Crude Oil WTI Futures - Aug 26 (OIL)

Currency in USD
69.51
+0.96(+1.40%)
Real-time Data·

Crude Oil WTI Futures Discussions

40 years of trading oil I have learned one thing. Politics will always defeat the reality of what oil prices should be ( temporarily) paper trading barrels vs. Physical barrels are trading at an 83:1 ratio. Crack spreads ( refining margins) have never been this high with oil this low in history. The recent surge in oil supply released ( Hormuz opening) will quickly be refined and consumed. Oil prices always overshoot to the high side and also the low side. Policy uncertainty has made oil too volatile to hold. Investor VaR has collapsed by c.$5B. Open interest is at the lowest level in years. Large Commercial/Producers remain positioned long at historically high levels. Interestingly as OI is low, which usually is a bottom condition.
Should be hitting $63 soon if no more attacks effecting strait of Hormuz traffic
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it seems it wants to drop hard.
There sure is a lot of optimism that normal flows thru the strait plus extra flows westerly from Arab nations will resume at an ultra fast pace....Venezuela is also magically going to produce more.... there are $B of dollars and rebuilding needing to happen first....remember that 1B+ barrels haven't been flowing for 4 months... ooooh but 30M made it thru last week
You forgot the magic "M" word.
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No one can stop It is going below 65 this week
manipulated to the max
it could be more, still. imagine it was $75?
Dirk Diggler should be 84$ . usa running out soon .
Daniel Petersoni I hope you're right. I missed the boat.
Hit the Daily 200DMA today then rallied. The next week will be interesting Still much of the deal has question marks. It's still just an MOU
Target $30
sure bud
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Meet in Switzerland to sign a deal that says they will meet to negotiate and make a deal in the next 60 days. sounds like a tv show deal, or no deal?
Isn't it creative and wonderful? Iran will comply because the alternative is not good for them now that other Gulf states have rallied behind this deal.
Highly doubt the deal will hold, Iran just wants the moola and then will start their bs again.
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it's not a show but word strategy to bring oil prices down.as us government has shorted pil.
Sunday, 14 June 2026 10:09 PM [ Last Update: Sunday, 14 June 2026 10:11 PM ] Iran’s Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi. Iran’s Deputy Foreign Minister for Legal and International Affairs has announced that the memorandum of understanding (MoU) between Iran and the United States has been finalized and will be officially signed on Friday in Switzerland, while also declaring the immediate end of the US naval blockade and the permanent cessation of war on all fronts.
Thanks for posting since Baha is selectively withholding (wonder why?)
deal reached. deal not reached. Trump has been doing this for the 30th time already lol
Iran attacked commercial vessels attempting to transit the Strait of Hormuz tonight. But but Trump deal...
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another day, another Trunp "deal" lie . this time to pump SpaceX IPO
Baha , you have such a predictable coping mechanism. It's almost like your favourite President forced you to trade oil like your life depended on it and lives rent free in your head. No wonder people with this mindset can't objectively assess or analyze properly.
wha apppon?
A bit late to the party Dirk
The U.S. military will attack Iran “VERY HARD TONIGHT,” and will soon take over the country’s “oil infrastructure points,” including taking Kharg Island, President Donald Trump said Thursday morning.
Trump says U.S. will seize Iran’s Kharg Island and other ‘oil infrastructure points
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STRAIT OF HORMUZ CLOSED again
U.S. FORCES LAUNCHED ADDITIONAL STRIKES ON IRAN TODAY
TRUMPS SAYS HE IS CLOSE TO ORDERING NEW STRIKES, TEHRAN TAKING TOO LONG TO MAKE A DEAL -FOX NEWS
A U.S. official tells Fox News the airstrikes are "ongoing" Targets include Iranian air defenses and radar installations
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US military launches strikes against Iran in response to helicopter downing
IRAN'S STATE MEDIA SAYS QESHM WAS ATTACKED
JUST IN: 🇺🇸🇮🇷 US fighter jet strikes oil tanker heading to Iran, violating blockade. Indian crew members were airlifted after the ship caught fire.
ISRAEL REJECTS IRAN’S WARNING NOT TO HIT LEBANON: KATZ
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War paused by iran and Israel for now
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