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Crude Oil WTI Jul '17 (CLN17)

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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 Mon, Mar 18th, 2024.
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Looking for expired contracts? Check out our Crude Oil WTI Historical Prices page.

Crude Oil WTI Futures Market News and Commentary

Crude Ends Higher on Strong Chinese Demand and Drone Attacks on Russian Refineries

April WTI crude oil (CLJ24) on Monday closed up +1.68 (+2.07%), and Apr RBOB gasoline (RBJ24) closed up +3.86 (+1.43%).

Crude oil and gasoline prices on Monday moved higher, with crude posting a 4-1/2 month high and gasoline posting a 5-month high.  Signs of strength in Chinese crude demand pushed prices higher Monday after China processed a record volume of oil in the first two months of this year.  Also, Ukrainian drone attacks on Russian refineries over the weekend damaged several Russian oil processing facilities, limiting Russian fuel export prospects.  Gunover Group estimates about 600,000 bpd of Russian oil-refining capacity has been knocked out by the Ukrainian drone strikes.

The strength of Chinese crude oil demand is bullish for prices.  Monday's government data showed that China processed a record 118.76 MMT of crude in January and February, up +3% from the same time last year.  Also, Chinese fuel demand jumped, with expressway passenger volumes 54% higher tha... Read more

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