BRENT CRUDE OIL FUTURES EXTEND LOSSES TO MORE THAN $1, HIT SESSION LOW OF $106.40.» Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Energy was lower on both sides of the Atlantic, nat gas was down again today, as temps remained mild across the country. And gold was flat on the day.
CNBC's Jackie DeAngelis reports oil prices are losing ground and gasoline futures are down about 8 percent in the last month, the biggest drop this year.
BRENT CRUDE OIL FUTURES FALL OVER $1 PER BARREL ON FORECASTS FOR WEAK DEMAND AND EXCESS SUPPLIES.
NEW YORK, July 25- Brent crude oil prices shot more than $1 higher at mid-morning on Friday while U.S. oil erased early losses, with traders linking the gains to talk that further Western sanctions on Russia could hit oil exports.
BRENT CRUDE EXTENDS GAINS TO MORE THAN $1, TRADERS CITE CONCERNS OVER FURTHER SANCTIONS ON RUSSIA.
BRENT CRUDE OIL PRICES JUMP, U.S.
LONDON, July 25- Oil fell below $107 a barrel on Friday as plentiful supply outweighed concerns over conflicts in the Middle East and Ukraine. Brent crude for September delivery traded 18 cents lower at $106.89 a barrel by 1400 GMT.
Oil prices had slipped Thursday after spiking earlier in the week on lower U.S. inventories and tensions in Ukraine and the Middle East. Benchmark U.S. crude for September delivery rose 2 cents to $102.09 a barrel on the New York Mercantile Exchange.
*U.S. crude for September delivery was down 6 cents at $102.01 a barrel by 0024 GMT, after settling $1.05 lower. *The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Mixed bag in the commodities markets today. Oil was down on the day, even though geopolitics is likely to keep it high.
BRENT CRUDE OIL FUTURES FALL OVER $1 PER BARREL ON WEAK DEMAND FROM EUROPEAN REFINERS.
CNBC's Jackie DeAngelis reports natural gas inventories rise 90 billion cubic feet, double this time last year.
LONDON, July 24- Brent crude dipped below $108 a barrel on Thursday as unseasonably weak demand from European refiners and plentiful supplies offset strong Chinese factory data. Brent for September delivery was down 31 cents at $107.72 a barrel by 0909 GMT, after closing 70 cents higher on Wednesday.
By early afternoon in Europe, benchmark U.S. crude for September delivery was down 20 cents to $102.92 a barrel in electronic trading on the New York Mercantile Exchange.
SINGAPORE, July 24- Brent crude held steady above $108 a barrel on Thursday as a surprisingly strong reading on Chinese manufacturing bolstered hopes for higher demand in the world's No.2 oil consumer. Brent crude for September delivery traded up 8 cents at $108.11 a barrel by 0539 GMT, after closing 70 cents higher on Wednesday.
*U.S. crude stocks down 4 mln barrels, Cushing down 1.4- EIA. NEW YORK, July 23- Crude oil futures rose on Wednesday, as oil stockpiles in the United States fell more than expected and geopolitical tensions in Eastern Europe and the Middle East persisted.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another volatile day for commodities, as oil was down on the day. Nat gas got hammered again today, down another 2 percent. And gold was down, as well.
The benchmark U.S. oil contract for September delivery gained 73 cents to $103.12 a barrel on the New York Mercantile Exchange. Brent crude for September delivery, a benchmark for international oils, rose 70 cents to $108.03 on the ICE Futures exchange in London.
*U.S. crude stocks down 4 mln barrels, Cushing down 1.4- EIA. NEW YORK, July 23 (Reuters)- Oil futures rose on Wednesday, with U.S. crude outpacing Brent, after oil stockpiles in the United States fell more than expected. Brent crude for September delivery was up 9 cents at $107.42 a barrel at 12:59 p.m. EDT ( 1659 GMT), after slipping 35 cents in the previous session.
CNBC's Jackie DeAngelis reports crude oil inventories are down more-than-expected to 4 million.