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Crude Oil Oct 25 (CLV25.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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72.29-1.22 (-1.66%)
At close: 11:02AM EDT
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  • Yahoo Finance Video

    Tech records, oil, Nvidia's future: Market Takeaways

    Tech sector funds have seen record inflows this week, according to Bank of America's Investment Strategy and EPFR, while crude oil prices (BZ=F, CL=F) are on the rise. In addition, Nvidia (NVDA) shares were bogged down in Friday's session following a sell-off on Thursday. What is in the chip giant's future, and can its stock price manage to bounce back? Yahoo Finance's Jared Blikre walks through the latest market trends for Friday, June 21. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino

  • Yahoo Finance

    Oil expected to fall into $60 range in 2025 as inventories build: Citi

    Oil prices are expected to stay in the mid-$80 range this summer, but increasing supply and slowing demand will bring down prices next year, according to Citi analysts.

  • Yahoo Finance Video

    Oil prices could be in the $60s next year: Strategist

    Oil (BZ=F, CL=F) prices are in the spotlight as they continue to rise, despite growing demand uncertainty. Citi's Global Energy Strategist Eric Lee joins Catalysts to provide his perspicacious outlook. As the latter half of the year approaches, Lee foresees "markets getting a lot weightier" due to the intricate supply and demand dynamics. However, he cites geopolitical factors and weather patterns are what's "keeping the market nervous." Nonetheless, two factors could potentially alleviate this nervousness: slowing US gasoline demand and the fact that "profitability is problematic" within refineries. Turning his attention to the trajectory of future oil prices, Lee told Yahoo Finance: "We essentially think fundamentals, supply and demand, and global inventories will be building a lot next year." He added a cautionary note, stating, "I think when the markets see that, that is bearish for the price, and it [oil] can decouple from other sectors." 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.