CL=F - Crude Oil Oct 18

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
70.77
-0.35 (-0.49%)
As of 2:29PM EDT. Market open.
Stock chart is not supported by your current browser
Pre. SettlementN/A
Settlement Date2018-09-20
Open71.39
Bid69.10
Last Price70.80
Day's Range70.73 - 71.81
Volume20,406
Ask70.83
  • Thomson Reuters StreetEvents26 minutes ago

    Edited Transcript of TOP.BK earnings conference call or presentation 17-Aug-18 3:00am GMT

    Q2 2018 Thai Oil PCL Analyst Meeting

  • U.S. oil sanctions on Iran threaten global supplies, but a demand slowdown poses a real risk
    MarketWatch55 minutes ago

    U.S. oil sanctions on Iran threaten global supplies, but a demand slowdown poses a real risk

    There are still several weeks before U.S. sanctions on Iranian oil actually kick in, but expectations of tight crude inventories already have contributed to much of this year’s gain in global prices. The rise has come despite concerns over potentially lower energy demand and plans by two of the world’s biggest producers to boost output.

  • Crude Oil Prices Settle Lower as Trump Calls on OPEC to 'Get Prices Down'
    Investing.com1 hour ago

    Crude Oil Prices Settle Lower as Trump Calls on OPEC to 'Get Prices Down'

    Investing.com - WTI crude oil prices settled lower Thursday after President Donald Trump demanded OPEC find a way slash oil prices.

  • CNBC2 hours ago

    Trump wants OPEC to keep crude prices low — it can't do that, oil expert says

    President Donald Trump has called on OPEC to keep oil prices low. "He wants to keep pressure on his key OPEC allies like Saudi Arabia," said Helima Croft, global head of commodity strategy at RBC Capital, on CNBC's " Futures Now " on Thursday.

  • Market Realist3 hours ago

    Analyzing Natural Gas–Weighted Stocks’ Returns

    On September 12–19, our list of natural gas–weighted stocks rose 7.4%, while natural gas October futures rose 2.8%. On average, natural gas–weighted stocks outperformed natural gas futures during this period.

  • Oilprice.com3 hours ago

    Will Canada’s $30 Billion Megaproject Be Approved?

    After removing almost all obstacles, the consortium behind the $30 billion LNG Canada project is about to make a final investment decision

  • Oilprice.com4 hours ago

    European Nations Backing Hydrogen As Viable Alternative

    Despite all the buzz around electric vehicles and lithium-ion energy storage, hydrogen is seeing support grow in Asia and Europe as the automotive industry and policy makers are growing more enthusiastic about the fuel

  • MarketWatch4 hours ago

    U.S. oil futures settle lower as Trump pressures OPEC to lower prices

    Oil prices fell on Thursday after U.S. President Donald Trump, in a tweet, called on the Organization of the Petroleum Exporting Countries to lower crude prices. "The U.S. is keen to avoid the fallout from Iran sanctions," said Fiona Cincotta, senior market analyst at City Index. U.S. representatives have in separate negotiations asked the two of the largest producers, Saudi Arabia and Russia, "to keep production levels up in order to avoid a spike in prices," she said. October West Texas Intermediate oil fell 32 cents, or nearly 0.5%, to settle at $70.80 a barrel on the contract's expiration day on the New York Mercantile Exchange. November WTI , now the front-month contract, shed 45 cents, or 0.6%, to settle at $70.32.

  • Natural Gas–Weighted Stocks: Oil Could Be Important
    Market Realist4 hours ago

    Natural Gas–Weighted Stocks: Oil Could Be Important

    The natural gas–weighted stocks under review that are sensitive to US crude oil November futures’ movements based on their correlations in the last five trading sessions are: Southwestern Energy (SWN) at 96.2% Chesapeake Energy (CHK) at 75% Range Resources (RRC) at 31.6%

  • Gas-Weighted Stocks Might React to Natural Gas’s Fall
    Market Realist6 hours ago

    Gas-Weighted Stocks Might React to Natural Gas’s Fall

    On September 19, natural gas October futures fell 0.9% and settled at $2.908 per MMBtu (million British thermal units). Concerns surrounding natural gas’s demand might have dragged active natural gas futures from the highest closing level since August 23.

  • US Crude Oil above $70 Might Help Oil-Weighted Stocks
    Market Realist6 hours ago

    US Crude Oil above $70 Might Help Oil-Weighted Stocks

    On September 19, US crude oil November futures rose 1.7% and closed at $70.77 per barrel—the highest closing level for active US crude oil futures since July 13. In the last trading session, the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) rose 0.1% and 0.6%, respectively.

  • Oilprice.com7 hours ago

    Oil Prices Slip After Trump Slams OPEC On Twitter

    Oil prices fell on Thursday morning after U.S. President Donald Trump took to twitter again and lashed out at OPEC for pushing oil prices higher

  • Oil Turns Lower After Trump Demands Lower Prices
    Investing.com7 hours ago

    Oil Turns Lower After Trump Demands Lower Prices

    Investing.com - Crude prices turned lower on Thursday, after U.S. President Donald Trump took another swipe at global oil producers.

  • Reuters8 hours ago

    India may look to lock in oil futures to stem rupee slide: source

    NEW DELHI/MUMBAI (Reuters) - India's government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on Thursday, anticipating a spike when U.S. sanctions on Iran snap back again in November. The move would be another step to tackle a slide in the rupee, as oil prices are putting pressure on India, which imports some 80 percent of its crude demand. The rupee, Asia's worst performing currency this year, has depreciated about 12 percent year-to-date against the U.S. dollar, closing at 72.39 on Wednesday, after a record low of 72.99 on Tuesday.

  • Reuters8 hours ago

    COLUMN-Natural gas says it's no longer a transition fuel. It may be wrong: Russell

    Natural gas is no longer merely a transition fuel between the past of dirty coal and crude oil and the future of renewables, according to an increasingly confident cross-section of the industry. While the industry has plenty to be buoyant about, including rapid and sustained Chinese demand for liquefied natural gas (LNG) and the shale gas revolution in the United States, it is running the risk of getting ahead of itself, while ignoring the threats it faces. The idea of natural gas as a transition fuel was largely cemented by the International Energy Agency in 2011, when it published a report on what it termed the "golden age of gas," which would see demand for the fuel jump by 50 percent to become 25 percent of global energy consumption by 2035.

  • UK oil company M&A reignited by deals worth half a billion pounds
    The Telegraph10 hours ago

    UK oil company M&A reignited by deals worth half a billion pounds

    UK oil company M&A reignited by deals worth half a billion pounds

  • UK oil company M&A reignited by deals worth half a billion pounds
    The Telegraph10 hours ago

    UK oil company M&A reignited by deals worth half a billion pounds

    London-based oil companies are leading an M&A resurgence worth hundreds of millions of pounds following the summer break as oil market confidence returns. North Sea operator Verus Petroleum said it plans to scoop up its smaller rival Cieco Exploration and Production in a $400m (£301m) deal which will more double its current oil production. Meanwhile, London-listed oil and gas explorer Soco International is venturing into the Middle East with a $215m (£161m) acquisition of privately owned Egyptian explorer Merlon Petroleum. Verus said the deal will lift its daily production of North Sea oil and gas from 7,000 barrels a day to 18,000. The deal includes a 23.1pc interest in the Western Isles Development Project, a 25.8pc interest in the Hudson field, a 2pc interest in the Brent Pipeline System, and a 1.2pc stake in the Sullom Voe oil terminal. The company's Norwegian private equity backers, Hitec Vision, agreed the deal with Japanese conglomerate Itochu, which first established Cieco in the North Sea in 1992. Seperately, Soco International said it had clinched a stake in Egypt’s hydrocarbon-rich Western Desert while broadening its global footprint beyond Africa and South East Asia. The El Fayum concession, around 50 miles south-west of Cairo, could produce as much as 15,000 barrels of oil a day by 2023, compared to a 7,700 barrel daily average in the first half of this year. The deal also fulfills a long-held ambition of the company to establish a presence in low-cost areas of the Middle East. Earlier this year Soco was locked in talks with Kuwait Energy over a merger of equals but within weeks the negotiations collapsed. Soco holds mature oil and gas assets in Vietnam, Congo and Angola whereas Kuwait Energy operates assets in Iraq, Oman, Egypt and Yemen. However, the geopolitical risk surrounding its business has repeatedly scuppered its past plans to go public. The Soco deal was greeted by a share price boom in early trade, before the funding details became clear to investors. The shares were down 1.6pc at 85.20p by the afternoon. Soco plans to pay Merlon’s owners $136m in cash while the balance will be covered by issuing around 66 million new shares, representing 19.75pc of the company’s current share capital. Soco will also repay Merlon’s net debt, which stood at around $22m at the end of last year. Ed Story, Soco’s boss and a former Exxon executive, said the deal provided a high quality source of free cash flow and “a new hub for our business in Egypt”. From the Egyptian base Soco will chase “further growth not only in Egypt but also the wider Middle East and North Africa region” through further M&A deals, he said.

  • Quartz11 hours ago

    US oil giants ExxonMobil and Chevron finally join a global climate initiative—as an Indian titan exits

    The oil industry has a history of actively sowing doubts about climate science. So it was a big deal when, in 2014, a group of 10 oil companies agreed to collaborate on climate action by creating the Oil and Gas Climate Initiative (OGCI). The founding members spanned the globe, with companies based in Italy, the…

  • Reuters11 hours ago

    With copper options, China steps up challenge to London, New York rivals

    The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as the exchange also considers opening its flagship copper futures to foreign investors, and is a major step in China's prolonged effort to develop its derivatives industry. Over the past decade, the Shanghai bourse which was set up in 1999 has carved out a bigger share of the global copper futures market, challenging the London Metal Exchange's (LME) near dominance as China's economy boomed and retail investors flocked to commodities futures trading.

  • Reuters11 hours ago

    VEGOILS-Palm hits three-year low on rising output, stocks outlook

    * Palm slides for fourth consecutive session * Sept 1-20 exports jump over 70 pct on month - cargo surveyors * Indonesia palm oil output seen at multi-year high in Aug - survey (Updates with closing prices, ...

  • TheStreet.com12 hours ago

    Trump Should Pay Attention to LNG -- and His 'Energy' Donors

    When Trump announced his latest tariff measures earlier this week, China, as promised, retaliated in kind -- imposing 10% (granted not 25%) tariffs on $60 billion worth of American goods imported. There is not much that China imports from the U.S., but there is one area that can come back to haunt Trump. Included among the list of American goods was a 10% tariff on LNG imports.

  • Reuters13 hours ago

    Indonesia palm oil output seen at multi-year high in Aug, exports lower -survey

    By Bernadette Christina Munthe JAKARTA, Sept 20 (Reuters) - Indonesia's palm oil production likely rose in August from a month earlier and was at its highest level in at least four years as weather conditions ...

  • Reuters13 hours ago

    Malaysia raises Sept crude price factor to $3.90/bbl - document

    SINGAPORE, Sept 20 (Reuters) - * Malaysian state oil firm Petronas has set the September price factor for Malaysian Crude Oil (MCO) at $3.90 a barrel, up 15 cents from the previous month, according to ...

  • Reuters14 hours ago

    Indian oil refiner part-owned by Iranian company cancels Iran oil imports

    India's Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. Iran's Naftiran Intertrade Co Ltd, a trading arm for state-owned National Iranian Oil Co, owns a 15.4 percent stake in Chennai Petroleum, which has two refineries with a total combined capacity of 230,000 barrels of oil per day (bpd). In May, U.S. President Donald Trump pulled out of an international nuclear deal with Iran and announced new sanctions against the country, the third-largest producer among the Organization of the Petroleum Exporting Countries (OPEC).

  • Reuters18 hours ago

    With copper options, China steps up challenge to London, New York rivals

    The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as the exchange also considers opening its flagship copper futures to foreign investors, and is a major step in China's prolonged effort to develop its derivatives industry. Over the past decade, the Shanghai bourse which was set up in 1999 has carved out a bigger share of the global copper futures market, challenging the London Metal Exchange's (LME) near dominance as China's economy boomed and retail investors flocked to commodities futures trading.