Kicking a production freeze deal down the road was probably the best oil bulls could hope, strategists told CNBC.
The Futures Now team discusses their expectations out of the OPEC meeting in Algiers, as well as oil's rally today.
CNBC's Jackie DeAngelis reports on the close of the oil markets following OPEC news out of Algeria.
John Browne, L1 Energy chairman, provides insight to Well Fargo's sales scandal and the ensuing clawback.
RBC Capital Markets says oil prices may slip to $40 or lower if OPEC members leave Algeria without any promise of a deal.
Longstanding tensions between Saudi Arabia and Iran will hold OPEC back from an oil production freeze in the near term, analysts said.
OPEC does not want to give the markets any negative signals but Saudi Arabia-Iran consensus remain a key issue, says Energy Aspects' Virendra Chauhan.
The commodity's prices could quickly dive to $40 or lower if OPEC members leave Algeria on Wednesday without any promise of a deal.
CNBC's Hadley Gamble discusses the latest lines to come out of this week's oil producer meeting in Algiers.
Many doubt that such an oil output deal – even if reached at the 11th hour – could hold anyway.
Saudi Arabia is actually well-positioned to reduce overproduction as it is near maximum output, says Argus Media's Alejandro Barbajosa.
OPEC members have disparate agendas and will unlikely reach an agreement on anything, says Martin Place Securities' Barry Dawes.
The OPEC meeting in Algeria may not have resulted in a resolution as of Tuesday, but at least one person is optimistic.
The slump in energy prices means oil-producing countries face a “clear need” to diversify their economies and improve competitiveness, WEF says.
"Fast Money" trader Dan Nathan shares his bullish bet on the XLE ETF in the options market. The "Fast Money" traders weigh in.
Kent Moors, Energy Capital Research Group, shares his forecast on oil following the API oil inventory data release of its unexpected drawdown.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Discussing the current state of the markets with David Kelly, JPMorgan Funds; Stephen Guilfoyle, Stuart Frankel; and CNBC's Rick Santelli.
Jeff Currie, Goldman Sachs Head of Commodities Research, discusses his market forecasts for oil, gold and the dollar.
Oil fell after Saudi Arabia said it did not expect to agree on output cuts at a meeting with other producers in the Algerian capital.
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