CL=F - Crude Oil Jun 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
61.12
-2.01 (-3.18%)
As of 1:26PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2019-05-21
Open63.22
Bid61.13
Last Price62.99
Day's Range61.03 - 63.60
Volume638,662
Ask61.14
  • Marathon Petroleum Is Expected to Post the Largest Gains
    Market Realist57 minutes ago

    Marathon Petroleum Is Expected to Post the Largest Gains

    Which Refining Stocks Could Post More Gains?(Continued from Prior Part)Marathon Petroleum’s implied gainsMarathon Petroleum (MPC) is a US refiner with refining and marketing, midstream, and retail segments. The company is ranked first among the

  • Reuters2 hours ago

    U.S. crude stocks highest since July 2017 on weak refining demand -EIA

    U.S. crude oil inventories rose unexpectedly last week, hitting their highest levels since July 2017, due to weak refinery output, particularly in the Midwest, the Energy Information Administration said on Wednesday. Crude inventories rose 4.7 million barrels in the week ended May 17, compared with analysts' expectations for a decrease of 599,000 barrels. In particular, refining usage in the Midwest fell to its lowest levels in May since 2013.

  • Oilprice.com3 hours ago

    Bearish EIA Data Sends Oil Lower

    Oil fell on Wednesday morning, following a rather bearish inventory report from the EIA

  • Guyana Probes Offshore Oil Leases Controlled by Exxon, Tullow
    Bloomberg3 hours ago

    Guyana Probes Offshore Oil Leases Controlled by Exxon, Tullow

    The probe is broad in scope and is at an early “investigatory stage,” Clive Thomas, director of the the State Assets Recovery Agency, said in an interview in the seaside capital of Georgetown last week. The Stabroek, Kaieteur and Canje blocks, all operated by Exxon, will be part of the inquiry, as well as Orinduik operated by Tullow, he said. The investigation pits the administration of President David Granger against the previous government headed by Donald Ramotar, who left office in 2015.

  • Oil Prices: Will the Risk Premium Evaporate?
    Market Realist5 hours ago

    Oil Prices: Will the Risk Premium Evaporate?

    Oil Prices: Will the Risk Premium Evaporate?Oil prices and broader market divergedOn May 21, US crude oil July futures fell 0.1% and settled at $63.13 per barrel despite a 0.8% gain in the S&P 500 Index (SPY). Based on the API’s data on May

  • Reuters5 hours ago

    U.S. natural gas prices turn negative in Texas Permian shale again

    Next-day natural gas prices at the Waha hub in the Permian basin in West Texas fell below zero for the first time since early April. The last time Waha traded below zero was April 3 when it averaged a record low minus $4.28, according to data from Refinitiv. On the Intercontinental Exchange, meanwhile, Waha has been trading below zero all week.

  • In coal phase-out, Germany pledges billions to mining regions
    AFP6 hours ago

    In coal phase-out, Germany pledges billions to mining regions

    As Germany plans to shutter its coal sector, the government pledged Wednesday to pour 40 billion euros ($45 billion) into mining regions over the coming years to stimulate growth and jobs. While Germany now meets one third of its electricity needs with clean renewables such as wind, solar and biogas, it produces another third with coal, a climate killer with huge CO2 emissions. The coal phase-out has however stoked anger against Chancellor Angela Merkel's government in mining regions where the industry accounts for tens of thousands of jobs.

  • USD/CAD Daily Forecast – Loonie Spurts Down Ahead of CAD Retail Sales & FOMC Minutes
    FX Empire7 hours ago

    USD/CAD Daily Forecast – Loonie Spurts Down Ahead of CAD Retail Sales & FOMC Minutes

    Crude Prices fall to near $62.35 bbl as OPEC+ members cast contrasting comments over Oil production. Sinking USD Index drags down the Loonie to 10-days low.

  • Investing.com7 hours ago

    Crude Inventories Post Surprise 4.7M Barrel Rise; Oil Down 2%

    Investing.com - U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 4.7 million barrels last week, versus expectations for a decline of nearly 600,000 barrels, the Energy Information Administration said Wednesday.

  • Gold feels the Dollar pressure
    FX Empire9 hours ago

    Gold feels the Dollar pressure

    Current situation does not look good for the demand and in my opinion, the price of this precious metal can go significantly lower.

  • Dreams of Comoros oil boom hang on seismic survey
    AFP14 hours ago

    Dreams of Comoros oil boom hang on seismic survey

    For years, the Comoros islands off the east coast of Africa have dreamt of an oil or gas strike -- now the first planned seismic survey could reveal if the poverty-stricken nation's hopes are about to come true. The possibility of a lucrative resources boom has gripped Comoros for seven years after then-president Ikililou Dhoinine awarded a batch of offshore oil and gas exploration permits. The arrival last year of Tullow Oil changed the game, as the British company boosts a strong record striking deposits in Ghana, Uganda and Kenya.

  • Rigzone.com18 hours ago

    Oil Heads for Biggest Drop in 2 Weeks

    Oil headed for its biggest drop in two weeks as signs the worsening U.S.-China trade war will take a toll on global economic growth overshadowed the prospect of OPEC+ extending output curbs.

  • Oilprice.com19 hours ago

    The Fear Driven Oil Price Rally Won’t Last

    Oil prices have risen on tensions in the Middle East, but the geopolitical risk premium in oil markets might not last

  • Oil & Gas Stock Roundup: Equinor's GoM Boost, Schlumberger's Asset Sale & More
    Zacks20 hours ago

    Oil & Gas Stock Roundup: Equinor's GoM Boost, Schlumberger's Asset Sale & More

    Norway's Equinor (EQNR) acquired an additional 22.45% stake in GoM's Caesar Tonga oilfield, while energy services behemoth Schlumberger (SLB) sold several drilling assets for $400 million.

  • MarketWatch21 hours ago

    Oil prices down as API data reportedly show an unexpected weekly climb in U.S. crude supply

    The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 2.4 million barrels for the week ended May 17, according to sources. The API also reportedly showed a stockpile increase of 350,000 barrels in gasoline, but distillate supplies fell by 237,000 million barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories declined by 2 million barrels last week, according to a survey of analysts conducted by S&P Global Platts. It also forecast a supply climb of 1 million barrels for gasoline and a decline of 1 million barrels for distillates. July West Texas Intermediate crude was at $62.99 a barrel in electronic trading, down from the contract's $63.13 settlement on the New York Mercantile Exchange.

  • Forex Daily Recap – RBA Minutes Hinted for a Rate Cut Triggering Heavy Selling in the Aussie Pair
    FX Empireyesterday

    Forex Daily Recap – RBA Minutes Hinted for a Rate Cut Triggering Heavy Selling in the Aussie Pair

    Crude Oil WTI Futures continued to climb the ladder amid OPEC-led supply cut fears. PM May stated that she will give MPs last chance to back her “new improvised deal”. EUR/USD pair uplifted on USD plunge.

  • E-mini S&P 500 Index (ES) Futures Technical Analysis – Caught Between 50% Levels at 2844.00 and 2880.50
    FX Empireyesterday

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Caught Between 50% Levels at 2844.00 and 2880.50

    Based on the earlier price action, the direction of the June E-mini S&P 500 Index into the close is likely to be determined by trader reaction to the downtrending Gann angle at 2849.25. Currently, the market is trading on the bullish side of this angle.

  • How to Invest in Shipping Stocks
    Motley Foolyesterday

    How to Invest in Shipping Stocks

    A deep dive into the marine shipping industry.

  • Crude Oil Price Forecast – Crude oil markets continue to struggle at resistance
    FX Empireyesterday

    Crude Oil Price Forecast – Crude oil markets continue to struggle at resistance

    Crude oil markets tried to rally during the trading session on Tuesday, but it is looking very likely that we are going to continue to see a lot of selling just above. If that’s going to be the case we may be trying to carve out another short-term range.

  • Natural Gas Price Forecast – Natural gas markets fall for the day on Tuesday
    FX Empireyesterday

    Natural Gas Price Forecast – Natural gas markets fall for the day on Tuesday

    The natural gas markets fell doing the trading session on Tuesday, as the markets continue to drift lower overall. The supply issue always favor selling as there is far too much in the way of proven natural gas reserves. Even if storage drops, the reality is that the drillers will simply fill those tanks back up.

  • Reutersyesterday

    W. Africa Crude-Sonangol said to finalise July term allocations

    Angolan state oil company Sonangol has finalised its allocations of July-loading crude to term buyers, traders said on Tuesday, while the number of unsold Nigerian June cargoes was dwindling. * Sonangol has allocated all of its July-loading cargoes to term buyers and still has a cargo of Mostarda available, a trader said, which is being offered. * Dalia: Sonangol sold a cargo of this grade in a tender, due to high demand, a trader said.

  • Oilprice.comyesterday

    Oil Stabilizes Ahead Of Weekly Inventory Data

    Oil prices held steady on Tuesday morning, ahead of weekly inventory data, as OPEC hinted at an extension of the current output cuts

  • Reutersyesterday

    Exclusive: Russian pipeline restart hit by dirty oil evacuation problems

    Hopes for a speedy resumption of oil exports from Russia to Poland and Germany along the Druzhba pipeline route are fading after plans to remove dirty oil from the pipeline had a major setback last week, three trading sources said. Russia halted oil flows along the pipeline to Eastern Europe and Germany in April because of contaminated crude, leaving refiners in Europe scrambling to find supplies. Under the restart plan, Total was due to take the lion's share of the dirty oil into its Leuna refinery in Germany to dilute and process it there, sources said.

  • Reutersyesterday

    Factbox: Russian oil flows to Europe drop amid contamination

    Oil at the port of Ust-Luga was also contaminated. At least 5 million tonnes of oil, or about 36.7 million barrels, have been contaminated by organic chloride, a chemical compound used to boost oil extraction by cleaning wells and accelerating the flow of crude. The compound must be removed before oil is sent to customers because it can destroy refining equipment.