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Crude Oil Nov 22 (CL=F)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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82.43+0.28 (+0.34%)
As of 07:27AM EDT. Market open.
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Pre. SettlementN/A
Settlement date2022-10-20
Open81.90
Bid82.37
Last price82.15
Day's range80.34 - 82.82
Volume72,638
Ask82.38
  • Reuters

    Analysis-Nigeria squanders oil price bonanza as gasoline subsidies soar

    Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty. Data from Nigeria's state oil company NNPC shows that it did not contribute anything to state coffers in the first eight months of 2022, despite crude prices averaging $94 a barrel so far this year, a rise of 42% from last year. At the heart of Nigeria's problem is that despite being Africa's biggest oil and gas producer, the country depends almost entirely on imports to cover its gasoline needs.

  • Reuters

    Oil rises towards $90 as OPEC+ considers output cut

    LONDON (Reuters) -Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept a lid on gains. Brent crude futures rose 52 cents, or 0.6%, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by 52 cents, or 0.6%, to $82.67. Leading members of OPEC+ have begun discussions about an oil output cut when they meet on Oct. 5, two sources from the producer group told Reuters.

  • Oilprice.com

    U.S. Gulf Of Mexico Can Help Fill Global Oil Supply Gap

    One of the world’s most mature deepwater basins, the U.S. Gulf of Mexico, has a lot of production life left and could help bridge the oil supply gap