NY Mercantile - NY Mercantile Delayed Price. Currency in USD
-0.20 (-0.49%)
At close: 9:47PM EDT
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Pre. SettlementN/A
Settlement DateN/A
Last Price0.00
Day's Range40.21 - 41.48
  • Why you'll pay a lot more for gas this Memorial Day weekend
    Autoblog16 hours ago

    Why you'll pay a lot more for gas this Memorial Day weekend

    Gallon of regular is up 25 percent on average from last year.

  • Returning to 2016 oil output levels is an option, says Russia's Novak
    Reuters34 minutes ago

    Returning to 2016 oil output levels is an option, says Russia's Novak

    Russian Energy Minister Alexander Novak said oil-exporting nations were discussing returning to production levels that were in place prior to the 2016 deal to cut output as one of the options for easing curbs, RIA news agency reported on Saturday. OPEC and non-OPEC countries will work out the parameters for easing the cuts within a month after a thorough analysis of the market, Novak was quoted as saying. "We have agreed that within a month we will additionally study this issue ... I can say that one of the options which could be considered is attaining the levels which were in place at the time of the signing of the agreement," Novak said.

  • Crude oil markets break down significantly on Friday
    FX Empire11 hours ago

    Crude oil markets break down significantly on Friday

    The crude oil markets had an extraordinarily long run to the downside during the day on Friday, slicing through major support. I believe that the markets are a bit overextended, and there is of course the fear that OPEC cuts may come undone rather soon, that of course will add more supply to the market. Beyond that, we have a strengthening US dollar working against the value of this commodity.

  • Natural Gas markets rally again on Friday
    FX Empire11 hours ago

    Natural Gas markets rally again on Friday

    The natural gas markets continue to show strength, as we have broken out of the daily uptrend channel recently, and now look to reach towards a major psychological resistance barrier.

  • CFTC: Speculators Less Bullish on Euro, Crude Oil, S&P 500
    Investing.com16 hours ago

    CFTC: Speculators Less Bullish on Euro, Crude Oil, S&P 500 - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending May 22 on Friday.

  • These Oil Stocks Fell 10% (or More) Today: Here's What You Need to Know
    Motley Fool16 hours ago

    These Oil Stocks Fell 10% (or More) Today: Here's What You Need to Know

    Word that OPEC and Russia could open up the oil spigots a little more in the near future pushed oil prices down sharply, but the oil supply and demand situation is more complex than just that.

  • Associated Press18 hours ago

    Business Highlights

    Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of times higher than typical workers. WASHINGTON (AP) -- The Trump administration has told Congress it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, said a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter.

  • Markets Right Now: Oil prices, energy companies fall sharply
    Associated Press19 hours ago

    Markets Right Now: Oil prices, energy companies fall sharply

    NEW YORK (AP) — The latest on developments in financial markets (all times local):

  • MarketWatch21 hours ago

    Chesapeake Energy's stock suffers biggest drop in 2 years, after oil prices plunge

    Trading volume reached 55.4 million shares, enough to make the stock the most actively traded on the New York Stock Exchange. The selloff would be the biggest one-day percentage decline since it tumbled 10.7% on May 9, 2016. Weighing on the oil and gas company's stock was the 4.2% plunge in crude oil futures prices , which was triggered by talk that Russia and the OPEC oil cartel could increase output.

  • Forbes21 hours ago

    Congress Challenges New 'Super OPEC'

    The Organization of the Petroleum Exporting Countries is cutting production to drive oil prices up -- classic cartel behavior.  In November of 2016, OPEC and a handful of other oil producers, including the world’s largest– Russia – reached a decision to cut 1.8 million barrels of oil per day from global output. This new “Super OPEC” – informally referred to as the “Vienna Group” - accounts for 55 percent of global oil supply and nearly 80 percent of the world’s proven reserves, which gives it tremendous market influence.

  • Investopedia22 hours ago

    8 Energy Stocks For The New Oil Boom

    Many investors are asking whether oil stocks, which have posted huge gains in the past year, have much fuel left to rise. One energy area still with huge upside may be oil refining companies. Morgan Stanley also is bullish on refiners, per Barron's, naming Marathon Petroleum Corp. ( MPC) and Valero Energy Corp. ( VLO) as its top U.S.-based picks, as well as international companies Thai Oil PCL (TOP.Thailand), Bharat Petroleum (500547.India), Repsol (REP.Spain), and Tupras Turkiye Petrol Rafinerileri (TUPRS.Turkey). Andeavor ( ANDV) has agreed to be acquired by Marathon, while Morgan Stanley also sees upside in Phillips 66 ( PSX).

  • Reuters22 hours ago

    Subtropical storm Alberto's landfall expected early next week

    U.S. Gulf of Mexico producers and refiners are monitoring subtropical storm Alberto, which is expected to make landfall between east Louisiana and the Florida panhandle early next week, the companies said on Friday. The National Weather Service on Friday predicted the storm would bring heavy rain to the central Gulf Coast region and the southeastern United States later this weekend and continue into early next week. The Louisiana Offshore Oil Port (LOOP), located about 20 miles south of the Louisiana coast in the Gulf, was operating normally, according to the company's website.

  • Oilprice.com22 hours ago

    U.S. Rig Count Rises Amid Crashing Oil Prices

    The U.S. oil and gas rig count increased for the week ending May 25th while oil prices saw a steep correction as traders reacted on bearish comments from OPEC and Russia

  • MarketWatch23 hours ago

    Drop in oil prices won’t rescue drivers from $3-a-gallon gas for Memorial Day

    The plunge in oil prices this week won’t be enough to save drivers from paying $3 a gallon as soon as this Memorial Day weekend. Prices may hit the $3 level by Memorial Day, said Patrick DeHaan, head of petroleum analysis at GasBuddy.