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Stock impact report

U.S. oil futures settle lower on demand worries; EIA forecasts a drop in shale output [MarketWatch]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: MarketWatch
U.S. benchmark oil futures settled lower Monday as pressure from the drop in crude demand outweighed support from a decision by the Organization of the Petroleum Exporting Countries to cut output starting on May 1. The decline in demand has led to a drop in U.S. oil prices of more than 60% so far this year and the Energy Information Administration on Tuesday said crude-oil production from seven major U.S. shale plays is forecast to decline by 183,000 barrels a day in May to 8.526 million barrels a day. Against that backdrop, May West Texas Intermediate oil fell 35 cents, or 1.5%, to settle at $22.41 a barrel on the New York Mercantile Exchange. Show less Read more
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