Crude Oil Apr 25 (CLJ25.NYM)
| Pre. Settlement | N/A |
| Settlement date | 2025-03-20 |
| Open | 72.86 |
| Bid | 68.20 |
| Last price | 68.33 |
| Day's range | 72.86 - 73.18 |
| Volume | |
| Ask | 69.04 |
- Yahoo Finance Video
Lower oil prices will persist into 2024: Portfolio Manager
Crude oil (CL=F) dipped below $70 per barrel on Wednesday, weighed down by demand concerns. Tortoise Senior Portfolio Manager Rob Thummel believes negative demand sentiment is fueling oil prices to the downside. He expects prices to stay lower as shifts in the energy market finish playing out. Thummel outlines how evidence of declining global inventories due to OPEC+ production cuts and demand recovery will be needed to shift sentiment — all factors requiring time. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Putin to visit UAE, Saudi Arabia this week
Russian President Vladimir Putin travels to the Middle East this week, visiting the UAE and Saudi Arabia to discuss oil, trade, and geopolitical issues. The trip comes as Russia aims to strengthen ties with the oil-rich nations at a time of conflict in Ukraine and tensions with the West. Yahoo Finance's Senior Business Reporter Ines Ferre analyzes the implications of Putin's visit against the backdrop of volatile energy markets, while also providing insights into the current oil and energy price outlooks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
BloombergOil Languishes Near Five-Month Low After Plunging on Glut Fears
(Bloomberg) -- Oil held the bulk of a five-day run of losses that drove prices to the lowest since June on signs that global supplies are eclipsing demand despite plans by OPEC+ to rein in its production into 2024.Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapKevin McCarthy Leaving House Months After Ouster as SpeakerHarvard, Pe
