CL=F - Crude Oil Dec 17

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
51.80
-0.04 (-0.08%)
As of 5:50AM EDT. Market open.
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Pre. SettlementN/A
Settlement date2017-11-20
Open52.07
Bid51.79
Last price51.84
Day's range51.74 - 52.30
Volume115,383
Ask51.80
  • No future(s): Asian financial coal trading dries up as Noble declines, Glencore rules
    Reuters2 hours ago

    No future(s): Asian financial coal trading dries up as Noble declines, Glencore rules

    SINGAPORE/FRANKFURT (Reuters) - Financial trading of thermal coal has virtually ceased in Asia as a result of the woes at one major trading house and the growing dominance of another, despite the region being by far the world's biggest consumer of the fuel. With coal prices rising sharply this year, power generators would usually hedge or protect themselves by taking positions in related derivatives markets. "With Asia's futures pretty much gone, that greatly increases our risk for supplies in that region.

  • Crude Oil Gains In Asia On Momentum From Drop In U.S. Rig Count
    Investing.com4 hours ago

    Crude Oil Gains In Asia On Momentum From Drop In U.S. Rig Count

    Investing.com - Crude prices gained in Asia on Monday as rig count figures out of the U.S. aided sentiment on the supply outlook.

  • U.S. Midwest oil refiners boost output, cut region's dependence on Gulf Coast
    Reuters3 hours ago

    U.S. Midwest oil refiners boost output, cut region's dependence on Gulf Coast

    By Jarrett Renshaw NEW YORK (Reuters) - U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from the Gulf Coast while redrawing oil trade maps. Since the early 2000s, crude and fuel flows from the Gulf Coast into the U.S. heartland have been cut in half, as crude coming from Canada and North Dakota has pushed U.S. Midwest refining activity to record levels. In 2016, Midwest refining capacity rose to 3.9 million barrels per day (bpd) of crude, the highest annual volume on record.

  • Oil stable on slightly tighter market, strong demand
    Reuters3 hours ago

    Oil stable on slightly tighter market, strong demand

    Oil prices were stable on Monday, supported by supply concerns in the Middle East and declining U.S. drilling activity, although analysts warned that the United States market may not be tightening by as much as expected. U.S. West Texas Intermediate (WTI) crude was at $51.92 per barrel, up 8 cents, or 0.14 percent. "Oil prices are holding comfortably above $50 as possible supply disruptions in the Kurdish region of Iraq support prices," said William O'Loughlin, analyst at Rivkin Securities.

  • Gold Price Futures (GC) Technical Analysis – Weekly Trend Determined by Trader Reaction to $1286.80
    FX Empire8 hours ago

    Gold Price Futures (GC) Technical Analysis – Weekly Trend Determined by Trader Reaction to $1286.80

    December Comex Gold futures finished sharply lower after posting a two-week high early in the week. Rising Treasury yields helped make the U.S. Dollar a more attractive investment, leading to lower demand for dollar-denominated gold. Increased demand for risky assets also weighed on gold which pays neither interest nor a dividend to hold it. The … Continue reading Gold Price Futures (GC) Technical Analysis – Weekly Trend Determined by Trader Reaction to $1286.80

  • Oilprice.com13 hours ago

    Major Oil Traders See Upside For Oil Prices

    The world’s oil trading majors can’t seem to agree on which way the markets are headed

  • Oilprice.com17 hours ago

    Will Demand For Offshore Rigs Ever Recover?

    Offshore drilling companies have struggled since the oil price crash, idling rigs due to high costs, but a revival might be underway

  • US-backed forces take Syria's largest oil field from IS
    Associated Press18 hours ago

    US-backed forces take Syria's largest oil field from IS

    BEIRUT (AP) — U.S.-backed fighters captured Syria's largest oil field from the Islamic State group Sunday, marking a major advance against the extremists in an area coveted by pro-government forces.

  • OPEC Says the Thirst for Oil Will Lead to 100 Million Barrels a Day by 2020
    Motley Fool18 hours ago

    OPEC Says the Thirst for Oil Will Lead to 100 Million Barrels a Day by 2020

    The organization of oil producers doesn’t see oil demand peaking anytime soon.

  • Oil Price Fundamental Weekly Forecast – Rangebound Until Extension of OPEC-led Production Cuts Is Announced
    FX Empireyesterday

    Oil Price Fundamental Weekly Forecast – Rangebound Until Extension of OPEC-led Production Cuts Is Announced

    U.S. West Texas Intermediate and international-benchmark Brent crude oil finished higher last week, drawing support from a steep drop in Iraqi crude exports due to tensions in the Kurdistan region. However, weak U.S. demand helped limit gains. December West Texas Intermediate Crude Oil settled at $51.84, up $0.11 or +0.21% and January Brent Crude Oil … Continue reading Oil Price Fundamental Weekly Forecast – Rangebound Until Extension of OPEC-led Production Cuts Is Announced

  • Oilprice.comyesterday

    OPEC Seeks Help From U.S. Shale

    OPEC’s secretary general has asked U.S. shale oil producers to cooperate with the cartel to keep the global oil market out of an oversupply situation

  • U.S. Stock Indexes Surge After Senate Moves Toward Tax Reform
    FX Empireyesterday

    U.S. Stock Indexes Surge After Senate Moves Toward Tax Reform

    The major U.S. stock indexes surged on Friday after the U.S. Senate overcame a significant hurdle to move toward tax reform.  The blue chip Dow Jones Industrial Average reached an intraday and closing record, led by strong performances by Boeing, Goldman Sachs and JPMorgan Chase. The Dow was also boosted by a huge recovery in … Continue reading U.S. Stock Indexes Surge After Senate Moves Toward Tax Reform

  • Ecuador defends big Yasuni rainforest oil bet
    Reutersyesterday

    Ecuador defends big Yasuni rainforest oil bet

    The manager of state oil company Petroamazonas defended Ecuador’s plans to expand exploitation of major oil reserves in one of the world's most species-diverse rainforests, saying it will ensure minimum environmental impact and use appropriate technology. The OPEC country is avidly seeking resources to revitalize an ailing economy, after a fall in oil prices and a major earthquake. Ecuador expects to raise revenues of about $2.4 billion annually as of 2022 when it completes the development of the Ishpingo, Tambococha, and Tiputini (ITT) fields and Block 31, located in the Yasuni National Park, a 9,820-square-kilometer (6,100-square-mile) swathe of rainforest on the equator.

  • Crude Oil Price Update – Big Decision Coming from Bullish Traders on Test of $50.60 to $50.01
    FX Empireyesterday

    Crude Oil Price Update – Big Decision Coming from Bullish Traders on Test of $50.60 to $50.01

    December West Texas Intermediate Crude Oil futures finished higher on Friday, basically saving the market from posting a lower close for the week. The price action suggests that investors are waiting for clarity over whether OPEC and the major non-OPEC producers will extend their strategy to cut output in an effort to decrease the global … Continue reading Crude Oil Price Update – Big Decision Coming from Bullish Traders on Test of $50.60 to $50.01

  • Gold Price Futures (GC) Technical Analysis – Trading on Bearish Side of Major 50% Level at $1286.80
    FX Empireyesterday

    Gold Price Futures (GC) Technical Analysis – Trading on Bearish Side of Major 50% Level at $1286.80

    December Comex Gold futures closed lower on Friday, pressured by rising U.S. Treasury yields. A firmer U.S. Dollar also weighed on gold prices because it made the dollar-denominated commodity a less-attractive investment. Increased demand for higher risk assets also helped drive down demand for lower-yielding gold. Stocks were underpinned by the news that the Senate … Continue reading Gold Price Futures (GC) Technical Analysis – Trading on Bearish Side of Major 50% Level at $1286.80

  • Iraq increases oil exports from south to make up for Kirkuk shortfall
    Reuters2 days ago

    Iraq increases oil exports from south to make up for Kirkuk shortfall

    Iraq said on Saturday it was increasing oil exports from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields. The output from Kirkuk fell this week when Iraqi forces took back control of oilfields from Kurdish fighters who had been there since 2014.

  • Don’t Look Now but the Oil Market is Turning Bullish
    Motley Fool2 days ago

    Don’t Look Now but the Oil Market is Turning Bullish

    The “swimming pools are draining,” fueling increased bullishness by analysts and investors.

  • Saudi oil minister makes high profile Iraq visit, calls for economic cooperation
    Reuters2 days ago

    Saudi oil minister makes high profile Iraq visit, calls for economic cooperation

    Saudi Oil Minister Khalid al-Falih made a high profile visit to Iraq on Saturday, calling for increased economic cooperation and praising existing coordination to boost crude oil prices. Falih is the first Saudi official to make a public speech in Baghdad for decades.

  • Reuters2 days ago

    Oil market is improving and stabilizing, Saudi oil minister says

    The global oil market is improving and stabilizing, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday. In a speech at the opening of the Baghdad International Exhibition, Falih praised the cooperation between Iraq and Saudi Arabia, which he said, contributed to "the improvement and stability we are seeing in the oil market". Falih is the first Saudi official to make a public speech in Baghdad for several decades.

  • Comex High Grade Copper Price Futures (HG) Technical Analysis – Likely to Test $3.0930 to $3.0535 Value Zone
    FX Empire2 days ago

    Comex High Grade Copper Price Futures (HG) Technical Analysis – Likely to Test $3.0930 to $3.0535 Value Zone

    December Comex High Grade Copper futures settled slightly lower on Friday after giving back earlier gains. Despite four straight losing sessions after a spike into a three-year high on Monday, the market still managed to post a solid gain for the week. Strong hedge fund buying drove copper prices into $3.2595 on October 16, but … Continue reading Comex High Grade Copper Price Futures (HG) Technical Analysis – Likely to Test $3.0930 to $3.0535 Value Zone

  • Crude Oil forecast for the week of October 23, 2017, Technical Analysis
    FX Empire2 days ago

    Crude Oil forecast for the week of October 23, 2017, Technical Analysis

    WTI Crude Oil The WTI Crude Oil market initially dipped during the week, but then reached towards the $52.50 level above. This is an area that has been resistive in the past, so if we were to break above there, more specifically close above there on a daily timeframe, it’s likely that we would continue … Continue reading Crude Oil forecast for the week of October 23, 2017, Technical Analysis

  • Investing.com2 days ago

    Crude Oil Prices Settle Higher as Middle East Tensions Disrupt Supply

    Investing.com – Crude oil prices settled higher on Friday as political tensions in the Kurdistan region continued to disrupt crude supplies offsetting signs of wavering U.S. demand.

  • Crude Oil Price Analysis for October 23, 2017
    FX Empire3 days ago

    Crude Oil Price Analysis for October 23, 2017

    Crude oil prices rebounded on Friday, after initially testing lower levels. This week the EIA reported a larger than expected draw in inventories, but the rising dollar weighed on prices.  OPEC has been moving inventories back into balance, and with distillate stocks in the United States near the bottom end of the 5-year range, prices … Continue reading Crude Oil Price Analysis for October 23, 2017

  • Reuters3 days ago

    Oil drops more than 1 pct on profit taking after four days of gains

    Oil prices fell more than 1 percent on Thursday, breaking four days of gains, pressured by larger-than-expected product inventories in the United States and profit-taking after a recent run-up in markets. Kurdish officials said thousands had fled the Kirkuk region fearing persecution since Iraqi armed forces retook it following a referendum on Kurdish independence that was rejected by Baghdad. Iraq said it expects to restore Kirkuk's oil production to last week's levels by Sunday.

  • India's oil imports hit record high in September - trade
    Reuters3 days ago

    India's oil imports hit record high in September - trade

    India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand. The world's third-biggest oil importer shipped in 4.2 percent more oil last month than a year earlier and about 19 percent more than in the previous month, ship-tracking data from industry sources and Thomson Reuters Analytics showed. "There was heavy maintenance at some refineries in July-August.