Crude Oil Dec 28 (CLZ28.NYM)
| Pre. Settlement | N/A |
| Settlement Date | 2028-11-20 |
| Open | 64.30 |
| Bid | 1.00 |
| Last Price | 64.18 |
| Day's Range | 64.11 - 64.37 |
| Volume | |
| Ask | 64.40 |
- Yahoo Finance Video
Oil prices unmoved by OPEC+ production pause. Two reasons why
Oil prices (CL=F, BZ=F) saw slight gains on Thursday after reports indicated that OPEC+ agreed to pause oil production hikes. Goldman Sachs Managing Director and Head of Oil Research Daan Struyven joins Market Domination to offer insights into the energy market's muted reaction. Struyven attributes the modest price movement to two factors: First, previous reports had already hinted at OPEC delaying production increases, so "some of the news was already priced in as of today." Second, the decision only delays "relatively small production increases by two months," resulting in only a moderate "reduction in expected supply." Despite this development, Struyven maintains his range-bound view for oil prices of $77 to $85 per barrel, with a target of $74 per barrel by December 2025. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Yahoo Finance Video
Could gas prices fall to $3 per gallon by the end of 2024?
The price of gasoline (RB=F) has been steadily falling, and is now $0.50 cheaper per gallon nationally than it was a year ago. Yahoo Finance Senior Business Reporter Ines Ferré joins Catalysts to discuss how gas prices could potentially hit an average of $3 per gallon by the end of the year. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Yahoo FinanceGas prices could drop to $3 by year-end, analyst says
Gasoline prices have been falling. They're expected to fall further.
