CLX27.NYM - Crude Oil Nov 27
| Pre. Settlement | N/A |
| Settlement date | 2027-10-20 |
| Open | 55.50 |
| Bid | N/A |
| Last price | 49.71 |
| Day's range | 55.50 - 55.50 |
| Volume | |
| Ask | 0.00 |
- Financial Times
Saudi Arabia’s ‘prickly prince’ of oil bristles as crude price slides
Barring of journalists from this weekend’s Opec+ meeting underlines Prince Abdulaziz’s tempestuous reputation
BloombergOil Advances as Market Eyes Weekend OPEC+ Meeting in Vienna
(Bloomberg) -- Oil climbed on Friday alongside risk assets, with attention focusing on this weekend’s OPEC+ meeting in Vienna.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersInside the Making of Redfall, Xbox’s Latest MisfireRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsOPEC and its allies are expected to weigh disappo
- Investing.com
Oil rallies 2nd day in row, paring weekly loss ahead of OPEC
Fear that the OPEC+ alliance of world oil producers could announce a third production cut in nine months led crude prices to rally again on Friday, significantly paring weekly losses. London-traded Brent crude was up $1.75, or 2.4%, to $76.03. Like WTI, Brent was down 1% on the week.
- Investing.com
Crude oil soars on debt ceiling progress; OPEC+, Fed meeting in focus
Oil prices rose sharply Friday after the U.S. debt ceiling deal passed through Congress, averting a default ahead of the weekend’s meeting of OPEC ministers and their allies at the weekend. The U.S. Senate approved a bill to lift the country’s $31.4 billion debt ceiling late Thursday, the day after the House of Representatives did the same. The agreement now heads to the White House, with President Joe Biden just having to sign the deal to stave off a sovereign default that would have had severe economic repercussions globally.
BloombergPalm Oil Production Seen Surging in Malaysia as Workers Return
(Bloomberg) -- Palm oil supply in Malaysia is set to soar as a labor crunch eases in the world’s second-biggest producer, paving the way for a bumper crop in the second half of the year, said a senior plantation executive. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersInside the Making of Redfall, Xbox’s Latest MisfireRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at
Simply Wall St.Returns on Capital Paint A Bright Future For Hibiscus Petroleum Berhad (KLSE:HIBISCS)
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
- Investing.com
Oil rises on debt ceiling optimism, OPEC uncertainty caps gains
Investing.com -- Oil prices rose in Asian trade on Friday as markets cheered the approval of a bill to raise the U.S. debt ceiling and avoid a default, although uncertainty ahead of an OPEC meeting over the weekend kept gains in check.
- Investing.com
Oil: OPEC’s action on Sunday will be price-driven vs. hype - Citi
The outcome of Sunday’s OPEC+ meeting will most likely be price-driven versus the alliance’s hype that it isn’t price-focused, analysts at Citigroup suggested in a note issued Thursday. “What the 8 OPEC+ members, plus Russia, that committed to make output cuts for May actually do when they meet this weekend is likely to be a function of prices,” the Citi note said, referring to Saudi Arabia, United Arab Emirates, Kuwait, Oman, Algeria, Kazakhstan and Iraq. “Further deterioration in prices toward $70 or below for Brent put a 60-70% likelihood on a cut by some members of the group, and Russia might not be one of them,” the note added.
- Investing.com
Oil ends up 2% after 3-day loss; ‘OPEC+ fear’ offsets U.S. supply build
It’s the same script that plays out before each OPEC+ meeting and we’re seeing it again. Crude prices settled up as much as 3% Thursday, paring the 7% loss from three previous days of trading, as market participants braced for the possibility that OPEC+ would announce another output cut at its meeting this weekend — against bets for a stay. It was one reason for the late-week comeback in oil prices despite a dismal weekly supply-demand report on oil released by the U.S. government.
BloombergTeck Struggles to Secure Top Shareholder’s Support on Coal Split
(Bloomberg) -- Teck Resources Ltd. is struggling to secure the support of top shareholder China Investment Corp., as the Canadian miner studies options to exit its coal business while fending off a takeover bid from Glencore Plc.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceDebt-Limit Deal Passes the House, Easing US Default ConcernsBillionaire Perot
- Investing.com
U.S. crude stocks up about 4.5M barrels last week - EIA
U.S. crude stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls in both as oil bulls bet on higher energy demand with the advent of summer travel. The U.S. crude inventory balance rose by 4.489 million barrels during the week ended May 26, the Energy Information Administration, or EIA, said in its Weekly Petroleum Status Report. In the prior week to May 19, the EIA reported a deficit of 12.456M barrels, the most in six months or the week ended November 25.
Simply Wall St.Should You Be Adding ShaMaran Petroleum (CVE:SNM) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
BloombergEurope’s Unused Coal Heads to New Shores in Post-Crisis Glut
(Bloomberg) -- Traders are seeking buyers for piles of unused coal before it becomes worthless after the fuel was hoarded to save Europe’s economy from running out of power last year.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry Up
BloombergOPEC+ Faces Oil Market Torn by Demand Rebound and Recession Fear
(Bloomberg) -- OPEC+ will be grappling with a divided oil market when it meets this weekend.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpOn one side, global oil inventories are shrinking as the alliance’s latest production cuts
BloombergChina’s Swoop on Cheap Global Coal Set to Drive Record Imports
(Bloomberg) -- Falling coal prices could drive Chinese imports to all-time highs, as fuel unwanted elsewhere in the world is diverted to the biggest consumer. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpChina’s purchases may hi
- Investing.com
Oil moves higher on debt ceiling progress, positive Chinese data
Investing.com -- Oil prices rose in Asian trade on Thursday, rebounding from near one-month lows as investors cheered progress towards averting a U.S. debt default, while signs of life in Chinese manufacturing also brewed some optimism over a demand recovery in the country.
Motley FoolTexas Oil is Now Part of the Brent Oil Benchmark
Brent crude, the world's most traded oil benchmark, has picked up a Texas twang. Starting today, a particular type of US oil will factor into...
- Investing.com
U.S. crude stocks up 5.2M barrels last week - API
U.S. crude stockpiles likely rose last week along with inventories of fuel, petroleum industry group API indicated in a report Wednesday that bucked expectations for falls in both as oil bulls bet on higher energy demand with the advent of summer road, air and seaborne travel. The U.S. crude inventory balance rose by 5.202 million barrels during the week ended May 26, according to the API, or American Petroleum Institute. The petroleum industry group reported a crude draw of 6.799M barrels in the prior week to May 19.
- Financial Times
Indonesia and Malaysia freeze trade talks with EU over palm oil
Indonesia and Malaysia have said they will delay trade talks with the EU while they seek fairer treatment for small palm oil producers hit by the bloc’s “punitive” new rules to prevent deforestation. Dato’ Sri Haji Fadillah bin Haji Yusof, deputy prime minister of Malaysia, told the Financial Times during a visit to Brussels on Wednesday that the EU’s recently adopted law banning the import of products that come from land cleared of forests, was “punitive and unfair treatment towards us and to smallholders in particular”. Indonesia, which has been negotiating with the EU over a free trade agreement for seven years, said it would not progress those talks until more leniency was given to palm oil producers under the new EU rules.
- Investing.com
Oil hits 4-week low on Chinese manufacturing slide, dollar spike
Oil prices hit four-week lows on Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the year. The dollar’s surge on expectations that the Federal Reserve will raise interest rates again in June added to the weight on crude futures that are priced in the U.S. currency. New York-traded West Texas Intermediate, or WTI, crude settled down $1.37, or 2%, at $68.09 per barrel.
ZacksTime for Inverse Energy ETFs?
With oil witnessing its largest decline in four weeks and weaker demand indicators appearing on the horizon, is now the moment to consider investing in inverse energy ETFs?
ZacksOil & Gas Stock Roundup: ConocoPhillips' Acquisition, Shell's AGM & More
Apart from ConocoPhillips (COP) and Shell (SHEL), TechnipFMC (FTI), Eni (E) and Petrobras (PBR) hogged attention during the week.
- Investing.com
Crude oil slumps on demand concerns after weak Chinese data
Oil prices fell sharply Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the year. Activity data released earlier Wednesday showed that China’s manufacturing sector, an important regional growth driver, shrank for a second straight month in May. Oil is down over 16% this year as China’s lackluster economic recovery and tighter monetary policy from the Federal Reserve weighed on the demand outlook.
Yahoo Finance UKWall Street and FTSE 100 lower ahead of key vote on US debt bill
Investors are anticipating the outcome of US debt vote and digesting the latest economic data from China.
BloombergWorld’s Top Coal Miner Hikes Prices as Wage Bill Surges
(Bloomberg) -- Coal India Ltd., the world’s biggest miner of the fuel, raised prices for the first time in five years to offset an increase to its $5 billion wage bill.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World’s Richest Families in Wealth BetMcCarthy Confident on Debt Vote Despite H