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Showing 1 - 6 of 6 results for "May delivery"

Chief economist update: The second oil price discounting wave

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2020
... stable prices at current prices (at worst). But this failed to stop US oil futures contracts expiring on April 21 for May delivery sinking to minus US$36.98 a barrel as oil storages filled up and therefore, nowhere to stock the oil to be delivered in ...

Chief economist update: Easing restrictions narrow oil demand-supply equation

BENJAMIN ONG  |  MONDAY, 18 MAY 2020
... buyers to come and take their stocks off them. This was on April 20, one day before the WTI oil futures contracts for May delivery dropped to minus US$36.98 per barrel. The price of Brent oil remained positive but still plummeted to a 34-year low of ...

Oil tanks

BENJAMIN ONG  |  TUESDAY, 21 APR 2020
... And that was pre-coronavirus time. This time it's all about oil. US oil futures contracts expiring on 21 April for May delivery dropped to minus US$35.20 a barrel - i.e. oil producers are paying buyers to come and get their supply. With planes, trains ...

Market wrap

AAP  |  THURSDAY, 2 APR 2015
... deadly explosion and fire on an oil platform in the Gulf of Mexico. The US benchmark, West Texas Intermediate for May delivery, surged $US2.49 to close at $US50.09 a barrel on the New York Mercantile Exchange, snapping a three-day losing streak. Woodside ...

Market Wrap - Morning

AAP  |  MONDAY, 11 APR 2011
... York's main contract soared to $US112.79 - a level last seen in September 2008 - while Brent North Sea crude for May delivery ended up $US3.98 at $US126.65. Bond prices fell. The yield on the 10-year Treasury rose to 3.57 per cent, from 3.56 per cent ...

Market Wrap - Midday

AAP  |  MONDAY, 9 MAR 2009
... to nearly 10 per cent, as another drop in stockpiles resuscitated hopes of a demand pick-up in China. Copper for May delivery in New York rose 3.55 cents to close at $1.6890 a pound.
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