CLG25.NYM - Crude Oil Feb 25

NY Mercantile - NY Mercantile Delayed price. Currency in USD
+2.72 (+4.24%)
As of 01:11PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2025-01-21
Last price64.08
Day's range66.80 - 66.80
  • Motley Fool

    Texas Oil is Now Part of the Brent Oil Benchmark

    Brent crude, the world's most traded oil benchmark, has picked up a Texas twang. Starting today, a particular type of US oil will factor into...


    U.S. crude stocks up 5.2M barrels last week - API

    U.S. crude stockpiles likely rose last week along with inventories of fuel, petroleum industry group API indicated in a report Wednesday that bucked expectations for falls in both as oil bulls bet on higher energy demand with the advent of summer road, air and seaborne travel. The U.S. crude inventory balance rose by 5.202 million barrels during the week ended May 26, according to the API, or American Petroleum Institute. The petroleum industry group reported a crude draw of 6.799M barrels in the prior week to May 19.

  • Financial Times

    Indonesia and Malaysia freeze trade talks with EU over palm oil

    Indonesia and Malaysia have said they will delay trade talks with the EU while they seek fairer treatment for small palm oil producers hit by the bloc’s “punitive” new rules to prevent deforestation. Dato’ Sri Haji Fadillah bin Haji Yusof, deputy prime minister of Malaysia, told the Financial Times during a visit to Brussels on Wednesday that the EU’s recently adopted law banning the import of products that come from land cleared of forests, was “punitive and unfair treatment towards us and to smallholders in particular”. Indonesia, which has been negotiating with the EU over a free trade agreement for seven years, said it would not progress those talks until more leniency was given to palm oil producers under the new EU rules.


    Oil hits 4-week low on Chinese manufacturing slide, dollar spike

    Oil prices hit four-week lows on Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the year. The dollar’s surge on expectations that the Federal Reserve will raise interest rates again in June added to the weight on crude futures that are priced in the U.S. currency. New York-traded West Texas Intermediate, or WTI, crude settled down $1.37, or 2%, at $68.09 per barrel.

  • Zacks

    Time for Inverse Energy ETFs?

    With oil witnessing its largest decline in four weeks and weaker demand indicators appearing on the horizon, is now the moment to consider investing in inverse energy ETFs?

  • Zacks

    Oil & Gas Stock Roundup: ConocoPhillips' Acquisition, Shell's AGM & More

    Apart from ConocoPhillips (COP) and Shell (SHEL), TechnipFMC (FTI), Eni (E) and Petrobras (PBR) hogged attention during the week.


    Crude oil slumps on demand concerns after weak Chinese data

    Oil prices fell sharply Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the year. Activity data released earlier Wednesday showed that China’s manufacturing sector, an important regional growth driver, shrank for a second straight month in May. Oil is down over 16% this year as China’s lackluster economic recovery and tighter monetary policy from the Federal Reserve weighed on the demand outlook.

  • Yahoo Finance UK

    Wall Street and FTSE 100 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.

  • Bloomberg

    World’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 BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter 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 H


    Oil dips further after sharp losses as weak Chinese data weighs -- 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.

  • Yahoo Finance Video

    Oil 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.


    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.


    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.

  • Bloomberg

    Europe’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

  • Bloomberg

    Namibia 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


    Oil reverses course as economic uncertainty offsets debt deal optimism -- 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.


    Oil prices edge lower as debt limit deal optimism tempered by Fed rate concerns -- 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.

  • Bloomberg

    It’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


    Oil rises on tentative U.S. debt deal; China, Fed in focus -- 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 Fool

    3 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).


    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...


    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.”