Crude Oil Dec 33 (CLZ33.NYM)
| Pre. Settlement | N/A |
| Settlement date | 2033-11-21 |
| Open | 63.10 |
| Bid | 54.17 |
| Last price | 62.29 |
| Day's range | 63.10 - 63.10 |
| Volume | |
| Ask | 54.95 |
- Yahoo Finance Video
Gas prices could pick up in summer from refinery pressures
CIBC Private Wealth US Senior Energy Trader Rebecca Babin joins Yahoo Finance's Market Domination to talk about the price pressures in the energy market stemming from OPEC's extended production cuts for oil (CL=F, BZ=F) and its spillover into gas prices (RB=F) ahead of the summer season. "Over the course of the summer, we're going to see a lift in gas prices, probably closer to that kind of $3.65, $3.70 level. Nowhere near the point where it starts to make people change their mind on consumption," Babin states. "But I would expect we see a bottoming here, and throughout the course of the summer we see a little incremental rise as demand picks up..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Yahoo FinanceOil expected to head back into high $80s by September, JPMorgan analysts say
Oil rebounded from a sharp sell-off earlier this week.
- Yahoo Finance Video
ADP jobs data, Apple's WWDC: Wealth!
On Wednesday's episode of Wealth!, host Brad Smith delves into the latest ADP employment data, investment strategies, the world of AI, and more. The show kicks off with an analysis of the ADP Employment Report, which fell short of expectations. Brad breaks down the report's details, explaining what it measures and its significance in gauging the overall health of the economy. To provide further insights, ADP Chief Economist Nela Richardson shares her perspective on what the report reveals about the current state of the economy. The focus then shifts to oil prices (CL=F, BZ=F), which saw declines following OPEC+'s decision to extend production cuts. VettaFi's Head of Research Todd Rosenbluth shares his expertise on investing in exchange-traded funds (ETFs) as a means of navigating the volatility in the commodity market. Looking ahead, the episode explores the highly anticipated Apple (AAPL) Worldwide Developers Conference (WWDC) beginning on June 10. Yahoo Finance's Dan Howley joins the show to discuss the expectations surrounding the conference, particularly in terms of innovation and new AI offerings. This post was written by Angel Smith.
