*No immediate oil glut- Standard Chartered Bank. SINGAPORE, Oct 22- Brent crude futures steadied above $86 a barrel on Wednesday, clinging to gains from the previous session as buyers gradually returned to a market hammered to four-year lows by abundant supply. Brent crude for December delivery was up 17 cents at $86.39 at 0525 GMT, pulling further away from last...» Read More
NEW YORK, Oct 16- Oil prices rose in volatile trade on Thursday, as data showing tight U.S. gasoline supplies and technical trading ahead of options expiry provided rare support amid a long downturn. At around 1 p.m. EDT, crude suddenly surged as much as $3 a barrel as investors rushed to cover positions tied to U.S. Brent crude for December delivery rose $1.70 to...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was under $80 before the EIA report, but rallied afterward.
The U.S. stock market keeps falling. And when it comes to oil, there's no consensus on where it will go next.
CNBC's Bob Pisani and Jackie DeAngelis cover today's action in stocks and the crude trade. CNBC's Dominic Chu looks at the Russell 2000 and where investor sentiment is starting to shift.
Does oil go lower or higher from here? Jim Iuorio, TJM Institutional Services, and CNBC's Larry Kudlow provide insight on oil and fracking.
CNBC's Jackie DeAngelis reports oil closed positive and discusses trader sentiment at the NYMEX.
By 1:18 p.m. EDT, oil prices had given up about half of the midday gains, but December Brent crude was up $2.18, or 2.6 percent, to $86.30 a barrel, putting it on track for the biggest one-day gain since the market began a lengthy slide in mid-June. Expiring November Brent rose 47 cents to $84.25 a barrel. November crude rose $1.37 to $83.15 a barrel, off the intra-day...
NEW YORK, Oct 16- Oil prices rose sharply on Thursday, bouncing off four-year lows, on technical buying ahead of options expiry for U.S. crude oil and contract expiry for Brent crude. At 1:18 p.m. EDT, U.S. crude was at $83.17 a barrel, up $1.39. Brent for December delivery rose $2.22 to $86.34.
BRENT CRUDE OIL FOR DECEMBER DELIVERY RISES MORE THAN $3; U.S.
U.S., BRENT NOVEMBER CRUDE FUTURES EXTEND LOSSES AFTER EIA DATA, BRENT DECEMBER CRUDE TURNS LOWER.
CNBC's Jackie DeAngelis reports crude prices continue to decline.
Michael Gallagher, director of research at IDEAglobal, says concern over the "mediocre" global economy and the end of quantitative easing by the Federal Reserve could see the S&P 500 correct further.
Malcolm Wood, Head of Investment Strategy at Morgan Stanley Wealth Management, analyzes the overnight movements in oil and gold prices.
BRENT CRUDE FUTURES EXTEND LOSSES IN POST-SETTLEMENT TRADE, OFF $2.02 AT $83.02/ BBL ON BIG INVENTORY BUILD IN API DATA.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A volatile day with energy futures. WTI was down slightly on the day, after falling below 80 for the first time since June 2012. Gold was up about $10 on the day.
NEW YORK, Oct 15- Oil prices slumped on Wednesday after a brief bounce from four-year lows failed to gain traction, as equity markets tumbled and economic gloom spread. Brent crude for November delivery, which expires on Thursday, settled $1.26 lower at $83.78 a barrel, after trading earlier as low as $83.37, its weakest since 2010. It fell nearly $4 on Tuesday, the...
Chris Faulkner, Breitling Energy president & CEO, and Stephen Schork, The Schork Report, provide insight to the state of oil amid volatile market conditions.
NEW YORK, Oct 15- Oil prices resumed their slump on Wednesday after a brief bounce from four-year lows failed to gain traction, with U.S. crude approaching $80 a barrel as equity markets tumble and economic gloom spreads. European benchmark Brent has fallen 28 percent since June as OPEC's most influential members see little need to shore up markets by cutting...
*OPEC shows no sign of cutting output to defend oil prices. LONDON, Oct 15- Brent crude bounced off a four-year low on Wednesday to above $85 a barrel, a level that was still down 25 percent since June, as a drop in the value of the dollar attracted some cautious buying in the oil market. U.S. crude gained 40 cents a barrel to $82.24, rebounding by more than $2 after hitting a...
*Falling oil prices still to attract large scale storage at sea. *Oil tanker rates gaining ground after years in doldrums. LONDON, Oct 15- Despite falling oil prices, traders in recent weeks have booked just a few tankers to store cargoes at sea as higher freight costs outweigh any profit play for now.