Crude oil futures drop at open of Asian trading [Yahoo! Finance News]
Chevron Corporation (CVX)
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Source: Yahoo! Finance News
An oil pump jack pumps oil in a field near Calgary) - Crude oil futures fell in electronic trading on Sunday evening, with U.S. futures touching levels not seen since November 2001, extending last week's weakness on the back of sliding demand because of the COVID-19 pandemic that has killed more than 164,000 people worldwide.The oil market has been under pressure due to a spate of reports on weak fuel consumption and grim forecasts from the Organization of the Petroleum Exporting Countries and the International Energy Agency. OPEC, in conjunction with allies, agreed to cut production by 9.7 million bpd beginning in May to stem a growing supply glut as stay-at-home orders and business furloughs sap fuel demand.The front-month May futures contract was down 5.8%, or $1.05, to $17.22 a barrel as of 7:23 p.m. EDT 2323 GMT). At one point, U.S. futures hit $17.14 a barrel, the lowest since November 2001.That contract is expiring on Tuesday, and the June contract, which is becoming more activ
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- 10/31/25 - Beat
CVX
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- 12/3/25 - Form 4
- 12/3/25 - Form 4
- CVX's page on the SEC website