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WTI crude oil settles at $92.16 per barrel

Created at 1 Jun · 6:37 PM5 sources↑ Market-relevant4 events
IN SHORT

WTI crude oil futures settled at $92.16 per barrel, marking a 5.49% increase driven by renewed uncertainty in peace talks. This surge revived inflationary concerns and market volatility, despite speculators exiting net long positions since late March.

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Key Numbers

$92.16/bblWTI crude oil July futures settlement price
+$4.80WTI crude oil July futures price increase
+5.49%WTI crude oil July futures percentage increase
$3.1790/MMBTUNatural Gas July futures settlement price
$3.6394/galGasoline July futures settlement price
$3.6394/galDiesel July futures settlement price

Who's Involved

Todd Colvin
Breaks down recent rally in WTI Crude Oil futures
NYMEX
Exchange where WTI crude oil, Natural Gas, Gasoline, and Diesel futures contracts are traded
WTI crude oil settles at $92.16 per barrel

↳ Why This Matters

The settlement price for West Texas Intermediate (WTI) crude oil provides a key benchmark for global oil markets. Fluctuations in WTI prices can impact energy costs, inflation, and the profitability of oil producers and related industries. The prices of related energy products like natural gas, gasoline, and diesel are also closely watched indicators of broader energy market trends.

Key facts

  • WTI crude oil July futures settled at $92.16 per barrel.
  • WTI futures increased by $4.80, or 5.49%.
  • The rally was driven by renewed uncertainty in peace and ceasefire talks.
  • The price surge revived inflationary concerns and market volatility.
  • Speculators have been exiting net long positions since late March.

The settlement price for West Texas Intermediate (WTI) crude oil provides a key benchmark for global oil markets. Fluctuations in WTI prices can impact energy costs, inflation, and the profitability of oil producers and related industries. The prices of related energy products like natural gas, gasoline, and diesel are also closely watched indicators of broader energy market trends.

Frequently asked questions

WTI stands for West Texas Intermediate, a specific grade of crude oil used as a benchmark in the oil industry. It is known for its relatively low sulfur content and high API gravity.

'Settled at' refers to the closing price of a futures contract at the end of a trading day. This price is used to determine the day's gains or losses.

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Cadence
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How It Developed

1 Jun · 9:37 PM
WTI crude oil futures surged above $90 to $92.16 due to renewed uncertainty in peace talks, reversing Friday's lows.
CME GROUP | Youtube Channel via PiQSuite
1 Jun · 6:35 PM
NYMEX WTI crude July futures rose 5.49% to settle at $92.16/bbl, up $4.80.
@garcapital via PiQSuite
1 Jun · 6:31 PM
WTI settled at USD 92.16 per barrel.
@staunovo via PiQSuite

Sources

T1
WTI settled at USD 92.16/bbl #OOTT@staunovo via PiQSuite
T1
- NYMEX WTI crude July futures close at $92.16/bbl, +$4.80, +5.49% - NYMEX Natural Gas July futures at $3.1790/MMBTU - NYMEX Gasoline July futures at $3.0847/gal - NYMEX Diesel July futures at $3.6394/gal@garcapital via PiQSuite
T1
WTI Crude Oil futures surged back above $90 on peace talk shifts. 6/1/26m.piqsuite.com
T1
WTI Crude Oil futures surged back above $90 on peace talk shifts.m.piqsuite.com
T1
RT @capitalcom: Oil near $93 highs. Multiple drivers. Almost none of them pointing the same direction. WTI pulled back from its highs but…@PiQSuite via PiQSuite

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