NEW YORK, July 28- Oil prices steadied on Tuesday, with Brent recovering from near six-month lows and U.S. crude settling more than 1 percent higher as bets for a drop in U.S. stockpiles offset concern over a global oil supply glut and China's stock market meltdown. "We're getting a bounce of sorts but I'll be selling into any strength I see," said Tariq Zahir, an oil bear...» Read More
Bank of Japan Governor Haruhiko Kuroda, says a lower oil price will benefit Asia's economy.
Iain Armstrong, oil analyst at Brewin Dolphin, says the current low oil price is not sustainable as the major producers will struggle to make money.
Victor Shum, VP of IHS Energy Insight, says OPEC oil producers seem to be entering a war for market share and that will drive prices lower.
Amid factors like a stronger U.S. dollar and slowdown in Europe, only a new supply shock will be able to reverse falling oil prices, says John Kingston, Director of News at Platts.
CNBC's Courtney Reagan reports on the day's activity in the commodities markets. Oil closed around $86 after the Saudis said they would be increasing production. And it was a negative day for metals, even though copper closed up slightly.
John Licata, Founder & Chief Energy Strategist at Blue Phoenix, discusses the significance of the upcoming OPEC meeting for oil prices.
Kurt Cambier, Senior Partner of Centennial Capital Partners, says strong global economic fundamentals will help oil prices to recover soon.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. More downward pressure on oil today, as WTI fell under $86/barrel.
CNBC's Jackie DeAngelis reports natural gas inventories increased 105 billion cubic feet.
David Lennox, Resources Analyst at Fat Prophets, expects members of the OPEC cartel to announce a cut in production if oil prices continue to fall.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, expects a recovery in oil prices soon as the impact from Saudi Arabia's output reduction comes through.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today. The DOE report showed higher-than-expected build in supplies.
CNBC's Jackie DeAngelis reports oil prices hit new lows while crude sinks further below $90 a barrel.
CNBC's Jackie DeAngelis reports crude oil inventories built 5 million barrels this week. Peter Amandio, Chicago Energies, provides insight on the number.
Slightly more than half of the respondents polled by CNBC said they were bearish on oil in the fourth quarter. Alejandro Barbajosa, VP, Crude, Middle East & Asia-Pacific at Argus Media, discusses.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Negative economic data sent commodities prices lower today.
CNBC's Bertha Coombs reports latest projection for oil output in the U.S. for 2014 and 2015.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude started out lower but closed slightly higher. A number of areas are seeing gas prices under $3/gallon.
Discussing the economic environment for oil prices, and Saudi Arabia's position in the industry, with John Kilduff, founding partner at Again Capital.
Chris Weafer, senior partner at Macro-Advisory, says the weakness in the Russian ruble is due to a weak oil price.