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Crude Oil WTI ICE Jan '25 (WIF25)

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Crude Oil WTI ICE Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil WTI ICE prices and Crude Oil WTI ICE futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Thu, Nov 14th, 2024.
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Looking for expired contracts? Check out our Crude Oil WTI ICE Historical Prices page.

Crude Oil WTI ICE Futures Market News and Commentary

Crude Closes Higher on Signs of Cooperation Among Major OPEC+ Producers

December WTI crude oil (CLZ24) Wednesday closed up +0.31 (+0.46%), and December RBOB gasoline (RBZ24) closed up +0.0008 (+0.04%).

Crude oil and gasoline prices recovered from 2-week lows and settled slightly higher on Wednesday.  Short covering emerged in crude Wednesday after Russian President Putin and Saudi Crown Prince Mohammed bin Salman stressed "the importance of continuing close coordination in OPEC+."  The comments suggest the group could further delay any planned cuts in crude production if oil prices remain low.

Crude and gasoline on Wednesday initially fell to 2-week lows after the dollar index (DXY00) recovered from early losses and rallied to a 1-year high.  Crude prices also slipped on unconfirmed reports that said Iran may hold off on retaliating against Israel, which eases concerns about an escalation of hostilities in the Middle East.

A bearish factor for crude was Wednesday's action by Morgan Stanley to cut its full-year crude demand growth forec... Read more

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