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Crude Oil Jun 28 (CLM28.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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64.76-0.79 (-1.21%)
As of 12:23PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2028-05-22
Open64.76
Bid64.82
Last price65.55
Day's range64.76 - 64.76
Volume10
Ask66.45
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    US GDP, retail earnings, C3.ai CEO talks demand: Morning Brief

    Stocks (^DJI, ^IXIC, ^GSPC) are on the path to open the Thursday session amidst Wall Street's outlook on the Federal Reserve's monetary policy and slowing growth in US GDP (Gross Domestic Product). CFRA Research Chief Investment Strategist Sam Stovall sits down with Morning Brief Hosts Seana Smith and Brad Smith, diving into whether interest rates matter more to markets than Friday's Personal Consumption Expenditures (PCE) print. Loop Capital Markets Managing Director Anthony Chukumba weighs in on the state of the US consumer by analyzing retail earnings out from discount store Dollar General (DG) and electronics outlet Best Buy (BBY). Other top stocks trending on recent earnings results include Salesforce (CRM), Foot Locker (FL), Kohl's (KSS), and Okta (OKTA). C3.ai (AI) Founder, Chairman and CEO Tom Siebel also joins the show to discuss the artificial intelligence developer's fiscal fourth-quarter earnings and the use cases pushing AI demand. This post was written by Luke Carberry Mogan.

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    Major energy M&A deals, the market's momentum: Morning Brief

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    US gas prices may drop to $3 or less by November: Analyst

    Oil prices are set for a weekly loss amid lingering concerns surrounding future fuel demand. OPIS Global Head of Energy Analysis Tom Kloza joins Catalysts to discuss the next OPEC+ gathering and macro trends in the energy industry. Kloza notes that the consensus view of the June OPEC+ meeting is that the organization will roll over production cuts through another quarter or the end of the year. He adds that OPEC+ must take this action because the oil market has become "sloppy," with too much oil supply impacting gasoline demand.  Gas prices have dropped by as much as a dollar per gallon in the last 40 days, but retailers haven't necessarily passed those savings along, Kloza adds. Oil and gas prices may also surge by August, given greater hurricane threats in the Gulf of Mexico. However, in the last quarter of the year, Kloza projects that gas prices may drop to $3 or less per gallon in most parts of the US. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This article was written by Gabriel Roy