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NY Mercantile - NY Mercantile Delayed Price. Currency in USD
|Day's Range||99.08 - 100.82|
- Reuters•26 minutes ago
Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply. The switch may foreshadow the end of a global oil glut that built up during a two-year price war. On Friday - for the first time in six years - a rule in one of the most popular commodity market indices was triggered, requiring funds tracking the index to sell Brent crude futures contracts for December (LCOZ7) and to buy contracts for June (LCOM7).
- Market Realist•1 hour ago
Oasis Petroleum’s (OAS) current implied volatility is 45.3%—about ~10% lower than its 15-day average of 50.3%.
- Barrons.com•1 hour ago
Shares of South African energy producer Sasol (SSL) are up 1.7% this morning after it reported a rise in profits, and lower dividends. From the Wall Street Journal and Dow Jones Newswires: "Sasol reported "a profit of 8.68 billion South African rand ($621 million) for the fiscal first half, up 19% from a year earlier as the company continued to cut costs in response to lower crude prices ... The company declared an interim dividend of ZAR4.80 a share, down from ZAR5.70 a share the previous year ... Sasol was aided by a 8.3% rise in the average Brent crude-oil price to $46.97 a barrel ... the South African petrochemical and energy giant continues to plow ahead with its investments in an $11 billion ethane cracker in Louisiana as well as oil and gas drilling in Mozambique." The international Brent price of oil was up 0.6% to $56.35 per barrel today, while the U.s. benchmark rose up 0.5% to $54.25.