https://cowlpane.com/tags/commodities/ Recent content in Commodities on Cowlpane Hugo en-us Fri, 08 May 2026 18:43:18 +0000 https://cowlpane.com/trading/wti-crude-oil-settles-up-61-cents-to-9542-per-barrel/ Fri, 08 May 2026 18:43:18 +0000 https://cowlpane.com/trading/wti-crude-oil-settles-up-61-cents-to-9542-per-barrel/ <p><em>Originally published by <a href="https://investinglive.com/commodities/wti-crude-oil-settles-up-61-cents-to-9542-per-barrel-20260508/">ForexLive</a></em></p> <hr> <p>WTI crude oil finished modestly higher today despite the ongoing exchange of fire between Iran and the USA. The market is waiting for the next steps in negotiations and whether both sides are able to open the Strait of Hormuz while they negotiate details of any lasting peace.</p> <p>What I will notice is that long-dated oil prices are rising and converging towards short-dated prices. December WTI was up $1.50 today to $79.85 and I think it&rsquo;s more indicative of the market&rsquo;s broader view of oil prices.</p>