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Crude Oil Nov 23 (CL=F)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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92.19+0.48 (+0.52%)
As of 06:06AM EDT. Market open.
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  • Yahoo Finance Video

    Gas prices remaining 'higher for longer' and so could energy stocks

    Gas prices historically begin to dip after a demand drop-off tied to summer-time prices — this doesn't seem to be this year's case, unfortunately. Oil refining is "constrained" across the globe and isn't forecasted to pick back up until next year. CIBC Private Wealth Senior Equity Trader Rebecca Babin joins Yahoo Finance to discuss what this means for consumers and how energy stocks, like Exxon Mobil (XOM) have remained robust. "Higher for longer, unfortunately — the way we talk about interest rates — is around in gasoline," Babin explains the long-term effects of low refining outputs. "I don't think we go skyrocketing to $5, but I also don't think we see a huge pullback — maybe we get a modest moderation." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Yahoo Finance Video

    Does energy have a 'silver-lining' as tech sector enters correction?

    Shares of semiconductor company Micron Technology (MU) slide in pre-market trading, contributing to the ongoing sell-off in tech stocks that has now brought the S&P 500 technology sector into official correction territory. Investors were disappointed in Micron's fourth-quarter earnings reported yesterday after the close despite beating revenue estimates and narrowing losses in adjusted earnings per share. While the technology sector faces challenges, Michael Arone, Chief Investment Strategist for State Street Global Advisors' U.S. SPDR Business, sees opportunities for investors in the energy sector amid rising oil prices, though it might not be beneficial to the consumer. "I don't think [oil] is a market catalyst — on one hand, I think it's great for energy companies, energy service companies, and the like, which is why we like it from an investment standpoint," Arone tells Yahoo Finance, adding the caveat: "I think that really has a negative impact on consumer spending potentially on businesses... I do think that that poses a challenge going forward for the economy For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Yahoo Finance Video

    Oil prices, Micron earnings, government shutdown: Morning Rundown

    Oil prices continue to rise, a cause for concern for Fed regulators who see energy prices as a key inflation driver. Despite Micron Technology's (MU) fourth-quarter earnings beat reported yesterday, investor sentiment remains mixed. Lastly, a government shutdown seems inevitable after House lawmakers rejected a federal budget proposal from the Senate. Yahoo Finance's Brian Sozzi and Brad Smith rundown this morning's top headlines live from the Nasdaq MarketSite. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.