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NY Mercantile - NY Mercantile Delayed Price. Currency in USD
58.29
+0.20 (+0.34%)
As of 9:44AM EDT. Market open.
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Pre. SettlementN/A
Settlement DateN/A
OpenN/A
Bid58.29
Last PriceN/A
Day's RangeN/A - N/A
Volume246,273
Ask58.30
  • Saudi Arabia to restore full oil output by next week - source
    Reuters

    Saudi Arabia to restore full oil output by next week - source

    Saudi Arabia has restored more than 75% of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments told Reuters on Monday. The Sept. 14 attacks on the Abqaiq and Khurais plants, some of the kingdom's biggest, caused raging fires and significant damage that halved the crude output of the world's top oil exporter, by shutting down 5.7 million barrels per day of production. Saudi Energy Minister Prince Abdulaziz bin Salman and the chief executive of state oil company Aramco, Amin Nasser, have said the output will be fully back online by the end of September.

  • The Wall Street Journal

    Iran Frees Oil Tanker Ahead of U.N. Summit---Energy Journal

    Saudi Arabian officials and Aramco executives are scrambling to fix their hobbled oil industry, which they say was hit by an Iranian attack last weekend. Iran denies its involvement, but global pressure is ratcheting up on Tehran. The U.S. has doubled down on sanctions and is sending more U.S. troops to the region.

  • Reuters

    India's August crude imports highest in 4-months, fuel imports peak

    Fuel oil imports rose to 306,000 tonnes in August, a peak since PPAC data going back to at least 2011. Diesel imports fell about 55% to their lowest since December at 51,000 tonnes. India and China are Asia's biggest importers and buy a combined 12% of the world's oil.

  • LNG prices seen wallowing at 10-year seasonal lows by year end: traders
    Reuters

    LNG prices seen wallowing at 10-year seasonal lows by year end: traders

    Asian LNG prices will likely be at their lowest, seasonally, in a decade by the end of the year as rapidly rising production outstrips feeble demand, weighed down by a global economic slowdown and the U.S.-China trade war, traders said. Most trade sources in a Reuters survey forecast spot Asian liquefied natural gas for December delivery to go no higher than $6 per million British thermal units, which would be the lowest for that month since Refinitiv began collecting such data in 2010. Six dollars per mmBtu is lower than the current price of financial LNG contracts, indicating traders see them as overvalued.

  • Reuters

    LNG prices seen wallowing at 10-year seasonal lows by year end - traders

    Most trade sources in a Reuters survey forecast spot Asian liquefied natural gas for December delivery to go no higher than $6 per million British thermal units, which would be the lowest for that month since Refinitiv began collecting such data in 2010. This rise has upended gas markets in Europe, bringing continent-wide inventories to multi-year highs. Spikes in crude oil and European gas prices over the past two weeks failed to alter the bearish mood.

  • Saudi Arabia to restore full oil output by next week: source
    Reuters

    Saudi Arabia to restore full oil output by next week: source

    Saudi Arabia has restored more than 75% of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments told Reuters on Monday. The Sept. 14 attacks on the Abqaiq and Khurais plants, some of the kingdom's biggest, caused raging fires and significant damage that halved the crude output of the world's top oil exporter, by shutting down 5.7 million barrels per day of production. Saudi Energy Minister Prince Abdulaziz bin Salman and the chief executive of state oil company Aramco, Amin Nasser, have said the output will be fully back online by the end of September.

  • Investing.com

    Oil Prices Turn Lower on Prospects for Early Saudi Output Restart

    Investing.com - Oil prices turned lower on Monday, retracing early gains following reports that top exporter Saudi Arabia is due to restore oil production as soon as next week, while signs of weakness in Europe’s economy also weighed.

  • Oil falls below $64 on prospects for Saudi output restart, economic concerns
    Reuters

    Oil falls below $64 on prospects for Saudi output restart, economic concerns

    Oil fell below $64 a barrel on Monday, reversing an earlier gain, pressured by the prospect of a faster-than-expected full restoration of Saudi oil output and by fresh signs of European economic weakness. A source, briefed on the latest developments in the Sept. 14 attack on Saudi oil facilities, told Reuters Saudi Arabia had restored around 75% of crude production lost. "Oil prices are tracking European markets lower ... understandably knocked by the woeful manufacturing data from the bloc and the implications for global growth and demand," said Craig Erlam, analyst at OANDA.

  • Like fine whisky, Texan oil exporters tout unblended crude
    Reuters

    Like fine whisky, Texan oil exporters tout unblended crude

    NEW YORK/HOUSTON (Reuters) - Decades ago, a distiller in Scotland discovered the marketing power of "single malt" whisky, untouched by blending - a technique now being embraced by sellers of Texas crude oil. The United States is selling more oil overseas than ever, and refiners in Europe and Asia are scrutinizing the quality of that oil after some shipments of U.S. crude contained impurities or contaminants that made it difficult for overseas refiners to process. Two U.S. shipments were even refused by South Korea last year.

  • Investing.com

    NewsBreak: Oil Falls on Reports Saudi Production to be Restored by Next Week

    Investing.com - Oil prices reversed gains on Monday following reports that top crude exporter Saudi Arabia is due to restore oil production as soon as next week after an attack on key output facilities earlier this month.

  • Oil prices will ease if global tensions do not flare up: Dharmendra Pradhan
    Reuters

    Oil prices will ease if global tensions do not flare up: Dharmendra Pradhan

    India's oil minister Dharmendra Pradhan said on Monday global oil prices would ease if there is no further escalation of geopolitical tensions. Oil prices had jumped by as much as 19% early last week before coming off peaks after an attack on oilfields of Saudi Arabia over the previous weekend disrupted 5% of global oil supply. The price of crude oil has already reduced by a few dollars per barrel, Pradhan said in Hindi at an industry event in New Delhi.

  • Oil steadies near $64 on hopes of full Saudi output restart
    Reuters

    Oil steadies near $64 on hopes of full Saudi output restart

    Oil stabilized near $64 a barrel on Monday, after gaining nearly 7% last week, due to prospects of a faster-than-expected full restoration of Saudi oil output and pressured by fresh signs of European economic weakness. A source, briefed on the latest developments in the Sept. 14 attack on Saudi oil facilities, told Reuters Saudi Arabia had restored around 75% of crude production lost. U.S. West Texas Intermediate was up 18 cents at $58.27.

  • Stocks sink on dismal economic data, mixed trade signals
    Reuters

    Stocks sink on dismal economic data, mixed trade signals

    Global shares sank on Monday as weaker-than-expected economic data added to investor worries over the unresolved U.S.-China trade dispute's effects on the world economy. European stock markets opened lower as surveys of purchasing managers from France, Germany, and the euro zone came in weaker than expected. Germany's DAX index hit its lowest level in nearly two weeks, down 1.35% after the euro zone data, while France's CAC 40 fell nearly 1%.

  • ‘Rogue’ Oil Trader Loses $320 Million In Massive Trading Bust
    Oilprice.com

    ‘Rogue’ Oil Trader Loses $320 Million In Massive Trading Bust

    A rogue trader working for a Singapore-based subsidiary of Japanese trading giant Mitsubishi recently booked a $320 million loss after several unauthorized derivatives trades went sour

  • Fox Business

    Saudi oil attacks hit home

    Even though the U.S. is now the biggest oil and gas producer in the world, we are not totally immune to oil disruptions in what is a global marketplace.

  • Reuters

    Malaysia keeps Oct crude palm oil export duty at zero percent

    Malaysia kept its export duty on crude palm oil for October unchanged at zero percent, according to a circular on the Malaysian Palm Oil Board's website this week, citing the national customs department. The duty has been at zero percent since September 2018. Malaysia, the world's second-largest producer of palm oil, calculated a palm oil reference price of 2,145.75 ringgit per tonne for October.

  • Are Oil Traders Already Looking Beyond The Saudi Oil Crisis?
    Oilprice.com

    Are Oil Traders Already Looking Beyond The Saudi Oil Crisis?

    After a wild week in oil markets sparked by an attack on a Saudi processing plant, crude prices have returned to relative stability

  • Crude Prices Inch Lower, but Post Weekly Gains
    The Wall Street Journal

    Crude Prices Inch Lower, but Post Weekly Gains

    Brent crude futures, the global benchmark, fell slightly on Friday, but still notched their best week since January as investors remained uneasy about supply disruptions following attacks on Saudi Arabia’s oil facilities.

  • FX Empire

    S&P 500 Weekly Price Forecast – Stock markets continue to reach towards the highs

    The S&P; 500 rallied a bit during the week but was relatively quiet as we are trying to break out to the upside. Adding more confusion to the mix is the fact that the Friday session was “quadruple witching.”

  • FX Empire

    Silver Weekly Price Forecast – Silver markets form a less than impressive candle on support

    Silver markets rally during the week but pulled back a bit as well. Ultimately, this is a market that is sitting on top of a major trend line though, so it should make for an interesting trade set up.

  • FX Empire

    Crude Oil Weekly Price Forecast – Crude oil markets gap to kick off the week

    Crude oil markets gapped higher after the Saudi drone attacks rocked the markets on Monday, but at this point it’s obvious that the negative news was overblown as it appears the production will be back to full capacity by the end of the month.

  • FX Empire

    Gold Weekly Price Forecast – Gold markets continue to look for support

    Gold markets initially fell during the week but have found a bit of support at the crucial $1500 level yet again. At this point, the question is are we going to roll over, or are we entering consolidation?