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Crude Oil Futures - Sep 16 (CLU6)

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44.23 -0.52    -1.16%
22/07 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 44.75
  • Open: 44.61
  • Day's Range: 43.74 - 44.95
Crude Oil 44.23 -0.52 -1.16%
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Crude Oil Contracts


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Latest Crude Oil Comments

Gangster Friend of John Lee
Gangster Friend of John Lee Just Now
Population Growth = Greater Crude Oil Demand by John Lee: there are 7.44 billion people on this planet, of which 1.41 billion live in China, 1.30 billion live in India, and only .32 billion in the U.S. as the top 3 most populous countries. These three countries are the drivers of energy demand growth, especially in the form of gasoline. In terms of supply, the U.S. is #3 and China is #5 in terms of crude production. However, the greatest shortfalls in these two non-OPEC countries account for over 1.5 mb/d loss in just the last 12 months combined. As their population continues to grow, they must import crude to supplement their domestic need of 19.7 mb/d and 11.0 mb/d respectively. OPEC is incapable of supplying these needs without drawing from storage. And although India does not produce much crude, they are the main engine of global demand growth in 2016. Therefore, global inventories are set to shrink in the coming weeks, months, and years to come, giving support to higher prices.
Johan Nachmanson
Johan Nachmanson 1 minute ago
Loco everytime oil inches up a little, then it's like "next 45,70 then 47, and this has bottomed bla bla bla". Been so much bullish talks, what happens, exakt opposite.
Sky Lupo
TexasTea 1 minute ago
Icahn inch us DJ
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