Crude Oil (CL) Price Live

James Hyerczyk

1 hour ago

Anything less than a coordinated production cut involving Saudi Arabia, Russia and the United States is going to be disappointing to the market.

Christopher Lewis

19 hours ago

The crude oil markets went back and forth during the trading session on Monday as traders still trying to determine whether or not there is going to be some type of production cut agreement between the various members of OPEC.

Vladimir Zernov

20 hours ago

Oil loses ground as Russia, Saudi Arabia and other oil producers need more time to negotiate an oil production cut deal.

James Hyerczyk

Apr 06, 2020

Based on the early price action and the current price at $27.18, the direction of the May WTI crude oil market the rest of the session on Monday is likely to be determined by trader reaction to the downtrending Gann angle at $27.70 and the 50% level at $27.99.

James Hyerczyk

Apr 06, 2020

The major issue here is with demand. Reducing supply will certainly help prices, but probably not enough to fill the price gaps from early March.