CNBC's Jim Cramer explains why he is watching the price in oil, and the impact to the action in equities.» Read More
With oil plunging to multiyear lows, oil and gas entrepreneur T. Boone Pickens said now is not the time to panic.
Discussing the economic environment for oil prices, and Saudi Arabia's position in the industry, with John Kilduff, founding partner at Again Capital.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. The oversupply of oil continues to drive down prices.
SINGAPORE, Oct 3- Gold was poised for a fourth weekly loss in five on Friday as the dollar rallied to another weekly gain, while robust U.S. economic data also curbed the metal's safe-haven appeal. *Spot gold slipped $1 to $1,212.15 an ounce by 0045 GMT. *SPDR Gold Trust, the top gold-backed exchange-traded fund and a good proxy for investor sentiment, said its holdings...
CNBC Executive News Editor Patti Domm explains the big moves in the oil market, and why increased U.S. production and a strong dollar has pushed crude into bear market territory.
Oil continued its slide down Thursday, and two pros say they believe prices will continue to fall.
Oil could continue its deep slide, under new pressure from Saudi Arabia's decision to cut its selling price rather than cut production.
DUBAI/ RIYADH, Sept 30- The decision by Saudi Arabia and the United Arab Emirates to join air strikes in Syria reflects an increasingly muscular foreign policy by the Gulf Arab heavyweights that has already started to reshape the balance of power in the Middle East.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The dollar stayed strong and the metals were mixed. Crude was up slightly, but the spread closed between WTI and brent crude.
*Insurgents' next steps will dictate Yemen, Hadi's fate. SANAA, Sept 24- President Abd-Rabbu Mansour Hadi has warned Yemenis their country is heading toward civil war after the takeover of the capital by Shi'ite Muslim rebels, a move that has allowed the insurgents to dictate terms to a weakened, fractured government.
*Big infrastructure projects pushing up spending. DUBAI, Sept 24- Saudi Arabia's state finances could fall into the red next year and the country could start running down its huge foreign reserves if it does not rein in the growth of government spending, the International Monetary Fund said.
SANAA, Sept 24- President Abd-Rabbu Mansour Hadi has warned Yemenis their country is heading towards civil war after the takeover of the capital by Shi'ite Muslim rebels, a move that has allowed the insurgents to dictate terms to a weakened, fractured government.
DUBAI, Sept 24- Saudi Arabia's economic growth eased to an annual 3.8 percent in the second quarter of 2014, the lowest rate in a year, because of a slowdown in the oil sector, official data showed on Wednesday.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week.
The market is fixed on Alibaba's IPO, but there's another emerging middle class creating an e-commerce giant—and in the land of Ali Baba.
*Riyadh trains Syrian rebels, praised new Iraq govt. RIYADH, Sept 17- In its war against Islamic State in Iraq and Syria the United States wants strong public support from Saudi Arabia, the birthplace of Islam and champion of Arab Sunni Muslims.
Saudi Arabia's ex-head of intelligence has criticized U.S. anti-terrorism tactics, saying Obama was wrong to rule out troops in Syria and Iraq.
HRH Turki al Faisal, chairman at the King Faisal Center for Research and Islamic Studies, discusses the benefits of opening up the Saudi Arabia stock exchange and the opportunities in the country.
Unlike a hurricane, tornado or snowstorm, the ends and beginning of droughts are very hard to predict.
DUBAI, Sept 16- The opening of Saudi Arabia's stock market to direct foreign investment early next year is set to coincide with a pick-up in earnings growth in the kingdom, which has lagged the region in the past few years.