CL=F - Crude Oil Jul 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
52.25
-0.26 (-0.50%)
As of 5:34AM EDT. Market open.
Stock chart is not supported by your current browser
Pre. SettlementN/A
Settlement Date2019-06-20
Open52.50
Bid52.22
Last Price52.28
Day's Range52.07 - 52.74
Volume87,408
Ask52.23
  • Oil prices climb after tanker attacks stoke Middle East tensions
    Reuters6 hours ago

    Oil prices climb after tanker attacks stoke Middle East tensions

    Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week. U.S. West Texas Intermediate (WTI) crude futures were up 3 cents at $52.54 a barrel, giving up some of their earlier gains. Prices had jumped as much as 4.5% on Thursday after the attacks on two oil tankers near Iran and the Strait of Hormuz.

  • Brent Crude Holds Gains as Saudis Seek Output Cuts Deal by July
    Bloomberg3 hours ago

    Brent Crude Holds Gains as Saudis Seek Output Cuts Deal by July

    The OPEC+ coalition will probably meet in “the first week of July and that will secure the rebalancing the market as we strive for it,” Saudi Energy Minister Khalid Al-Falih said Sunday in Japan. Meanwhile, the kingdom’s crown prince joined with the U.S. to blame Iran for the latest attacks on tankers, according to an interview with Asharq Al Awsat newspaper. While OPEC+ appears to be getting closer to a deal to extend supply cuts, swelling American stockpiles and a deepening trade war between the U.S. and China continues to dent the outlook for demand.

  • Oil prices slip as economic worries outweigh tanker tensions
    Reuters8 hours ago

    Oil prices slip as economic worries outweigh tanker tensions

    Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher. U.S. West Texas Intermediate (WTI) crude futures were down 22 cents, or 0.4%, at $52.29, having firmed by 0.4% in the previous session. "China's industrial output growth (is) falling to the lowest level in 17 years amid trade tensions with the U.S. Today, oil markets will have to digest more demand concerns as India implemented retaliatory tariffs on a number of U.S. goods yesterday," consultancy JBC Energy said in a note.

  • Financial Times9 hours ago

    Singapore non-oil exports decline by most in 3 years

    Singapore’s non-oil exports continued their downward march in May, posting the third consecutive double-digit fall as the country is buffeted by trade tensions and a weakening global economic outlook.  ...

  • Tanker Attacks Could Have A Lasting Effect On Oil Prices
    Oilprice.com15 hours ago

    Tanker Attacks Could Have A Lasting Effect On Oil Prices

    After the tanker sabotage attempts in May, shipping rates and premiums are bound to increase further after the latest attacks, potentially having a lasting effect on crude oil prices

  • Investing.comyesterday

    Energy & Precious Metals - Weekly Review and Calendar Ahead

    By Barani Krishnan

  • Benzinga2 days ago

    FreightWaves Oil Report: Some Words Of Assurance On IMO 2020 Supplies From A Veteran Oil Trader

    To quickly recap the rule, it will restrict the amount of sulfur in marine fuel to 0.5 percent from the current cap of 3.5 percent. Winstone's presentation was one that a trucking company unfamiliar with all the moving parts of the refinery process would be hard-pressed to follow, as he talked about the complex price relationships among the dozens of petroleum process that come out of a refinery. Scrubbers are onboard installations that "scrub" sulfur out of emissions, enabling ships to keep burning the high sulfur fuel oil (HSFO) they're burning now and still stay in compliance with IMO 2020.

  • What Did Abraxas Petroleum Corporation's (NASDAQ:AXAS) CEO Take Home Last Year?
    Simply Wall St.2 days ago

    What Did Abraxas Petroleum Corporation's (NASDAQ:AXAS) CEO Take Home Last Year?

    Bob Watson has been the CEO of Abraxas Petroleum Corporation (NASDAQ:AXAS) since 1977. First, this article will...

  • Oil Price Fundamental Weekly Forecast – Demand Concerns Outweighing Supply Worries
    FX Empire2 days ago

    Oil Price Fundamental Weekly Forecast – Demand Concerns Outweighing Supply Worries

    Over the long-run a direct U.S.-Iran conflict would likely lead to the shutdown of the Strait of Hormuz. This poses a higher risk of oil-supply disruption, which could lead to sharply higher prices. Therefore, we may continue to see attacks, but until there is a military response to the attacks, which would lead to actual supply disruptions, any gains are likely to be limited.

  • Bloomberg2 days ago

    Saudi Arabia Seeks to Balance Global Crude Markets Before 2020

    The comments come a day after the International Energy Agency forecast global supplies will expand far more than demand next year, putting further pressure on OPEC. Saudi Arabia and its allies, including Russia, are expected to extend output cuts into the second half of this year, despite growing tension within the group and gridlock over its next meeting date. “I hope that we will balance the market before next year, we are working on it,” Khalid Al-Falih told reporters on the sidelines of a G20 ministerial meeting on energy and the environment in Karuizawa, Japan, on Saturday.

  • U.S. Dollar Index Futures (DX) Technical Analysis – Trend Changed to Up on Daily Swing Chart
    FX Empire2 days ago

    U.S. Dollar Index Futures (DX) Technical Analysis – Trend Changed to Up on Daily Swing Chart

    Based on Friday’s close at 97.065, the direction of the September U.S. Dollar Index on Monday is likely to be determined by trader reaction to the short-term Fibonacci level at 97.020.

  • Saudi energy minister says hopes to balance oil market before next year
    Reuters2 days ago

    Saudi energy minister says hopes to balance oil market before next year

    Saudi Energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year. Falih said earlier this month that the Organization of the Petroleum Exporting Countries (OPEC) was close to agreeing to extend a pact on cutting oil supplies beyond June, although more talks were still needed with non-OPEC countries that were part of the production deal.

  • Reuters3 days ago

    South Korea stops Iranian oil imports in May as sanction waivers end

    South Korea halted all imports of Iranian oil in May, customs data showed on Saturday, as waivers on U.S. sanctions against Iran ended at the start of last month. The world's fifth-largest crude oil importer was among countries granted six-month waivers by the United States in November last year, and resumed Iranian oil imports from January this year after a four-month hiatus. SK Innovation, the owner of South Korea's top refiner SK Energy and petrochemical maker SK Incheon Petrochem, said in late May that it has been replacing Iranian condensate with crude oil from other sources, including Qatar and Russia.

  • Oil Flat Despite Middle East Tensions
    Oilprice.com3 days ago

    Oil Flat Despite Middle East Tensions

    Oil markets appear to have more or less shaken off the oil tanker attacks, with most analysts returning to focus on fundamentals and the most recent rig count

  • Crude Oil Prices Rise As Talk Of Naval Tanker Escorts Adds To Risks
    Investor's Business Daily3 days ago

    Crude Oil Prices Rise As Talk Of Naval Tanker Escorts Adds To Risks

    Crude oil prices rose as the U.S. weighed tanker escorts after fresh attacks near the Strait of Hormuz, while the IEA joined OPEC in warning on oil demand. 

  • Oil Demand Takes a Hit From Cooling Economic Growth
    The Wall Street Journal3 days ago

    Oil Demand Takes a Hit From Cooling Economic Growth

    A cooling global economy could mean slower oil demand growth in 2019 even while oil producers maintain plentiful supply, the International Energy Agency said.

  • IEA Again Slashes Its Oil Demand Growth Estimate
    Market Realist3 days ago

    IEA Again Slashes Its Oil Demand Growth Estimate

    As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

  • Does Oryx Petroleum Corporation Limited's (TSE:OXC) CEO Pay Reflect Performance?
    Simply Wall St.3 days ago

    Does Oryx Petroleum Corporation Limited's (TSE:OXC) CEO Pay Reflect Performance?

    Vance Querio has been the CEO of Oryx Petroleum Corporation Limited (TSE:OXC) since 2016. First, this article will...

  • Maritime industry roiled by tanker attacks
    AFP3 days ago

    Maritime industry roiled by tanker attacks

    The tanker attacks in the Gulf have roiled the maritime industry, with key players urging restraint over fears over the safety of a key shipping lane. "We strongly call for nations to do what they can to de-escalate tensions and ensure the safe passage of merchant shipping in the Strait of Hormuz,” said Angus Frew, Secretary General & CEO of BIMCO, the world’s largest international shipping association. Two vessels were struck by explosions on Thursday after passing through the Strait some 25 nautical miles off Iran's southern coast, the second attack in a month in the strategic shipping lane -- through which nearly one-third of the world's oil is transported.

  • Ship insurance costs soar after Middle East tanker attacks
    Reuters3 days ago

    Ship insurance costs soar after Middle East tanker attacks

    Insurance costs for ships sailing through the Middle East have increased by at least 10% after attacks on two tankers in the Gulf of Oman on Thursday, with the potential for costs to rise further as regional tensions escalate, ship insurers said. The attacks have already stoked concerns about reduced flows of crude oil on one of the world's key shipping routes, pushing up oil prices by as much as 4.5%. Some tanker companies have already suspended new bookings to the Middle East Gulf.

  • Global Economy: Rising oil prices add to global economic strife
    Reuters3 days ago

    Global Economy: Rising oil prices add to global economic strife

    Escalating tension in the Middle East is driving up oil prices, a huge import cost for many economies, putting more strain on global growth already hurt by the trade war being waged by U.S. President Donald Trump and weakening consumer confidence. Crude oil prices spiked more than 4% after two oil tankers were attacked in the Gulf of Oman on Thursday, just a month after strikes on tankers in the United Arab Emirates and oil-pumping stations in Saudi Arabia. Trump, meanwhile, has been fighting a trade war against China and is beginning to turn his attention to other trading partners, a policy likely to raise the chances of a recession both at home and abroad.

  • Canadian Oil Growth at Risk of Being Stunted: Here's Why
    Zacks3 days ago

    Canadian Oil Growth at Risk of Being Stunted: Here's Why

    In spite of the rising global oil prices and Canada's vast endowments of oil and gas resources, the oil sector of the country is likely to bear the brunt of inefficient regulations and pipeline crisis.

  • EPA Reforms Pit Oil and Green Lobby Against Corn Producers
    Zacks3 days ago

    EPA Reforms Pit Oil and Green Lobby Against Corn Producers

    The agency removed the federal restriction on summer sales of E15 ethanol and came up with several structural changes to increase RIN market transparency.

  • ‘Sporadic’ attacks from Iran could spike oil prices, says US think tank
    USA TODAY3 days ago

    ‘Sporadic’ attacks from Iran could spike oil prices, says US think tank

    Oil prices rose as much as 4% on Thursday following attacks on two tanker ships off the coast of Iran, which the U.S. has blamed on Tehran.