CLM17.NYM : Summary for Crude Oil Jun 17 - Yahoo Finance
Crude Oil Jun 17 (CLM17.NYM)
NY Mercantile - NY Mercantile Delayed Price. Currency in USD
|Day's Range||49.19 - 49.55|
- MarketWatch•35 minutes ago
Oil prices are hovering under $50 a barrel after an industry group shows U.S. oil and gasoline inventories rose last week.
- Reuters•2 hours ago
Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market. U.S. West Texas Intermediate (WTI) crude oil futures were trading down 13 cents, or 0.3 percent, at $49.43 per barrel at 0416 GMT, after gaining 0.7 percent in the previous session. Traders said that a report late on Tuesday by the American Petroleum Institute (API) that U.S. crude oil inventories rose by 897,000 barrels in the week to April 21 to 532.5 million barrels had weighed on WTI.
- Barrons.com•5 hours ago
BHP Billiton has unveiled plans to sell some of its U.S. shale acreage amid pressure from U.S. activist hedge fund Elliott Associates to spin off its U.S petroleum business. The plans were revealed in the miner's third quarter production report, with volumes of key commodities affected by weather and industrial action at key operations like the Escondida copper mine in Chile. The miner cuts its full year copper production target to between production 1.33 million tonnes and 1.36 million tonnes, well down from its prior forecast of 1.62 million tonnes (which was revised down from its initial estimate of 1.66 million tonnes after power cuts at its Olympic Dam operations).