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Crude Oil Apr 24 (CL=F)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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82.69-0.03 (-0.04%)
As of 07:20AM EDT. Market open.
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Pre. SettlementN/A
Settlement date2024-03-20
Open82.85
Bid82.71
Last price82.72
Day's range82.39 - 82.86
Volume2,587
Ask82.77
  • Yahoo Finance

    ExxonMobil chief Woods calls for 'consistency' in US climate policy

    Pushing for consistency in US policy and advocating for the benefits of carbon capture, ExxonMobil CEO Darren Woods sees Big Oil as part of the solution in mitigating the impacts of climate change.

  • Yahoo Finance Video

    Commodities on a run: How to play Crude Oil

    Commodities are on a run with Cocoa Futures (CC=F) topping $8,000 per metric ton and Copper Futures (HG=F) hitting its highest level in almost a year. Oil prices (BZ=F, CL=F) have also been rising this week, at one point topping over $80 per barrel. Path Trading Partners Co-Founder Bob Iaccino and Blue Line Futures Chief Market Strategist Phillip Streible join Yahoo Finance to discuss how investors should position themselves within the commodity sector. Streible states that oil's rise is a simple function of supply and demand, highlighting a few demand-side drivers: "Resiliency of the US economy has helped to support demand. We've got driving season right here. Any kind of interest rate cut could really be a tailwind for the crude oil market. If you get some of this loan, some of this debt burden behind us with lower interest rates, people are gonna have more money to spend and they're probably going to do it the easiest way, which is travel. So we are starting to see 2024 demand increasing. And we could see upward revisions in '25 and 2026."  Investors may look to the futures market or to ETFs to join the oil rally, Iaccino explains: "I always advise people the thing that's 100% correlated to crude oil is crude oil. So the best place...to play that out is WTI crude (MCL=F), that's my favorite. But, for the average investor, you can look at USO, that's one of the ETFs people generally default to." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

  • Yahoo Finance Video

    Production cuts, geopolitical tensions drive oil rally

    With a potential supply deficit raised by the International Energy Agency, oil prices (CL=F, BZ=F) have soared to a four-month high. Behind the agency's warning are ongoing OPEC+ production cuts and persistent geopolitical tensions that continue to disrupt the global energy landscape. Yahoo Finance's Ines Ferré breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith