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Crude Oil Dec 26 (CLZ26.NYM)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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68.56-0.03 (-0.04%)
At close: 04:59PM EDT
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Pre. SettlementN/A
Settlement Date2026-11-20
Open68.54
Bid68.06
Last Price68.59
Day's Range68.03 - 68.77
Volume8,927
Ask68.98
  • Yahoo Finance Canada

    Gas prices in Canada rise at fastest pace since April before Thanksgiving weekend

    The average price of regular fuel jumped 4.9 cents per litre between Oct. 3 and Oct. 10, according to data from Kalibrate.

  • Yahoo Finance UK

    Pound, gold and oil prices in focus: commodity and currency check, 11 October

    Pound slips as traders ramp up bets on Bank of England interest rate cut.

  • Yahoo Finance Video

    September CPI dims stocks, Fed's rate cut path: Morning Brief

    On today's episode of Morning Brief, Hosts Seana Smith and Brad Smith break the latest Consumer Price Index data and analyze the market open. The latest Consumer Price Index (CPI) report shows prices rose 0.2% in September, which was more than the 0.1% Bloomberg consensus estimate. Year-over-year prices rose 2.4% versus the 2.3% estimate. When stripping out the more volatile food and energy components, prices rose 0.3% month-over-month and 3.3% year-over-year, both higher than economists were expecting. US stocks (^DJI, ^IXIC, ^GSPC) opened Thursday's session lower as Wall Street digested the hotter-than-expected CPI report. The Nasdaq Composite fell by over 0.40%. Yahoo Finance Senior Reporter Alexandra Canal and Catalysts Anchor Madison Mills break down inflation's impact on shelter pricing and auto insurance costs. Yardeni Research Chief Markets Strategist Eric Wallerstein believes that following September's CPI print, the Federal Reserve doesn't have to cut rates during the rest of 2024. He explains, "Unfortunately, we're going to get some weather impacts in the jobs data in the coming months. But I think as long as inflation isn't getting towards 2% so dramatically, and there's no crisis that unfolds in the labor market, which I don't foresee, I don't think there's anything that gives the Fed reason to cut further this year," Wallerstein explains. Omair Sharif, Inflation Insights president, adds, “Admittedly, some things were hotter than expected today. But I think some of that stuff is more likely than not to just be a one-off in this particular month." He continues, “Given that hot print today, even though I do think some of this stuff will reverse course pretty quickly, I think that's if you were thinking 50 bps [cut at the Fed’s November meeting] that's pretty much been wiped out at this stage… I think the Fed still wants to progress slowly here. So I think 25 [bps cut] is the base case for November.” Marvin Loh, State Street senior global macro strategist discusses how the tech sector (XLK) will be impacted by the Federal Reserve's rate-cutting cycle. Loh believes that tech will be "one of the bigger beneficiaries" of the Fed's interest rate cuts. He notes that the sector has demonstrated strong earnings growth, and it is one of the few areas of the market that hasn't experienced significant revisions. "So that kind of stronger story is still out there. You know, quality growth generating cash and really defendable moats are kind of where you want to put some of your long-term bets," he tells Yahoo Finance. Delta Air Lines (DAL) fell short of estimates for the airline operator's third quarter, posting profits of $1.50 per share ($1.52 was expected) and revenue of $14.59 billion ($14.68 billion expected). Delta CEO Ed Bastian cited the CrowdStrike (CRWD) outage to have shaved off $0.45 from the company's adjusted earnings per share. Bloomberg Intelligence analyst George Ferguson explains, "The results are a little bit muddy from CrowdStrike, but labor costs were up 13% year-over-year. So, labor continues to be a big challenge for the airlines. And again, with this revenue, this unit revenue declining, that makes things more challenging." Ferguson highlights the struggle an airline like Delta will face as it strives to grow in the marketplace. Oil prices tick higher (CL=F, BZ=F) as Hurricane Milton made landfall in Florida and amid ongoing geopolitical tensions in the Middle East. Andy Lipow, president of Lipow Oil Associates, explains, “The oil market is pricing in a greater probability of a war between Iran and Israel that would result in a supply disruption. And I should point out that since last year, when Hamas invaded Israel, there has been no oil supply disruption. But prices recently have been rising of a fear that one might happen.” This post was written by Melanie Riehl