Stocks Fall After Fed Minutes Show Willingness to Taper in June
Brent Crude Commodity Market Trades, Charts
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders remain focused firmly on tomorrow's testimony from Fed Chairman Ben Bernanke. And expectations for this week's oil inventories.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders remain focused firmly on tomorrow's testimony from Fed Chairman Ben Bernanke. And expectations for this week's oil inventories.
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NEW YORK, May 21- Crude oil futures ended lower on Tuesday, falling early as the dollar strengthened, then paring losses as the greenback weakened after a Federal Reserve official said he did not believe the U.S. central bank should pull back on its quantitative easing program.
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NEW YORK/ LONDON, May 21- Brent crude oil futures fell below $104 per barrel on Tuesday in New York, as investors worried that the U.S. Operations were unaffected at the U.S. crude futures hub in Cushing, Oklahoma, about 77 miles northeast of Moore, after a vicious tornado ripped through the area.
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LONDON, May 21- Brent oil futures fell towards $104 per barrel on Tuesday on concerns that the U.S. Investors are focussing on the release of minutes of the Fed's last meeting and testimony by Fed Chairman Ben Bernanke to Congress, both scheduled for Wednesday.
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*Fresh conflict in Syria supports prices. CHENNAI, India, May 21- Brent crude futures steadied near a two-week high on Tuesday, holding around $105 per barrel as rising Middle East tensions offset concerns about moderating demand growth to keep prices in a tight range.
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PERTH, May 21- U.S. crude futures eased to about $96.50 a barrel in early trading in Asia on Tuesday as ample supplies weighed on prices, despite support from equity markets. *U.S. oil fell 14 cents to $96.57 a barrel by 0023 GMT, after ending 69 cents higher in the previous session. *Brent rose 5 cents to $104.85 a barrel.
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CNBC's Sharon Epperson takes a look factors that contributed to the major reversal in precious metals on Monday and what sent oil prices to a 7-week high. She also discusses events in the the coming days that could impact the price action in energy and metals.
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Brian Stutland explains why options traders are betting big on oil refiners.
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*MSCI world equities highest since 2008. LONDON, May 20- Brent crude oil slipped towards $104 per barrel on Monday on ample supplies, weaker demand for fuel and a strong dollar, despite strong equity markets. Brent crude futures for July were down 55 cents at $104.09 per barrel by 1040 GMT, after three straight sessions of gains.
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*MSCI world equities highest since 2008. LONDON, May 20- Brent crude oil held above $104 per barrel on Monday, supported by strong equity markets and a slightly lower dollar, despite a weaker outlook for fuel demand and ample supplies. Brent crude futures for July were down 30 cents at $104.34 per barrel by 0810 GMT, after three straight sessions of gains.
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CHENNAI, India, May 20- Brent crude futures held above $104 per barrel on Monday, supported by positive economic data and strong equity markets, while a moderate outlook for demand and ample supplies dragged on prices. "The oil market is getting into what I think will prove to be the top end of the range," said Ric Spooner, chief market analyst at CMC Markets in Sydney.
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CHENNAI, India, May 20- Brent crude futures held below $105 per barrel on Monday supported by positive economic data and strong equity markets, while a moderate outlook for demand and ample supplies dragged on prices.
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CHENNAI, India, May 20- Brent crude futures held below $105 per barrel on Monday supported by positive economic data and strong equity markets, while a moderate outlook for demand and ample supplies dragged on prices. "The oil market is getting into what I think will prove to be the top-end of the range," said Ric Spooner, chief market analyst at CMC Markets in Sydney.
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Mitsui, Mitsubishi and Nippon Yusen reached a joint venture agreement with the U.S. firm Sempra Energy. The project, estimated to cost $10 billion, plans to produce 12 million tons of liquefied natural gas a year by 2017, or equivalent to 10% of annual Japanese demand. The Nikkei's Sachiko Kishida reports.
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NEW YORK May 16- Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market. "If we have to pick a driver for today, it's that the dollar's under pressure," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. After the dollar slipped, oil and gasoline futures climbed a bit. Nat gas was down on a bigger-than-expected build. A mixed picture in the metals markets, as well.
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NEW YORK/ LONDON, May 16- Brent crude oil futures rose on Thursday on dollar declines, but gains were capped by a stall in the U.S. equity market as a jump in U.S. jobless claims stoked investor worry about an economic recovery.
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LONDON, May 16- Brent oil futures climbed above $104 on Thursday, responding to dollar declines, while a jump in U.S. jobless claims capped gains as they added to the bearish demand outlook.
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LONDON, May 16- Brent oil futures slipped towards $103 a barrel on Thursday after a sharper-than-expected drop in U.S. factory output muddied the outlook for demand and a stronger dollar added downward pressure. Brent fell 62 cents to $103.06 a barrel by 0857 GMT, after rising on Wednesday by $1.08, the most in dollar terms since May 6.
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*Copper, gold extend losses on dollar's strength. *Wheat at two-week bottom; soy, corn end lower too. NEW YORK, May 15- Brent crude oil closed up for the first time in four sessions on Wednesday, spurred by a rally in U.S. stocks, but copper and gold extended their losses as the dollar's strength continued to weigh on various commodities priced in the currency.