Crude Oil Jun 27 (CLM27.NYM)
| Pre. Settlement | N/A |
| Settlement date | 2027-05-20 |
| Open | 68.00 |
| Bid | 67.47 |
| Last price | 67.98 |
| Day's range | 67.52 - 68.00 |
| Volume | |
| Ask | 67.49 |
- Yahoo Finance Video
Oil prices topping $80 is 'a distinct possibility': Economist
Oil markets (CL=F, BZ=F) are on edge as Middle East tensions escalate following Iran's airstrike on Israel Tuesday. Rystad Energy Chief Economist Claudio Galimberti joins Morning Brief to analyze the potential impact on oil prices. Galimberti says oil surpassing the $80 threshold is "a distinct possibility" amid rising regional tensions. He explains that oil prices are also influenced by the significant spare production capacity in the Middle East. Following an extended period of production cuts, the region now maintains substantial output levels. Any war-related disruption to this production could cause oil prices to surge dramatically. The likelihood of direct conflict between Iran and Israel is "quite likely," according to Galimberti, and markets are beginning to factor this risk into prices, anticipating "a big supply disruption" in oil markets. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
September jobs data, port strike suspended, oil prices: 3 Things
It's a huge day on Wall Street. Here are three things investors need to know to start the trading day. Stocks (^DJI,^GSPC, ^IXIC) are set to soar at the open after the September employment report showed 254,000 jobs were added in the month. That's much higher than the 150,000 economists had been expecting. There was another sigh of relief after striking dockworkers agreed to return to work after reaching a tentative agreement with the United States Maritime Alliance. The workers have extended their current deal until January 15, 2025 to allow time for a final deal to be reached. Another thing investors are watching is oil prices (CL=F, BZ=F), which have soared about 9% this week on escalating Middle East tensions. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Yahoo Finance UKOil stocks to watch as Biden signals backing for Israel’s retaliatory attack on Iran
Oil is on track for its strongest week in more than a year.
