Sign in
Download Opera News App

NEW YORK MERCANTILE EXCHANGE

Crude nears 2-year high

West Texas Intermediate on the New York Mercantile Exchange climbed $2.26 Friday to close at $66.09 a barrel, capping three straight days of gains.Prices had started the week on a low note, falling below $60 Tuesday to $59.75 a barrel.

chron.com ,  2d 0
Crude nears 2-year high

Oil Below $60 on Bets Major Oil Producers to Ease Output Cuts By Investing.com

Investing.com - WTI crude oil prices slipped below $60 a barrel Tuesday, on growing expectations that major oil producers will agree to ease production cuts at a key meeting next week on bets that crude supplies will likely outstrip demand as the global vaccine-led recovery gathers pace.

investing.com ,  5d 0
Oil Below $60 on Bets Major Oil Producers to Ease Output Cuts By Investing.com

Natural-gas futures log highest finish since November; U.S. oil prices top $60 a barrel

Natural-gas futures rallied Tuesday, as extreme cold weather in many parts of the U.S. led to a spike in demand for fuel. The rally for prices has been supported by "elevated, weather-driven demand across much of the nation," said Tyler Richey, co-editor at Sevens Report Research. "Supply has also become an issue in some locations as the storage infrastructure has literally frozen, preventing physical delivery to various consumers," including utility companies. On the New York Mercantile Exchange, March natural

marketwatch.com ,  19d 0
Natural-gas futures log highest finish since November; U.S. oil prices top $60 a barrel

PUCO Accepts Results of Dominion Energy Ohio’s Natural Gas Supply Auction

COLUMBUS, OHIO (Feb. 10, 2021) – The Public Utilities Commission of Ohio (PUCO) today accepted the results of Dominion Energy Ohio’s auction for its standard service offer (SSO) and standard choice offer (SCO). The auction secured natural gas supplies for Dominion’s SSO/SCO customers for the period April 1, 2021 through March 31, 2022. The auction resulted in a retail price adjustment (RPA) of $0.15 per thousand cubic feet (Mcf). Dominion’s SSO/SCO rate changes monthly and will be calculated as the sum

themountvernongrapevine.com ,  25d 0
PUCO Accepts Results of Dominion Energy Ohio’s Natural Gas Supply Auction

Oil prices climb back to pre-COVID levels

Price rises $4.65 this week, approaches $57 closing price Crude prices have climbed to their highest level since February 2020, just before the start of the novel coronavirus COVID-19 and resulting oil market crash. Crude prices have climbed to their highest level since February 2020, just before the start of the novel coronavirus COVID-19 and the resulting oil market crash. West Texas Intermediate on the New York Mercantile Exchange briefly passed $57 a barrel in Friday trading before closing at $56.85 a barrel,

chron.com ,  1m 0
Oil prices climb back to pre-COVID levels

$50 oil has some encouraged in the Permian

Crude prices traded in a narrow range this week, boosted by hopes for more economic stimulus from the incoming Biden Administration but also weighed by concerns about oil demand amid continued lockdowns to battle the COVID-19 pandemic. less Crude prices traded in a narrow range this week, boosted by hopes for more economic stimulus from the incoming Biden Administration but also weighed by concerns about oil demand amid continued lockdowns to ... more Crude prices traded in a narrow range this week, boosted

mrt.com ,  1m 0
$50 oil has some encouraged in the Permian

Baker Hughes data reveal an 8th weekly rise in a row for the U.S. oil-rig count

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 12 to 287 this week. That followed increases in each of the last seven weeks. The total active U.S. rig count, which includes those drilling for natural gas, was also up by 13 to 373, according to Baker Hughes. February West Texas Intermediate crude continued to trade sharply lower following the data, losing $1.34, or 2.5%, to $52.23 a barrel on the New York Mercantile Exchange. ...

marketwatch.com ,  1m 0
Baker Hughes data reveal an 8th weekly rise in a row for the U.S. oil-rig count

Chicago’s Dystopian Bet on Water Trading, Explained

The Chicago Mercantile Exchange, a.k.a. the Merc. What began as the Chicago Butter and Egg Board in 1898 is now a labyrinthine network for futures trading in sectors including agriculture, real estate, and metals. Futures trading — no shame in not knowing! — is the practice of betting on the future price of commodities in order to manage financial risk. It’s basically fantasy football for capitalists. The Key Players • Farmers, municipalities, and us People who need water to survive and/or stay

chicagomag.com ,  1m 0
Chicago’s Dystopian Bet on Water Trading, Explained

Oil pulls back as China lockdowns temper ‘euphoria’

Oil futures traded lower Friday, putting crude on track for a mixed weekly performance, as investors weighed news of fresh COVID-19 outbreaks in China which has been an engine of demand as other major economies were slowed by the coronavirus pandemic. West Texas Intermediate crude for February delivery CL.1 CLG21 fell 55 cents, or 1%, to $53.02 a barrel on the New York Mercantile Exchange, leaving the U.S. benchmark on track for a 1.5% weekly rise. March Brent crude BRN00 BRNH21, the global benchmark, was down

marketwatch.com ,  1m 0
Oil pulls back as China lockdowns temper ‘euphoria’

Oil futures settle at their highest since February 2020

Oil futures rose Thursday, with U.S. prices logging their highest settlement since February of last year. Risky assets, including crude prices, have benefitted, in part, from expectations that the looming stimulus package announcement from President-elect Joe Biden's administration is "just the beginning of fiscal support he will deliver," said Edward Moya, senior market analyst at Oanda. February West Texas Intermediate crude rose 66 cents, or nearly 1.3%, to settle at $53.57 a barrel on the New York Mercantile

marketwatch.com ,  1m 0
Oil futures settle at their highest since February 2020

Oil Rally Takes a Breather Amid Rising Fuel Inventories

U.S. oil prices hit a speed bump yesterday, as investors looked past the Energy Information Administration’s ("EIA") fifth successive weekly crude stockpile draw and turned their attention to the rising gasoline and distillate supplies. On the New York Mercantile Exchange, WTI crude futures edged down 30 cents or 0.6%, to settle at $52.91 a barrel on Wednesday. Below we review the EIA's Weekly Petroleum Status Report for the holiday-shortened week ending Jan 8. Analyzing the Latest EIA Report Crude Oil: The

zacks.com ,  1m 0
Oil Rally Takes a Breather Amid Rising Fuel Inventories

Oil books gains, with U.S. prices closing at their highest in 11 months

Traders optimistic that a new U.S. coronavirus relief plan could boost oil demand Oil futures booked gains on Thursday, with U.S. benchmark prices finishing at their highest since February of last year, buoyed by the continuing COVID-19 vaccine rollout and expectations that the Biden administration’s stimulus package will help improve demand for crude. Risky assets, including crude prices, have benefited from expectations that the stimulus package, which is set to be announced Thursday evening by President-elect

marketwatch.com ,  1m 0
Oil books gains, with U.S. prices closing at their highest in 11 months

Oil snaps 6-day winning streak as U.S. dollar rises, product inventories build

© Johannes Eisele/Agence France-Presse/Getty Images FUTURES MOVERS Oil futures ended lower in a choppy session, snapping a six-day winning streak for the U.S. benchmark, after the U.S. dollar gained ground and inventories of gasoline and distillates rose more than expected. West Texas Intermediate crude for February delivery fell 30 cents, or 0.6%, to $52.91 a barrel on the New York Mercantile Exchange. WTI’s six-day winning streak was the longest since May, according to Dow Jones Market Data. March Brent

msn.com ,  1m 0
Oil snaps 6-day winning streak as U.S. dollar rises, product inventories build

Oil prices edge higher after inventory fall

Storage in focus. Oil futures continued their push higher Wednesday, buoyed by industry data that showed a drop in U.S. crude inventories as investors brushed off tightening restrictions on business activity due to the COVID-19 pandemic. West Texas Intermediate crude for February delivery CL.1 CLG21 rose 20 cents, or 0.4%, to $53.41 a barrel on the New York Mercantile Exchange. March Brent crude BRN00 BRNH21, the global benchmark, was up 13 cents, or 0.2%, to $56.71 a barrel on ICE Futures Europe. Both benchmarks

marketwatch.com ,  1m 0
Oil prices edge higher after inventory fall

Oil ends at nearly 11-month high as dollar weakness resumes

Oil futures rose Tuesday, with the U.S. benchmark closing at its highest since Feb. 21 as the U.S. dollar came under renewed pressure. West Texas Intermediate crude for February delivery rose 96 cents, or 1.8%, to close at $53.21 a barrel on the New York Mercantile Exchange. The move came as the ICE U.S. Dollar Index , a measure of the currency against a basket of six major rivals, fell 0.4% to trade near a more-than-2-1/2-year low. A weaker dollar is seen as a boost for commodities, like oil, that are traded

marketwatch.com ,  1m 0
Oil ends at nearly 11-month high as dollar weakness resumes

Oil prices resume push to upside as dollar bounce abates

Oil futures traded higher Tuesday, with Brent crude resuming a push to the upside as a bounce by the U.S. dollar appeared to lose steam. West Texas Intermediate crude for February delivery CL.1 CLG21 rose 81 cents, or 1.6%, to $53.06 a barrel on the New York Mercantile Exchange. March Brent crude BRN00 BRNH21, the global benchmark, was up 84 cents, or 1.5%, at $56.50 a barrel. WTI... Oil futures traded higher Tuesday, with Brent crude resuming a push to the upside as a bounce by the U.S. dollar appeared to

marketwatch.com ,  1m 0
Oil prices resume push to upside as dollar bounce abates

Oil erases loss to end near unchanged

Oil futures erased an early loss, with the U.S. benchmark eking out a tiny gain to close at a 10-month high as pressure from a rising dollar and worries over a COVID-related hit to demand was overshadowed by optimism over prospects for near-term exports. West Texas Intermediate crude for February delivery CL.1 CLG21 rose a penny to finish at $52.25 a barrel on the New York Mercantile Exchange, the highest close for a front-month contract since Feb. 21. March Brent crude BRNH21 BRN00 , the global benchmark,

marketwatch.com ,  1m 0
Oil erases loss to end near unchanged

Crude ends week with good price news

West Texas Intermediate on the New York Mercantile Exchange reached its highest level since last February, rising $1.41 to close at $52.24 on Friday. The posted price closed at $48.72. In another twist to the new year, West Texas Sour spent the week priced higher than Intermediate, by approximately $1.25 per barrel. less West Texas Intermediate on the New York Mercantile Exchange reached its highest level since last February, rising $1.41 to close at $52.24 on Friday. The posted price closed at $48.72. In another

mrt.com ,  1m 0
Crude ends week with good price news

Oil futures settle higher, with U.S. prices tallying a weekly climb of nearly 8%

Oil futures rose Friday for a fourth straight session, with U.S. prices posting a weekly gain of 7.7%. Analysts attributed the bulk of the week's gains to Saudi Arabia’s recent decision earlier this week to cut its output by additional 1 million barrels per day starting next month. February West Texas Intermediate crude rose $1.41, or 2.8%, to settle at $52.24 a barrel on the New York Mercantile Exchange. ... Oil futures rose Friday for a fourth straight session, with U.S. prices posting a weekly gain

marketwatch.com ,  1m 0
Oil futures settle higher, with U.S. prices tallying a weekly climb of nearly 8%