US crude plunges 7.3% to $46.24, lowest settle since August 2017, on oversupply concerns [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
US crude plunges 7.3% to $46.24, lowest settle since August 2017, on oversupply concerns Oil prices plunged about 7 percent to a more than 15-month low on Tuesday as the United States and Russia continue to pump at record levels even as analysts warn that signs of faltering demand are emerging. U.S. West Texas Intermediate crude ended the session down $3.64, or 7.3 percent, at $46.24. Losses accelerated ahead of WTI's settlement, with the contract closing at its lowest level since Aug. 30, 2017. U.S. crude fell 8 percent after the settle to a low of $45.79 a barrel. Brent crude , the international benchmark for oil prices, fell $3.35, or 5.6 percent, to $56.26, a 14-month closing low. It fell to a low of $55.89 after the close. Oil prices are now trading in a zone that could trigger a plunge towards U.S. crude's 2017 low near $42 a barrel, according to John Kilduff, founding partner at energy hedge fund Again Capital. "There's not a lot of support on the chart between $48 and $42,"
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CMCSA
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- 1/25/24 - Beat
CMCSA
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 3
- 4/15/24 - Form 8-K
- CMCSA's page on the SEC website