Crude Oil Dec 24 (CLZ24.NYM)
| Pre. Settlement | N/A |
| Settlement Date | 2024-11-20 |
| Open | 78.54 |
| Bid | 78.45 |
| Last Price | 78.31 |
| Day's Range | 77.66 - 78.69 |
| Volume | |
| Ask | 78.47 |
- Yahoo Finance Video
Oil prices: Can Mideast tensions push them to triple digits?
Oil prices (BZ=F, CL=F) have slid down about 3% this week as some of the tension in the Middle East has eased after escalations as Iran targeted Israeli military bases. Oil production seems to remain continuous as none of the recent attacks have touched production facilities. Will this decrease last or could prices go back up to all-time highs? Path Trading Partners Co-Founder Bob Iaccino joins Yahoo Finance to discuss the potential for oil prices to spike and what would bring about those price increases, including recent geopolitical tensions. Iaccino affirms: "You're talking about geopolitics to get $200 a barrel. That's what gets these surprise shocks and sustainable shocks, depending on the assessed damage... We're talking about a military strike that disrupts supply. Then that would get us somewhere near that one hundred dollars and possibly exceeding its, depending on what that disruption would be..." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Oil, bitcoin, gold: Commodity price checks
Oil prices (CL=F, BZ=F) are trading slightly lower on Wednesday, following heightened geopolitical tensions in the Middle East as energy markets weigh Iran's attack on Israel. Gold (GC=F) prices are inching higher despite the strength in the US dollar and the bond market. Bitcoin (BTC-USD) prices have fallen from their recent highs, as the crypto market anticipates the upcoming bitcoin halving event this week. Yahoo Finance's Madison Mills breaks down the details. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Angel Smith
- Yahoo Finance Video
Noble Corp. CEO talks drilling operations, oil price trends
Noble Corporation (NE) CEO and President Robert Eifler joins Yahoo Finance to discuss the outlook for his company as energy stocks lead market gains in 2024. Eifler emphasizes that Noble Corporation's long-term activity is "driven by oil price" (CL=F, BZ=F), stating that the company is "a long-term business" where its customers create "decade-long plans" when it comes to offshore drilling. Due to this, he says that short-term oil price movements have little to no effect on the company's operations. Eifler notes that the current market dynamics "are in really good shape," setting the company up for "several years of spending" among its customers. He explains that during the "shale boom", a backlog for the company's services was created due to an increase in offshore drilling demand as consumers turned to "longer-term planning," which has driven activity in the post-COVID period. "I like to keep people focused on where we've come from and where we're headed," Eifler told Yahoo Finance, adding, "which is a tremendous ramp-up in our services— and obviously that's coming through in rising EBITDA year-over-year." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Angel Smith
