Feb 5- U.S. energy firms deepened their cuts in oil drilling rigs in the seventh week of declines to the lowest levels since March 2010, data showed on Friday, as they continue to cut spending due to the collapse in crude prices. Front-month U.S. crude futures were trading at about $31 per barrel and Brent at $34 on Friday, on track to end the week lower after two...» Read More
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Traders expect to see another build in crude inventories tomorrow. Nat gas was higher today, as frigid temps remained in the northeast.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. News from the IEA suggests Middle East production is stalling. Oil ended the day up 75 cents.
Todd Horwitz, author and founder of AverageJoeOptions.com, discusses his thoughts on U.S. markets, with comments on Greece, technology and oil.
Brian Reynolds, chief market strategist at Rosenblatt Securities, talks about the current state of the U.S. economy, and says the agreement between Russia and Ukraine is not a big macro driver.
Could the agreement in Minsk between Russia and Ukraine lead to a lift in Western sanctions? James Butterfill, global equity strategist at Coutts, weighs in.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. There was a big build in oil and gas today, and both were down on the day.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down big on the day as the EIA said it would take time to work through inventories. And after Citi's $20 call yesterday, JPMorgan piled on today.
The International Energy Agency (IEA) has released a warning saying that the oil prices may continue to fall, as crude oil stocks increase. Maria van der Hoeven, executive director at IEA, discusses the findings, saying that the "future market will never be the same" as before.
Has the oil price finally hit a bottom? Dennis Gartman, founder and editor of the Gartman Letter, explains why it could fall to as low as $20 per barrel.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC says lower prices will hurt US producers, forcing countries to buy Middle Eastern oil. And Citi says oil could fall to $20.
Michele Della Vigna, head of European energy research at Goldman Sachs, says the dynamics of the oil industry have changed thanks to U.S. shale.
CNBC's Jackie DeAngelis reports on the latest trading action at the Nymex.
Abhishek Deshpande, oil and gas analyst at Natixis, says the oil rally has been confusing as the fundamentals of the market still remain weak.
Miswin Mahesh, oil analyst at Barclays, says Saudi Arabia will not cut oil production, leading to weakness in the price during the first half of the year.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude oil popped today, closing over the $50 level. Also, the natural gas drawdown was far lower than expected, which drove prices down.
Discussing what's going on with the volatile price movements in oil, with Kyle Cooper, IAF Advisors. Cooper shares his near-term prediction.
CNBC's Jackie DeAngelis reports natural gas inventories is down 115 bcf.
Will oil's volatility continue? Andy Lipow, Lipow Oil Associates president, provides perspective.
Simon Flowers, senior vice president for global industry and corporate analysis at Wood Mackenzie, discusses how much cost-cutting needs to take place with the oil price so low.
Saudi Arabia's Finance Minister, Ibrahim bin Abdulaziz Al-Assaf, says the country has buffers and reserves in place to deal with the low oil price.