CL=F - Crude Oil Jan 20
| Pre. Settlement | N/A |
| Settlement date | 2019-12-19 |
| Open | 59.11 |
| Bid | 59.00 |
| Last price | 59.20 |
| Day's range | 58.23 - 59.25 |
| Volume | 460,972 |
| Ask | 59.01 |
- Oilprice.com
Israel's Plan To Bypass The World's Most Critical Oil Chokepoint
Israel pitched to India this weekend its idea of a new transportation corridor in the Middle East bypassing the most critical oil chokepoint in the world
- Oilprice.com
Goldman Sachs Sees Higher Oil Prices In 2020
Deeper OPEC output cuts will make for a tighter oil market in 2020 according to Goldman Sachs, which now sees higher oil prices for next year
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Downside Target 27877 to 27824
Based on the early trade and the current price at 27989, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Monday is likely to be determined by trader reaction to the downtrending Gann angle at 28037.
- Coindesk
Bakkt Goes Live With Options, Cash-Settled Futures Products
Bakkt’s new options and cash-settled bitcoin futures products have just gone live, joining its three-month-old physical futures contracts.
- Zacks
U.S. Shale Producers to Gain as OPEC+ Deepens Output Cuts
The recent production cut of 500,000 BPD from the OPEC+ group is set to result in total output cut of 1.7 million BPD, which represents 1.7% of global demand.
- FX Empire
U.S. Dollar Index Futures (DX) Technical Analysis – Friday’s Closing Price Reversal Bottom Hasn’t Been Confirmed
Based on the early price action, and the current price at 97.625, the direction of the December U.S. Dollar Index the rest of the session on Monday is likely to be determined by trader reaction to the downtrending Gann angle at 97.745.
- FX Empire
AUD/USD and NZD/USD Fundamental Weekly Forecast – Trade Deal Primary Price Driver; Fed Expected to Hold Policy Steady
Aussie and Kiwi traders will get the opportunity to react to U.S. data on consumer inflation and retail sales, however, these reports are not likely to change the Fed’s view on the economy.
- Reuters
VEGOILS-Palm futures up for fifth session on supply shortage worries
Malaysian palm oil futures extended gains for a fifth straight session on Monday and hit a two-year high, on fears that supply is set to fall sharply. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was up 1.3% at 2,896 ringgit ($694.48) per tonne in early trade, the highest price since Feb. 16, 2017. A Reuters poll on Thursday forecast Malaysian palm oil production would show a 10% monthly fall in November, but traders said they now expect it to fall as much as 13%, driving prices higher.
- Investing.com
Oil Prices Drop but Still Near 12-Week High on OPEC+ Cuts
Investing.com - Oil prices dropped on Monday in Asia but are still near 12-week highs after OPEC+ agreed to bigger output cuts than expected.
- Oilprice.com
Iran: We Won’t Agree To Any Production Cuts In The Future
Iranian Oil Minister Bijan Zanganeh said that the Islamic Republic would not agree to any cuts in the future, once the sanctions are removed
- Reuters
Saudi energy minister talks OPEC+ unity, backs Aramco to soar
OPEC and its allies would only ease supply curbs and pump more oil once global crude inventories fall and pricing reflects a tighter market, Saudi Arabia's energy minister told Reuters. Saudi Arabia spearheaded a deal on Friday with Russia and the other so-called OPEC+ oil producers to deepen output cuts through the first quarter of 2020. In his first interview with Reuters since he became energy minister in September, Prince Abdulaziz bin Salman said he expected OPEC+ producers to continue cooperating beyond March.
- Oilprice.com
Oil Jumps On ‘’Saudi Surprise’’
Oil prices rose on Friday morning, fueled by optimism about the new OPEC+ deal and the Saudi promise to, once again, overcomply with their production quota
- Oilprice.com
Oil Rig Count Slides Amid OPEC Optimism
The US oil and gas rig count continued to fall this week, according to Baker Hughes, shedding 107 oil rigs in sixteen weeks
- Reuters
Venezuela government, opposition weigh giving private oil firms operating rights - sources
Venezuela's government and opposition have discussed allowing private companies in joint ventures with state oil company PDVSA to operate oil fields themselves, reversing a longstanding requirement that PDVSA control such operations, three people familiar with the talks said. While a similar move last year letting little-known companies operate some fields wholly-owned by PDVSA has not helped increase production, the sources said this proposal was more promising since the joint ventures with oil majors like Chevron Corp , Russia's Rosneft and state energy group China National Petroleum Corp (CNPC) control Venezuela's largest oil fields.
- Oilprice.com
The Toughest Part Of The OPEC Deal
OPEC+ agreed to deepen output cuts on Thursday, but the cartel now struggles to hammer out the individual production quotas
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Strengthens Over 27859, Weakens Under 27755
Based on the early price action and the current price at 27879, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Friday is likely to be determined by trader reaction to the short-term Fibonacci level at 27859.
- FX Empire
E-mini S&P 500 Index (ES) Futures Technical Analysis – Needs to Hold 3124.25 to Sustain Rally
Based on the early price action and the current price at 3138.00, the direction of the December E-mini S&P; 500 Index the rest of the session on Friday is likely to be determined by trader reaction to the Fibonacci level at 3124.25.
- Zacks
It's Official: Saudi Aramco to Become the Biggest IPO Ever
Saudi Aramco, which is set to trade on the Riyadh stock market, beat the previous record held by Chinese e-commerce behemoth Alibaba.
- FX Empire
Crude Oil Steady, Investors Eye OPEC, U.S. Employment Releases
After sharp gains earlier in the week, crude prices have leveled off. We could see some movement in the North American session, with the release of U.S. employment data at 15:30 GMT.
- Reuters
Oil set for big weekly gains as OPEC+ agrees on deeper output cuts
Oil prices rose on Friday and were on track for weekly gains as a meeting of OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020. The additional cuts by the Organization of the Petroleum Exporting Countries and allies including Russia - a grouping known as OPEC+ - will last throughout the first quarter. The group will meet again in early March for an extraordinary meeting to set its policy.
- Investing.com
Oil Prices Fall Despite OPEC + Supply Cut
Investing.com - Oil prices fell on Friday in Asia even afterthe Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to increase output cuts by nearly 50% in early 2020.
- Oilprice.com
Cautious Canadian Oil Majors Forced To Cut Spending
Canadian oil majors continue to send mixed signals, and while some remain upbeat about 2020, many are announcing spending cuts
- Oilprice.com
U.S. Shale Will Grow Regardless Of Oil Prices
Rystad Energy expects U.S. shale output to grow regardless of a drop in international crude prices
- FX Empire
Looking To Buy Silver
Silver futures in the March contract is currently trading higher by 12 cents at 17.03 an ounce reversing some of the steep losses that we witnessed in yesterday’s trade as this market continues to flip flop on a daily basis still stuck in a 4 week tight consolidation pattern.
