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Crude Oil Feb 27 (CLG27.NYM)
| Pre. Settlement | N/A |
| Settlement date | 2027-01-20 |
| Open | 0.00 |
| Bid | 0.00 |
| Last price | 56.51 |
| Day's range | 0.00 - 0.00 |
| Volume | |
| Ask | 0.00 |
- Yahoo Finance Video
Oil market is in 'show-me-the-barrels mode': Analyst
Oil prices (BZ=F, CL=F) are trading lower on Monday after OPEC+ announced an extension of production cuts into 2025. Bob McNally, founder & president of Rapidan Energy, joins Catalysts to discuss his outlook on oil prices. According to McNally, OPEC+'s decision "had a lot of moving parts." He notes that while some aspects were "supportive of prices," other elements, such as the tapering of cuts, caught investors "by surprise." However, he believes that OPEC is willing and able to pause or reverse tapering: "I don't think they're gonna let the bottom out of the price of crude," he says, but acknowledges that this explains the market's bearishness. Regarding oil prices, McNally highlights that there are "real downside" macroeconomic risks, including the Federal Reserve's decision on rate cuts, demand for oil, and ongoing geopolitical tensions. Nevertheless, he states that the market is currently in a "show-me-the-barrels" mode. 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
Oil industry consolidations will create stable prices: Analyst
The oil industry is seeing major consolidations at play as Hess (HES) shareholders approved a $53 billion merger with Chevron (CVX), and ConocoPhillips (COP) will acquire Marathon Oil (MRO) in a $17.1 billion all-stock deal. TD Cowen Analyst Jason Gabelman joins Morning Brief to discuss how these M&A moves should be viewed from a shareholder perspective. "We think it creates a more healthy environment for our shareholders," Gabelman explains. He says that the mergers will lead larger companies to have more control of the oil (CL=F, BZ=F) in the US, which will ultimately allow them to execute "moderate, low-to-mid single-digit oil production growth that should result in a healthier commodity backdrop where there will be less responsive to spikes in oil prices and support higher and more stable oil prices." He adds that more stable oil prices will be a relief to consumers as they grapple with tighter budgets amid high inflation. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Yahoo Finance Video
US GDP, retail earnings, C3.ai CEO talks demand: Morning Brief
Stocks (^DJI, ^IXIC, ^GSPC) are on the path to open the Thursday session amidst Wall Street's outlook on the Federal Reserve's monetary policy and slowing growth in US GDP (Gross Domestic Product). CFRA Research Chief Investment Strategist Sam Stovall sits down with Morning Brief Hosts Seana Smith and Brad Smith, diving into whether interest rates matter more to markets than Friday's Personal Consumption Expenditures (PCE) print. Loop Capital Markets Managing Director Anthony Chukumba weighs in on the state of the US consumer by analyzing retail earnings out from discount store Dollar General (DG) and electronics outlet Best Buy (BBY). Other top stocks trending on recent earnings results include Salesforce (CRM), Foot Locker (FL), Kohl's (KSS), and Okta (OKTA). C3.ai (AI) Founder, Chairman and CEO Tom Siebel also joins the show to discuss the artificial intelligence developer's fiscal fourth-quarter earnings and the use cases pushing AI demand. This post was written by Luke Carberry Mogan.
