WTI Oil (CL) Price Today, Forecasts & News

WTI Oil
CL
Closed
80.095
+0.585 (+0.74%)
in:USD•As of: May 17, 2024 00:00 UTC
Prev. Close
79.51
High
80.237
Low
79.164

Stats

Prev. Close

79.51

High

80.237

Low

79.164

Ask

80.11

Bid

80.08

Spread

0.0300

Price Drivers

Positive

United States GDP Annual Growth Rate

Brent Oil

United States Interest Rate

Value:3.00%

Strong U.S. GDP Growth is bullish for WTI oil as demand for oil grows together with the economy.

Negative

EUR/USD

S&P Industrial Sector

Value:$1.08710

Weaker EUR/USD is bearish for WTI oil as WTI oil is quoted in U.S. dollars

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Economic CalendarAll Events

Time zone: GMT

Friday, May 17th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:15	USD	Fed Waller Speech	Medium
16:00	RUB	GDP Growth Rate YoY PrelQ1	Medium	5.4%	5.3%	4.9%
16:00	RUB	Inflation Rate YoYApr	Medium	7.8%	7.8%	7.7%
16:00	RUB	Inflation Rate MoMApr	Medium	0.5%	0.5%	0.4%

Saturday, May 18th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
21:45	USD	Fed Kugler Speech	Medium

Sunday, May 19th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
19:30	USD	Fed Chair Powell Speech	High

Monday, May 20th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
01:15	CNY	Loan Prime Rate 5YMay	Medium		3.95%	3.95%

Latest News

FXEmpire14 hours ago

Here’s Why The Booming AI Revolution Makes This Commodity A Compelling Buy

WTI Oil+0.74%

AMZN+0.58%

AAPL+0.05%

FXEmpire15 hours ago

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As China’s Industrial Production Exceeds Expectations

WTI Oil+0.74%

Brent Oil+0.60%

Natural Gas+5.35%

FXEmpire18 hours ago

Crude Oil Weekly Price Forecast – Crude Oil Continues to Consolidate

WTI Oil+0.74%

Brent Oil+0.60%

FXEmpire19 hours ago

Crude Oil Price Forecast – Crude Oil Continues to Do Nothing

WTI Oil+0.74%

Brent Oil+0.60%

FXEmpire23 hours ago

Crude Oil News Today: Set for Weekly Gain Amid Improving Global Demand

WTI Oil+0.74%

Brent Oil+0.60%

FXEmpireMay 17, 2024

Natural Gas and Oil Forecast: WTI and Brent Rise 0.10%; Upside Potential?

WTI Oil+0.74%

Brent Oil+0.60%

Natural Gas+5.35%

Read All

Commodities

WTI Oil

Positive

Negative

Here’s Why The Booming AI Revolution Makes This Commodity A Compelling Buy

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As China’s Industrial Production Exceeds Expectations

Crude Oil Weekly Price Forecast – Crude Oil Continues to Consolidate

Crude Oil Price Forecast – Crude Oil Continues to Do Nothing

Crude Oil News Today: Set for Weekly Gain Amid Improving Global Demand

Natural Gas and Oil Forecast: WTI and Brent Rise 0.10%; Upside Potential?

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