CL=F - Light Sweet Crude Oil Futures,D
| Pre. Settlement | N/A |
| Settlement Date | 2018-11-19 |
| Open | 58.88 |
| Bid | 59.19 |
| Last Price | 59.93 |
| Day's Range | 58.85 - 59.23 |
| Volume | 20,400 |
| Ask | 59.20 |
- Yahoo Finance Video•11 hours ago
Stocks plunge as oil prices climb after weeks of losses, Edison International suffers amid California wildfire
Yahoo Finance's LIVE market coverage and analysis, beginning each day at 11:30 a.m. ET.
- Oilprice.com•4 hours ago
What’s Behind China’s Record Oil Imports?
Oil markets largely ignored record Chinese crude oil import data, driven by U.S. sanctions on Iran and falling legacy production in domestic fields
- Motley Fool•4 hours ago
OPEC to the Oil Market: We Told You So
The group of oil-producing nations warned the market that it was worried about the wrong thing.
Bloomberg•7 hours agoTrump’s Tweet Makes OPEC Cuts Even More Likely
You go to the trouble of organizing a big get-together in Abu Dhabi to help shore up oil prices, complete with press conferences and the usual nod-and-a-wink guidance. President Donald Trump rebuts it with a tweet. More importantly, it comes after oil prices have already dropped by about $15 a barrel, almost a fifth, over the past month or so to around $70.
Bloomberg•7 hours ago‘Double Whammy’ of Cuts and Price Collapse Hits Canada’s Oil Patch
“The differentials are holding to modestly improving but the global prices are sliding,” Kevin Birn, a director on the North American crude oil markets team at IHS Markit, said in a phone interview. Oil sands producers including Canadian Natural Resource Ltd., Devon Energy Corp., Cenovus Energy Inc. and Athabasca Oil Corp. have announced curtailments that may total 140,000 barrels a day or more, after a localized glut sent heavy Western Canada Select crude plunging to a $50 discount to West Texas Intermediate futures, the widest in Bloomberg data going back a decade.
Bloomberg•8 hours agoSaudis See Need for Major Oil Supply Cut Amid Fears of Glut
Producers need to cut about 1 million barrels a day from October production levels, Saudi Energy Minister Khalid Al-Falih said in Abu Dhabi on Monday. The kingdom will reduce shipments by about half that amount next month, making its second policy U-turn after a summer surge in prices was followed by a swift collapse into a bear market this month. “This announcement of at least Saudi Arabia reducing probably will firm the price,” BP Chief Executive Officer Bob Dudley said in a Bloomberg television interview.
- Barrons.com•10 hours ago
Oil Prices Have Tumbled, but the Bear Market Didn’t Solve This Big Problem
Brent and West Texas Intermediate futures have bounced 1.2% on Monday, to $71 and $61 per barrel, respectively. Much attention has been focused on the sharp decline in crude prices, inciting concerns about what that might be signaling about macroeconomic growth, but prices coming down might have more to do with reversion to the mean than indication of a coming crisis, writes Parag Thatte, a Deutsche Bank strategist. “...Beginning in April, oil prices began rising as the market focused on diminished supply first from Venezuela and then Iran as the U.S. pulled out of the nuclear deal,” he writes.
- Market Realist•11 hours ago
Which Oil ETFs Fell Less than Oil Last Week?
On November 2–9, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 4.6% and 3.8%, respectively. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 9%. These ETFs track US crude oil futures.
- Simply Wall St.•13 hours ago
What Did Condor Petroleum Inc’s (TSE:CPI) CEO Take Home Last Year?
In 2008 Don Streu was appointed CEO of Condor Petroleum Inc (TSE:CPI). First, this article will compare CEO compensation with compensation at similar sized companies. Next, we’ll consider growth that Read More...
Market Realist•14 hours agoUS Crude Oil Could Reach Its 2018 Low Next Week
On November 8, US crude oil’s implied volatility was 30.8%—12.8% above its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the following graph. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 131.5%. Crude oil’s implied volatility has fallen ~59% since February 11, 2016.
- Investing.com•19 hours ago
Oil Prices Up More than 1% as Saudi Arabia Announce Cut in Supply
Investing.com - Oil prices gained more than 1% on Monday following reports that Saudi Arabia announced plans to cut oil output from December.
- Reuters•yesterday
Big Oil spent 1 percent on green energy in 2018
Companies such as Royal Dutch Shell, Total and BP have in recent years accelerated spending on wind and solar power as well as battery technologies, seeking a larger role in global efforts to slash carbon emissions to battle global warming. Investors in recent years ratcheted up pressure on boards of fossil fuel companies including Exxon Mobil, the world's largest publicly-traded oil company, to reduce emissions, spend more on low-carbon energy and increase disclosure on climate change. "With less domestic pressure to diversify, U.S. companies have not embraced renewables in the same way as their European peers," CDP said in a report.
- Oilprice.com•yesterday
The New Bear Market In Oil
Many factors that boosted oil to $80 have now reversed and have dragged WTI crude below $60, the lowest price level in nearly a year
Bloomberg•yesterdayOil Stems Bear Market Collapse as OPEC+ Move Closer to Cuts
Key InsightsOil has collapsed into a bear market in little more than a month, and pressure is mounting on the OPEC+ group to act sooner than their policy meeting in December.Saudi Arabia will export 500,000 fewer barrels a day in December than this month, taking the lead in OPEC to counter the price rout“We as responsible producers are going to work, and work hard, to balance the market within a reasonable corridor,” Saudi Energy Minister Khalid Al-Falih told reporters on Sunday in Abu Dhabi. Demand for Saudi oil is “tapering off” in part because of seasonal factors, so the kingdom will ship less, he said.While its meeting with other producers on Sunday yielded no change in supply policy, OPEC+ warned in a statement that it might need “new strategies,” raising the prospect of a wider and coordinated cut in 2019.Although there are signs of a glut emerging in the U.S., the Saudi minister said it was too early to talk about coordinated production cuts within OPEC+.
