International benchmark Brent crude futures were trading at $60.62 per barrel at 0117 GMT, down 22 cents. West Texas Intermediate crude futures were at $26.96 per barrel, down 49 cents and within a dollar of the $26.19 a barrel 2003 low from January. Inventories at the Cushing, Oklahoma delivery point for U.S. crude futures rose to an all-time high just shy of 65...» Read More
Vandana Hari, Asia Editorial Director at Platts, weighs the factors that could put a bottom to the recent slump in oil prices. She later explains why the short selling of oil isn't over yet.
While downward pressure will continue to weigh on oil in the near future, prices are unlikely to go below $43 a barrel, says Matt Smith, Commodity Analyst at Schneider Electric.
Michael Jones, Chairman and CIO at Riverfront Investment Group, calls the recent slump in oil prices as "a supply-driven collapse," which has been proven to benefit the global economy.
Vadim Zlotnikov, Chief Market Strategist and Co-Head of Multi-asset Solutions at AllianceBernstein, recommends investing in a basket of U.S. exploration and production (E&P) producers towards year-end.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today, as the commodity free fall continues. OPEC cut its 2015 demand projection and the Saudis ask why they should cut production.
CNBC's Jackie DeAngelis reports crude oil inventories had a build of 1.5 million barrels.
CNBC's David Faber speaks to energy investor John Raymond of The Energy & Minerals Group, about investing in oil and the sustainability of crude oil production in the Bakken.
Oil markets will remain oversupplied in 2015 with demand not matching supply, according to Abhishek Deshpande, oil and gas analyst at Natixis.
Airlines that do not have fuel hedging, such as the Chinese airlines, will stand to benefit the most from cheap oil, says Corrine Png, Head of Asia Pacific Transportation Research at JP Morgan.
The recent plunge in oil prices is due to price wars, instead of structural market conditions, says Bambang Brodjonegoro, Finance Minister of Indonesia.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil started out lower but had a technical rebound. Traders bought the dips, but expect it to continue its fall. Gold popped on the day.
Traders are bearish on oil citing an oversupply situation, CNBC's Jackie DeAngelis reports the details. Price cuts by OPEC nations are helping put downward pressure on crude.
CNBC's Jackie DeAngelis looks at how oil is contributing to the steep decline in the Dow today.
Dennis Gartman, founder, editor and publisher of The Gartman Letter, says we've seen the end of OPEC as a "viable entity" as there is division among the cartel.
Nicholas Ferres, Investment Director for Global Asset Allocation at Eastspring Investments, says major European producers are trading below book value, which makes them an attractive play.
Daryl Guppy, CEO of Guppytraders.com, explains why oil prices could drop below $60 per barrel.
Gina Sanchez, Chairwoman & Founder of Chantico Global, explains that most OPEC member countries need to have oil above at least $80 a barrel to prevent civil unrest.
Keith Wade, Chief Economist at Schroders, explains the positive impact of a strong dollar and why it may be difficult for OPEC to squeeze out U.S. shale producers.
Tim Evans, Energy Futures Specialist at Citi Futures, tries to rationalize why OPEC members are not taking any action to curb recent price falls.
Peter Boockvar, Chief Market Analyst at The Lindsey Group, explains why a high P.E ratio in the U.S. means investors won't find any value there.