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Crude Oil Oct 24 (CLV24.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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78.82-0.40 (-0.50%)
As of 01:33PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2024-09-20
Last price79.22
Day's range78.82 - 80.20
  • Yahoo Finance Video

    Energy sector has potential for Q4 2023: Strategist

    The Federal Reserve's primary tool to gauge inflation core PCE indicated cooling inflation in the month of August. Investors are paying close attention to how the market is digesting the economic data today, looking to the energy sector in particular. LPL Financial Chief Technical Strategist Adam Turnquist joins Yahoo Finance to break down the energy sector's performance and how it ties back to August's PCE index. Turnquist attributes energy's overall performance — outperforming the S&P 500 (^GSPC) in recent months — to why his company upgraded the sector: "It trades relatively cheap to the market, so if you're looking for some value it has a dividend yield." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Yahoo Finance Video

    Could oil realistically reach $100 a barrel?

    Oil prices (CL=F, BZ=F) have surged to their highest levels in over a year, with analysts suggesting the potential for oil to reach $100 per barrel is coming soon. This price action follows extensive production cuts from both Saudi Arabia and Russia, occurring in lockstep with the U.S. presidential election coming in 2024. The Energy Word Founder Dan Dicker remains skeptical of oil's proposed heights, citing "technical headwinds" in the energy market. Dicker believes the market is overbought and due for a period of trading that will prevent oil from reaching that $100-per-barrel mark. "Fundamentally, oil is as strong as it was when I spoke to you in the height of the summertime when oil was $68 a barrel," Dicker tells Yahoo Finance, adding: "But now that it's approaching $92, $93, $94, it seems to be way ahead of itself in terms of the cycle and where it's supposed to be. I do see $100 oil coming, but it's way ahead of itself." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Bloomberg

    Oil Posts Strongest Quarter in More Than a Year Amid OPEC Cuts

    (Bloomberg) -- Oil posted its largest quarterly rally since the initial jolt from the war in Ukraine as lower Russian fuel exports threaten to further tighten a market wrestling with OPEC+ production cuts. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleDianne Feinstein, Longest-Serving Female Senator, Dies at 90UAW Aims For