Crude Oil May 24 (CL=F)
| Pre. Settlement | N/A |
| Settlement Date | 2024-04-22 |
| Open | 82.62 |
| Bid | 82.33 |
| Last Price | 82.73 |
| Day's Range | 81.80 - 86.28 |
| Volume | |
| Ask | 85.90 |
- Yahoo Finance Video
SLB posts Q1 earnings beat, sees softening oil demand in US
Shares of Schlumberger Limited (SLB) are dipping slightly on Friday as the oil drilling operator posted its first-quarter earnings, beating Wall Street revenue expectations for the quarter but disappointing on its failure to truly capitalize on the recent jump in oil prices. Yahoo Finance Anchors Julie Hyman and Madison Mills break down the latest development for the company and what it could mean for the stock moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Is the Israel-Iran conflict over for now after airstrikes?
On Thursday night, Israel retaliated against Iran in response to the latter's April 13 airstrikes. According to a report from the BBC, explosions were also reported in Iraq and Syria. Crude oil futures (BZ=F, CL=F) remain largely unaffected, to the surprise of some on Wall Street. Yahoo Finance Senior Columnist Rick Newman joins the Morning Brief to break down the conflict between Israel and Iran. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Oil analyst: Israel-Iran escalations not out of equation yet
Oil prices (BZ=F, CL=F) have been moving back and forth since Iran's attack on Israel last weekend, with Israel ultimately retaliating Thursday night and raising more concerns of further escalation. With tensions rising in the Middle East and the potential for conflict to spread, concerns over the impacts on global oil production have also been raised. Prosper Trading Academy CEO Scott Bauer joins The Morning Brief to discuss oil prices, the state of shipping in the Middle East, and impacts on consumers and investors alike. Bauer outlines what risks are at stake and what to keep in mind during these tense times: "The real risk of this is that the Strait of Hormuz closes down or consolidates at a point where we can't get crude through there because 20% of the world's supply passes through there, so that is the big risk. It's not a risk of Iran is not going to supply anything or oil is not going to still be pumped — it's the delivery. So that's number one. Number two, where do we go from here? I know people are pegging $100 [per barrel], I think that's just an easy number... and what we have to keep in mind is when the start of the conflict between Russia and Ukraine began, we saw oil prices spike all the way to $125, I don't see that happening." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
