CLM30.NYM - Crude Oil Jun 30
| Pre. Settlement | N/A |
| Settlement date | 2030-05-21 |
| Open | 60.00 |
| Bid | 0.00 |
| Last price | 54.64 |
| Day's range | 60.00 - 60.00 |
| Volume | |
| Ask | 65.00 |
Yahoo Finance'Talk of $100 oil is pie in the sky,' says strategist
Oil is back down again on Tuesday, despite Saudi Arabia's recent production cut announcement. The problem is demand, say strategists.
ZacksOil Prices May Have Found a Floor: 3 Top-Ranked Oil and Gas Stocks for the Next Rally
Significant underinvestment into oil and gas infrastructure over the last ten years has created a structural shortage in new supply
- Investing.com
U.S. crude stocks down, fuel inventories surge in Memorial Day run - API
U.S. crude stockpiles likely rose last week, while inventories of fuel surged, petroleum industry group API indicated in a report Tuesday that delivered a mixed outcome for oil bulls betting on higher oil demand with the advent of summer travel. In the prior week to May 26, the petroleum industry group reported a crude build of 5.202M barrels. Notwithstanding the overall crude draw, the API cited an inventory growth of 1.535M barrels specifically at the Cushing, Oklahoma hub that takes delivery of U.S. crude.
BloombergTeck Receives Interest in Coal Business as Glencore Circles
(Bloomberg) -- Teck Resources Ltd. received several proposals for deals involving its coal operations, as the Canadian miner works to draw up a new plan for splitting off the business while rejecting a bid from Glencore Plc.Most Read from BloombergPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbas
- Investing.com
Oil steadies as EIA calls Brent at just under $80
New York-traded West Texas Intermediate, or WTI, crude settled at $71.74 a barrel after erasing all of the 41 cents, or 0.6%, gained on Monday. London-traded Brent crude settled at $76.29. Brent hit a session low of $74.73 on Tuesday.
- Investing.com
Oil: Saudi maneuver itself won’t bring $80-$90 a barrel - Citi
Investing.com -- Saudi Arabia’s 1-million-barrels-per-day oil cut that will reduce its output by 20% in total in July won’t by itself bring a barrel to between $80 and $90, Citigroup’s analysts said in an energy note issued Tuesday.
- Financial Times
‘Prickly prince’ bets on a crude price rally
Saudi efforts to shock-and-awe the oil market with a big surprise supply cut over the weekend look more like shock-and-yawn a couple of days later. Crude prices held largely steady despite another Saudi pledge to slash output, with Brent settling on Monday at $76.71 a barrel, up less than 1 per cent. It is the third cut from the Saudis since October as they try to propel a crude price rally in the second half of this year.
- Investing.com
Crude oil lower; global growth concerns outweigh Saudi news
Oil prices fell Tuesday as concerns over the global economic outlook overshadowed the impact of Saudi Arabia’s surprise announcement of additional production cuts. Both benchmarks soared as much as 3% on Monday after Saudi Arabia, the world's top exporter, said at the weekend its output would drop by one million barrels per day in July in an attempt to boost crude prices. Saudi Arabia followed up Tuesday by increasing its export prices for all regions for July, selling its Arab Light crude for buyers in the crucial Asian region at a $3 a barrel premium, an increase of around 45 cents a barrel compared with June.
Yahoo Finance UKWall Street and FTSE stocks down on interest rate uncertainty
A major dam at a hydro-electric power plant on the Dnipro river in the southern Kherson region of Ukraine has been blown up. Ukraine's military has accused Russian forces for the attack on the Nova Kakhovka.
- Investing.com
Oil edges lower as OPEC-driven rally fizzles out
Investing.com -- Oil prices crept lower in Asian trade on Tuesday as initial optimism over more supply cuts by Saudi Arabia and the OPEC was largely offset by persistent concerns over slowing economic growth and weakening demand.
Yahoo Finance VideoApple's headset revealed, SEC sues Binance, oil production cut: Top stories
Apple unveiling its Vision Pro mixed reality headset, the SEC suing crypto giant Binance, and Saudi Arabia pledging to cut production by one million barrels a day- these are just some of the top headlines the Yahoo Finance Live team is watching.
Yahoo FinanceStocks fall, oil barely budges after Saudi production cut: Stock market news today
US stocks fell Monday as investors digested weaker-than-expected economic data ahead of next week's Federal Reserve meeting. Strong jobs numbers and passage of the US debt ceiling bill sent major indexes higher last week.
- Oilprice.com
Oil Majors Keen On Libya’s Untapped Potential
Libya is revamping its oil and gas sector through a new strategic plan to boost production, attract foreign investment, and meet international standards.
- Investing.com
Oil jumps on big OPEC show, then sputters to meek finish
Analysts at Goldman Sachs itself said the output deal was "moderately bullish" for oil markets and could boost December 2023 Brent prices by between $1 and $6 a barrel depending on how long Saudi Arabia maintains output at 9M barrels daily.
Yahoo Finance VideoSaudi Arabia oil production cuts could be a 'slow gathering storm' for supply
Saudi Arabia announced that it is cutting oil output by 1 million barrels per day starting in July. Vanda Insights Founder Vandana Hari discusses how this cut will impact oil prices moving forward.
ZacksPetrobras (PBR) to Boost Oil Production in Buzios Field
Petrobras (PBR) commences production on the FPSO Almirante Barroso platform in Brazil's Buzios field, which has the capacity to produce up to 150,000 barrels of oil and 6 million cubic meters of gas per day.
Yahoo Finance VideoOil prices rise after Saudi Arabia pledges production cut: How it will impact inflation
Oil prices are on the rise after a pledge from Saudi Arabia to cut production into 2024. Ben Laidler, eToro Global Markets Strategist and Tom Essaye, Sevens Report Research Founder and President discuss the impact of this decision upon the global energy market.
Yahoo Finance VideoOil prices, S&P nears bull market, Apple WWDC: Monday's top stories
Today's top stories: Saudi Arabia is pledging to cut production, sending oil prices higher. Meanwhile, the S&P 500 is nearing a bull market, but Morgan Stanley analysts say in a new note that they expect to see S&P 500 earnings to fall by 16 percent. Finally, Apple is expected to reveal a new product, a mixed reality headset, at its annual WWDC.
ZacksSaudi Pledges Extra Oil Output Cuts: 4 Sector ETFs to Win
In a surprise move, Saudi Arabia pledges to reduce its oil output further by a million barrels a day, causing a noticeable uptick in global oil prices.
BloombergTrudeau Is Betting $9 Billion on a Plan to Clean Up the World’s Dirtiest Oil
(Bloomberg) -- Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtiest crudes into one of the cleanest. But it’s relying on a technology with a checkered track record to prolong the life of a business critics say belongs in the history books.The tar that infuses the sands in Canada’s remote northwest is so sticky the region’s indigenous people traditionally used it to waterproof their canoes. It wasn’t much use for anything else unti
Yahoo Finance UKOil prices continue rally after top crude exporter cuts output
Saudi Arabia said it will reduce production by 1 million barrels per day from July, prompting oil prices to jump.
- Investing.com
U.S. oil stocks pare back early gains amid Saudi output cut pledge
Investing.com -- U.S. oil stocks pared back early gains in choppy trading on Monday as these companies were boosted by a jump in oil prices following an announcement from Saudi Arabia that it plans to cut production from next month.
- Investing.com
Crude oil soars; Saudi production cut boosts sentiment
Oil prices soared Monday after Saudi Arabia, the world’s largest exporter, pledged over the weekend to cut production by a further million barrels per day from July in an attempt to support a market hit by macroeconomic headwinds. Saudi Arabia, the de facto leader of the group of top producers known as OPEC+, announced on Sunday that the kingdom's output would drop to 9 million barrels a day in July from around 10 million barrels a day in May, the country’s biggest cut in years. This voluntary cut comes on top of the ongoing deal by the Organization of the Petroleum Exporting Countries and allies, including Russia, to limit supply into 2024.
Yahoo Finance UKWall Street and FTSE mixed as oil prices rise on Saudi supply cut
Oil prices were higher after Saudi Arabia said it will reduce how much crude it sends to the global economy in a bid to prop up prices.
BloombergSaudi Shoulders Burden to Support Oil Market With Extra Cuts
(Bloomberg) -- Saudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest level for several years after a slide in crude prices.Most Read from BloombergMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyOil Trims Gains As Traders Wait for OPEC+ Cuts to MaterializeUS F-16 Triggers Sonic Boom Pursuing Cessna That CrashedOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutBiden Debt-Bill Signing Set to Unleash Tsunami of US Debt
