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Crude Oil Jul 24 (CLN24.NYM)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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79.75+2.23 (+2.88%)
As of 01:05PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2024-06-20
Last Price77.52
Day's Range79.75 - 79.75
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    UPDATE 1-U.S. crude stocks up, output at highest level since April 2020

    U.S. crude stocks rose in the most recent week while U.S. production hit its highest level since April 2020, a signal that high prices are driving further output in the world's largest oil producer. Gasoline stocks fell sharply and demand rebounded modestly, though the last four weeks of gasoline consumption has been softer than in 2021, the Energy Information Administration said on Wednesday. The increase was driven by a 5.3 million barrel release from U.S. strategic reserves; the United States has been emptying its reserve to quell the rise in oil prices that began in the spring.