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Crude Oil Jun 27 (CLM27.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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65.70+0.29 (+0.44%)
As of 09:14AM EST. Market open.
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Pre. SettlementN/A
Settlement date2027-05-20
Open65.70
Bid64.45
Last price65.41
Day's range65.70 - 65.70
Volume1
Ask65.60
  • Yahoo Finance Video

    OPEC+ extends output cuts in effort to prop up prices

    OPEC+ members have opted to extend their voluntary oil production cuts through the end of June in a bid to prop up prices (CL=F, BZ=F). It was a move that was widely expected by traders. Yahoo Finance's Ines Ferré explains the extension in the video above.  For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich

  • Yahoo Finance Video

    Oil prices: What to glean from OPEC+ output cuts, US supply

    Crude oil (CL=F, BZ=F) prices are on the trajectory to move higher — after two straight months of gains — as OPEC+ decided to extend its production cuts to mid-year 2024. Truist Securities Managing Director Neal Dingmann joins Yahoo Finance to talk about what these cuts and the United States' own domestic supply mean for oil prices going forward. "It does create a floor. I think [that] you take this, couple this with very, very limited domestic supply. I think that's what surprised folks last year when the US supply grew over a million barrels," Dingmann says. "This year I would be surprised if it grows over 300,000 to 400,000 barrels. So, I think when you couple those two with rising demand, which appears we're likely going to have, I would be surprised if we end the year anything less than $90s." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

  • Yahoo Finance Video

    Oil prices: The impact of domestic and foreign tensions

    Crude Oil (BZ=F, CL=F) has hit $80 a barrel for the first time since November, with February marking the second consecutive month of gains for oil prices. The higher prices come as reports suggest OPEC may extend production cuts. PIMCO Portfolio Manager Greg Sharenow joins Yahoo Finance to discuss OPEC's tightening of the market against a backdrop of Middle East tension. Domestic concerns such as the election of Donald Trump may also impact the broader oil market, Sharenow adds: "I think it's less impact on US markets and more geopolitical consideration. If Trump is elected, then stepping away from support for Ukraine...Over the course of the last few months, Ukraine has successfully attacked several Russian energy assets. Would they ultimately end up doing more?... Similarly, I would expect more aggressive sanctioning policy and more pressure applied to Iran." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino