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Crude Oil Oct 21 (CL=F)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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72.43-0.18 (-0.25%)
As of 12:57AM EDT. Market open.
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  • Reuters

    Oil dips as U.S. storm-hit supply makes slow return

    SINGAPORE (Reuters) -Oil prices fell on Friday as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, but both benchmark contracts are on track to post weekly gains of around 4% as the recovery in output is seen lagging demand. U.S. West Texas Intermediate (WTI) crude futures were 18 cents, or 0.3%, lower at $72.43 a barrel, after settling unchanged on Thursday. "Oil prices are slightly softer as offshore U.S. production continues to slowly return and as return of normal across large parts of Asia hit some road bumps and as some countries still struggle to contain the delta variant spread," said Edward Moya, senior market analyst at OANDA.