Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 105.00 |
Expiry date | 2025-01-17 |
Day's range | 0.0500 - 0.0500 |
Contract range | N/A |
Volume | |
Open interest | 100 |
(Bloomberg) -- Oil eased following a day of choppy trading as investors booked profits and unwound some positions ahead of Israel’s expected retaliation against Iran and the potential rollout of fresh economic stimulus in China.Most Read from BloombergThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms, an Old Boogeyman Returns: BrusselizationSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago Marathon to Honor Kenyan Who Died After His World Rec
The broader problem is weak demand for refined products such as gasoline and jet fuel amid an economic slump in China, as well as increased supply from new refineries in Asia and the Middle East.
EOG, FANG, XOM and CVX, with their vast resources and strategic positioning, are poised to leverage the Permian Basin's output for substantial returns.