Edition:
United States

Commodities

As Brent oil markets rebalance, U.S. lags behind

New York and London oil futures are sending very different signals to market players about the state of global supply balances, with U.S. contracts weak even as physical crude markets rally and London prices indicate tightening supply.

More Stories Below

Commodity Chart

Commodity Futures

Energy Metals Agriculture Livestock
COMMODITY LAST CHANGE % CHANGE EXP DATE TIME 2-DAY TREND
NYMEX Crude Oil »
52.22 USD
+0.00
0.00% Oct 17 5:00pm EDT CLc1
ICE Brent Crude »
59.17 USD
+2.31
+3.90% Sep 17 5:38pm EDT LCOc1
NYMEX RBOB Gasoline »
1.72 USD
+0.00
0.00% Sep 17 5:00pm EDT RBc1
Dubai Crude Spot »
56.94 USD
+1.81
+3.18% Dec 02 6:01pm EDT DUB-1M
ICE Gas Oil »
554.00 USD
+12.50
+2.26% Oct 17 4:59pm EDT LGOc1
NYMEX No2 Heating Oil »
1.86 USD
+0.04
+2.25% Sep 17 5:00pm EDT HOc1
NYMEX Nat Gas »
2.92 USD
+0.00
0.00% Sep 17 5:00pm EDT NGc1
ICE NBP Nat Gas »
46.35 GBP
+2.60
+5.61% Sep 17 11:59am EDT NGLNMc1

More Commodity News

Hedge fund positions in oil look stretched: Kemp

Hedge funds have become strongly bullish on the outlook for all parts of the petroleum complex, amid signs global crude stocks are declining and fuels will be short supply after hurricane-related refinery outages.

Oil hits highest since July 2015; producers say market rebalancing

Oil prices soared more than 3 percent on Monday, with Brent hitting its highest in more than two years, after major producers said the global market was on its way to rebalancing, while Turkey threatened to cut oil flows from Iraq's Kurdistan region toward its ports.

Key Benchmarks

INDEX LAST CHANGE
Thomson Reuters CCI
.TRCCI
407.65 USD
4:59pm EDT
+0.32
(+0.08%)
Thomson Reuters CRB
.TRJCRB
184.61 USD
4:40pm EDT
+1.04
(+0.57%)
Baltic Dry Index
.BADI
1,502.00 USD
7:00pm EDT
+32.00
(+2.18%)
S&P GSCI
.SPGSCITR
2,318.58 USD
1:00am EDT
+4.51
(+0.20%)

Markets

S&P » 2,496.66 -0.22%
Dow » 22,296.09 -0.24%
FTSE 100 » 7,301.29 -0.13%
Nikkei 225 » 20,397.58 --
US 10YR
+2.222
-0.040
DE 10YR
+0.395
-0.006
JP 10YR
+0.025
+0.001
USD / EUR » 0.8440 +0.01%
USD / GBP » 0.7427 +0.04%
USD / JPY » 111.7100 -0.01%