CLF24.NYM - Crude Oil Jan 24
| Pre. Settlement | N/A |
| Settlement date | 2023-12-19 |
| Open | 68.25 |
| Bid | 67.16 |
| Last price | 68.31 |
| Day's range | 67.10 - 68.34 |
| Volume | |
| Ask | 67.12 |
Yahoo Finance VideoOil slides on OPEC+ concerns, debt ceiling drama
The Schork Group Principal Stephen Schork joins Yahoo Finance Live to discuss oil prices amid the debt ceiling debate, China's Covid crisis, and OPEC+ uncertainty.
Yahoo Finance UKFTSE 100 and European stocks open lower ahead of key vote on US debt bill
Investors are anticipating the outcome of US debt vote and digesting the latest economic data from China.
BloombergOil Holds Deep Slump on Weak Demand Signals Ahead of OPEC+ Meet
(Bloomberg) -- Oil held its biggest decline in four weeks on signs of weaker demand and sufficient supply ahead of an upcoming OPEC+ meeting.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World’s Richest Families in Wealth BetMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatWest Te
BloombergWorld’s Top Coal Miner Hikes Prices as Wage Bill Surges
(Bloomberg) -- Coal India Ltd., the world’s biggest miner of the fuel, raised prices for the first time in five years to offset an increase to its $5 billion wage bill.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysPutin Orders Tighter Defenses After Drone Strikes on MoscowJPMorgan Builds Unit for World’s Richest Families in Wealth BetMcCarthy Confident on Debt Vote Despite Har
- Investing.com
Oil dips further after sharp losses as weak Chinese data weighs
Investing.com -- Oil prices edged lower in Asian trade on Wednesday, retaining steep declines from the prior session as markets awaited a vote on the U.S. debt ceiling, while disappointing economic data from China brewed more concerns over sluggish demand.
- Investing.com
Oil tumbles 4% on worries over what Fed will do and OPEC might not
As anxiety-inducing as the drama over the U.S. debt ceiling was, it has faded from oil traders’ radar with the tentative deal reached between the White House and rival Republicans, leaving the market to agonize over two other things: Fed action over rates and OPEC’s decision on output. Crude prices tumbled 4% on Tuesday amid mounting speculation that the Federal Reserve will raise rates for an eleventh time in 16 months when its policy-makers meet on June 14. The biggest signal for the central bank’s action will be in U.S. jobs data for May, due on Friday, that could show higher-than-expected payrolls growth that forces the Fed against pausing on rates.
Simply Wall St.Imperial Petroleum (NASDAQ:IMPP) Is Doing The Right Things To Multiply Its Share Price
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
- Financial Times
Opinion: Time is up for Big Oil’s business model
The oil supermajors’ proxy season culminates with ExxonMobil’s and Chevron’s annual meetings tomorrow. Today we carry a candid op-ed from Mark van Baal, head of Follow This, a small activist shareholder which tabled some of the recent climate resolutions. Van Baal argues that institutional investors need to get serious about their own commitment to the Paris Agreement climate targets again.
- Investing.com
Crude oil lower; Fed rate hike fears prompt selling
Oil prices slumped Tuesday as concerns about future economic growth, particularly in the U.S., the largest consumer of crude in the world, overshadowed relief over the signing of a deal to lift the U.S. debt ceiling. U.S. President Joe Biden and Republican House Speaker Kevin McCarthy announced an agreement over the weekend after weeks of fraught negotiations over raising the $31.4 trillion debt ceiling. The deal would raise the debt ceiling for two years, effectively pushing the normally fraught negotiations beyond the 2024 presidential election, and cap some government expenditures.
BloombergEurope’s Unwanted Coal Heads to China and India as Heat Builds
(Bloomberg) -- Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer.Most Read from BloombergPutin Orders Tighter Air Defenses After Drone Strikes on MoscowWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTaiwan Rushes to Prevent China From Cutting Internet, PhonesS&P 500 Gains Wane After AI-Fueled Rally in Stocks: Markets WrapNvidia Surpasses $1 Trillion Market Valuation in Massive A
BloombergNamibia Considers Taking Stakes in Mining and Petroleum Companies
(Bloomberg) -- Namibia is considering taking minority stakes in mining and petroleum production companies amid increasing concerns over local ownership of valuable resources.Most Read from BloombergPutin Orders Tighter Air Defenses After Drone Strikes on MoscowWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTaiwan Rushes to Prevent China From Cutting Internet, PhonesS&P 500 Gains Wane After AI-Fueled Rally in Stocks: Markets WrapNvidia Surpasses $1 Trillion Market Valuation
- Investing.com
Oil reverses course as economic uncertainty offsets debt deal optimism
Investing.com -- Oil prices reversed early gains to trade lower on Tuesday as fears of more interest rate hikes by the Federal Reserve and slowing economic growth largely offset optimism over raising the U.S. debt ceiling.
- Investing.com
Oil prices edge lower as debt limit deal optimism tempered by Fed rate concerns
Investing.com -- Oil prices dropped on Monday, paring back earlier gains, as optimism over the debt ceiling agreement was tempered by renewed expectations that the Federal Reserve will carry on with its long-running campaign of interest rate hikes.
BloombergIt’s Not a Good Time to Be a Steel Mill or Coal Mine in China
(Bloomberg) -- China’s raw materials producers are at the forefront of falling industrial profits as poor demand and price deflation tear into margins at steel mills, metals smelters, chemicals firms and coal miners.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap
- Investing.com
Oil rises on tentative U.S. debt deal; China, Fed in focus
Investing.com -- Oil prices rose in Asian trade on Monday as U.S. lawmakers said they had reached a provisional agreement to raise the debt ceiling, with focus now turning to key Chinese data this week for cues on the world’s largest oil importer.
Motley Fool3 Oil Stocks You Can Buy Right Now Before They Surge Even Higher
Oil prices cratered during the early days of the pandemic, taking oil stocks with them. Crude prices and oil stocks have cooled off over the past several months on macroeconomic concerns. Three that stand out are Devon Energy (NYSE: DVN), Occidental Petroleum (NYSE: OXY), and Marathon Oil (NYSE: MRO).
- Investing.com
Oil in 2nd weekly gain amid inflation bruise, ‘misquote’ on Russia
On the other, it’s whether a stay or another cut is coming. New York-traded West Texas Intermediate, or WTI, crude settled Friday’s trade up 84 cents, or 1.2%, at $72.67 per barrel. London-traded Brent crude, the global benchmark for oil, settled up 69 cents, or 0.9%, at $76.95.
Simply Wall St.Tethys Petroleum Limited (CVE:TPL) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
With its stock down 10% over the past three months, it is easy to disregard Tethys Petroleum (CVE:TPL). However, a...
- Investing.com
Crude oil higher; U.S. demand stays healthy ahead of OPEC meeting
Oil prices rose Friday, heading towards their second consecutive week of gains on signs of tightening U.S. supply and improving fuel demand in the world’s largest oil consumer. Both benchmarks are on course for gains of close to 2% this week on expectations of tighter U.S. supplies as the travel-heavy summer season approaches, boosted by an unexpected, hefty fall in U.S. crude oil inventories last week. U.S. commercial crude oil inventories fell by 12.5 million barrels a day, the largest weekly decline since November, while ING noted that “the 4-week average for implied gasoline demand remains just above 9MMbbls/d, which is the highest post-COVID level seen for this time of year.”
- Investing.com
Oil creeps lower ahead of more cues on OPEC, debt ceiling talks
Investing.com-- Oil prices retreated in Asian trade on Friday, extending a sharp drop from the prior session as traders awaited more clarity on the OPEC’s plans for future production cuts, while concerns over the U.S. debt ceiling kept markets on edge.
BloombergColombia Studies Need for New Oil and Gas Exploration as Reserves Dwindle, Minister Says
(Bloomberg) -- Colombia is studying the need for more exploration contracts after a report showed oil and gas reserves dropping, according to a senior minister. Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Employees They'll Lose Their Job
Yahoo Finance VideoGas prices: Memorial Day weekend 'a dress rehearsal' for summer travel
OPIS Global Head of Energy Analysis Tom Kloza joins Yahoo Finance Live to discuss gas prices, the upcoming summer travel season, and the impact of debt ceiling negotiations on the energy market.
- Investing.com
Oil down 3% on “no new OPEC cut”; Russians speak for Saudis
The Russians aren’t helping the price of oil — to the delight possibly of the West and the utter frustration likely of other producers within the OPEC+ alliance, not to mention market bulls. Crude prices tumbled some 3% Thursday after Russian Deputy Prime Minister Alexander Novak, who is also the nation’s de facto oil minister, said he expected no new steps from OPEC+ at its meeting on June 4. Given that Saudi Energy Minister Abdulaziz bin Salman had hinted just 24 hours earlier of the possibility of another round of production cuts at the meeting, Novak’s remarks meant only one thing — that the alliance will keep output unchanged.
ZacksMarathon Petroleum's (MPC) Fire Incident Raises Safety Concerns
A fire incident at Marathon Petroleum's (MPC) Galveston Bay refinery leads to a worker's death, raising concerns regarding safety within the facility.
ZacksOil Prices Jump as U.S. Supplies Post a Big Weekly Decline
Some oil-related stocks that could benefit in the current environment include NOW Inc. (DNOW), Murphy USA (MUSA) and Dril-Quip (DRQ).