Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Crude Oil WTI Futures - May 24 (CLK4)

Real-time capital.com
Symbol
Exchange
Currency
CLDerivedUSD
WTCLc2ICEUSD
WTCLc5ICEUSD
WTCLc4ICEUSD
CLc7CMEUSD
CLc6CMEUSD
CLc5CMEUSD
CLc4CMEUSD
WTCLc3ICEUSD
MCGBc1MCXINR
WTCLc1ICEUSD
MCGBc3MCXINR
MCGBc2MCXINR
CLc3CMEUSD
CLc2CMEUSD
CLc1CMEUSD
JCOc1TOCOMJPY
Currency in USD
Disclaimer
82.05
-0.68(-0.82%)
Real-time Data

Crude Oil WTI Futures Discussions

I just read this in an article about BP.\n\nHowever, investors should remember that timing the supply crunch is less important than understanding its inevitability. Today, tomorrow, or a week from now, the reduction of oil production is a verified trend.\n\nMore than half of all American oil rigs have stagnated since then. U.S. output in August and September was down an average of 330,000 barrels per day from June and July. Once OPEC has pushed enough competitors into the red, the organization will let oil prices go higher. (Source: “OPEC Sees U.S. Oil Output Falling for First Time in Eight Years,” Bloomberg, October 12, 2015.) At this point, it’s just a waiting game.\n\n\n
Vandal, look at the opposite, what happens if they say, steady as she goes?
Sure, Vandal, who knows what will happen. But purely from a strategic business standpoint, if they let prices go higher, shale and other production will quickly spike and oil price will capitulate. It's a double-edged sword for OPEC: but what they need is not higher prices, it's market share and control for their members...as always....
If they say steady as she goes then...that means up because the technical and price trend is up.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.