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Crude Oil WTI Dec '24 (CLZ24)

68.87s -0.52 (-0.75%) 11/20/24 [NYMEX]
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Crude Oil WTI Prices for Wed, Nov 20th, 2024
Find the latest Crude Oil WTI prices and Crude Oil WTI futures quotes for all active contracts below.
Latest futures price quotes as of Tue, Feb 25th, 2025.
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Crude Oil WTI Futures Market News and Commentary

Crude Prices Rebound Mildly Higher

April WTI crude oil (CLJ25) on Monday closed up +0.30 (+0.43%), and April RBOB gasoline (RBJ25) closed down -0.0085 (-0.38%).

Crude oil prices on Monday rebounded mildly higher after last Friday's losses on weak US economic data.  Crude oil prices on Monday shook off the comment by 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, which could eventually lead to reduced sanctions on Russia and the full resumption of Russian oil exports.

Crude found support last week on a drone attack on a Russian pumping station that could reduce Kazakhstan crude oil exports by 30%.   Crude oil prices a... Read more

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