Crude Oil Mar 25 (CLH25.NYM)
| Pre. Settlement | N/A |
| Settlement Date | 2025-02-20 |
| Open | 64.01 |
| Bid | 65.51 |
| Last Price | 65.15 |
| Day's Range | 64.01 - 64.01 |
| Volume | |
| Ask | 65.90 |
- Reuters
Oil prices fall as investors weigh Fed chair comments, rate hike
Oil prices fell on Thursday following three sessions of gains, after U.S. Federal Reserve Chair Jerome Powell re-stated his commitment to curbing inflation, including the possibility of more interest rate rises. Powell also said on Wednesday that banking industry stress could trigger a credit crunch with "significant" implications for an economy that U.S. central bank officials projected would slow even more this year than previously thought. The central bank's policy-setting committee raised interest rates by another quarter of a percentage point in a unanimous decision, lifting its benchmark interest rate to the 4.75% to 5.00% range.
- Bloomberg
Japan Shipper Seeks Government Support for Russia Insurance Risk
(Bloomberg) -- Major Japanese shipping company Nippon Yusen KK is seeking a government guarantee to insure vessels at risk from Russia’s war in Ukraine. Most Read from BloombergFinally, a Serious Offer to Take Putin Off Russia’s HandsBomb Threat Called In to New York Court Where Trump Hearing HeldA New Chapter of Capitalism Emerges From the Banking CrisisStocks Roiled by Fed Day’s Nerve-Wracking Rhetoric: Markets WrapFed Caught Between Inflation and Bank CrisisConditions for getting war insuranc
- Reuters
Falling US gasoline stockpiles signal a repeat of last summer's high prices
U.S. motorists face a repeat of last summer's high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the peak summer driving season that begins in two months. Retail gasoline prices, now averaging $3.44 a gallon nationwide, hit a record $5.02 a gallon last June as crude oil prices jumped on Russia's invasion of Ukraine and the waning of COVID-19 travel curbs unleashed pent up travel demand. Vehicle travel in the U.S. started the year 5.6% higher than last year, leading to a drop in gasoline stockpiles for five straight weeks.
