Crude Oil Dec 33 (CLZ33.NYM)
| Pre. Settlement | N/A |
| Settlement date | 2033-11-21 |
| Open | 63.10 |
| Bid | 54.17 |
| Last price | 62.29 |
| Day's range | 63.10 - 63.10 |
| Volume | |
| Ask | 54.95 |
- Yahoo Finance Video
Oil prices tumble to four-month low
Crude oil (CL=F, BZ=F) prices have plunged to a four-month low after OPEC+ announced an extension of production cuts into 2025. This move has sparked bearish sentiment among investors. Yahoo Finance's Ines Ferré breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Yahoo FinanceOil falls 3% on OPEC production cut as demand worries surface
Oil slides after OPEC+ detailed the unwinding of its production cut plan going into 2025. Wall Street had expected cuts to be extended through the end of the year.
- Yahoo Finance Video
May's PMI data and OPEC's production cuts: Catalysts
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills delve into various pivotal market developments, dissecting the ISM's manufacturing PMI data for the month of May, oil price dynamics (CL=F, BZ=F), and the top trending stocks. The Institute for Supply Management's (ISM) manufacturing Purchasing Managers' Index report revealed a slight decline in May. Saxo Bank Chief Global Equity Strategist Peter Garnry joins the show to provide insights on how markets are digesting this print and its implications for future interest rate cuts by the Federal Reserve. Meanwhile, OPEC+ extended its oil production cuts until 2025. Bob McNally, the founder and president of Rapidan Energy, joins the show to discuss the impact of this decision and delve into the macroeconomic factors currently influencing oil prices. Shifting gears, the show dives into the stock reactions of Yahoo Finance's top trending stocks, including tech titan Nvidia (NVDA), music streaming platform Spotify (SPOT), and aviation giant JetBlue (JBLU). This post was written by Angel Smith
