CL=F - Crude Oil Aug 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
55.95
+0.65 (+1.18%)
As of 9:11PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2019-07-22
Open56.22
Bid54.95
Last price55.30
Day's range55.78 - 56.22
Volume248
Ask56.64
  • Oilprice.com3 hours ago

    The Two Most Important Catalysts For Oil

    Oil prices never stay quiet for too long. While Iran and China are making the most headlines when it comes to risks to oil, Bank of America sees a few other less-publicized factors as just as important

  • Oilprice.com5 hours ago

    U.S. Shale Is Doomed No Matter What They Do

    With financial stress setting in for U.S. shale companies, some are trying to boost production in order to improve cash flows, while others are cutting costs, but neither strategy seems to work out

  • Oilprice.com9 hours ago

    What’s Behind The North Sea Spending Spree?

    The North Sea is looking to follow in U.S. shale’s footsteps, with producers opting for leaner, meaner production cycles

  • Oilprice.com3 days ago

    IEA: Don’t Expect Oil Prices To Go Much Higher

    Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much, barring serious escalations in geopolitical tensions, Fatih Birol, the executive director of the International Energy Agency, said on Friday

  • Market Realist3 days ago

    IEA Doesn’t See Any Large Upside in Crude Oil

    According to the IEA, any large upside in crude oil prices isn't likely due to a possible economic slowdown dragging the demand and rising oil exports.

  • Buy 5 Top Oil Stocks Ahead of Q2 Earnings on Iran Conflict
    Zacks3 days ago

    Buy 5 Top Oil Stocks Ahead of Q2 Earnings on Iran Conflict

    Disturbances in Iran intensified on Jul 18 after President Donald Trump declared that the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz in a defensive action.

  • Indian utilities' coal imports in first half of 2019 rise over 53% from year ago
    Reuters3 days ago

    Indian utilities' coal imports in first half of 2019 rise over 53% from year ago

    Coal imports by Indian coal utilities during the first half of 2019 rose 53.4% from a year earlier to 35.47 million tonnes, data provided by India's Central Electricity Authority (CEA) showed. Demand for seaborne coal imports in India has risen because of a fast rising population and the unavailability of alternative fuels such as natural gas. Imports for power plants at the port of Mundra, in western India's state of Gujarat, made up 42% of all imports by Indian utilities during the first half of 2019.

  • Exclusive: Italian, Chinese majors vie in Pakistan's mega LNG tender
    Reuters3 days ago

    Exclusive: Italian, Chinese majors vie in Pakistan's mega LNG tender

    LONDON/SINGAPORE (Reuters) - Italian oil major Eni, China's overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in one of the largest tenders ever worth billions of dollars, two sources familiar with the matter said on Friday. The 240-cargo 10-year tender, which is likely to be worth from $5 billion to $6 billion according to Reuters calculations and the estimates of another source based on current market conditions, was issued last month and closed on Thursday. Pakistan is expected to be a significant growth driver in global LNG demand, with Wood Mackenzie estimating the country will need 25 million tonnes a year as domestic supplies dwindle and its economy grows.

  • IEA does not expect 'huge increase' in crude prices: executive director
    Reuters3 days ago

    IEA does not expect 'huge increase' in crude prices: executive director

    The International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday. "Prices are determined by the markets...If we see the market today we see that the demand is slowing down considerably," said IEA's Fatih Birol, in public comments made during a two-day energy conference in New Delhi. The IEA is revising its 2019 global oil demand growth forecast down to 1.1 million barrels per day (bpd) and may cut it again if the global economy and especially China shows further weakness, Birol told Reuters in an interview on Thursday.

  • Oil climbs as Middle East tensions offset demand worries
    Reuters3 days ago

    Oil climbs as Middle East tensions offset demand worries

    Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the United States and Iran, even as concerns that slowing economic growth could dent global oil demand cast a cloud. For the week, benchmark crude prices declined, having fallen sharply earlier in the week on demand worries. Prices gained late in the session after Iran's Revolutionary Guards said they had captured a British-flagged oil tanker in the Gulf after Britain seized an Iranian vessel earlier this month, further raising tensions along a vital international oil shipping route.

  • Investing.com3 days ago

    Oil Prices Jump as U.S. Navy Shoots Down Iranian Drone

    Investing.com - Oil prices jumped on Friday in Asia after the U.S. reportedly shot down an Iranian drone in the Strait of Hormuz in what Trump described as "defensive action".

  • Exclusive: IEA revising oil demand growth forecast down on slowing economy
    Reuters4 days ago

    Exclusive: IEA revising oil demand growth forecast down on slowing economy

    The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday. The IEA is revising its 2019 global oil demand growth forecast to 1.1 million barrels per day (bpd) and may cut it again if the global economy and especially China shows further weakness, Fatih Birol said. Last year, the IEA predicted that 2019 oil demand would grow by 1.5 million bpd but had cut the growth forecast to 1.2 million bpd in June this year.

  • Investing.com4 days ago

    Oil Slumps Almost 3% As Trump Tries Peace With Iran

    By Barani Krishnan

  • Russian oil output back to OPEC deal levels - Novak
    Reuters4 days ago

    Russian oil output back to OPEC deal levels - Novak

    ST PETERSBURG/MOSCOW (Reuters) - Russia has restored its oil output to levels agreed under a deal between OPEC and non-OPEC oil exporters and production in the last half of July will rise from the first half, Energy Minister Alexander Novak said on Thursday. Russia's production plunged to almost a three-year low in early July due high organic chloride content found in oil in April, which disrupted pipeline exports. It was related to a technological process," Novak told reporters.

  • North Dakota Oil Production Holds Stable Near Record Mark
    Zacks4 days ago

    North Dakota Oil Production Holds Stable Near Record Mark

    The newest numbers showed that daily crude output remained above one million barrels for the 28th month, further confirming North Dakota as one of the hottest shale plays in the United States.

  • Earnings and Trade Concerns Pull Equities From Record Highs
    FX Empire4 days ago

    Earnings and Trade Concerns Pull Equities From Record Highs

    Investors have sold equities across the globe and headed back towards the safety of government bonds and Gold. After spending several weeks pricing in the impact of expected monetary easing by major central banks, bullish investors took a pause as fundamentals began to show signs of cracks.

  • The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum
    Zacks5 days ago

    The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum

    The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum

  • Oil prices fall more than 1% after U.S. fuel inventories build
    Reuters5 days ago

    Oil prices fall more than 1% after U.S. fuel inventories build

    Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. Brent crude futures were down 69 cents, or 1.1%, to settle at $63.66 a barrel. U.S West Texas Intermediate (WTI) crude futures fell 84 cents, or 1.5%, to settle at $56.78 a barrel.

  • Oil & Gas Stock Roundup: Callon Petroleum's Acquisition, McDermott's Contract Wins & More
    Zacks6 days ago

    Oil & Gas Stock Roundup: Callon Petroleum's Acquisition, McDermott's Contract Wins & More

    Shale producer Callon Petroleum (CPE) agreed to buy smaller E&P player Carrizo Oil & Gas (CRZO) for $3.2 billion, while McDermott International (MDR) clinched twin contracts from Saudi Aramco.

  • Investing.com6 days ago

    Oil Falls 3% as Trump Agrees to Iran Talks, Backs Away From China

    By Barani Krishnan

  • Vedanta to invest $650 million in new oil blocks
    Reuters6 days ago

    Vedanta to invest $650 million in new oil blocks

    Diversified mining company Vedanta Ltd said on Tuesday it will invest $650 million in its new oil and gas blocks that it won in the government's last two rounds of auctions, chief executive of its oil and gas division Ajay Kumar Dixit said on Tuesday in New Delhi. It had won a total of 53 oil and gas blocks under the government's open acreage licensing policy (OALP) and Discovered Small Field (DSF) rounds, Dixit said. The company intends to invest 200 billion rupees ($2.9 billion) in exploration and production of oil and gas over the next three years which includes its existing and new fields, Vedanta's chairman Navin Agarwal said on Thursday.

  • Canadian Pacific beats on higher crude shipments, cost control
    Reuters6 days ago

    Canadian Pacific beats on higher crude shipments, cost control

    The upbeat results come against the backdrop of Alberta government's cap on output in January that boosted low crude prices, but made oil shipments by rail less profitable for Canadian producers. Rail shipments have, however, recently recovered with some producers choosing rail again to avoid pipeline congestion. Crude-by-rail volumes jumped by about a quarter to 25,000 carloads in the second quarter, while total carloads, rail cars carrying freight, rose 6%.

  • Exclusive: UAE plans oil trade overhaul to boost Middle Eastern clout
    Reuters6 days ago

    Exclusive: UAE plans oil trade overhaul to boost Middle Eastern clout

    DUBAI/LONDON (Reuters) - The United Arab Emirates' state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading operations as it seeks to emulate the success of rival oil majors and bolster its regional influence. The company has splurged on hiring former employees of private-sector peers and wants to launch a regional oil benchmark, possibly this year, similar to international markers Brent and WTI, four sources familiar with the plans said. The plan is not yet finalised and still has to be approved by UAE authorities, such as the Abu Dhabi Supreme Petroleum Council, the sources said.

  • Reuters6 days ago

    Asia refiners test the waters with exports of IMO 2020-compliant fuel

    SEOUL/SINGAPORE (Reuters) - Refineries in Taiwan and South Korea are testing the market for fuels that meet new rules for low-sulphur ship fuel starting next year, exporting some cargoes of very low-sulphur fuel oil (VLSFO) this month. Oil market participants are uncertain what kind of fuel product shipping companies will use to meet the International Maritime Organization's (IMO) 0.5% sulphur standard for ship fuels starting in 2020.

  • Reuters6 days ago

    Fire at Basra offshore oil export terminal briefly halts crude loading - Iraqi officials

    A fire at Iraq's southern Basra offshore oil export terminal briefly halted crude loading operations on Tuesday but was put out and loading resumed, Iraqi oil officials said. The fire occurred in a residential section of the terminal accommodating workers and did not directly damage oil infrastructure, a port official and sources in the Basra Oil Company said. Basra port has restored full operations with no stoppage at the oil exports jetties, said a statement from the state-run Basra Oil Company.