CL=F - Crude Oil Jan 19

NY Mercantile - NY Mercantile Delayed price. Currency in USD
51.23
-1.35 (-2.57%)
At close: 4:59PM EST
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Pre. SettlementN/A
Settlement date2018-12-19
Open52.83
Bid51.07
Last price52.58
Day's range50.84 - 52.95
Volume507,143
Ask51.24
  • U.S. Oil Prices Rise as EIA Confirms Another Inventory Draw
    Zacks14 hours ago

    U.S. Oil Prices Rise as EIA Confirms Another Inventory Draw

    At 442 million barrels, current crude supplies are less than 1% below the year-ago figure and are 7% above the five-year average.

  • Oilprice.com18 hours ago

    Slipping Rig Count Can’t Keep Oil Prices From Falling

    The U.S. and Canadian oil rig count fell for the third week in a row, but the lower number of deployed rigs didn’t keep oil prices from falling on Friday afternoon

  • Oilprice.com21 hours ago

    Chinese-Venezuelan Joint Venture Doubles Oil Production

    A joint venture between troubled Venezuelan state oil company PDVSA and China’s CNPC in the South American country has doubled its oil production in the past seven months

  • China’s Economic Data Might Drag Oil Prices
    Market Realist21 hours ago

    China’s Economic Data Might Drag Oil Prices

    On December 14, China reported the November industrial output growth at 5.4% on a year-over-year basis—the lowest growth since early 2016. The industrial output growth was below the expectation. China’s retail sales growth rate was also at a multiyear low. China was the second-largest oil consumer in the world. Any slowdown in China’s economy would be a negative development for crude oil prices. At 7:43 AM EST, US crude oil prices have lost $0.34 from the last closing level.

  • What Do Marathon Petroleum’s Valuations Imply?
    Market Realist22 hours ago

    What Do Marathon Petroleum’s Valuations Imply?

    Currently, Marathon Petroleum (MPC) trades at a forward PE ratio of 8.1x, above its peer average of 7.7x. Marathon Petroleum’s peers Valero Energy (VLO) and Phillips 66 (PSX) also trade above their peer average. Valero and Phillips 66 stocks trade at 8.3x and 9.0x their forward PE, respectively.

  • Associated Press2 days ago

    Business Highlights

    Apple is building a $1 billion campus in Austin, Texas. The company says it will also open offices in Seattle, San Diego and Culver City, California, each employing at least 1,000 workers. BEIJING (AP) -- China has confirmed the detentions of two Canadian men, raising the stakes in a three-way international dispute with the United States.

  • Oilprice.com2 days ago

    Canadian Crude Price Spike Won’t Last

    The price spike in Canadian crude is unlikely to last and is looking more as a knee-jerk reaction to the announcement of production cuts that have not yet gone into effect

  • What to Expect from Marathon Petroleum Stock for Rest of 2018
    Market Realist2 days ago

    What to Expect from Marathon Petroleum Stock for Rest of 2018

    In the previous part, we looked at Marathon Petroleum’s (MPC) moving average trend. Now, we’ll consider its implied volatility to forecast its stock price range until the end of the year.

  • What Marathon Petroleum’s Moving Averages Indicate
    Market Realist2 days ago

    What Marathon Petroleum’s Moving Averages Indicate

    In this part, we’ll look at Marathon Petroleum’s (MPC) moving averages trend in the current quarter. Before that, let’s see briefly how Marathon Petroleum’s moving averages have trended in 2018.

  • Oilprice.com2 days ago

    Why The OPEC+ Deal Won’t Cut It

    OPEC and its partners managed to reach an agreement to cut 1.2 million bpd of production, but the vague commitment and the size of the cut could fail to send prices up much higher

  • Oilprice.com3 days ago

    OPEC Sees Demand For Its Crude Oil Lower In 2019

    OPEC expects demand for its crude to be slightly lower in 2019, averaging 31.4 million bpd, down by 100,000 bpd from last month's forecast

  • Marathon Petroleum’s Dividend Yield Has Risen in Q4
    Market Realist3 days ago

    Marathon Petroleum’s Dividend Yield Has Risen in Q4

    Marathon Petroleum Stock Has Fallen 26% in Q4: What's Next? Marathon Petroleum’s (MPC) dividend yield has risen due to a fall in its stock price. Before we review the stock’s yield trend, let’s look at the company’s dividend payment in the current quarter.

  • Oilprice.com3 days ago

    China Pushes Global Oil Trading To All-time High In 2018

    The crude oil volumes traded this year are on track for a record high as China’s yuan-denominated trades are offsetting lower activity in the Brent benchmark

  • Global Bankers Spurn Trump’s Pleas to Keep Making Loans for Coal
    Bloomberg3 days ago

    Global Bankers Spurn Trump’s Pleas to Keep Making Loans for Coal

    The European Bank for Reconstruction and Development, established to help foster democracy-building projects in former communist countries, on Wednesday adopted a strategic plan that rules out direct financing of coal plants and mines -- despite opposition from the U.S., the bank’s single biggest shareholder.

  • Oilprice.com3 days ago

    Oil Prices Steady After EIA Confirms Much Smaller Draw

    Oil prices held on to gains on Wednesday morning after the EIA reported a draw across the board

  • Analyzing the Sharp Rise in Natural Gas Prices
    Market Realist3 days ago

    Analyzing the Sharp Rise in Natural Gas Prices

    The natural gas rig count was at 198 last week—nine more than the previous week. The natural gas rig count has fallen ~87.7% from its record level of 1,606 in 2008. Since September, natural gas prices have risen nearly 38%, which might be luring natural gas producers to increase their production.

  • Will Trade Based on Buying Natural Gas and Selling Oil Unwind?
    Market Realist3 days ago

    Will Trade Based on Buying Natural Gas and Selling Oil Unwind?

    With the production cut agreement that’s set to be implemented in 2019, US crude oil’s downside could be limited. Traders think that the recent flow of funds from oil to the natural gas market might stop, which could be a negative development for natural gas prices.

  • Bank of America Eyes Oil at $70 in 2019
    Market Realist3 days ago

    Bank of America Eyes Oil at $70 in 2019

    Bank of America Merrill Lynch (BAC) expects Brent crude oil to average ~$70 per barrel in 2019, according to a CNBC report. The OPEC and non-OPEC agreement to cut 1.2 MMbpd (million barrels per day) of oil from the October production level in 2019 would be the key driver for US crude oil prices going forward.

  • Oilprice.com3 days ago

    Global Market Turbulence Caps Oil Prices

    Oil prices only rallied modestly after OPEC and partners announced a new round of output cuts, and volatile global markets now seem to have put a cap on crude

  • Oilprice.com3 days ago

    What Would A New OPEC Look Like?

    The global oil markets could be about to see some drastic geopolitical changes as OPEC and Non-OPEC formalize cooperation in the first quarter of next year

  • Oilprice.com4 days ago

    Citi: Oil Prices Are Going Nowhere Next Year

    Brent crude could be stuck between $55 and $65 per barrel in 2019 due to rising oil stockpiles, according to Citi Bank analysts

  • Why Airline Stocks Rose by Double Digits in November
    Motley Fool4 days ago

    Why Airline Stocks Rose by Double Digits in November

    The stock jumps came for one simple reason.

  • Marathon Petroleum Stock Lost 12%
    Market Realist4 days ago

    Marathon Petroleum Stock Lost 12%

    Marathon Petroleum (MPC) stock has lost more than Delek US Holdings (DK) in the past month. In the previous part, we discussed that Delek US Holdings stock has fallen 4.1% in the past month.

  • Oilprice.com4 days ago

    Iran Widens Discount For Crude To Asia

    Iran has deepened the discount on its crude delivered to Asian buyers, offering it for $0.30 less than the Dubai/Oman benchmark

  • Oilprice.com4 days ago

    Canadian Crude Rises 70% On Unprecedented Output Cuts

    Canadian crude prices recovered in the last couple of days, with WCS gaining over 70 percent after Alberta’s Premier announced an unprecedented production cut