CLQ19.NYM - Crude Oil Aug 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
55.74
+0.44 (+0.80%)
At close: 4:59PM EDT
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Pre. SettlementN/A
Settlement Date2019-07-22
Open55.72
Bid54.95
Last Price55.30
Day's Range54.99 - 56.36
Volume72,057
Ask56.64
  • Iran Seizes British-Flagged Oil Tanker
    The Wall Street Journal16 hours ago

    Iran Seizes British-Flagged Oil Tanker

    Iranian forces seized a British-flagged oil tanker in the Strait of Hormuz, as mounting tensions between Tehran and the West risked further disruption of commercial shipping in the strategically vital waterway.

  • Top Oil Stocks for January 2019
    Investopedia19 hours ago

    Top Oil Stocks for January 2019

    Here is a look at the top-performing individual oil companies with market caps of at least $10 billion.

  • Persian Puzzle for Oil Prices
    The Wall Street Journal20 hours ago

    Persian Puzzle for Oil Prices

    On the one hand, the White House has to be pleased about the oil market’s mild reaction to a series of incidents this week involving Iran. On a deeper level, though, it should be concerned.

  • Oilprice.comyesterday

    IEA: Don’t Expect Oil Prices To Go Much Higher

    Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much, barring serious escalations in geopolitical tensions, Fatih Birol, the executive director of the International Energy Agency, said on Friday

  • Abraxas Petroleum Corporation (NASDAQ:AXAS) Earns Among The Best Returns In Its Industry
    Simply Wall St.yesterday

    Abraxas Petroleum Corporation (NASDAQ:AXAS) Earns Among The Best Returns In Its Industry

    Today we'll evaluate Abraxas Petroleum Corporation (NASDAQ:AXAS) to determine whether it could have potential as an...

  • Market Realistyesterday

    IEA Doesn’t See Any Large Upside in Crude Oil

    According to the IEA, any large upside in crude oil prices isn't likely due to a possible economic slowdown dragging the demand and rising oil exports.

  • Buy 5 Top Oil Stocks Ahead of Q2 Earnings on Iran Conflict
    Zacksyesterday

    Buy 5 Top Oil Stocks Ahead of Q2 Earnings on Iran Conflict

    Disturbances in Iran intensified on Jul 18 after President Donald Trump declared that the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz in a defensive action.

  • Indian utilities' coal imports in first half of 2019 rise over 53% from year ago
    Reutersyesterday

    Indian utilities' coal imports in first half of 2019 rise over 53% from year ago

    Coal imports by Indian coal utilities during the first half of 2019 rose 53.4% from a year earlier to 35.47 million tonnes, data provided by India's Central Electricity Authority (CEA) showed. Demand for seaborne coal imports in India has risen because of a fast rising population and the unavailability of alternative fuels such as natural gas. Imports for power plants at the port of Mundra, in western India's state of Gujarat, made up 42% of all imports by Indian utilities during the first half of 2019.

  • Reutersyesterday

    Indian utilities' coal imports in H119 rise over 53% from year ago

    Coal imports by Indian coal utilities during the first half of 2019 rose 53.4% from a year earlier to 35.47 million tonnes, data provided by India's Central Electricity Authority (CEA) showed. Demand for seaborne coal imports in India has risen because of a fast rising population and the unavailability of alternative fuels such as natural gas. Imports for power plants at the port of Mundra, in western India's state of Gujarat, made up 42% of all imports by Indian utilities during the first half of 2019.

  • Exclusive: Italian, Chinese majors vie in Pakistan's mega LNG tender
    Reutersyesterday

    Exclusive: Italian, Chinese majors vie in Pakistan's mega LNG tender

    LONDON/SINGAPORE (Reuters) - Italian oil major Eni, China's overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in one of the largest tenders ever worth billions of dollars, two sources familiar with the matter said on Friday. The 240-cargo 10-year tender, which is likely to be worth from $5 billion to $6 billion according to Reuters calculations and the estimates of another source based on current market conditions, was issued last month and closed on Thursday. Pakistan is expected to be a significant growth driver in global LNG demand, with Wood Mackenzie estimating the country will need 25 million tonnes a year as domestic supplies dwindle and its economy grows.

  • IEA does not expect 'huge increase' in crude prices: executive director
    Reutersyesterday

    IEA does not expect 'huge increase' in crude prices: executive director

    The International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday. "Prices are determined by the markets...If we see the market today we see that the demand is slowing down considerably," said IEA's Fatih Birol, in public comments made during a two-day energy conference in New Delhi. The IEA is revising its 2019 global oil demand growth forecast down to 1.1 million barrels per day (bpd) and may cut it again if the global economy and especially China shows further weakness, Birol told Reuters in an interview on Thursday.

  • Oil climbs as Middle East tensions offset demand worries
    Reutersyesterday

    Oil climbs as Middle East tensions offset demand worries

    Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the United States and Iran, even as concerns that slowing economic growth could dent global oil demand cast a cloud. For the week, benchmark crude prices declined, having fallen sharply earlier in the week on demand worries. Prices gained late in the session after Iran's Revolutionary Guards said they had captured a British-flagged oil tanker in the Gulf after Britain seized an Iranian vessel earlier this month, further raising tensions along a vital international oil shipping route.

  • Investing.comyesterday

    Oil Prices Jump as U.S. Navy Shoots Down Iranian Drone

    Investing.com - Oil prices jumped on Friday in Asia after the U.S. reportedly shot down an Iranian drone in the Strait of Hormuz in what Trump described as "defensive action".

  • Is Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited's (HKG:1938) CEO Paid At A Competitive Rate?
    Simply Wall St.2 days ago

    Is Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited's (HKG:1938) CEO Paid At A Competitive Rate?

    David Chen is the CEO of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (HKG:1938). This analysis aims...

  • Fox Business2 days ago

    Strait of Hormuz is drone and tanker battleground, yet oil prices unfazed

    Drone shoot downs and seized tankers escalate in the Strait of Hormuz.

  • Oil Prices Continue Lower Despite U.S. Downing of Iranian Drone
    Bloomberg2 days ago

    Oil Prices Continue Lower Despite U.S. Downing of Iranian Drone

    (Bloomberg) -- The downing of an Iranian drone in the Strait of Hormuz wasn’t enough to lift oil prices, which slid to the lowest in almost a month amid pessimism about the global economy.Futures tumbled 2.6% on Thursday in New York, the fourth consecutive daily loss. Prices managed to climb about 60 cents after President Donald Trump said the U.S. had downed an Iranian drone in the Persian Gulf, but even that wasn’t enough to push the market up. Instead, crude joined a decline for tech and consumer stocks amid a spate of disappointing corporate earnings, alongside signs that Beijing and Washington are making little progress on a trade deal.Russian pipeline operator Transneft PJSC, meanwhile, said it resumed full flows from the country’s largest crude producer, Rosneft PJSC, after imposing restrictions due to contamination concerns.“The market is waking up to the fact that global oil demand is wilting and the possible prompt that could improve the situation is still remote,” said Judith Dwarkin, chief economist at Calgary-based consultant RS Energy. “There’s been no improvement in the U.S.-China trade dispute even though they say they are coming back to the table.”Oil has fallen about 8% since Monday, on track for its worst weekly performance since late May. The specter of a renewed U.S.-China conflict dented the demand outlook, while American fuel stockpiles jumped. That’s overshadowed worries that Iran may shut down the Strait of Hormuz, a key chokepoint for much of the world’s oil shipments.West Texas Intermediate for August delivery closed down $1.48 to $55.30 on the New York Mercantile Exchange, falling to the lowest since June 19. It was at $55.63 at 4:05 p.m., after Trump announced the drone incident.September Brent lost $1.73 to close at $61.93 a barrel on the ICE Futures Europe Exchange, before rebounding to $62.44.In an interview with Bloomberg Wednesday, Iran’s Foreign Minister Javad Zarif said the U.S. “shot itself in the foot” by pulling out of its nuclear accord with his nation. Crude briefly rallied on Thursday after Iran confirmed the seizure of an oil tanker in the Persian Gulf this week.Iran’s state-run Press TV news channel later aired footage of a tanker that disappeared from global satellite tracking systems four days ago. The ship was smuggling fuel out of the country, the Iranian Revolutionary Guard Corps said.(An earlier version of this story misspelled the name of RS Energy’s chief economist.)\--With assistance from Sharon Cho and James Thornhill.To contact the reporters on this story: Alex Nussbaum in New York at anussbaum1@bloomberg.net;Alex Longley in London at alongley@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Carlos Caminada, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Oil Drops to One-Month Low on Demand Concerns
    The Wall Street Journal2 days ago

    Oil Drops to One-Month Low on Demand Concerns

    Oil prices fell to a one-month low as concerns about demand outweighed potential supply risks.

  • Gibraltar, Iran officials hold talks on seized oil tanker
    AFP2 days ago

    Gibraltar, Iran officials hold talks on seized oil tanker

    Gibraltar's Chief Minister Fabian Picardo said Thursday he had a "constructive and positive" meeting with Iranian officials in London aimed at defusing tensions around an oil tanker carrying Iranian oil being held in the British territory's waters. In a statement, Picardo's government said the meeting took place on Wednesday and to discuss the continued detention of the Grace One tanker "and to seek to de-escalate all aspects of the issues arising". It did not identify which Iranian officials participated.

  • Exclusive: IEA revising oil demand growth forecast down on slowing economy
    Reuters2 days ago

    Exclusive: IEA revising oil demand growth forecast down on slowing economy

    The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday. The IEA is revising its 2019 global oil demand growth forecast to 1.1 million barrels per day (bpd) and may cut it again if the global economy and especially China shows further weakness, Fatih Birol said. Last year, the IEA predicted that 2019 oil demand would grow by 1.5 million bpd but had cut the growth forecast to 1.2 million bpd in June this year.

  • Investors Who Bought BNK Petroleum (TSE:BKX) Shares Five Years Ago Are Now Down 84%
    Simply Wall St.2 days ago

    Investors Who Bought BNK Petroleum (TSE:BKX) Shares Five Years Ago Are Now Down 84%

    Some stocks are best avoided. It hits us in the gut when we see fellow investors suffer a loss. Spare a thought for...

  • Iran Guards seize 'foreign tanker' accused of fuel smuggling
    AFPyesterday

    Iran Guards seize 'foreign tanker' accused of fuel smuggling

    Iran's Revolutionary Guards said Thursday they had detained a "foreign tanker" and its crew for allegedly smuggling fuel, in the latest incident to send tensions soaring in the Gulf. The announcement follows Iran saying it had come to the aid of a foreign tanker after receiving a distress call -- making no mention of the vessel being seized. The Guards did not confirm whether the vessel they detained Sunday in the strategic Strait of Hormuz was the same ship as that mentioned Tuesday by the foreign ministry.

  • What Can We Make Of Seplat Petroleum Development Company Plc’s (LON:SEPL) High Return On Capital?
    Simply Wall St.2 days ago

    What Can We Make Of Seplat Petroleum Development Company Plc’s (LON:SEPL) High Return On Capital?

    Today we are going to look at Seplat Petroleum Development Company Plc (LON:SEPL) to see whether it might be an...

  • Investing.com2 days ago

    Oil Slumps Almost 3% As Trump Tries Peace With Iran

    By Barani Krishnan