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0.000569368001518336 0.00227747200607335 0.00272031378503199 0.00113873600303667 0.0023407351173531 0.00778326058075554 0.0146137787056368 0.011830201809325
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Crude Climbs as OPEC Sees Global Demand Trumping Shale's Growth [Bloomberg Business News]

CME GROUP (CME)  More Company Research Source: Bloomberg Business News
Last cme group earnings: 4/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
PDF Crude rose after the worst weekly decline in two years as OPEC shrugged off the threat that U.S. shale drillers will swamp the market with excess supplies. Futures in New York advanced as much as 2.8 percent, the biggest intraday jump in more than a month. Strong demand for crude coupled with restrained production from OPEC and allied suppliers will erase any remaining glut, United Arab Emirates Energy Minister Suhail Al Mazrouei, who’s also president of the cartel, said Monday. Global demand is robust enough to absorb growing output from shale fields, according to Kuwait’s oil minister. Oil prices are rising in response to “statements from OPEC telling us they believe compliance to the cuts is going to be at historic highs,” Bart Melek, head of global commodity strategy at TD Securities in Toronto, said by telephone. “Ultimately, the market is well-supported around $60. We do see the market rebalance. Inventories will continue to drop.” The U.S. benchm [Read more]

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