Still, oil is enjoying support from renewed interest in the broader commodities space as the U.S. dollar continues its overall downward trend and as investors look to hedge against inflation. A gauge of demand for overall petroleum products rose to the highest in more than two months. Detailed forecast table. “There’s a lot of green shoots in demand,” said Matt Sallee, portfolio manager at Tortoise, a firm that manages roughly $8 billion in energy-related assets. Oil advanced to the highest in over a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global consumption. At the same time, retail gasoline prices in California rose to $4 a gallon for the first time in a year and a half as restrictions ease in the most-populous U.S. state. The Brent Crude Oil Futures large speculator standing this week resulted in a net position of -26,711 contracts in the data reported through Tuesday. Get the latest data from stocks futures of major world indexes. Stay updated with spot price, OI percent change, put call ratio & more! (Bloomberg) -- The U.S. oil futures curve is showing signs of strain and may soften further in the coming weeks with Asian refiners’ appetite for American barrels diminishing. Get the latest Oil price (CL:NMX) as well as the latest futures prices and other commodity market news at Nasdaq. (Bloomberg) -- Oil futures in New York and London closed at the highest level in more than three months on optimism that fuel demand is recovering as lockdowns are lifted. Bloomberg the Company & Its Products The Quint. Get updated commodity futures prices. WTI is a light crude oil with an API gravity of around 39.6 and specific gravity of about 0.827. Bloomberg Commodity Index Futures Futures: The Bloomberg Commodity Index Futures large speculator standing this week recorded a net position of -12,101 contracts in … View and compare BLOOMBERG,FUTURES on Yahoo Finance. Crude oil predictions and projections. The price is in US Dollar per 1 oil barrell. The hefty decline in U.S. distillate supplies comes as robust freight demand drives a trucking boom, providing another sign of the recovery underway in the world’s largest oil-consuming country. It is a grade of crude oil used as a benchmark in oil pricing and a underlying commodity of New York Mercantile Exchange's oil futures contracts. News • Apr 22, 2021. (Bloomberg) --Oil fell for a second day with an increase in U.S. crude inventories compounding concerns around a choppy global demand recovery. Oil Buyer's Guide March 10, 2017 4 Benchmarks For live spot prices, click here or run BOIL on Bloomberg. Macro factors should “remain supportive for the foreseeable future and, as such, commodities should continue to outperform other asset classes, attracting even more investor capital to the space.”, — With assistance by Alex Longley, and Jack Wittels, Yellen Doesn’t See Biden Plan Creating Inflation ‘Issue’. Before it's here, it's on the Bloomberg Terminal. Bloomberg | Quint is a multiplatform, Indian business and financial news company. For crack spreads, click here or run CRKS Futures Based Swaps PERIOD WTI BRNT WTI/BRNT NYULSD NYULSD/WTI Bal Mo 49.84 52.44 -2.59 153.45 14.61 APR 17 50.23 52.67 -2.44 154.28 14.57 MAY 17 50.59 52.86 -2.27 155.12 14.56 ProShares UltraShort Bloomberg Crude Oil seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. Crude oil Brent price forecast for next months and years. Bloomberg. It may either be an American style option or an European style option or such other exercise style of option as the relevant authority (stock exchange) may prescribe from time to time. Oil price forecast for 2021, 2022, 2023 and 2024. Gasoline inventories grew for a fourth straight week, the EIA data showed. Buffett’s Meeting of Many Mea Culpas: From Apple to Health Care, Buffett Calls SPACs a ‘Killer,’ Make Berkshire Less Competitive, Rich Americans Fleeing Tax Hikes May Turbocharge Shift to ETFs, Buffett’s Berkshire Gets More Cautious on Stocks and Buybacks, The Price of the Stuff That Makes Everything Is Surging, West Texas Intermediate for June delivery rose 92 cents to settle at $63.86 a barrel, Brent for June settlement gained 85 cents to $67.27 a barrel on the ICE Futures Europe exchange, posting the largest daily gain since April 14, Both benchmarks were at the highest since March 17. A U.S. government report showed total petroleum stockpiles dropped last week, led by the biggest weekly decrease in distillate inventories since early March. Futures in New York dropped 0.6% after closing above $65 a barrel on Thursday for the first time since mid-March. It's a pivotal moment for the oil industry. Find the latest ProShares Ultra Bloomberg Crude (UCO) stock quote, history, news and other vital information to help you with your stock trading and investing. Find information about commodity prices and trading, and find the latest commodity index comparison charts. The risks to the demand outlook are starting to show up in gauges of market health, however. June WTI crude oil (CLM21) on Thursday closed up +1.15 (+1.80%), and June RBOB gasoline (RBM21) closed up +2.95 (+1.42%). (Bloomberg) -- Oil fell for a second day with an increase in U.S. crude inventories compounding concerns around a choppy global demand recovery. With a pandemic-induced demand crash, the uncertainty about the long-term prospects for gas is growing. Abu Dhabi set the price for its benchmark Murban crude grade based on futures trading on an exchange in the Middle Eastern petrostate for the first time. BloombergNEF Oil refining is a key element of the global energy system. Bloomberg Commodity Index Futures: The Bloomberg Commodity Index Futures large speculator standing this week recorded a net position of -9,343 contracts in … The major futures markets are pointing to a decline of 1.6 percent. WTI and Brent crude oil futures inched lower this morning, weighed down by rising market recover concerns after OPEC+ lowered their 2021 demand growth forecast and … Crude oil and gasoline prices on Thursday posted 6-week highs and settled moderately higher. Crude oil prices rallied on optimism that global energy demand will accelerate as economies around the world recover from the pandemic. A futures contract is a legally binding agreement to buy or sell the underlying security in the future. (Bloomberg) -- Oil fell the most in roughly a week after France announced it will start a month-long lockdown, while OPEC+ voiced its concerns about the strength of oil … The Energy Information Administration report also showed domestic crude inventories rose by 90,000 barrels last week, smaller than the 4.32 million barrel increase reported by the industry-funded American Petroleum Institute on Tuesday. Meanwhile, Rystad lowered its oil liquids consumption estimates for India, seeing a 1.4 million barrel-a-day global inventory surplus in May due to the demand loss. Meanwhile, Goldman Sachs Group Inc. is forecasting an unprecedented jump in global oil demand as vaccination rates rise. 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