CL=F - Crude Oil Aug 18

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
69.28
+3.74 (+5.71%)
As of 4:59PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2018-07-20
Open65.93
Bid69.23
Last Price65.54
Day's Range65.71 - 69.38
Volume1,110,632
Ask69.38
  • Investopedia34 minutes ago

    What OPEC Agreement Means for Oil Stocks

    WTI prices were up 5.66% to $69.25 per barrel on Friday alone as OPEC pledged to increase production by less than the market feared. Nigeria's Minister of State Petroleum Resources said OPEC will add up to 700,000 barrels per day (b/d). The agreement also allows other OPEC partners like Russia to ramp up production, for a total collective increase in output of 1.0 million barrels per day (mb/d).

  • Oilprice.com1 hour ago

    The New OPEC Deal: Paper Barrels Won’t Materialize

    OPEC’s agreement to add 1 million barrels per day to the market might not prevent a long-term crude supply crisis as geopolitical risks and sanctions keep a lid on production

  • Investing.com2 hours ago

    Crude Oil Prices Settle Nearly 5% Higher as Traders Cheer Modest Output Hike

    Investing.com – WTI crude oil prices settled nearly 5% higher Friday as OPEC's crude output hike was more modest than some producers had hoped, easing investor fears that a wave of crude supply would hold back oil prices.

  • MarketWatch2 hours ago

    Dow snaps 8-session skid, but logs worst weekly fall since March as trade jitters persist

    Energy stocks lead, supported by jump in crude pricesExxon shares were among top Dow gainers. U.S. stock benchmarks ended mostly higher on Friday as an OPEC-inspired rally in energy shares helped the Dow industrials halt a lengthy slide, but equities rang up weekly losses in a period pockmarked by a series of trade-related spats. What did the main benchmarks do?

  • MarketWatch3 hours ago

    OPEC dashes hopes for much lower U.S. gasoline prices this summer

    All hopes for significantly lower gasoline prices at the pump this summer were squashed when the Organization of the Petroleum Exporting Countries announced a smaller-than-expected increase in crude production, rallying prices for oil. Oil prices rallied Friday, and “I’m calling this a bust for motorists hoping for noticeably lower gas prices,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. OPEC agreed to rein in overcompliance with its production-cut agreement and to scale back its 152% compliance rate back down to 100%.

  • How Is Oceaneering International Reacting to Crude Oil’s Price?
    Market Realist4 hours ago

    How Is Oceaneering International Reacting to Crude Oil’s Price?

    Oceaneering International’s (OII) correlation with crude oil’s price from March 21 to June 21 was 0.65, representing a positive relationship between OII and crude oil. The VanEck Vectors Oil Services ETF’s (OIH) correlation coefficient with crude oil since March 21 is 0.71.

  • OPEC’s Agreement Sends Oil Prices Soaring
    Oilprice.com4 hours ago

    OPEC’s Agreement Sends Oil Prices Soaring

    Oil prices spiked on Friday as news of OPEC’s agreement to moderately increase production gave bulls confidence that the oil market will remain tight over the coming year – calming fears of a supply boom

  • US Natural Gas Price Drivers: June 25–29
    Market Realist6 hours ago

    US Natural Gas Price Drivers: June 25–29

    US natural gas futures increased 0.33% to $2.97 per MMBtu (million British thermal units) from June 14 to 21. The United States Natural Gas ETF (UNG) rose 0.3%. UNG seeks to track active natural gas futures. Natural gas–weighed stocks Gulfport Energy (GPOR) and Cabot Oil & Gas (COG) rose 3.1% and 2.3%, respectively, while EQT (EQT) fell 0.4%.

  • How the OPEC Meeting Could Affect US Natural Gas Prices
    Market Realist6 hours ago

    How the OPEC Meeting Could Affect US Natural Gas Prices

    Higher crude oil prices and improving natural gas pipeline capacity in the United States have led to a rise in natural gas production. Natural gas is often an associated product of crude oil produced in US shale formations.

  • US Natural Gas Consumption Increased from June 14 to 20
    Market Realist6 hours ago

    US Natural Gas Consumption Increased from June 14 to 20

    PointLogic is a market intelligence company. It estimates that US natural gas consumption increased ~4.5% to 59.9 Bcf (billion cubic feet) per day from June 14 to 20. Consumption also increased ~4.5% or by 2.6 Bcf per day year-over-year.

  • EIA Reports Significant Build in US Natural Gas Inventories
    Market Realist6 hours ago

    EIA Reports Significant Build in US Natural Gas Inventories

    On June 21, the EIA released its natural gas storage report. It reported that US natural gas inventories rose by 91 Bcf (billion cubic feet) to 2,004 Bcf from June 8 to 15. However, inventories were 757 Bcf or 27% lower than a year ago. Inventories are at their lowest level since 2014 for this time of the year.

  • OPEC Meeting: Crude Oil Prices and Energy Sector Pressure S&P 500
    Market Realist6 hours ago

    OPEC Meeting: Crude Oil Prices and Energy Sector Pressure S&P 500

    The S&P 500 fell ~0.63% to 2,749.76 on June 21. The decline in crude oil prices pressured energy stocks, which in turn pressured the S&P 500 ahead of the OPEC meeting. Eight out of the 11 major sectors in the S&P 500 fell on June 21.

  • Possible Downside for US Crude Oil Next Week
    Market Realist8 hours ago

    Possible Downside for US Crude Oil Next Week

    On June 21, US crude oil’s implied volatility was 24.9%, which is 0.4% above its 15-day moving average.

  • Investopedia8 hours ago

    How much influence does OPEC have on global oil prices?

    In the short term, the Organization of Petroleum-Exporting Countries (OPEC) has significant influence on the price of oil. Over the long term, its ability to influence the price of oil is quite limited, primarily because individual countries have different incentives than OPEC as a whole. For example, if OPEC countries are unsatisfied with the price of oil, it is in their interests to cut the supply of oil so prices rise.

  • Reuters8 hours ago

    FRONT-MONTH U.S. CRUDE FUTURES TRADE AT $1 PREMIUM TO SECOND-MONTH, THE BIGGEST SINCE OCTOBER 2014

    FRONT-MONTH U.S. CRUDE FUTURES TRADE AT $1 PREMIUM TO SECOND-MONTH, THE BIGGEST SINCE OCTOBER 2014

  • Reuters9 hours ago

    Why OPEC's new supply deal will add little oil to markets

    LONDON/VIENNA (Reuters) - The Organization of the Petroleum Exporting Countries agreed in principle on Friday to raise output enough to match a production target it introduced at the beginning of 2017, but which it has undershot ever since. Based on compliance in May, only Saudi Arabia has any real scope to add barrels and this would be to the tune of just 60,000 barrels per day, far less than it has said the market requires. OPEC will need to find a way to allow producers with spare capacity like Saudi to compensate for countries like Venezuela that do not, something Iran, for example, has opposed.

  • Reuters9 hours ago

    Why OPEC's new supply deal will add little oil to markets

    LONDON/VIENNA (Reuters) - The Organization of the Petroleum Exporting Countries agreed in principle on Friday to raise output enough to match a production target it introduced at the beginning of 2017, but which it has undershot ever since. Based on compliance in May, only Saudi Arabia has any real scope to add barrels and this would be to the tune of just 60,000 barrels per day, far less than it has said the market requires. OPEC will need to find a way to allow producers with spare capacity like Saudi to compensate for countries like Venezuela that do not, something Iran, for example, has opposed.

  • Whiting Petroleum’s Key Initiatives and Strategies for 2018
    Market Realist9 hours ago

    Whiting Petroleum’s Key Initiatives and Strategies for 2018

    In the fourth quarter of 2017, Whiting Petroleum (WLL) rolled out its key initiatives and strategy for 2018. These included its plans to implement an optimized completion strategy with a goal to maximize capital efficiency at the drilling space unit level. To achieve this goal, the company said that it would be “reorganizing” its Bakken teams to “streamline operations.”

  • Reuters9 hours ago

    Expert Views: OPEC agrees modest hike in oil supply

    (Reuters) - NITESH SHAH, DIRECTOR, RESEARCH, WISDOMTREE "OPEC has once again under-delivered. The impact should be price positive. All they agreed to was to get back to 100 percent compliance at the ...

  • TheStreet.com9 hours ago

    Crude Rises on OPEC Deal That Doesn't Specify Output Boost

    OPEC leaders agreed to boost crude production at their semi-annual meeting in Vienna Friday by making changes in compliance with previous pacts, but made no mention of the total amount of oil that would find its way to the market. Crude prices rose. Leaders from the Organisation of the Petroleum Exporting Countries, led by Saudi Arabia, the world's largest producer, and its non-member ally, Russia, pushed through an agreement that ends the group's previous pact to trim supply by 1.2 million barrels each day to "re-balance" global crude markets.

  • MarketWatch9 hours ago

    Popular oil and energy ETFs on pace for best day in weeks as oil futures surge on OPEC deal

    Popular ways to bet on energy and oil assets on Friday were on track for their best daily gains in weeks after OPEC said it reached a tentative deal to boost output, though not by as much as some had expected. The decision supported a surge in oil futures. West Texas Intermediate oil for August delivery trading on the New York Mercantile Exchange (CLQ8) the U.S. benchmark, meanwhile, was up 2.6% at $67.28 a barrel, while the international benchmark Brent was up 2% at $74.52 a barrel.

  • U.S.News & World Report9 hours ago

    How OPEC Could Impact Energy Stocks

    OPEC's meeting in Vienna on Friday could push oil prices lower as the group is expected to raise output, but the effect on stocks remains mixed. Sources with OPEC told Reuters that production is expected to increase by 1 million barrels per day, which is equivalent to 1 percent of global supply. The two-day meeting of the major oil producing countries will decide how much output will be increased.

  • Natural Gas: $3 Could Still Be a Hurdle until June 29
    Market Realist10 hours ago

    Natural Gas: $3 Could Still Be a Hurdle until June 29

    On June 14–21, natural gas’s August futures rose 0.3%, while its implied volatility rose 2.3%. Since March, these two variables have broadly diverged. Price forecast

  • Will US Crude Oil Move Sharply Due to OPEC’s Meeting?
    Market Realist10 hours ago

    Will US Crude Oil Move Sharply Due to OPEC’s Meeting?

    On June 21, US crude oil August futures fell 0.3% and closed at $65.54 per barrel. However, the United States Oil ETF (USO) rose 0.2% on that day. USO is meant to track oil futures, but it can sometimes have a tracking difference due to various factors.

  • Associated Press10 hours ago

    OPEC countries agree to oil output level that effectively increases production by almost 1 million barrels a day

    VIENNA (AP) — OPEC countries agree to oil output level that effectively increases production by almost 1 million barrels a day.