Today rate of crude oil

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Oil prices jump as China looks to kickstart its economy while Wall Street eyes Fed pause Oil prices climbed Tuesday as China's central bank lowered a key rate in a bid to boost economic growth amid a disappointing post-COVID rebound. The People's Bank of China unexpectedly trimmed its short-term lending rate and deposited 2 billion yuan into the banking system, which suggests policymakers' growing urgency to stoke the economy. The move, however, may not provide as much growth as desired, experts say, given that households and businesses still face high debt levels. China's policy loosening comes as fresh inflation data in the US raised hopes on Wall Street that the Federal Reserve will pause its rate hikes. The consumer price index on Tuesday showed a 4% rise in May compared to a year ago, below forecasts for a 4.1% gain and less than half of the 9.1% peak rate last June, but still above the Fed's 2% target. Traders expect the Fed to leave borrowing rates as-is on Wednesday, after 10 consecutive increases, before tightening again in July. But a pause, in Mohamed El-Erian's view, would

Mexico’s Energy Conundrum: AMLO’s Nationalization Plans Face Scrutiny Jun 05, 2023 at 09:10 | Felicity Bradstock Mexico’s state-owned oil company Pemex has faced challenge after challenge, following scrutiny over its poor safety standards and low production levels and now it’s likely to miss the scheduled launch…

Recent Contracts Last Chg Open High Low Date/Time $70.57 -0.05 $70.55 $70.60 $70.48 Jun 15, 2023 7:14 p.m. $70.57 -0.05 $70.55 $70.60 $70.48 Jun 15, 2023 7:14 p.m. $70.78 -0.03 $70.81 $70.81 $70.69 Jun 15, 2023 7:14 p.m. $70.81 -0.04 $70.85 $70.85 $70.73 Jun 15, 2023 7:14 p.m. $70.64 -0.08 $70.64 $70.68 $70.59 Jun 15, 2023 7:13 p.m. $70.43 -0.09 $68.61 $70.43 $70.43 Jun 15, 2023 7:00 p.m. $70.16 -0.11 $70.24 $70.24 $70.13 Jun 15, 2023 7:13 p.m. $69.87 2.16 $68.12 $70.22 $67.44 Jun 15, 2023 4:18 p.m. $69.65 2.20 $67.88 $69.81 $67.20 Jun 15, 2023 4:29 p.m. $69.30 2.10 $67.43 $69.61 $66.96 Jun 15, 2023 4:02 p.m.

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Name Expiration Price % Date MCL JUL23 6/16/2023 70.51 -0.07 6/15/2023 CL JUL23 6/20/2023 70.55 -0.03 6/15/2023 MCL AUG23 7/19/2023 70.73 -0.08 6/15/2023 CL AUG23 7/20/2023 70.75 -0.04 6/15/2023 MCL SEP23 8/21/2023 70.82 0.01 6/15/2023 CL SEP23 8/22/2023 70.78 -0.06 6/15/2023 MCL OCT23 9/19/2023 70.53 2.43 6/15/2023 CL OCT23 9/20/2023 70.68 -0.01 6/15/2023 MCL NOV23 10/19/2023 70.60 3.34 6/15/2023 CL NOV23 10/20/2023 70.43 2.67 6/15/2023 MCL DEC23 11/17/2023 70.29 3.02 6/15/2023 CL DEC23 11/20/2023 70.17 -0.04 6/15/2023 MCL JAN24 12/18/2023 70.03 1.91 6/15/2023 CL JAN24 12/19/2023 69.87 2.46 6/15/2023 MCL FEB24 1/19/2024 68.99 1.07 6/15/2023 CL FEB24 1/22/2024 69.65 2.55 6/15/2023 MCL MAR24 2/16/2024 67.77 2.68 6/13/2023 CL MAR24 2/20/2024 69.30 2.35 6/15/2023 MCL APR24 3/19/2024 69.30 1.17 6/15/2023 CL APR24 3/20/2024 69.09 3.38 6/15/2023 MCL MAY24 4/17/2024 74.76 4/11/2023 MCL MAY24 4/19/2024 67.01 2.16 6/13/2023 CL MAY24 4/22/2024 68.85 3.05 6/15/2023 MCL JUN24 5/20/2024 66.48 -1.32 6/14/2023 CL JUN24 5/21/2024 68.44 -0.07 6/15/2023 MCL JUL24 6/18/2024 68.29 6/15/2023 CL JUL24 6/20/2024 68.31 2.51 6/15/2023 CL AUG24 7/22/2024 67.65 3.22 6/15/2023 CL SEP24 8/20/2024 67.74 2.79 6/15/2023 CL OCT24 9/20/2024 67.53 2.68 6/15/2023 CL NOV24 10/22/2024 66.97 1.86 6/15/2023 CL DEC24 11/20/2024 66.88 -0.12 6/15/2023 CL JAN25 12/19/2024 66.12 1.79 6/15/2023 CL FEB25 1/21/2025 63.44 -2.4 6/12/2023 CL MAR25 2/20/2025 65.64 0.75 6/15/2023 CL APR25 3/20/2025 66.07 -4.73 6/5/2023 CL MA...

BENGALURU, June 12 (Reuters) - Oil prices fell by around $3 a barrel on Monday after analysts highlighted rising global supplies and concerns about demand growth just ahead of key inflation data and a U.S. Federal Reserve meeting later this week. Brent crude futures fell $2.95, or 3.9%, to settle at $71.84 a barrel, their lowest since Dec. 2021. West Texas Intermediate crude fell $3.05, or 4.4%, to settle at $67.12 a barrel. Goldman Sachs cut its oil price forecasts early on Sunday, citing higher-than-expected supplies later this year and through 2024. The bank's December crude price forecast now stands at $86 a barrel for Brent, down from $95, and at $81 a barrel for WTI, down from $89. "Goldman capitulating on their bullish price forecast appears to have been the catalyst to kickstart selling today," said Kpler analyst Matt Smith. The revision comes at the start of a busy week for the U.S. Federal Reserve, which meets on Wednesday. While the Fed is expected to leave interest rates unchanged this month, investors are concerned that rate hikes are likely to resume next month, said UBS analyst Robert Yawger. The Fed's rate hikes have strengthened the dollar, making commodities denominated in the U.S. currency more expensive for holders of other currencies and weighing on prices. "The Fed meeting and inflation pressures remain key issues for the market this week," said Rob Haworth, senior investment strategist at U.S. Bank Asset Management. "The more likely hold on interest ...