CLF19.NYM - Crude Oil Jan 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
52.62
+1.13 (+2.19%)
As of 10:45PM EST. Market open.
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Pre. SettlementN/A
Settlement Date2018-12-19
Open52.03
Bid52.61
Last Price51.49
Day's Range52.03 - 52.81
Volume41,137
Ask52.62
  • Reuters1 hour ago

    Oil extends gains after OPEC-led group seals deal to cut supply

    Oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January. International Brent crude oil futures were at $62.21 per barrel at 0218 GMT, up 54 cents, or 0.9 percent, from their last close. Prices surged on Friday after the Organisation of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers including heavyweight Russia announced they would cut oil supply by 1.2 million bpd, with an 800,000 bpd reduction planned by OPEC-members and 400,000 bpd by countries not affiliated with the group.

  • Reuters3 hours ago

    VEGOILS-Market factors to watch Dec 10

    The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures closed lower on Friday, falling for a second week, weighed ...

  • Oilprice.com4 hours ago

    OPEC+ Succeeds, What’s Next For Oil?

    OPEC and its partners managed to pull off a last minute agreement by cutting 1.2 million bpd of crude production, effectively starting January 1, but what’s next for oil markets?

  • Oil Price Fundamental Weekly Forecast – Production Cut Agreement Should Be Supportive
    FX Empire22 hours ago

    Oil Price Fundamental Weekly Forecast – Production Cut Agreement Should Be Supportive

    The technical chart pattern indicates that buying is increasing. A key fundamental obstacle is out of the way so I expect to see more short-covering and speculative buying this week. Additionally, the markets could get a boost from a weaker U.S. Dollar, which could drive up foreign demand for U.S. crude.

  • Reutersyesterday

    Libyan state oil firm scrambles to keep El Sharara oilfield open amid "occupation"

    TRIPOLI/BENGHAZI, Libya (Reuters) - Libyan state security on Saturday threatened to shut down production at the giant El Sharara oilfield but the field remains open, state oil firm NOC said, denouncing what it called an "occupation" of the 315,000 barrels-a-day facility. "The oilfield at present remains open," NOC said in a statement, after tribesmen had announced a closure of output after driving with jeeps into the field, located deep in the often lawless southern desert. A Libyan oil source said oil was still flowing from the field but this could change on Sunday if the situation continued to be tense.

  • Reuters2 days ago

    Qatar Petroleum to buy stake in ExxonMobil Mozambique blocks

    Qatar Petroleum said on Saturday it had agreed to buy a 10 percent participating interest in three of ExxonMobil's offshore exploration blocks in Mozambique's Angoche and Zambezi basins. It will be part of a consortium made up of affiliates of ExxonMobil with a 50 percent stake, Empresa Nacional de Hidrocarbonetos with 20 percent, Rosneft with 20 percent interest, and Qatar Petroleum with 10 percent. Qatar and the United States plan to strengthen "energy partnerships," the emirate's minister of state for energy affairs, Saad Al-Kaabi, said in a statement after a meeting in Doha with his U.S. counterpart Rick Perry.

  • Reuters2 days ago

    U.S. shale producers see OPEC pullback helping 2019 profits

    U.S. shale producers cheered OPEC's decision to trim output, a move that sent crude prices higher on Friday, closing at levels that oil executives said would keep their profits flowing. U.S. oil futures settled up nearly 2 percent at $52.61 on Friday after trading as much as 4.5 percent higher during the day. Prices peaked at above $76 in early October but had plummeted to about $50 ahead of this week's OPEC meeting.

  • Reuters2 days ago

    Malaysia agrees to extend its oil output cut by six months

    Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year. "Malaysia has agreed to continue its voluntary commitment by reducing its total oil output by 15,000 barrels per day," Azmin Ali, minister of economic affairs, said in a statement on Saturday.

  • Reuters2 days ago

    Oil prices climb on OPEC-led cuts, but off session highs

    Oil prices ended more than 2 percent higher on Friday after OPEC members and allies like Russia agreed to reduce output to drain global fuel inventories and support the market, but the gains were capped by concerns that the cuts would not offset growing production. This was larger than the minimum 1 million bpd that the market had expected, despite pressure from U.S. President Donald Trump to reduce the price of crude. OPEC will curb output by 800,000 bpd from January while non-OPEC allies contribute an additional 400,000 bpd of cuts, Iraqi Oil Minister Thamer Ghadhban said after the organisation concluded two days of talks in Vienna.

  • Saudi Arabia Juggles Iran and U.S. Shale to Deliver OPEC Deal
    Bloomberg2 days ago

    Saudi Arabia Juggles Iran and U.S. Shale to Deliver OPEC Deal

    It also relied, to an unprecedented extent, on Russia to broker an agreement between the Saudis and their archrivals, Iran, and acknowledged implicitly that there’s little the kingdom could do to hurt surging U.S. oil shale without causing itself pain. “Saudi economic self-interest trumps Trump,’’ said Mike Rothman, president of Cornerstone Analytics Ltd., a veteran of three decades of OPEC meetings.

  • U.S. shale producers see OPEC pullback helping 2019 profits
    Reuters2 days ago

    U.S. shale producers see OPEC pullback helping 2019 profits

    U.S. shale producers cheered OPEC's decision to trim output, a move that sent crude prices higher on Friday, closing at levels that oil executives said would keep their profits flowing. U.S. oil futures settled up nearly 2 percent at $52.61 on Friday after trading as much as 4.5 percent higher during the day. Prices peaked at above $76 in early October but had plummeted to about $50 ahead of this week's OPEC meeting.

  • OPEC Cut Throws Wrench Into Record Oil Short-Selling Streak
    Bloomberg2 days ago

    OPEC Cut Throws Wrench Into Record Oil Short-Selling Streak

    Hedge funds cut bets on rising Brent crude prices to the lowest in more than three years in the week through Tuesday as short positions increased for a 10th straight time, the longest streak on record. Then on Friday, OPEC and its allies surprised the oil market with a bigger-than-expected cut, sending futures surging and leaving money managers pressed to unwind their bearish wagers. “Now that we’ve seen this fundamental shift in the market, I would expect there to be good support down at these prices levels and lead those newly established shorts to start covering,” said Ryan Fitzmaurice, an energy strategist at Rabobank.

  • Cryptocurrency Accepted: Venezuela Will Sell Oil for Petro, Maduro Says
    CCN2 days ago

    Cryptocurrency Accepted: Venezuela Will Sell Oil for Petro, Maduro Says

    The government of Venezuela has announced that it plans to create a basket of cryptocurrencies for the oil-backed state cryptocurrency, the Petro. This initiative will allow the government to sell oil in exchange for petros and bypass US-imposed sanctions at the same time. The sale and purchase of crude oil with cryptocurrency will begin in

  • MarketWatch2 days ago

    Oil futures end higher, up more than 3% for the week

    Oil futures settled higher on Friday, tallying a gain of 3.3% for the week--their second weekly climb in a row. The Organization of the Petroleum Exporting Countries said Friday that it reached an agreement among its members to cut production by 800,000 barrels a day from October's levels. It didn't mention the level of cooperation expected from nonmember producers, including Russia, but news reports said nonmembers would cut by 400,000 barrels to lift the total output cuts to 1.2 million barrels a day. January West Texas Intermediate oil rose $1.12, or 2.2%, to settle at $52.61 a barrel on the New York Mercantile Exchange.

  • Stocks tumble, crude oil surges on OPEC deal
    Yahoo Finance Video2 days ago

    Stocks tumble, crude oil surges on OPEC deal

    No rest for a weary Wall Street. Stocks are getting crushed again. Plus, Apple is tumbles again as another bank gets bearish. It’s the call of the day. And, what does the jobs report mean for the Fed’s calculus and the markets? Plus, there’s more intrigue on the Huawei case that roiled markets this week. We have the latest. Catch The Final Round at 3:30 p.m. ET with Myles Udland and Seana Smith.

  • Oilprice.com2 days ago

    Oil Prices Hold Steady As U.S., Canadian Oil Rig Count Take Steep Dive

    Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week—a loss in rigs for the second week in a row, with a 10-rig decrease in the number of oil rigs

  • Reuters2 days ago

    TABLE-Mexico sets January Maya price for international buyers

    Mexican state-owned oil company Pemex revised its January term pricing formulas for crude oil shipped to its international customers, the company said on Friday. The following table lists the adjustments ...

  • Oil prices rise on planned Opec cuts
    BBC News2 days ago

    Oil prices rise on planned Opec cuts

    Opec and allies agree to cut oil production by more than one million barrels per day.

  • OPEC’s Cut: Will Energy ETFs Gain?
    Market Realist2 days ago

    OPEC’s Cut: Will Energy ETFs Gain?

    On November 29–December 6, major energy ETFs had the following correlations with US crude oil January futures: the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 77.6% the VanEck Vectors Oil Services ETF (OIH): 77.2% the Energy Select Sector SPDR ETF (XLE): 64% the Alerian MLP ETF (AMLP): 63.9%

  • Oilprice.com2 days ago

    Libyan Oil Production Falls 300,000 Bpd In December

    Libya’s crude oil production has fallen by about 300,000 bpd since the start of this month on the back of oil export terminal shutdowns amid harsh weather and full storage tanks

  • OPEC’s Cut: How Long Oil’s U-Turn Might Continue
    Market Realist2 days ago

    OPEC’s Cut: How Long Oil’s U-Turn Might Continue

    On December 7, a Reuters report said that Iran agreed to a 0.8 MMbpd (million barrels per day) production cut. The plan is only expected to be implemented by OPEC members in 2019. Iran might be exempt from the production cut. At 7:13 AM EST on December 7, US crude oil prices rebounded 5.7% from their intraday low.

  • Oilprice.com2 days ago

    Oil Soars After OPEC And Partners Reach Deal

    Iran and Russia fell in line with OPEC output cut plans on Friday morning, sending oil prices soaring in early day trading

  • Oil price jumps 5 per cent on reports Opec has agreed to cut production
    The Independent3 days ago

    Oil price jumps 5 per cent on reports Opec has agreed to cut production

    The price of oil jumped by as much as 5.4 per cent on Friday after it emerged that the Organisation of Petroleum Exporting Countries had agreed to reduce output by 1.2 million barrels per day. The oil producing nations had been expected to agree to a reduction in production on Thursday at its meeting in Vienna. Reaching a deal proved difficult as sanctions-hit Iran refused to comply with the output cuts, despite the input of non-Opec member Russia.

  • MarketWatch3 days ago

    Oil surges on reports of deal on OPEC production cut

    Oil futures jumped sharply Friday on news reports that indicated members of the Organization of the Petroleum Exporting Countries and its allies had agreed to a production cut. West Texas Intermediate crude for January delivery jumped $2.12, or 4.1%, to $53.61 a barrel, while the global benchmark, February Brent crude jumped $3.05, or 5.1%, to $63.11 a barrel. Some news reports said that OPEC and its allied had agreed to a 1.2 million barrel-a-day cut in output. The meeting of OPEC and non-OPEC members was still in progress, however.

  • Reuters3 days ago

    Brazil's labor court suspends deal between Petrobras and 3r Petroleum

    A Brazilian labor court suspended a deal between Petroleo Brasileiro SA and 3R Petroleum, documents seen by Reuters show. The judge said that Petrobras' board of directors approved the deal without the ...