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Crude Oil Feb 25 (CLG25.NYM)
| Pre. Settlement | N/A |
| Settlement date | 2025-01-21 |
| Open | 78.29 |
| Bid | 77.71 |
| Last price | 78.08 |
| Day's range | 78.18 - 78.29 |
| Volume | |
| Ask | 78.57 |
Yahoo FinanceOil jumps to 2023 highs amid low tank levels at US storage hub
A major crude storage hub in the US is running low on stockpiles at a time when world markets are feeling a supply squeeze.
ReutersUS oil jumps $1 on crude draw, tight global supply
(Reuters) -U.S. oil jumped nearly $1 a barrel on Thursday to its highest in more than a year as a steep drop in crude stocks in the United States added to worries of tight global supplies from OPEC+ cuts led by Saudi Arabia. U.S. West Texas Intermediate crude futures (WTI) led the charge, rising above $95 for the first time since August last year. "The oil market is quickly coming to terms with the fact that the OPEC+ cuts announced in the summer are having a deep effect on crude availability," said Stefano Grasso, a senior portfolio manager at 8VantEdge in Singapore.
ReutersUS judge refuses to overturn Exxon permit denial to truck crude oil in California
A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed. U.S. District Judge Dolly Gee in Los Angeles denied Exxon's bid to reverse the Santa Barbara County Board of Supervisors' denial of a trucking permit in early 2022, saying the board's decision was substantially supported by evidence that transporting crude oil by tanker trucks could present safety concerns on state highways. Gee ruled that while Exxon has a right to operate its offshore oil platforms and related infrastructure in the area, it does not have a vested or fundamental right to use trucks to transport its crude while the pipeline system is fixed.
