Conflicting Reports of a OPEC+ Delay, Saudi Arabia Hosts Ukraine Ceasefire Talks and a Major Pipeline is Attacked

Jim RinaudoGeneral Commentary

The April WTI (CLJ25) trading session settled at 71.83 (+1.12) [+1.58%], a high of 72.04, a low of 70.12. Cash price is at 70.70 (-0.61), while open interest for CLJ25 is at 289,460. CLJ25 settled above its 5 day (71.59), below its 20 day (72.29), above its 50 day (71.55), above its 100 day (70.29), above its 200 day (71.49) …

Ukraine Peace Talks Pressure Crude Oil, Israel-Hamas Ceasefire Holds, President Trump Announces “Reciprocal Tariffs”

Jim RinaudoGeneral Commentary

The April WTI (CLJ25) trading session settled at 71.14 (-0.10) [-0.14%], a high of 71.46, a low of 70.16. Cash price is at 71.37 (-1.95), while open interest for CLJ25 is at 257,011. CLJ25 settled below its 5 day (71.66), below its 20 day (72.80), below its 50 day (71.44), above its 100 day (70.24), below its 200 day (71.52) …

Crude Oil Sinks After Third Consecutive Week of Inventory Builds

Jim RinaudoGeneral Commentary

The April WTI (CLJ25) trading session settled at 71.24 (-1.84) [-2.52%], a high of 73.00, a low of 71.03. Cash price is at 73.32 (+0.94), while open interest for CLJ25 is at 239,574. CLJ25 settled below its 5 day (71.46), below its 20 day (73.09), below its 50 day (71.36), above its 100 day (70.22), below its 200 day (71.55) …

Crude Oil Settles Lower For Third Consecutive Week

Jim RinaudoGeneral Commentary

The March WTI (CLH25) trading session settled at 71.00 (+0.39) [+0.55%], a high of 71.41, a low of 70.47. Cash price is at 70.62 (-0.43), while open interest for CLH25 is at 266,938. CLH25 settled below its 5 day (71.70), below its 20 day (74.36), below its 50 day (71.60), above its 100 day (70.45), below its 200 day (71.98) …

U.S. Oil Inventories Post Largest Weekly Build of 2025

Jim RinaudoGeneral Commentary

The March WTI (CLH25) trading session settled at 71.03 (-1.67) [-2.30%], a high of 72.97, a low of 70.96. Cash price is at 72.70 (-0.47), while open interest for CLH25 is at 276,301. CLH25 settled below its 5 day (72.46), below its 20 day (74.58), below its 50 day (71.54), above its 100 day (70.38), below its 200 day (72.03) …

China Places 10% Levy On U.S. Crude, Trump Reapplies “Maximum Pressure” On Iran, API Inventory Build Exceeds Forecast

Jim RinaudoGeneral Commentary

The March WTI (CLH25) trading session settled at 72.70 (-0.46) [-0.63%], a high of 73.35, a low of 70.67. Cash price is at 73.17 (+0.68), while open interest for CLH25 is at 292,177. CLH25 settled below its 5 day (72.73), below its 20 day (74.70), above its 50 day (71.51), above its 100 day (70.33), above its 200 day (72.05) …

U.S. Delay’s Mexico’s and Canada’s Tariffs Until March, White House Says Trump To Talk With China’s Xi Within 24 Hours – WTI Crude Oil

Jim RinaudoGeneral Commentary

The March WTI (CLH25) trading session settled at 73.16 (+0.63) [+0.87%], a high of 74.70, a low of 72.05. Cash price is at 72.49 (-0.26), while open interest for CLH25 is at 306,594. CLH25 settled above its 5 day (72.84), below its 20 day (74.68), above its 50 day (71.41), above its 100 day (70.25), above its 200 day (72.07) …