The surge was fuelled by an OPEC commentary saying the cartel was willing to talk to other producers to achieve reasonable oil prices, as well as by the downward revision of U.S. output data by the U.S. Energy Information Administration. Brent crude for October delivery had dropped $1.85 to $52.30 a barrel, or 3.4 percent, as of 0030 GMT after climbing $4.10, or 8.2...» Read More
Abhishek Deshpande, oil and gas analyst at Natixis, says the geopolitical risks threatening oil supply have been removed from the market.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The global supply glut concerns continue, as WTI and Brent were both down on the day. Nat gas popped 7 percent as cold weather hit the midwest.
Discussing which retail sectors stand to benefit from cheap gas, with Chris Christopher, IHS Global Insight economist.
Discussing the real impact of lower oil prices, with Sal Catrini, SunTrust Robinson Humphrey; Mark Lehmann, JMP Securities; Steve Parker, JPMorgan Private Bank; and Christine Short, Estimize.
Oil price is lower, so do the oil services stocks have further to fall? Brandon Dobell, William Blair analyst, says consolidation will continue in energy, and shares his top picks.
CNBC's Jackie DeAngelis reports nothing has changed regarding the fundamental picture for oil, and the moves are related to technical buying.
CNBC's Jackie DeAngelis reports weekly natural gas inventories climbed 40 billion cubic feet.
CNBC's Jackie DeAngelis takes a close look at the potential energy deal between Baker Hughes and Halliburton, and discusses the obstacles the companies will likely face.
Frank Holmes, CEO & CIO at U.S. Global Investors, explains how declining energy prices could provide financial relief for American consumers and retailers such as Wal-Mart.
Jonathan Barratt, Chief Investment Officer of Ayers Alliance Securities, outlines the factors that could continue to contribute to a lull in oil prices moving forward.
Ben Lichtenstein, President and Founder of Tradersaudio.com, attributes oil's plunge to oversupply and rising efficiency in refineries, instead of slowing economic growth.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil fell to below $75/barrel, mostly due to news out of Mexico and a significant increase in U.S. production.
CNBC's Jackie DeAngelis reports natural gas opened lower today, and traders expect crude oil prices to decline from current levels.
With oil dropping below $77 a barrel, Lindsey Piegza, Sterne Agee chief economist, discusses how the ripple effect of low oil translates to direct savings for American consumers and impacts retail.
Speaking in Mexico on Wednesday, Saudi Oil Minister Ali al-Naimi knocked down talk of OPEC waging a 'price war' in the global oil market, and prices fell as a result. CNBC's Amanda Drury and Brian Sullivan report.
Ashley Heppenstall, CEO of Lundin Petroleum, says the lower oil price is already having an impact on production in the U.S., but the extent of the effects are not known.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was under pressure in the morning, but ended the day up slightly. The stronger dollar and supply situation continue to put pressure on oil.
As equities rise, CNBC's Jackie DeAngelis reports oil continues to slide and gold stabilizes but could see more of a decline.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, says OPEC is unlikely to decide on an output cut at its next meeting and expects brent to slip below $75 a barrel in early-2015.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down another dollar today. Natural gas was down on the day, even though a major cold snap is on the way.