PERTH, May 23- U.S. crude futures prices dropped to around $94 a barrel on Thursday after data showing U.S. gasoline supplies rose and on concerns that the U.S. July oil futures contract fell 26 cents to $94.02 a barrel by 0035 GMT. *Brent also dropped 26 cents to $102.34 a barrel.» Read More
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.
*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.
CNBC's Bertha Coombs says negative economic data from Europe put pressure on commodities overall. Prices at the pump are 12 cents below where they were a year ago.
*IAEA nuclear talks with Iran reach deadlock. NEW YORK, May 15- Brent crude oil prices rose by more than $1 on Wednesday, reversing early losses to settle above $103 a barrel and increasing its premium over U.S. crude to the largest in 13 sessions.
NEW YORK, May 15- Brent crude oil prices reversed course on Wednesday and rose on the back of a rally in U.S. equity markets despite an increase in U.S. refined products inventories and data showing the euro zone was in its longest recession ever.
CNBC's Bertha Coombs reports the latest numbers on energy supplies from the EIA Inventory Report.
SINGAPORE, May 15- U.S. crude futures held steady above $94 a barrel in early Asian trade on Wednesday, snapping the longest losing streak since early-December on rising supplies amid slowing demand growth. U.S. oil gained 9 cents to $94.30 a barrel by 0038 GMT, after ending 96 cents down.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
NEW YORK, May 14- Brent crude oil prices fell on Tuesday after a global energy watchdog described world supplies as "comfortable" and analysts forecast a continued build in the U.S. crude inventory, while gasoline rose 1 percent on expected inventory draws ahead of the summer driving season.
Gary Clark, analyst at Roubini Global Economics, expects near-term fundamental weakness in crude oil pricing but sees spreads widening come summer as demand picks up.
Victor Shum, VP of IHS Energy Insight gives his advice on how to play the oil market in the coming year.
SINGAPORE, May 14- U.S. crude futures held steady above $95 a barrel in early Asian trade on Tuesday as strong U.S. retail sales revived demand growth hopes, while concerns of an increase in stockpiles in the world's largest oil consumer kept the gains in check. U.S. oil gained 7 cents to $95.24 a barrel by 0006 GMT, after falling the most in nearly two weeks.
*Brent oil loses 1 pct on lighter U.S./ China demand. NEW YORK, May 13- Oil prices dropped their most in two weeks on Monday on data pointing to lighter U.S. and China energy demand, and gold slipped too as stronger U.S. retail sales boosted risk appetite among some investors that dulled the metal's safe-haven lure.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was lower on the day, while gold dipped and came back later in the day.
The dollar's recent strength looked unlikely to wane after Tokyo escaped direct criticism of its aggressive monetary easing programme at the Group of Seven meeting over the weekend. As it hit a 4-1/ 2 year high of 102.14 yen and climbed to $1.29 to the euro, Brent oil prices slipped to $103.16 a barrel.
*OPEC boosts 2013 oil demand forecast. NEW YORK/ LONDON, May 10- Crude futures on both sides of the Atlantic lost ground on Friday as rising fuel supplies and a stronger dollar put oil under pressure. By 12:39 p.m. EDT, Brent futures were $1.81 lower at $102.66 a barrel, after falling as to a low of $101.56.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders appear more enamored with stocks than commodities, she says. Record crude supplies are pressuring prices downward. And gold is still under pressure.
CNBC's Sharon Epperson has the latest numbers on natural gas supplies, as prices hit a one-month low of $3.88.
NEW YORK, May 9- Brent crude prices fell Thursday for the third straight day as tensions in the Middle East faded, leaving rising global fuel supplies and faltering demand to weigh on prices. Brent crude for June fell 37 cents to $103.97 per barrel by 11:47 a.m. EDT.
*Copper ends up 2 pct after bullish China trade data. NEW YORK, May 8- Copper prices rose but most commodities were lukewarm on Wednesday despite strong trade data from major consumer China, underscoring comments by hedge fund legend Stanley Druckenmiller that the decade-long super rally in raw materials was over.