CL=F - Crude Oil May 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
63.69
-0.07 (-0.11%)
As of 6:15AM EDT. Market open.
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Pre. Settlement N/A
Settlement Date 2019-04-22
Open 63.75
Bid 63.67
Last Price 63.76
Day's Range 63.46 - 63.89
Volume 20,931
Ask 63.68
  • OPEC+ Cuts Oil Production and Russian Exporters Win
    Bloomberg 5 hours ago

    OPEC+ Cuts Oil Production and Russian Exporters Win

    The supply cuts from the so-called OPEC+ nations, coupled with U.S. sanctions on Venezuela and Iran, have reduced the amount of medium- and heavy-grade sour crude on the market. While Russia is part of the output cuts effort, exports of its medium-sour Urals crude -- the country’s biggest export grade -- are set to soar this month to an almost two-year high. “The apparent lack of other alternative medium, sour grades is forcing Mediterranean and Northwest European buyers to rely increasingly on Urals,” consultants JBC Energy GmbH said in a report.

  • Reuters 5 hours ago

    VEGOILS-Palm declines on weaker soyoil, profit-taking

    * Market poised to snap two sessions of gains * Weaker ringgit limited further losses - trader By Emily Chow KUALA LUMPUR, April 18 (Reuters) - Malaysian palm oil futures dropped on Thursday, in line to ...

  • India Should Beware of Saudi Aramco's Billions
    Bloomberg 8 hours ago

    India Should Beware of Saudi Aramco's Billions

    Saudi Arabian Oil Co. is doing its best to make nice with one of its biggest customers. With the ink barely dry on the takeover of 70 percent of the country’s chemical giant Saudi Basic Industries Corp. and the issuance of its first-ever corporate bond, Aramco is looking to buy a stake in the world’s biggest oil refinery. Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is seeking to sell as much as a quarter of its refining business for at least $10 billion and is entertaining offers from Aramco and Abu Dhabi National Oil Co., people with knowledge of the matter told Bloomberg News this week.

  • AUD/USD Forex Technical Analysis – April 18, 2019 Forecast
    FX Empire 9 hours ago

    AUD/USD Forex Technical Analysis – April 18, 2019 Forecast

    Based on the early trade, the direction of the AUD/USD on Thursday is likely to be determined by trader reaction to the price cluster at .7154 to .7153.

  • Oil & Currencies: Understanding Their Correlation
    Investopedia 12 hours ago

    Oil & Currencies: Understanding Their Correlation

    There is a hidden string that ties currencies together to crude oil, with price actions in one venue forcing a sympathetic or opposing reaction in the other. This correlation persists for many reasons, including resource distribution, balance of trade (BOT), and market psychology. In addition, crude oil is quoted in U.S. dollars (USD) so each uptick and downtick generates immediate realignment between the greenback and numerous forex crosses.

  • Reuters 12 hours ago

    Katanga names Glencore Coal's chief development officer for top job

    Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow. The appointment comes less than two months after Glencore, the world's biggest supplier of seaborne coal, said it would limit annual coal production capacity to current levels of about 150 million tonnes after discussion with its investors. Gerard will take over on May 2 and will also serve as the head of Glencore's assets in the Democratic Republic Of Congo (DRC) and oversee its Mutanda mining operation in the country.

  • Benzinga 12 hours ago

    Higher Coal, Chemicals Rail Volumes Lift U.S. Carloads

    Higher coal and chemicals volumes drove U.S. carloads upward on a weekly basis for the first time since late February, according to the latest data from the Association of American Railroads (AAR). But ...

  • Reuters 12 hours ago

    Glencore Coal chief development officer named Katanga CEO

    Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow. Gerard will take over on May 2 and will ...

  • Oilprice.com 13 hours ago

    U.S. Shale Is Upending Crude Flows In This Oil Frontier

    The U.S. shale boom is upending global oil markets as far as crude flows from West Africa to Europe and other parts of the world, and is squeezing in particular Nigeria’s struggling oil industry

  • Canadian dollar retreats from four week high as market distrusts inflation uptick
    Reuters 14 hours ago

    Canadian dollar retreats from four week high as market distrusts inflation uptick

    Canada's annual inflation rate edged up to 1.9% in March from 1.5% in February, while two out of three of the Bank of Canada's measures of core inflation edged up into the 2.0% range, Statistics Canada data indicated. "The market is skeptical that there is a true uptick in core inflation," said Adam Button, chief currency analyst at ForexLive. "Looking forward, if the acceleration in core inflation continues the market will have to change course." A shift in sentiment could see expectations unwind for an interest rate cut this year, Button said.

  • Reuters 14 hours ago

    CANADA FX DEBT-C$ retreats from 4-week high as market distrusts inflation uptick

    Canada's annual inflation rate edged up to 1.9% in March from 1.5% in February, while two out of three of the Bank of Canada's measures of core inflation edged up into the 2.0% range, Statistics Canada data indicated. The loonie notched its strongest intraday level since March 20 at 1.3275 after the data, but then gave back all its gains.

  • Exclusive: Spain's Repsol suspends swap deal for Venezuelan oil under U.S. pressure
    Reuters 15 hours ago

    Exclusive: Spain's Repsol suspends swap deal for Venezuelan oil under U.S. pressure

    HOUSTON/MEXICO CITY (Reuters) - Spain's Repsol has suspended its swaps of refined products for crude with Venezuela's state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign firms doing business with Venezuela. The Spanish oil company has been swapping fuel and waiving payments due from a joint venture with PDVSA in exchange for crude, even as the United States rolled out new sanctions aimed at ousting Venezuela's socialist President Nicolas Maduro.

  • Oilprice.com 20 hours ago

    Oil Rebounds On Bullish Inventory Data

    Oil prices recovered somewhat on Wednesday morning after the EIA reported an inventory draw across the board

  • Reuters 23 hours ago

    Malaysia keeps May crude palm oil export duty at zero percent

    KUALA LUMPUR (Reuters) - Malaysia kept its export duty on crude palm oil for May at zero percent, according to a circular on the Malaysian Palm Oil Board's website on Wednesday that cited the national ...

  • Reuters 23 hours ago

    VEGOILS-Palm climbs again on weaker ringgit

    * Market sees biggest daily gain in two weeks * Ringgit weakened as much as 0.3 pct (Updates with closing prices) By Emily Chow KUALA LUMPUR, April 17 (Reuters) - Malaysian palm oil futures rose for a ...

  • Reuters yesterday

    BRIEF-China Coal Xinji Energy's Q1 Coal Sales Down 3.0 Percent Y/Y

    April 17 (Reuters) - China Coal Xinji Energy Co Ltd : * SAYS Q1 COAL SALES DOWN 3.0 PERCENT Y/Y AT 1.8 BILLION YUAN ($269.06 million) Source text in Chinese: http://bit.ly/2IAIY9D Further company coverage: ...

  • Reuters yesterday

    VEGOILS-Palm climbs to one-week high on weaker ringgit

    * Market in line for second day of gains * Ringgit weakened 0.3 pct around noon By Emily Chow KUALA LUMPUR, April 17 (Reuters) - Malaysian palm oil futures extended gains to a fresh one-week high in early ...

  • Associated Press yesterday

    Coal project near Bryce Canyon National Park draws lawsuit

    Environmental organizations are suing the Trump administration over the approval a coal-mining project near a national park in southern Utah. A coalition of groups including the National Parks Conservation Association filed the lawsuit Tuesday in federal court in Utah. The U.S. Department of the Interior declined to comment on the lawsuit.

  • OPEC Risks Gambling Away Success Again as $80 Oil Looms
    Bloomberg yesterday

    OPEC Risks Gambling Away Success Again as $80 Oil Looms

    In the first quarter, coordinated production curbs by the Organization of Petroleum Exporting Countries and its allies helped oil rally the most in almost a decade, restoring prices to over $70 a barrel. Saudi Arabia, the group’s most powerful member, has made clear that it’s determined to keep supplies tight. OPEC and its partners launched a new round of output cuts at the beginning of the year when it looked like booming U.S. shale-oil production and fragile global demand growth would lead to a supply surplus.

  • Oilprice.com yesterday

    Scientists Find Oil-Eating Superbacteria On Bottom Of The Ocean

    Scientists have just found a fascinating oil-eating bacteria in the Marina Trench, a discovery which could be key to cleaning up the ocean

  • Oilprice.com yesterday

    Oil Could Fall To $40 If OPEC Abandons Its Deal

    Russia has announced that the country is contemplating boosting oil production, as the fight for market share with the U.S. heats up

  • Oilprice.com yesterday

    The 2020 Elections Could Be A Turning Point For Oil & Gas

    The 2020 elections could well be a turning point for the U.S. oil and gas industry, with many democratic candidates threatening to ramp up regulations

  • Canadian dollar climbs off 11-day low as oil prices rise
    Reuters 2 days ago

    Canadian dollar climbs off 11-day low as oil prices rise

    At 3:09 p.m. (1909 GMT), the Canadian dollar was trading 0.1% higher at 1.3352 to the greenback, or 74.90 U.S. cents. The price of oil, one of Canada's major exports, rose as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply. U.S. crude oil futures settled 1% higher at $64.05 a barrel.

  • Oil Bulls Undaunted By OPEC Fears
    Oilprice.com 2 days ago

    Oil Bulls Undaunted By OPEC Fears

    Fears of OPEC+ abandoning its cuts were not enough to kill bullish sentiment in the oil market, with hedge funds betting big on Brent crude

  • Crude Oil Price Update – May Be Forming Potentially Bearish Secondary Lower Top
    FX Empire 2 days ago

    Crude Oil Price Update – May Be Forming Potentially Bearish Secondary Lower Top

    Based on the current price at $63.85, the direction of the June WTI crude oil market into the close is likely to be determined by trader reaction to the short-term 50% level at $63.93.