Feb 5- U.S. energy firms deepened their cuts in oil drilling rigs in the seventh week of declines to the lowest levels since March 2010, data showed on Friday, as they continue to cut spending due to the collapse in crude prices. Front-month U.S. crude futures were trading at about $31 per barrel and Brent at $34 on Friday, on track to end the week lower after two...» Read More
Charles Leyland, Managing Director at Leyland Private Asset Management, says although Qantas shares are rallying on the back of lower oil prices, Virgin has the best value among airlines.
Laura Fitzsimmons, VP for Futures & Options at JPMorgan Investment Bank, says U.S. retail sales on Friday weren't as strong as expected, which indicates that U.S. consumption remains weak.
Barry Dawes, Head of Resources at Paradigm Securities, says certain Middle Eastern nations may face political pressure on the back of lower oil revenues.
Kingsley Jones, Founder and CIO of Jevons Global, expects oil markets to remain weak until the end of the year and how that will impact Europe.
Andy Xie, Independent Economist, says Beijing must rely on fiscal measures instead of monetary policy to stimulate the economy.
Deyi Tan, Executive Director at Morgan Stanley Research, says the hike in fuel prices will lead to higher consumer price inflation in November but warns that investors shouldn't worry too much.
Given the rate and speed in which oil has been falling, prices could sink to $40 per barrel, says Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities.
Joe Magyer, Senior Analyst at The Motley Fool, describes the reaction of emerging market assets to plunging oil prices.
OPEC has ushered in volatility, reports CNBC's Bertha Coombs, discussing oil production levels and pricing.
CNBC's Dominic Chu looks at what stocks and sectors are being directly impacted by the slide in oil.
OPES's decision to leave oil production unchanged sent Bent and WTI plunging to 4-year lows. Francisco Blanch, BofA Merrill Lynch Global Research, discusses the outlook for shale production in the U.S. and the future of OPEC.
The OPEC meeting has changed everything in the oil market as a new equilibrium of prices will be found, Miswin Mahesh, oil analyst at Barclays says.
Low oil prices will give consumers more spare cash and be a positive for global growth, Kit Juckes, global head of foreign exchange strategy at Societe Generale says.
Martin Cooper, CEO of Norwegian-based REC Solar, discusses the firm's $640 million acquisition by China National Bluestar.
Jigar Shah, CEO at Maybank Kim Eng Securities India, says low energy prices are positive for markets given their impact on inflation.
Alvin Liew, Senior Economist at UOB, says lower prices can help Japan reduce its trade deficit in the energy and produce sectors.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, explains why he sees further declines in oil prices next year.
Mohshin Aziz, Aviation Analyst at Maybank Investment Bank, explains why certain airlines will benefit more than others, such as Cathay Pacific, Singapore Airlines and Thai Airways.
William Ma, Deputy CIO at Gottex Penjing Asset Management, says the firm may allocate more funds to oil importing countries like India as a result of sinking oil prices.
Dominic Bunning, FX Strategist at HSBC, says the Canadian dollar is likely to fall against the dollar. He also recommend going short on the Malaysian ringgit and going long on the rupee.