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Crude Oil Feb 24 (CLG24.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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67.59-0.53 (-0.78%)
As of 03:49PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2024-01-22
Last price68.12
Day's range67.59 - 69.32

    Oil snaps 3-day rally as bulls dismayed OPEC+ may ‘stay’

    Half-truths or subtle threats, OPEC+ has combined both cunningly to keep crude prices up for the better half of the last two years. Crude markets snapped a three-day rally to tumble as much as 2% on Thursday on talk that oil longs were dismayed that OPEC+ might not announce a wider production cut after this week’s 15-month low in prices. “There is too much pessimism in the oil market right now,” said Ed Moya, analyst at online trading platform OANDA.


    WoodMac: Oil Prices Could Surprise To The Upside With China’s Reopening

    China has a history of under-promising and over-delivering on economic growth, a trend that means there is plenty of upside for oil prices.


    Crude oil lower on growth concerns, rising U.S. inventories

    Oil prices retreated Thursday, snapping a three-day rally, after a surprise rise in U.S. crude stockpiles and with the Federal Reserve highlighting global growth concerns. By 09:15 ET (13:15 GMT), U.S. crude futures traded 0.2% lower at $70.77 a barrel, while the Brent contract fell 0.2% to $76.57 a barrel. The Fed hiked interest rates as expected on Wednesday, but downgraded its GDP outlook for the year, expecting the U.S. economy to grow 0.4% this year, down from previous expectations of 0.5%.