CLZ24.NYM - Crude Oil Dec 24

NY Mercantile - NY Mercantile Delayed price. Currency in USD
+0.23 (+0.35%)
As of 08:43AM EDT. Market open.
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Pre. SettlementN/A
Settlement date2024-11-20
Last price66.41
Day's range66.01 - 66.82
  • Yahoo Finance Video

    What commodity prices are telling us about the economy

    The commodity markets include everything from oil to copper to agricultural products. Katy Kaminski, AlphaSimplex's Chief Research Strategist tells Yahoo Finance Live what signals these markets are signaling about the global economy. 

  • Financial Times

    UK government sets price floor for oil and gas windfall tax

    The UK government has introduced a price floor for the windfall tax on oil and gas producers, arguing that it is necessary to support investment and boost the country’s energy security. The tax rate, which was raised to 75 per cent last year at the peak of the energy crisis, will revert to the pre-crisis level of 40 per cent if oil and gas prices fall below their long-term average under the so-called Energy Security Investment Mechanism. The floor has been set at $71.40 for crude oil and £0.54 a therm for gas.

  • Bloomberg

    Plan for One of World’s Biggest Coal Mines Challenged in India

    (Bloomberg) -- Coal India Ltd. is holding talks with residents opposed to a mine expansion that would create one of the world’s largest operations producing the fuel.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarLeaving New York for Miami Can Save Nearly $200,000Ukraine’s New Tanks Are Seen in Action as Counteroffensive Gets UnderwayProtest


    Interpreting China’s Enigmatic Commodity Market

    China’s commodity market is ripe with complexities and inconsistencies, with strong crude imports, but weakening copper demand, hinting at an uncertain economic recovery.


    Oil slips as weak Chinese data fuels demand concerns -- Oil prices extended losses into Asian trade on Friday amid persistent fears that slowing economic growth will erode demand this year, with dismal readings from China further denting sentiment.

  • Financial Times

    UK set to introduce floor for oil and gas windfall tax

    Britain’s windfall tax on oil and gas producers is set to be scaled back as part of efforts to boost investment in the North Sea, according to three people briefed on the government’s plans. The chancellor, Jeremy Hunt, is expected to confirm plans to introduce a “floor” on the 35 per cent levy in the coming days so that it only applies if oil and gas prices trade above a certain level. Treasury officials are due to meet the oil and gas industry on Friday at a forum in Aberdeen.


    Oil down more than 1% on reports of on-then-off Iran nuclear deal

    Crude prices tumbled anew Thursday before closing off their lows as a report suggesting a U.S.-Iran nuclear deal that would let the Islamic republic legally export some of its sanctioned oil was refuted by the White House. “This report is false and misleading," a spokesperson for the White House National Security Council said in comments carried by Reuters, referring to the report that appeared on the Middle East Eye website. The denial didn’t stop oil markets from registering a substantial drop on the day, though they finished off the bottom.

  • Financial Times

    Brazil divided over oil drilling proposal off Amazon delta

    A proposal to drill for oil in the sea off the mouth of the Amazon river has exposed a rift in the cabinet of Brazilian president Luiz Inácio Lula da Silva, lining up an important test of his pledges to halt environmental destruction. National oil and gas company Petrobras has lodged an appeal after the environmental agency rejected its request to drill an exploratory well in the zone known as the Foz do Amazonas, or Amazon Mouth basin, some 175km from the country’s northern coast.


    Crude oil edges higher; Fed in focus after Saudi output cut

    Oil prices rose Thursday, helped by Saudi Arabia’s surprise production cut and signs of increased Asian demand, but concerns about the important western markets have limited gains. Saudi Arabia’s decision, announced Sunday, to cut its crude output by 1 million barrels per day in July on top of a broader OPEC+ deal to limit supply into 2024 has created a support base for the market. “Crude oil demand from Asia has been recovering over the last few months as the pace of interest rate hikes slows down and economic growth picks up,” said analysts at ING, in a note.


    Dutch TTF rally driven by short positions, market vulnerable - Goldman Sachs - In recent sessions, the TTF in Amsterdam has seen a significant rally that has taken the July contract to touch €29 per MWh today with a rise of over 8% and 24% at the beginning of the week.

  • Yahoo Finance UK

    Oil prices: Should you book your Christmas flights now?

    Less crude to the global markets is likely to boost oil prices, which could result in more expensive flight tickets for consumers.

  • The Telegraph

    Commodity stocks such as this oil giant could be a useful hedge against inflation

    This column makes no apology for returning to the subject of Shell so quickly after its last look a month ago. That came after May’s bumper first-quarter profits statement and the occasion this time is last weekend’s Opec+ meeting in Vienna.

  • Bloomberg

    Saudi Arabia’s Oil Cut Risks Leaving Bitter Taste for Budget

    (Bloomberg) -- Saudi Arabia’s plan to slash oil production by around 10% may hit its finances hard.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsRay Dalio Says US at Beginning of ‘Late, Big-Cycle Debt Crisis’Americans Are Leaving Portugal as Golden Visa Honeymoon EndsSunday’s decision, which will see the kingdom lower crude output to 9 mi

  • Bloomberg

    It’s Terribly Hot in China, But Coal Prices Still Have Room to Fall

    (Bloomberg) -- Despite scorching heat boosting power demand as fans and air conditioners get switched on, Chinese coal hasn’t been this cheap in over two years — and it could get even cheaper. Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsRay Dalio Says US at Beginning of ‘Late, Big-Cycle Debt Crisis’Messi Spurns $400 Million Saudi Offer


    Oil steadies amid mixed demand signals from U.S., China -- Oil prices kept to a tight range in early Asian trade on Thursday as markets took stock of mixed demand signals from major world economies, while initial support from a Saudi production cut now appeared to be waning.

  • CoinDesk

    The Petrodollar and Its Discontents Point to Bitcoin's Role in the Financial Future

    Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a Bitcoin-like currency do better?

  • Zacks

    Teck Resources (TECK) in Talks With Parties for Coal Business

    Teck Resources (TECK) indicates that it has received indications of interest for deals for its coal assets.


    Oil up on mixed U.S. fuels data; little regard for Saudi cuts

    Crude prices rose about 1% Wednesday after mixed data on U.S. fuels helped oil longs recoup losses from a day ago and reset trajectory in a market showing little regard thus far for deep production cuts announced by Saudi Arabia. New York-traded West Texas Intermediate, or WTI, crude settled up 79 cents, or 1.1%, at $72.53 per barrel, offsetting Tuesday’s decline of 0.6%. WTI and Brent rallied as much as 2% earlier in the session, with some traders attributing the run-up to belated enthusiasm over Saudi Arabia’s declaration  after Sunday’s meeting of the OPEC+ alliance that it will cut an additional one million barrels per day in July to effectively take 2.5M barrels off its regular daily output.

  • Yahoo Finance Video

    Oil prices steady as economic fears offset Saudi output cut

    OPEC+ decided to cut oil production by one million barrels a day. Rebecca Babin, CIBC Private Wealth, US Senior Energy Trader, joins Yahoo Finance Live to discuss the economic impact of the decision, the EIA reporting that crude oil inventories fell 452,000 barrels, how this will impact the summer travel season, and the geopolitical impact. 

  • Zacks

    Keep an Eye on 3 Oil Explorers as Crude Price Rises Again

    Exploration and production companies like SM Energy (SM), Matador (MTDR) and Pioneer (PXD) are likely to witness big gains from a healthy crude price trajectory.


    U.S. crude stocks slide, fuel inventories jump in run up to Memorial Day - EIA

    U.S. crude stockpiles fell last week bucking expectations for a build but inventories of fuel jumped way above forecasts, the government agency in charge of energy data said as it issued a mixed weekly report on supply-demand amid the start of peak travel for summer. The weekly draw in crude came despite a 1.9 million barrel release from the Strategic Petroleum Reserve, or SPR. The Biden administration has been tapping the SPR since late 2021 to prevent extraordinary tightness in U.S. crude supply that could lead to spikes in pump prices of fuel.

  • FX Empire

    The Biggest Economic Events Oil Traders Need to Keep an Eye On

    This article explores three key economic events that oil traders should monitor closely.

  • Yahoo Finance UK

    FTSE and Wall Street fall as US mortgage approvals hit lowest since 1995

    Wall Street stocks followed Europe, mainly slipping into the red on news that US mortgage approvals for home purchases fell to their lowest level in nearly 30 years in May.

  • Bloomberg

    China Posts Robust Commodities Imports Despite Stuttering Growth

    (Bloomberg) -- China posted robust commodities imports in May, defying stutters in the wider economy, as buyers took advantage of weaker international prices and energy importers stocked up ahead of peak demand in the summer.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseDam Destroyed in the Dead of Night Upstages Ukraine’s


    Oil pulled lower by weak Chinese data, wipes out OPEC-driven gains -- Oil prices fell in Asian trade on Wednesday as weak Chinese trade data spurred more fears of slowing demand in the country, with prices having now reversed all gains made earlier this week on the back of supply cuts by the OPEC.