SINGAPORE, Feb 12- Oil prices jumped almost 5 percent on Friday after comments by the energy minister of OPEC- member United Arab Emirates sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Friday's jump in Brent came after the United Arab Emirates energy minister Suhail bin...» Read More
Vandana Hari, Asia Editorial Director at Platts, explains why a "meaningful reduction" of 1 million barrels per day won't be feasible at next month's OPEC meeting.
Speaking to CNBC at the Singapore International Energy Week, Dan Yergin, Vice Chairman of IHS, discusses the discord among OPEC members which has been weighing on oil prices as of late.
CNBC's Jackie DeAngelis discusses how Ebola and the strong U.S. dollar are impacting crude prices.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says BP is going to struggle with litigation costs and a deteriorating market in Russia.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil finished strong today, as stocks were up, as well. Meanwhile, gold got whacked today.
CNBC's Jackie DeAngelis reports latest data on natural gas inventories.
CNBC's Bob Pisani looks at what lower oil prices do for company profits.
Alexei Kudrin, former finance minister of Russia, says the country's economy will face a "challenge" if the oil price hits $80 per barrel or below.
Gaurav Sodhi, Resources Analyst at Intelligent Investor, says the recent declines reflect the elimination of the security premium built into oil prices over the past few years.
Amid recent market volatility, the Fed could delay raising interest rates until end 2015 or early 2016, says John Derrick, Director Of Research at U.S. Global Investors.
If oil prices slip below $70 a barrel, it will be a "no fly zone" for U.S. equities, says Jim Awad, Chairman of Plimsoll Mark Capital.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A big oil build was far more than traders expected. After the headlines in Ottawa, the markets fell and crude dropped, as well.
CNBC's Jackie DeAngelis reports WTI is pretty much flat and crude oil inventories increased 7.1 million barrels.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Commodities rallied today. Oil was up on the day and nat gas rebounded after hitting an 11-month low.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks and commodities both stabilized today. WTI was down slightly, nat gas took a big hit, and gold was up a bit on the day.
Jason Schenker, president of Prestige Economics, says there are several factors which could push the oil price lower.
Patrick Legland, global head of research at Societe Generale, says the U.S. could deliberately be pushing down oil prices to hurt Russia.
Discussing how consumers will benefit from the slide in oil, with former Gulf Oil CEO Joe Petrowski. The average consumer should save 12,000 over the next 12 months on heating, lighting and gasoline, Petrowski says.
CNBC's Jackie DeAngelis reports crude oil has bounced back over $82 a barrel.
Discussing the move in oil, with Jack Bouroudjian, Index Financial Partners; Kenny Polcari, O'Neil Securities; and Bob Iaccino, Tethy's Partners.