CLU23.NYM - Crude Oil Sep 23
| Pre. Settlement | N/A |
| Settlement date | 2023-08-22 |
| Open | 39.40 |
| Bid | 0.00 |
| Last price | 43.07 |
| Day's range | 39.40 - 39.40 |
| Volume | 1 |
| Ask | 0.00 |
- Yahoo Finance
Stock market news live updates: Stocks close out second straight month of gains
Stocks fell on Friday, extending losses from Thursday’s session as investors eyed renewed tensions between the U.S. and China.
- Oilprice.com
Oil Prices Slide As U.S.-China Tensions Return
The recent oil price rally appears to have stalled as tensions between the U.S. and China weigh on energy markets and the rebound in global demand appears to slow
- FX Empire
USD/JPY Weekly Price Forecast – US Dollar Stock in Tight Range Against Japanese Yen
The US dollar continues to go back and forth overall, as the ¥107 level looks to be a bit of a magnet for price.
- FX Empire
EUR/USD Weekly Price Forecast – The Euro Explodes to The Upside
The Euro exploded to the upside during the week, breaking above the 1.11 level. However, we are reaching some significant resistance just above.
- FX Empire
AUD/USD Weekly Price Forecast – Australian Dollar Running Into 50 Week EMA
The Australian dollar has rallied a bit during the week, reaching towards the 50 week EMA, which of course is one indicator reliable over the last years.
- Oilprice.com
Oil Prices Are Unlikely To Break $40 This Year
Despite production cuts from OPEC+ and North America and slowly improving demand, oil prices are not expected to average much higher than current prices in 2020
- FX Empire
Daily Gold News: Friday, May 29 – Gold at Yesterday’s High
The gold futures contract gained 0.09% on Thursday, as it extended its consolidation following bouncing off $1,700 support level on Wednesday. Gold has been trading within a downward correction after reaching new monthly high of $1,775.80 on Monday almost two weeks ago. Gold is 0.6% higher today, as it gets back to yesterday’s high.
- FX Empire
Silver Price Daily Forecast – Silver Gets To New Highs
Silver breached the resistance at $17.50 and continues to gain upside momentum.
- FX Empire
USD/JPY Price Forecast – US Dollar Pulls Back Toward Support Against Yen
The US dollar fell a bit during the trading session on Friday, reaching towards the ¥107 level, an area that has been supportive as of late.
- Reuters
OPEC delivers three quarters of record oil cut in May - survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction. OPEC and its allies last month agreed to an output cut to offset a slump in demand and prices caused by the coronavirus crisis. "OPEC has made a strong start in May with its latest production cut, lowering supply by 5 million bpd versus April," Daniel Gerber, chief executive of Petro-Logistics, which assesses OPEC supply by tracking tanker shipments, told Reuters.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Trying to Break Out
The Australian dollar has initially dropped during the Friday session only to turn around and break towards the highs again.
- FX Empire
GBP/JPY Price Forecast – British Pound Continues Consolidation Against Yen
The British pound has rallied a bit during the trading session against the Japanese yen after initially falling hard.
- Reuters
OPEC delivers three quarters of record oil cut in May: survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction. OPEC and its allies last month agreed to an output cut to offset a slump in demand and prices caused by the coronavirus crisis. "OPEC has made a strong start in May with its latest production cut, lowering supply by 5 million bpd versus April," Daniel Gerber, chief executive of Petro-Logistics, which assesses OPEC supply by tracking tanker shipments, told Reuters.
- FX Empire
U.S. Stocks Mixed Ahead Of Trump’s News Conference On China
S&P; 500 futures are flat in premarket trading as hopes about economic recovery are offset by worries about sanctions on China.
- FX Empire
Oil Price Fundamental Daily Forecast – Worsening US-China Relations Likely Source of Impending Volatility
The wild price swings seem to be behind us, but the market is still vulnerable to a steep retracement of the recent rally.
- Reuters
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Rosneft <ROSN.MM> does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue with record oil cuts beyond June, four sources familiar with the matter told Reuters on Thursday. Rosneft has told the energy ministry it would be difficult to maintain cuts to the end of the year, as it has had to cut shipments to major buyers, such as Glencore <GLEN.L> and Trafigura, despite good demand, two sources close to the talks said on condition of anonymity. "There is no doubt Rosneft will strictly fulfil all obligations under supply contracts with its foreign and Russian counterparties despite output cuts made by the company as a part of OPEC+ deal," Rosneft CEO Igor Sechin said in a statement on Friday.
- Reuters
Oil lower on U.S.-China tensions but heads for huge monthly rise
Oil prices eased on Friday on fears of worsening Washington-Beijing relations and lacklustre U.S. fuel demand, but were still headed for sharp monthly gains. U.S. West Texas Intermediate (WTI) crude was down 12 cents, or 0.4%, at $33.59. This year, oil prices have fallen more than 40% largely due to slashed fuel demand caused by efforts to limit travel and shut businesses to combat the virus.
- FX Empire
Economic Data to Take a Back Seat with Trump’s News Conference the Main Event
While the economic calendar is on the busier side, Trump’s news conference will be the main event, which is testing risk sentiment early on.
- Reuters
Oil surges 5% on U.S.-China trade optimism, falling crude output
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production. Both benchmarks saw steep monthly rises due to falling global production and expectations for demand growth as parts of the United States, including New York City, and other countries move to reopen after coronavirus-related lockdowns. U.S. President Donald Trump said his administration will begin to eliminate special treatment for Hong Kong in response to China plans to impose new security legislation in the territory, but he did not say the first phase of the Washington-Beijing trade deal was in jeopardy.
- Yahoo Finance
Stock market news live updates: Stocks trade mixed as tensions with China rise
Stocks were mixed Thursday amid new developments that could raise tensions between the U.S. and China, and a deluge of new economic data, much of which was still consistent with a contraction but at least signaled some stabilization after an initial slump in activity.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Key Level into Close is 25534
Look for the upside bias to continue as long as the June E-mini Dow Jones Industrial Average remains above 25144.
- Reuters
U.S. renewable fuel use tops coal for first time since firewood reigned 130 years ago - EIA
U.S. consumption of renewable energy overtook coal in 2019 for the first time since firewood was the top fuel source more than 130 years ago, the Energy Information Administration said on Thursday. The shift underscores a decade-long decline in the coal industry, driven by regulatory efforts to reduce greenhouse gas emissions and fierce competition from natural gas, wind and solar power sources. U.S. coal consumption fell 15% last year to the lowest since 1964, while the use of energy from sources like wind and solar notched slightly higher, the EIA said.
- FX Empire
Silver Price Forecast – Silver Markets Continue to Pound Into Resistance
The silver markets rallied a bit during the trading session on Thursday, reaching towards the $18 level.
- Reuters
Exclusive: Oil marketing firm Eighty-Eight oil declares force majeure - sources
U.S. crude marketing company Eighty-Eight Oil LLC has declared force majeure after oil producers across the Rockies and North Dakota shut production as the coronavirus eroded demand and sent prices plunging, four sources familiar with the matter said. The company declared force majeure after producers selling oil to them shut production, causing Eighty-Eight to be short on barrels that they had committed to sell, two sources said. In North Dakota, the second-largest producer after Texas, output is down by more than 500,000 barrels per day, state officials said.
- FX Empire
Oil Mixed As Traders Hope For Extension Of Current Production Cuts
The pressure from the increase in oil inventories is offset by reports that Saudi Arabia wants to extend current production cuts until the end of the year.
