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Crude Oil Mar 26 (CLH26.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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70.66+0.05 (+0.07%)
As of 03:49PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2026-02-20
Last price70.61
Day's range70.66 - 70.66
  • Yahoo Finance Video

    Oil prices could be in the $60s next year: Strategist

    Oil (BZ=F, CL=F) prices are in the spotlight as they continue to rise, despite growing demand uncertainty. Citi's Global Energy Strategist Eric Lee joins Catalysts to provide his perspicacious outlook. As the latter half of the year approaches, Lee foresees "markets getting a lot weightier" due to the intricate supply and demand dynamics. However, he cites geopolitical factors and weather patterns are what's "keeping the market nervous." Nonetheless, two factors could potentially alleviate this nervousness: slowing US gasoline demand and the fact that "profitability is problematic" within refineries. Turning his attention to the trajectory of future oil prices, Lee told Yahoo Finance: "We essentially think fundamentals, supply and demand, and global inventories will be building a lot next year." He added a cautionary note, stating, "I think when the markets see that, that is bearish for the price, and it [oil] can decouple from other sectors." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith.

  • Yahoo Finance Video

    Bullish S&P 500 calls, weak China industrial output: Morning Brief

    On today's episode of Morning Brief, Yahoo Finance's Seana Smith and Madison Mills cover some of the biggest stories as the holiday-shortened trading week gets underway. The major US indexes (^DJI, ^IXIC, ^GSPC) started Monday's trading session mixed, as the S&P 500 and Nasdaq Composite hold near their record highs achieved last week. As the tech sector continues to push the market to new heights, Evercore ISI has raised its year-end target of the S&P 500 to 6,000, while Goldman Sachs has raised it to 5,600. Miller Tabak Managing Director and Chief Market Strategist Matt Maley says that the market rally signals that "investors aren't all that confident about anything outside of the AI phenomenon. And we haven't seen the big broadening out of earnings outside of the AI phenomenon." Minneapolis Federal Reserve President Neel Kashkari has indicated optimism about potential interest rate cuts, stating that one cut in December is "reasonable." However, Wells Fargo Global Investment Strategist Veronica Willis believes that two rate cuts in 2024 are still possible, noting that more economic data showing disinflation would give the Federal Reserve enough "confidence" to enact more than one cut. China's housing market continues to struggle as industrial output growth slowed to 5.6% in May, a decline of over 1% from the previous month's figure. Crude oil prices (CL=F, BZ=F) are climbing higher after China also reported weakening demand and oil refinery outputs. Energy Aspects Oil Analyst Christopher Haines explains that China is "transitioning to more of a consumer-based economy rather than an industrial-based economy... it's trying to decrease energy intensity. So actually, I think you can read [that] demand, or... some of that data that came out today is relatively constructive." This post was written by Melanie Riehl

  • Yahoo Finance Video

    Oil and gas pricing outlook ahead of peak summer travel

    Oil prices (BZ=F, CL=F) are beginning to rise on Monday after recent data revealed weak crude oil demand in China. What does this mean for gas prices (RB=F) at the pump as global energy markets respond to demand trends ahead of the summer travel season? Yahoo Finance Reporter Ines Ferré joins Wealth! to break down the latest for oil and gas prices and what consumers can expect at the pumps this week. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino