CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI was down and Brent was up, on the day. Today's catalysts: Profit taking and a lowered China growth target.» Read More
CNBC explores whether efforts to diversify Saudi Arabia's economy will be enough to offset falling crude prices.
Carl Larry, Frost & Sullivan, discusses the impact of supply and demand pressure on oil prices.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day, in spite of a big build. Here's why
*Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...
NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.
LONDON, March 4- Brent crude oil slipped towards $60 a barrel on Wednesday as a stronger dollar pressured commodity prices, while Saudi Arabia's oil minister said he expected the market to balance itself and for prices to recover. Oil Minister Ali al-Naimi said he expected supply and demand would soon match and oil prices, which hit a near six-year low of $45 in...
Karl Hennessy, CEO of Aon Global Broking, highlights the risks of investing in Russia this year, drawing on the firm's latest political risk map.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Israeli PM Netanyahu's comments spiked oil until Obama responded. Oil still closed over $50.
*Coming Up: American Petroleum Institute data at 2130 GMT. Higher prices imposed by Saudi Arabia for its crude buyers in Asia, the U.S. and northwest Europe did not immediately boost benchmark Brent and U.S. oil futures, although some traders saw the move as supportive. Brent jumped almost 3 percent, trading firmly above the $60- a-barrel support level, as rival...
*Brent just under $61/ barrel, WTI at $50. LONDON, March 3- Oil rose more than $1 in volatile trade on Tuesday as fighting in Libya and signs of stronger global demand outweighed persistent concerns about a supply glut. Brent crude futures rose more than $2 at one point before slipping back to trade just below $61, recovering from their biggest one-day decline in a...
*Brent near $62/ barrel, WTI above $50. LONDON, March 3- Oil rebounded by more than $2 towards $62 a barrel on Tuesday as fighting in Libya, stronger equity markets and firm demand helped Brent futures recover from their biggest one-day loss in a month. Brent for April delivery traded more than $2 higher at $61.67 a barrel by 1220 GMT.
Dennis Gartman, The Gartman Letter, hones in on gold prices, currency wars and crude oil.
*But high U.S., Middle East production maintains supply glut. *Asian economies benefit from cheap oil- ABN Amro. Front-month Brent futures were trading up 53 cents at $60.07 a barrel by 0807 GMT, though significantly below the day's high of $60.74.
*But high U.S., Middle East production maintains supply glut. *Asian economies benefit from cheap oil- ABN Amro. Front-month Brent futures were trading up $1 at $60.54 a barrel by 0632 GMT, just off the day's high of $60.74.
*But high U.S., Middle East production maintains supply glut. *Asian economies benefit from cheap oil- ABN Amro. "Brent crude prices attempting to rally on rapid week-on-week reduction in U.S.... rig count," Morgan Stanley said on in a note on Tuesday.
*High U.S. and Middle East production maintains supply glut. SINGAPORE, March 3- Brent crude oil prices steadied above $60 a barrel in early Asian trading on Tuesday, supported by traders entering the market after prices dropped sharply in the previous session on the back of record U.S. stocks. "Brent crude prices attempting to rally on rapid week-on-week...
SINGAPORE, March 3- U.S. crude held above $49 a barrel on Tuesday on expectations of a smaller build in stockpiles at Cushing, the delivery point for the contract, despite forecasts pointing to a new record high in the nation's inventories. *U.S. crude futures edged up 24 cents to $49.83 a barrel by 2350 GMT, after falling 17 cents in the previous session.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude closed down on the day, in part because the Iranian foreign minister talked about a possible nuclear deal.
LONDON, March 2- Hedge funds and large speculators increased their bets on rising Brent crude oil prices last week to their highest for more than seven months, exchange data showed on Monday. Speculators increased their net long positions in Brent futures and options by 11,371 contracts to 182,783 in the week to Feb. 24, InterContinentalExchange data shows.
SINGAPORE, March 2- Oil dropped more than 1 percent on Monday, with Brent slipping below $62 a barrel, depressed by a stronger dollar and a rise in Libya's crude output. "The U.S. dollar strength and euro weakness tend to offset any positive reaction that we're supposed to see in oil prices," said Ric Spooner, chief analyst at CMC Markets in Sydney. Brent crude hit a low of...