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NY Mercantile - NY Mercantile Delayed price. Currency in USD
58.68
+0.77 (+1.33%)
As of 8:45AM EDT. Market open.
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Pre. SettlementN/A
Settlement dateN/A
OpenN/A
Bid58.66
Last priceN/A
Day's rangeN/A - 58.74
Volume213,337
Ask58.67
  • US Crude Oil: What to Expect by the End of May
    Market Realist17 minutes ago

    US Crude Oil: What to Expect by the End of May

    Oil and Broader Market Dragged the Energy Portfolio(Continued from Prior Part)Oil’s implied volatilityOn May 23, US crude oil’s implied volatility was 29.8%, which is 12% below its 15-day average. Usually, lower implied volatility supports oil

  • US Crude Oil Heading for Highest Weekly Loss in 2019
    Market Realist17 minutes ago

    US Crude Oil Heading for Highest Weekly Loss in 2019

    Oil and Broader Market Dragged the Energy PortfolioOil dragged energy stocks lowerOn May 16, US crude oil June futures fell 5.7% and settled at $57.91 per barrel—the biggest daily decline for active US crude oil futures since December 24. A 1.2%

  • Bitcoin Crosses $8,000 as Major Oil Futures See Losses
    Cointelegraph2 hours ago

    Bitcoin Crosses $8,000 as Major Oil Futures See Losses

    Friday, May 24 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) crosses the $8,000 mark again. Bitcoin is up over 5% on the day, trading at $8,018 at press time, according to CoinMarketCap. Earlier this week, CEO of Morgan Creek Capital Mark Yusko said bitcoin should be in every investor’s portfolio.

  • Should You Worry About Yanchang Petroleum International Limited's (HKG:346) CEO Pay Cheque?
    Simply Wall St.6 hours ago

    Should You Worry About Yanchang Petroleum International Limited's (HKG:346) CEO Pay Cheque?

    Bruno Guy Deruyck became the CEO of Yanchang Petroleum International Limited (HKG:346) in 2016. This report will...

  • Reuters6 hours ago

    In Vietnam's booming energy sector coal reigns, but renewables play catch-up

    HANOI/SINGAPORE (Reuters) - Vietnam has become a hot spot for energy investors eyeing a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to dominate despite signs of a government effort to go green. With a population nudging 100 million and annual GDP growth around 7%, Vietnam has forecast power generation will need to rise from about 47,000 megawatts (MW) currently to 60,000 MW by 2020 and 129,500 MW by 2030. "Vietnam is a big growth story for the coal industry.

  • Reuters12 hours ago

    Australian state says Adani coal approvals due by mid June

    Australia's Queensland state said on Friday that the process to obtain final approvals for Adani Enterprise's controversial Carmichael coal mine must be wrapped up by mid-June. Adani has been working for a decade to obtain approvals to develop the project in the remote Galilee Basin, but the process has been slow as the mine has become a touchstone for concerns about climate change. Approvals to preserve the habitat of the black-throated finch are due by May 31 and a management plan for ground water by June 13, pending advice by Australia's science body the CSIRO, she said.

  • The World’s Most Controversial Coal Mine Doesn’t Add Up
    Bloomberg16 hours ago

    The World’s Most Controversial Coal Mine Doesn’t Add Up

    After the opposition Labor party suffered heavy losses in coal-mining regions in Saturday’s Australian federal elections, the Carmichael project looks to be getting closer than ever to approval. There's a rarely discussed problem with this, though: The numbers on Carmichael don’t stack up – and haven't for most of the past decade, despite the mine becoming a high-profile proxy for broader fights over fossil fuels among politicians, lobbyists and environmentalists. (An Adani spokeswoman said our assumptions were incorrect, but didn't dispute any specific figures or provide alternative ones.

  • Oilprice.com16 hours ago

    Norwegian Oil Output Set To Fall To Lowest Level In Three Decades

    Norwegian oil production continues to fall despite some very successful production cuts and efficiency gains

  • Oilprice.com17 hours ago

    Canada’s Oil Hotspot Considers Going Nuclear

    In the wake of a new report suggesting Alberta’s oil sands may be even more toxic than originally anticipated, the nuclear industry offers an unlikely solution

  • MarketWatch18 hours ago

    U.S. oil prices suffer their worst day of the year, settling at a more than 2-month low

    U.S. oil futures logged their biggest one-day decline of the year Thursday to settle at the lowest in more than two months. Expectations for a lengthy U.S.-China trade dispute fed concerns over a slowdown in energy demand and led to risk-off sentiment, sending global stock markets sharply lower. If the U.S./China trade war "continues to intensify, then you will see a further drop," said James Hatzigiannis, senior commodities associate at Long Leaf Trading Group. Still, oil prices likely saw "too far of a drop" Thursday and "should see some recovery," he said. July WTI oil fell by $3.51, or 5.7%, to settle at $57.91 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since March 12 and biggest one-day dollar and percentage losses so far this year, according to Dow Jones Market Data.

  • Reuters20 hours ago

    Russia removed two million tonnes of tainted Druzhba oil using rail, sea, storage: sources

    Russia is using rail, storage tanks and ships to remove contaminated oil from an export pipeline, and has so far extracted around 2 million tonnes of the tainted oil - or over a third of volumes hit, industry sources and data showed. A month ago, Russia had to stop exports via the Druzhba pipeline to Poland and Germany at the northern branch of the line and to Ukraine, Hungary, Slovakia and the Czech Republic in the south. A total of around 5 million tonnes could have been contaminated by organic chloride, which is used to boost oil extraction, according to the Belarusian operator of a section of the Druzhba pipeline, and up to six months are needed to fully restore the flows.

  • Oilprice.com20 hours ago

    Red Flag For Oil Markets: Asian Refining Margins Plunge To 16-Year Low

    Asian cracks spreads have fallen to levels not seen since the Spring of 2003, and this negative development has caused several refiners to cut crude intake

  • Energy Stocks on Pace for Worst Day in 5 Months as Crude Sinks
    Bloomberg21 hours ago

    Energy Stocks on Pace for Worst Day in 5 Months as Crude Sinks

    Hess Corp., Concho Resources Inc., Cimarex Energy Co., and National Oilwell Varco Inc. were among stocks which slid more than 6%. While there’s no shortage of supply risks -- including the possibility that the Organization of Petroleum Exporting Countries will extend output curbs or that energy flows will be disrupted by rising tension in the Middle East -- those concerns have been mitigated by swelling U.S. stockpiles, meaning there’s been little respite for prices. Capital One upgraded its ratings on several companies to overweight from equalweight and is now bullish on Bonanza Creek Energy Inc., Berry Petroleum Corp., Callon Petroleum Co., Marathon Oil Corp., Noble Energy Inc., Penn Virginia Corp., SM Energy Co., and Cimarex Energy Co. Additionally, Comstock Resources Inc., Laredo Petroleum Inc., and W&T Offshore Inc. were raised to equalweight from underweight.

  • How Many Oasis Petroleum Inc. (NYSE:OAS) Shares Have Insiders Sold, In The Last Year?
    Simply Wall St.22 hours ago

    How Many Oasis Petroleum Inc. (NYSE:OAS) Shares Have Insiders Sold, In The Last Year?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

  • Options Traders Expect Huge Moves in Marathon Petroleum (MPC) Stock
    Zacks22 hours ago

    Options Traders Expect Huge Moves in Marathon Petroleum (MPC) Stock

    Marathon Petroleum (MPC) needs investors to pay close attention to the stock based on moves in the options market lately.

  • Reuters23 hours ago

    Iran stores more oil on land and at sea as exports slump

    Iran's oil storage on land and at sea is on the rise as U.S. sanctions on exports bite and Tehran battles to keep its ageing fields operational and crude flowing, according to data and industry sources. Washington announced in May the end of sanctions waivers for foreign countries importing Iranian oil, hitting Tehran's biggest source of income. With creaking infrastructure and an ageing fleet of ships due to increasing isolation from much of the world, Iran will need to park unsold stocks of oil until it can find buyers.

  • Did You Manage To Avoid Midstates Petroleum Company's (NYSE:MPO) 38% Share Price Drop?
    Simply Wall St.yesterday

    Did You Manage To Avoid Midstates Petroleum Company's (NYSE:MPO) 38% Share Price Drop?

    Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. Active...

  • Cabot Oil & Gas Is Rising despite Weakness in the Energy Market
    Market Realistyesterday

    Cabot Oil & Gas Is Rising despite Weakness in the Energy Market

    How Did Energy Commodities Impact Energy Stocks?(Continued from Prior Part)Natural gas–weighted stocks’ returnsOn May 15–22, our list of natural gas–weighted stocks fell 10%, while natural gas April futures fell 2.2%. On average, natural

  • Which Oil-Weighted Stocks to Avoid amid Oil’s Decline?
    Market Realistyesterday

    Which Oil-Weighted Stocks to Avoid amid Oil’s Decline?

    How Did Energy Commodities Impact Energy Stocks?Oil-weighted stocks are sensitive to oilThe following oil-weighted stocks could be sensitive to oil’s price movements based on their correlations with US crude oil July futures on May 15–22:

  • Investors Who Bought Whiting Petroleum (NYSE:WLL) Shares Five Years Ago Are Now Down 93%
    Simply Wall St.yesterday

    Investors Who Bought Whiting Petroleum (NYSE:WLL) Shares Five Years Ago Are Now Down 93%

    We're definitely into long term investing, but some companies are simply bad investments over any time frame. We...

  • Reutersyesterday

    BP nears sale of stake in Egyptian oil firm to Dragon Oil - sources

    BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million (£474.9 million), industry and banking sources said. The sale, which is expected to complete in the coming weeks, would mark the end of BP's 50-year-old partnership in the Gulf of Suez Petroleum Company (GUPCO) as the London-based company focuses on developing Egypt's large offshore gas reserves. Dragon Oil, a subsidiary of Dubai's Emirates National Oil Company (ENOC), has said it plans to expand its international operations and boost its production to 300,000 barrels of oil equivalent per day by 2025.

  • Oilprice.com2 days ago

    The Silence Before The Storm In Oil Markets

    Current market volatility may seem low when taking into account the numerous supply outages and the trade war between the U.S. and China, but oil markets could be about to get a lot rockier in the second half of 2019

  • Oil Prices Could Rise As Persian Gulf Becomes ‘Danger Zone’ For Tankers
    Oilprice.com2 days ago

    Oil Prices Could Rise As Persian Gulf Becomes ‘Danger Zone’ For Tankers

    The rising risk for oil tankers in the Persian Gulf could lead to higher insurance premiums and higher crude prices in the short term

  • Oilprice.com2 days ago

    Saudi Arabia Scrambles To Calm Oil Markets

    Saudi Arabia stated that it will do everything in its power to prevent war in the increasingly volatile Middle East

  • MarketWatch2 days ago

    U.S. oil prices finish with a loss of nearly 3% as U.S. crude stocks rise

    Oil futures dropped Wednesday, with U.S. prices settling at their lowest in a week and half, after the Energy Information Administration reported an unexpected weekly climb in U.S. crude inventories, the second weekly rise in a row. "A surprise buildup of 4.7 million barrels of crude and 3.7 million barrels of gasoline pushed prices down," said Alfonso Esparza, senior market analyst at Oanda. "Middle East tensions and the ongoing [OPEC-led] crude output cut deal have kept prices in a higher range, but higher U.S. production keeps putting downward pressure on prices." July WTI oil fell by $1.71, or 2.7%, to settle at $61.42 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since May 13 and biggest one-day dollar and percentage loss in nearly three weeks, FactSet data show.

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