CL=F -

NY Mercantile - NY Mercantile Delayed price. Currency in USD
54.20
-1.39 (-2.50%)
At close: 4:59PM EST
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Pre. SettlementN/A
Settlement dateN/A
OpenN/A
Bid54.05
Last priceN/A
Day's rangeN/A - N/A
Volume558,150
Ask54.34
  • Oilprice.com

    OPEC Mulls Extending Oil Production Cuts Through End-2020

    OPEC members are discussing a potential extension of the oil production cuts through the end of 2020, an OPEC source told Russian news agency TASS on Friday.

  • Oil Bears Are Back As Demand Fears Go Viral
    Oilprice.com

    Oil Bears Are Back As Demand Fears Go Viral

    Demand fears, largely driven by the spread of the coronavirus, have sent oil prices sliding at the end of the week with Brent falling below $60

  • S&P 500 Weekly Price Forecast – Stock Markets Stall For The Week
    FX Empire

    S&P 500 Weekly Price Forecast – Stock Markets Stall For The Week

    The S&P; 500 went back and forth during the week, showing signs of exhaustion as we are clearly a little overextended. That being said though, there are plenty of support levels underneath that I will be watching.

  • Crude Oil Weekly Price Forecast – Crude Oil Markets Get Hammered For The Week
    FX Empire

    Crude Oil Weekly Price Forecast – Crude Oil Markets Get Hammered For The Week

    Crude oil markets got absolutely hammered during the week, forming an extraordinarily bearish candlestick. That being said, we are still well within the overall range that we have been in for the year and a half.

  • GBP/JPY Weekly Price Forecast – British Pound Spotters Against Japanese Yen
    FX Empire

    GBP/JPY Weekly Price Forecast – British Pound Spotters Against Japanese Yen

    The British pound rallied again during the week, breaking above the 200 week EMA before given back quite a bit of the gains. By doing so, the market has formed a bit of a shooting star, suggesting that perhaps we may have to pull back.

  • AUD/USD Weekly Price Forecast – Australian Dollar Falls
    FX Empire

    AUD/USD Weekly Price Forecast – Australian Dollar Falls

    The Australian dollar initially tried to rally during the week, but then reached towards the previous downtrend line. Ultimately, the market is approaching the 0.68 level is a sign of challenging support.

  • Oilprice.com

    China Sees Jump In Gasoline, Jet Fuel Exports

    A 99-percent utilization rate of state quotas in China drove oil product exports up 20.1 percent last year

  • Coronavirus Outbreak Gives Gold a Boost: 5 Top Picks
    Zacks

    Coronavirus Outbreak Gives Gold a Boost: 5 Top Picks

    The demand for precious metal gold, considered as a major investment option under market turmoil, bolstered due to coronavirus outbreak.

  • Oil Price Fundamental Daily Forecast – Coronavirus Quarantines to Drive Down Energy Demand
    FX Empire

    Oil Price Fundamental Daily Forecast – Coronavirus Quarantines to Drive Down Energy Demand

    The lack of follow-through to the upside following Thursday’s technical bounce suggests the absence of buyers, since the move was likely fueled by profit-taking and short-covering.

  • U.S. Crude Slips to 3-Month Low
    FX Empire

    U.S. Crude Slips to 3-Month Low

    Oil prices have fallen for a fifth successive day, as crude struggles to stay above the $55 level. Will the downturn continue?

  • Asia Wrap: TGIF ( FX-Oil and Gold)
    FX Empire

    Asia Wrap: TGIF ( FX-Oil and Gold)

    G10 FX vols are holding in for now in though spot markets are slow due to the Lunar New Year holidays across the region.

  • Oilprice.com

    Iran Faces Threat Of Full Global Sanctions

    Iran finds itself between a rock and a hard place as it is facing a full global sanctions threat that could potentially crush its economy

  • US Stock Market Overview – Stocks Close Mixed, Nasdaq Leads, the Dow Lags
    FX Empire

    US Stock Market Overview – Stocks Close Mixed, Nasdaq Leads, the Dow Lags

    Crude oil tumbles weighing on energy shares, Exxon hits 52-week low

  • The Hottest Energy Conflict Right Now
    Oilprice.com

    The Hottest Energy Conflict Right Now

    Belarus has just bought two cargoes of Johan Sverdrup, a move that doesn't sit well with decisionmakers in Moscow

  • Oilprice.com

    Oil Prices Head Lower Despite Small Crude Draw

    Oil prices continued to trade lower on Wednesday morning after the EIA reported a small draw in commercial crude inventories

  • Oil Price Fundamental Daily Forecast – Weak on Fear of Lower Demand
    FX Empire

    Oil Price Fundamental Daily Forecast – Weak on Fear of Lower Demand

    It looks like the coronavirus story is not going to go away over the near-term and actually conditions could worsen. It’s difficult for professionals to gauge the impact on demand at this time so we may not see a bottom until the speculators stop shorting the market.

  • 4 Promising Oil Trends To Watch In 2020
    Oilprice.com

    4 Promising Oil Trends To Watch In 2020

    It’s no secret that energy stocks have struggled this year, but there are some companies that could still have great success

  • Oilprice.com

    The Most Successful Oil Economy That’s Moving Away From Oil

    The UAE has made a tremendous amount of money off its oil resource base, but smart investing and an effective divestment strategy are now starting to pay off

  • US Stock Market Overview – Stocks Close Mixed Despite Robust Housing Data
    FX Empire

    US Stock Market Overview – Stocks Close Mixed Despite Robust Housing Data

    Fed Chicago National Activity Index shows weakness

  • Crude Oil Price Forecast – Crude Oil Markets Break Down
    FX Empire

    Crude Oil Price Forecast – Crude Oil Markets Break Down

    Crude oil markets broke down during the trading session on Wednesday, slicing through the last vestiges of support and looking very vulnerable at this point.

  • Oilprice.com

    Tension Between Cyprus, Turkey Flares Up On “Illegal” Gas Exploration

    Tensions between Turkey and Cyprus that have been simmering for decades flared up again this month after Cyprus called Turkey a “pirate state”

  • GBP/USD Price Forecast – British Pound Explodes To The Upside
    FX Empire

    GBP/USD Price Forecast – British Pound Explodes To The Upside

    The British pound took off during the trading session on Wednesday as we have bounced from a major trend line, broken above the 50 day EMA, and then break even higher from there.

  • Crude Oil Slides Below $58 – More Losses Ahead?
    FX Empire

    Crude Oil Slides Below $58 – More Losses Ahead?

    After a week of choppy trading, crude oil has fallen over 2.0% percent on Wednesday and is struggling to stay above the $57 level.

  • Bloomberg

    Kuwait to Resume Oil Output by March in Area Shared With Saudis

    (Bloomberg) -- Kuwait plans to restart oil production by March at the Wafra field that it shares with Saudi Arabia, more than four years after the neighbors halted output.Wafra has been shut since May 2015, due to a dispute over Saudi Arabia’s renewal of Chevron Corp.’s concession there. The field will resume pumping by March, Kuwaiti Oil Minister Khaled Al-Fadhel said Wednesday by phone.Kuwait’s parliament voted earlier in the day to ratify the agreement the country reached with Saudi Arabia in December to resume production at their shared oil deposits. Fields in the so-called neutral zone can produce as much as 500,000 barrels a day -- more than each of OPEC’s three smallest members pumped last month.Kuwaitis and Saudis alike have said a resumption would be unlikely to add significant amounts of oil to the market within the current duration of the Organization of Petroleum Exporting Countries’ production cuts deal, which runs until the end of March. The neutral zone, spanning more then 5,700 square kilometers (2,200 square miles), was created by a 1922 treaty between Kuwait and the fledgling Kingdom of Saudi Arabia. In the 1970s, the two Gulf Arab monarchies agreed to divide the area and incorporate each half into their respective territory while still sharing and jointly managing the zone’s petroleum wealth. The region contains two main oil fields: the onshore Wafra and offshore Khafji.Khafji was shut down in 2014 after a spat between the neighbors. The disagreement escalated over the Wafra field, when Saudi Arabia extended the original 60-year concession of the field, giving California-based Chevron, through its subsidiary Saudi Arabian Chevron Inc., rights there until 2039. Kuwait was unhappy over the announcement and claims Riyadh never consulted it about the extension.Chevron, which operates Wafra with Kuwait Gulf Oil Co., said in December that it expected full production there to be restored within 12 months.To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.netTo contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net, Bruce Stanley, Amanda JordanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.