NEW YORK, May 31- Oil prices rose on Tuesday, heading for the four straight monthly gain, with investors betting on higher U.S. fuel demand as peak driving season arrived in the No. 1 oil consumer. Data from market intelligence firm Genscape showed a drawdown of 686,700 barrels at the Cushing, Oklahoma delivery point for U.S. crude futures in the week to May 27, traders... » Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down on a big build today, but managed to bounce back. Traders think it's either seeking a bottom or preparing for the next leg lower.
CNBC's Jackie DeAngelis reports on the oil supply glut, and weak demand.
Edmund Shing, global equity portfolio manager at BCS Asset Management, says it is unlikely that oil price will go back down to $30 to $50, and has a better chance of reaching $70.
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.