

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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 Tue, Nov 5th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil WTI Historical Prices page.

Crude Oil WTI Futures Market News and Commentary

Crude Prices Supported by Dollar Weakness and Tighter Global Supplies

December WTI crude oil (CLZ24) Tuesday closed up +0.52 (+0.73%), and December RBOB gasoline (RBZ24) closed up +0.0253 (+1.26%).

Crude oil and gasoline prices on Tuesday extended Monday's rally and posted 3-week highs.  Tuesday's slide in the dollar index (DXY00) to a 2-1/2 week low is bullish for energy prices.   Crude also has carryover support from Sunday when OPEC+ agreed to push back its December production increase by one month.  In addition, ongoing hostilities in the Middle East tensions are supporting crude due to concern that Iran is planning a counterattack on Israel.

Today's' better-than-expected economic news from the US and China, the world's two largest crude consumers, is bullish for crude.  The US Oct ISM services index unexpectedly rose +1.1 to 56.0, stronger than expectations of a decline to 53.8 and the strongest pace of expansion in 2-1/4 years.  Also, the China Oct Caixin services PMI rose +1.7 to 52.0, which was stronger than the expectations of 50.... Read more

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