*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
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.
Oil declined on strength in the U.S. dollar, reports CNBC's Jackie DeAngelis.
CNBC's Jackie DeAngelis reports the latest natural gas inventories data.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Gold was lower before the Fed meeting. A hawkish tone by the Fed didn't help. Oil was up slightly on the day on some technical buying and short covering. OPEC says don't panic.
CNBC's Jackie DeAngelis reports the latest crude oil inventories had a build of 2.06 million barrels, while distillate inventories decline 5.29 million barrels.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks were up, and so was crude oil. Traders still expect prices to go lower in the next few days.
West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could go lower.
General Motors is building a factory in Michigan to support the next generation of its new Chevy Volt. CNBC's Phil LeBeau reports the details.
How sliding oil prices are impacting alternative energy resources like solar energy, with Gordon Johnson, Axiom Capital.
Discussing oil production and speculation that the Saudi's are colluding with the U.S. to squeeze Putin, with Helima Croft, RBC Capital Markets.
Discussing oil production and gasoline's impact on retail sales and jobs, with Richard Hastings, Global Hunter Securities LLC, and Phillip Streible, RJO Futures.
Robert Perkins, senior oil writer at Platts, says in the company's ranking of top energy companies, Asian companies are on the rise as demand on the continent continues to stay strong.
Nobuo Tanaka, Global Associate, Energy Security & Sustainability at the Institute of Energy Economics, Japan, says falling oil prices could incur long-term issues and outlines what needs to be done.
A booming transportation sector underlies Asia's vulnerability to oil shocks, says Gal Luft, Senior Adviser at U.S. Energy Security Council. He also explains why oil prices will stage a rebound soon.