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Light Sweet Crude Oil Futures,J (CLN17.NYM)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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51.72+0.25 (+0.49%)
As of 5:28AM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2017-06-20
Last Price51.47
Day's Range51.40 - 51.88
  • Reuters32 minutes ago

    Iran: There is debate over length of OPEC-led oil output cut extension - ISNA

    Iran's oil minister Bijan Zanganeh said Wednesday that OPEC will continue its production curb but there is debate among members about how long it will continue, the Iranian Students' News Agency reported ...

  • Reuters37 minutes ago

    Kuwait oil minister says deeper OPEC output cuts possible

    Kuwaiti Oil Minister Essam al-Marzouq said on Wednesday that all options are on the table for talks among OPEC and non-OPEC oil producers this week, including deeper output cuts and extending existing production curbs by one year. "All options are still open ... we will raise our recommendations to the ministerial council tomorrow," Marzouq told reporters when asked whether options included deeper cuts and a one-year extension. The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday to consider whether to prolong the deal reached in December in which OPEC and 11 non-members, including Russia, agreed to cut output by about 1.8 million barrels per day in the first half of 2017.

  • OPEC, non-OPEC hold informal talks to nail new oil cuts
    Reuters51 minutes ago

    OPEC, non-OPEC hold informal talks to nail new oil cuts

    OPEC and non-OPEC ministers meet for informal consultations in Vienna on Wednesday in a last-ditch bid to agree the duration of oil output cuts as they seek to clear a global stocks overhang that has pulled down the price of crude. The top oil producer in OPEC, Saudi Arabia, favors extending the output curbs by nine months rather than the initially planned six months, to speed up market rebalancing and prevent crude prices from sliding back below $50 per barrel. OPEC members Iraq and Algeria as well as top non-OPEC producer Russia also support a nine-month extension but some Gulf OPEC members including Kuwait and the United Arab Emirates have pointed to a need for further analysis.