*OPEC oil production up 140,000 bpd in July- Reuters survey. LONDON, July 31- Oil prices steadied on Friday as a sharp fall in the dollar balanced evidence of growing oversupply, with core OPEC producers pumping near record levels. Brent crude oil was down 25 cents at $53.06 a barrel by 1350 GMT.» Read More
Alejandro Barbajosa, VP, Crude & LPG - Middle East & Asia-Pacific at Argus Media, says Saudi Arabia's recent pricing decisions could prompt "strong cohesive actions" from OPEC.
Richard Yetsenga, Head of Global Markets Research at ANZ, discusses the rationale behind Saudi Arabia's surprise move in cutting oil prices for U.S. customers.
Jamie Baker, JPMorgan U.S. senior airline equity analyst, discusses the play on airlines in the face of lower oil prices.
John De Clue, CIO at U.S. Bank Wealth Management, advises investors to stay away from U.S. stocks as of now as markets are unsettled.
John Licata, Founder & Chief Energy Strategist of Blue Phoenix, describes how the Fed and Saudi Arabia's decision to lower prices of oil exported to the U.S. are weighing on oil prices.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil fell to $75 today but ended up a bit above $77. Strength in the dollar continues to drive oil prices lower.
Discussing Saudi oil production and where oil will bottom out, with former Gulf Oil CEO Joe Petrowski.
BP Capital founder Boone Pickens, sounds off on oil production and explains why he believes the U.S. should stop drilling for oil.
CNBC's Jackie DeAngelis, reports crude oil trimmed some of its losses to close over $77 a barrel.
CNBC's Dominic Chu takes a look at what stocks are benefiting from the energy slide and who is taking the biggest beating.
The national average for a gallon of gas is now $2.97. CNBC's Steve Liesman takes a look at the impact of cheap gas on the U.S. economy.
With oil sitting below $76 a barrel, CNBC's Jackie DeAngelis, discusses how low traders think oil will drop.
Oil prices fell after top oil exporter Saudi Arabia cut sales prices to the United States
After Saudi Arabia decided to alter oil prices to U.S. buyers, Richard Hastings, Global Hunter Securities, says the price cut suggests they are fighting for market share in the U.S.
Falling oil prices have always been somewhat of a double-edged sword. But some say the negatives to the economy are taking on added concerns.
Carter Worth, chief market technician at Sterne Agee says the free fall in the oil price has not pushed energy shares to new lows as he thinks the commodity price slump is largely priced into to oil equities.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude had a volatile day until Saudi Arabia was cutting the price of oil to the US.
Andy Lipow, Lipow Oil Associates president, reveals where he thinks gas prices will be by Thanksgiving.
The dollar index has been a headwind for energy prices, reports CNBC's Bertha Coombs
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar took its toll on commodities today. Oil was down a buck, and gold got pummeled today.