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NY Mercantile . Currency in USD
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  • Reuters2 hours ago

    Oil prices fall on lingering oversupply concerns

    Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. U.S. West Texas Intermediate (WTI) crude oil futures (CLc1) were trading at $49.34 per barrel at 0137 GMT, down 28 cents, or 0.56 percent from their last close. Brent crude futures (LCOc1), the international benchmark for oil prices, were at $51.58 per barrel, down 24 cents, or 0.46 percent, from their last close.

  • Oilprice.com5 hours ago

    Will Trump Spark An Offshore Drilling Boom?

    President Trump plans to sign an executive order this week intended to open up new areas of offshore oil and gas drilling banned by the previous administration

  • Market Realist7 hours ago

    Can Oil Prices Keep Crashing?

    US crude oil futures contracts for June delivery closed at $49.56 per barrel on April 25, 2017—0.7% above the previous day’s closing price.