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Crude Oil Jun 24 (CL=F)
| Pre. Settlement | N/A |
| Settlement date | 2024-05-21 |
| Open | 82.76 |
| Bid | 81.82 |
| Last price | 82.63 |
| Day's range | 80.95 - 83.30 |
| Volume | |
| Ask | 81.83 |
- Yahoo Finance Video
Oil, gold prices fall as US dollar surges: Commodity Check
Commodities like gold (GC=F) and crude oil futures (CL=F, BZ=F) are falling as the US dollar surges ahead on Employment Cost Index (ECI) data. The dollar is currently up 3.7% year-to-date in 2024. Yahoo Finance Senior Markets Reporter Jared Blikre takes a look at how several key commodities are trading this morning. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Yahoo Finance UKTrending tickers: Tesla, Hipgnosis, oil, yen
The latest investor updates on stocks that are trending on Monday.
- Yahoo Finance Video
Energy: Exxon, Chevron drag sector amid geopolitical risks
The energy sector (XLE) is underperforming in Friday's trading session, following disappointing results from industry leaders Exxon Mobil (XOM) and Chevron (CVX). S&P Global Vice Chairman Daniel Yergin joined Yahoo Finance to discuss the geopolitical risks looming over the oil market. Yergin acknowledges that the current calm within the oil market will "entirely depend" on exogenous events. He notes that oil prices have reverted to levels pre tensions between Iran and Israel, which initially caused a slight uptick: "There's been a tug-of-war between geopolitics and the fundamentals of supply and demand," Yergin says. "In terms of the oil industry, they're commercial animals," Yergin tells Yahoo Finance, adding, "Their incentive is to produce as much as they can." However, he cautions that concerns about future production softening persist within the industry. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
