CL=F - Crude Oil Oct 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
54.60
+0.43 (+0.79%)
As of 6:14AM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2019-09-20
Open53.25
Bid54.62
Last Price54.17
Day's Range52.96 - 55.00
Volume199,271
Ask54.63
  • Caught in tariff war, Sinopec seeks waiver for imported U.S. oil: sources
    Reuters

    Caught in tariff war, Sinopec seeks waiver for imported U.S. oil: sources

    China Petroleum & Chemical Corp, or Sinopec, is seeking a tariff exemption for U.S. oil being imported in coming months, sources familiar with the matter said, after Beijing late last week imposed retaliatory tariffs on U.S. goods, including crude oil. The largest refiner in Asia is expected to receive four supertankers carrying 8 million barrels of U.S. crude at Tianjin in September and October, according to the sources, data from analytics companies Refinitiv and Kpler.

  • Iran says it has sold oil from ship freed by Gibraltar
    AFP

    Iran says it has sold oil from ship freed by Gibraltar

    Iran said on Monday it had sold the oil aboard a tanker that was released this month after being detained for six weeks by the British overseas territory of Gibraltar. The Adrian Darya 1, formerly named the Grace 1, was seized by Gibraltar police and British special forces on July 4 on suspicion of shipping oil to Syria in breach of European Union sanctions. "The Islamic Republic of Iran has sold the oil of this ship and right now the owner and buyer of the oil decides... what the destination of the consignment will be," Iranian government spokesman Ali Rabiei said, quoted by state media.

  • Mooncakes Are Boosting the Demand for Palm Oil
    Bloomberg

    Mooncakes Are Boosting the Demand for Palm Oil

    (Bloomberg) -- China’s escalating trade war with the U.S. as well as an upcoming autumn festival are stoking the Asian country’s appetite for a certain golden oil.The world’s top commodity importer almost tripled palm oil imports from Malaysia during the first 25 days of this month as deepening trade tensions with the U.S. lower supplies of soybean oil, sending buyers hunting for an alternative. That’s just as consumption increases ahead of the Mid-Autumn festival, celebrated on Sept. 13 this year, where palm is a key ingredient in fried foods and seasonal treats such as mooncakes.Palm oil shipments from Malaysia, the world’s second-biggest producer, to China surged 177% from a month earlier to 265,045 tons between Aug. 1-25, according to cargo surveyor Intertek Testing Services. China may import a record 6.7 million tons of the world’s most-consumed cooking oil in the year from October, according to the China National Grain and Oils Information Center, as the trade war and the spread of African swine fever curtail supplies of soybeans, leading to lower output in soyoil.“Soybean oil inventories have dropped in China so they must be having an edible oil shortage,” said Sathia Varqa, owner of Palm Oil Analytics in Singapore.“There’s no where to turn except to the golden oil palm.”A jump in exports could further support benchmark palm oil prices in Malaysia, which climbed to a six-month high on Monday on expectations of a boost in demand. Still, Varqa warns that a further price rally risks eroding China’s appetite for the Malaysian product.“Indonesia has a bigger market share and is cheaper, so it may still dominate China’s demand.” Varqa saidTo contact the reporter on this story: Anuradha Raghu in Kuala Lumpur at araghu3@bloomberg.netTo contact the editors responsible for this story: Anna Kitanaka at akitanaka@bloomberg.net, Atul PrakashFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Rigzone.com

    Oil Pares Losses After Trump China Comment

    Oil pared losses after U.S. President Donald Trump said that China wanted to restart trade talks.

  • Reuters

    RPT-China's July crude oil imports from Malaysia near record - customs

    SINGAPORE/BEIJING, Aug 25 (Reuters) - China's crude oil imports from Malaysia stood near record levels in July, customs data showed, with traders and a tanker-tracking analyst citing oil either transshipped from Venezuela or blended with Venezuelan crude for the unusual growth. Crude imports from Malaysia rose to 1.35 million tonnes last month, more than double from a year earlier, data from China's General Administration of Customs showed on Sunday. Emma Li, analyst with Refinitiv Oil Research, estimated that about 500,000 tonnes of the Malaysian supplies arriving in July were transshipped from Venezuelan crude supplied by Russian state oil firm Rosneft.

  • Oilprice.com

    Will China, Russia Defy U.S. Sanctions To Fund Iranian Oil Projects?

    As U.S. sanctions continue to weigh on Iran’s oil sector, Tehran is courting two countries with a rocky relationship with Washington to secure new investments

  • Electric-Vehicle Shift Will Keep a Lid on Oil Prices
    The Wall Street Journal

    Electric-Vehicle Shift Will Keep a Lid on Oil Prices

    The world may be moving away from gas guzzlers quicker than planned. Oil prognosticators should take note.

  • USA TODAY

    Why oil price swings won't burn America's economy or your 401(k)

    Oil prices spiked as Iran seized a British oil tanker in the Strait of Hormuz last month. But don't worry too much it will wreck the economy.

  • Oil Price Fundamental Weekly Forecast – Expect Lower Demand Growth as US-China Trade War Escalates
    FX Empire

    Oil Price Fundamental Weekly Forecast – Expect Lower Demand Growth as US-China Trade War Escalates

    The biggest concern for traders is the escalation of the U.S.-China trade dispute that will likely lead to further downward revisions in U.S. and global oil demand growth.

  • The US says China is blocking $2.5 trillion in South China Sea oil and gas
    Quartz

    The US says China is blocking $2.5 trillion in South China Sea oil and gas

    Tensions surrounding the South China Sea have always been largely about oil and natural gas. This week, the US State Department used blunt language regarding China’s unsettling actions within Vietnam’s exclusive economic zone (EEZ), which include ongoing seismic surveys by a Chinese vessel protected by armed escorts. Under international UN rules, resources within the zone belong to Vietnam, but China’s “nine-dash line”—a vague, discredited borderline used by Beijing to claim nearly the entire sea—overlaps with it.

  • Oilprice.com

    Authorities Bust Illegal Crypto-Mining Lab In Nuclear Power Plant

    Ukrainian Security Service operatives discovered engineers using a state-run nuclear power plant’s supercomputer to mine cryptocurrencies

  • Putin orders review of Russian coal mining tax
    Reuters

    Putin orders review of Russian coal mining tax

    Russian President Vladimir Putin has asked the government to review a mineral extraction tax for the Russian coal industry by Oct. 31, instructions published by the Kremlin showed on Saturday. Russia is the world's third largest coal exporter after Australia and Indonesia. Putin has been a proponent of further expansion of the country's export infrastructure and seeking new coal markets, with China seen as a particularly important customer.

  • Oil Slides as Latest China Tariffs Reignite Demand Fears
    The Wall Street Journal

    Oil Slides as Latest China Tariffs Reignite Demand Fears

    Oil prices fell after China said it would impose tariffs on $75 billion worth of additional U.S. products including crude imports and President Trump said he would respond, the latest trade developments that investors fear could crimp fuel consumption.

  • Gold Price Prediction – Gold Breaks Out Following Trump Tweets
    FX Empire

    Gold Price Prediction – Gold Breaks Out Following Trump Tweets

    Gold prices close at a 6-year high

  • Silver Price Forecast – Silver markets take off on Friday
    FX Empire

    Silver Price Forecast – Silver markets take off on Friday

    Silver markets continue to show signs of strength during the day on Friday, using the $17.00 level as a launching point. All things being equal, this is a nice uptrend that should continue to show itself, but we are running into a bit of resistance.

  • Oil dragged into U.S.-China trade war, prices slump
    Reuters

    Oil dragged into U.S.-China trade war, prices slump

    China threatened to impose tariffs on U.S. crude oil for the first time in the escalating bilateral trade war, sending prices to two-week lows on Friday as that compounded worries about a slowdown in global oil demand. China said crude would be among the U.S. products hit by tariffs of 5% as of Sept. 1. U.S. President Donald Trump said he would offer a response later on Friday.

  • GBP/USD Price Forecast – British pound continues to show volatility
    FX Empire

    GBP/USD Price Forecast – British pound continues to show volatility

    The British pound has gone back and forth during trading on Friday, as we continue to see a lot of volatility in Sterling. Quite frankly, there is nothing on the horizon that looks like the Brexit is going to be salt, so this should offer a nice selling opportunity at higher levels.

  • EUR/USD Price Forecast – Euro continues to grind lower overall
    FX Empire

    EUR/USD Price Forecast – Euro continues to grind lower overall

    The Euro continued to reach lower levels during the trading session on Friday, as we have continued to see a bit of negativity in the Euro, but with Jerome Powell getting ready to release a speech in Wyoming, we could see a bit of a short-term reaction.

  • Court affirms alternative Keystone XL oil pipeline route through Nebraska
    Reuters

    Court affirms alternative Keystone XL oil pipeline route through Nebraska

    CALGARY, Alberta/WASHINGTON (Reuters) - A court in Nebraska on Friday affirmed an alternative route through the Midwest state for TC Energy Corp's Keystone XL oil pipeline in the latest chapter in the nearly 10-year legal fight over the Canada to Texas pipeline. The ruling lifts one of the last outstanding legal challenges facing the controversial project, which would ship 830,000 barrels per day (bpd) of crude from the Canadian oil marketing hub of Hardisty, Alberta, to Steele City, Nebraska, where it would link into an existing pipeline network feeding oil refineries on the Gulf Coast. A judge in Montana has scheduled a hearing for Oct. 9 on a request from environmental groups to block the federal permit issued by U.S. President Donald Trump allowing the pipeline to cross the U.S.-Canadian border.

  • Do Insiders Own Lots Of Shares In BNK Petroleum Inc. (TSE:BKX)?
    Simply Wall St.

    Do Insiders Own Lots Of Shares In BNK Petroleum Inc. (TSE:BKX)?

    If you want to know who really controls BNK Petroleum Inc. (TSE:BKX), then you'll have to look at the makeup of its...

  • Oilprice.com

    Oil Prices Plunge As China Retaliates With Tariffs On U.S. Goods

    China sent oil prices diving on Friday morning after it announced a $75 billion in new tariffs on American goods

  • Barrons.com

    Gas Prices Are Falling Just in Time For Labor Day

    Prices at the pump in the U.S. are declining, and have the potential to drop 10% or more before the end of the year.

  • USD/CAD Daily Forecast – Traders Eye Fed’s Chief Powell’s Speech
    FX Empire

    USD/CAD Daily Forecast – Traders Eye Fed’s Chief Powell’s Speech

    Market attention might stay over Canadian June MoM Retail Sales figures. On the daily chart, ATR depicted 66 pips volatility forecast for the day.

  • E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Line in the Sand for Traders is 26494
    FX Empire

    E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Line in the Sand for Traders is 26494

    Based on the early price action and Thursday’s close at 26225, the direction of the September E-mini Dow Jones Industrial Average on Friday is likely to be determined by trader reaction to the short-term 50% level at 26215.