TOKYO, Oct 2- U.S. crude futures edged up on Thursday towards $91 a barrel and paring losses from a day earlier due to support from a U.S. government report showing a surprise drop in U.S. crude stockpiles. *NYMEX crude for November delivery was up 18 cents at $90.91 a barrel by 2324 GMT, after settling down 43 cents at $90.73 on Wednesday. *The oil price drop is a concern for...» Read More
Paul Grigel, Macquarie Research oil analyst, discusses if oil prices will stay at current levels or move higher, and provides his best Bakken ideas right now.
Discussing if oil prices could significantly drop in the next decade if the U.S. does not step up oil exportation, with Phani Gadde, Wood Mackenzie senior analyst.
CNBC's Jackie DeAngelis reports natural gas inventories got an injection of 97 billion cubic feet.
NBC's Richard Engel reports on the latest round of U.S. airstrikes that have targeted ISIS-controlled oil refineries to starve the militants of revenue.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The dollar hits a four-year high, and commodities paid the price.
NEW YORK, Sept 24 (Reuters)- Brent crude oil futures dropped below $96 a barrel on Wednesday to a two-year low as rising supply from Africa and Iraq offset mounting tensions in the Middle East and stronger-than-expected growth expectations in China.
BRENT CRUDE OIL FUTURES EXTEND LOSSES BY MORE THAN $1, TRADE AT TWO-YEAR LOW AS EURO FALLS.
BRENT CRUDE OIL FUTURES TRADE AT NEW TWO-YEAR LOW JUST ABOVE $96/ BBL; LOWEST SINCE JULY 2012.
*Asia's interest in US LPG grows amid shale oil boom. SINGAPORE, Sept 24- CME Group is targeting raising its market share in Brent, the largest energy product traded globally, by at least a third in a move that will make the crude futures contract its third-biggest product, an executive of the bourse operator said.
Amrita Sen, chief oil analyst at Energy Aspects, says there is oversupply in the oil market and air strikes in the Middle East won't see price spike.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Events in the Middle East don't appear to be impacting oil prices ... for now.
Despite violence in the Middle East, CNBC's Bertha Coombs reports oil production in Iraq and Libya is up.
*Libya and Iraqi oil output, exports rise. For Brent, higher output from Libya and Iraq overshadowed the start of U.S.-led air strikes against Islamist groups in Syria and stronger Chinese economic data. Brent for November delivery fell 17 cents at $96.80 a barrel by 12:04 EDT after climbing as high as $97.59 a barrel in early trading.
LONDON, Sept 23- More downbeat data from Europe left shares on course for a third day of losses on Tuesday, though commodities got a break from recent selling after a reading on China's massive factory sector outpaced the market's bleak expectations.
*Israel shoots down Syrian warplane over Golan Heights. LONDON, Sept 23- Brent crude rose above $97 a barrel on Tuesday as the United States and several Gulf Arab allies launched strikes against Islamic State strongholds in Syria, and as a surprise pick-up in China's factory activity boosted the demand outlook.
SINGAPORE, Sept 23- Brent crude rose above $97 a barrel on Tuesday after a survey showed China's factory activity unexpectedly picked up in September, helping brighten the demand outlook in a market that has been weighed by a supply glut. Brent for November delivery was up 33 cents at $97.30 a barrel by 0437 GMT, after falling by more than a dollar on Monday.
SINGAPORE, Sept 23- Brent crude rose above $97 a barrel on Tuesday after a survey showed China's factory activity unexpectedly picked up in September, helping brighten the demand outlook in a market that has been weighed by a supply glut. Brent for November delivery was up 48 cents at $97.45 a barrel by 0243 GMT, after falling by more than a dollar on Monday.
SYDNEY, Sept 23- Asian shares recouped early losses on Tuesday while commodities won a break from recent selling pressure after a reading on China's massive factory sector outpaced the market's bleak expectations. The Asian giant is Australia's single biggest export market and investors often use the currency as a liquid proxy for China plays.
SINGAPORE, Sept 23- U.S. crude futures dropped to a 1-1/ 2- week low on Tuesday on concerns over ample supplies and slowing economic growth in China, the world's No. 2 oil consumer. *Front-month U.S. crude was little changed at $90.90 a barrel by 0039 GMT after slipping to $90.58 earlier, its weakest since Sept. 11.
*Equities on defensive before China manufacturing survey. SYDNEY, Sept 23- Asian shares slipped on Tuesday as a periodic bout of angst over China combined with the U.S. dollar's recent meteoric run to pile pressure on commodity prices.