Neil Atkinson, head of analysis at Lloyd's List Intelligence, says the Ukraine crisis has not had a big impact on the oil price which he expects to drop further.» Read More
CNBC's Jackie DeAngelis discusses the contributing factors to the decline in crude oil prices today.
LONDON, March 5- Brent crude oil futures fell for the second straight session on Wednesday, dropping below $109 a barrel on an easing of fears that Russia's incursion into Ukraine could lead to war.
SEOUL, March 5- U.S. crude oil futures held just above $103 a barrel on Wednesday after pulling back from 5-1/ 2 month highs hit earlier in the week, as tensions over Russian military intervention in Crimea calmed. *U.S. crude for April delivery gained 1 cents at $103.34 a barrel as of 0018 GMT after settling $1.59 lower at $103.33 in the previous session.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Geopolitical tensions pushed oil higher, gold hit $1,350, and wheat futures were up on tensions in Ukraine. Nat gas sold off a bit because the cold snap may not be as severe.
Russia is the world's third largest oil producer and second largest of natural gas. CNBC's Mary Thompson discusses the concerns over the flow of Russia's natural gas to Europe.
*Oil prices jump on risk of war in Ukraine. SINGAPORE, March 3- Brent and U.S. crude oil rallied more than $2 per barrel to multi-month highs on Monday, lifted by rising tension in Ukraine after Russian President Vladimir Putin declared he had the right to invade his neighbour.
NEW YORK, Feb 28- U.S. oil on Friday had its eighth straight week of gains on market talk of fewer oil rail shipments from the booming Bakken shale in North Dakota. Brent oil settled moderately higher but ended the week lower, weighed down by an outlook for dampening demand in China and another for stymied European growth due to uprisings in Ukraine.
NEW YORK, Feb 28- Wheat prices rose about 3 percent to lead gains in U.S. commodities on Friday as the dollar fell but the biggest monthly gains for February were posted by arabica coffee, which rallied 40 percent on fears of crop damage from Brazil's drought.
SINGAPORE, Feb 28- Brent crude futures slipped on Friday to below $109 a barrel on expectations demand growth will slow as severe winter weather eases, although supply worries kept losses in check for now.
SINGAPORE, Feb 28- Brent crude futures slipped on Friday below $109 a barrel on expectations demand growth will slow as severe winter weather eases, with supply worries keeping the losses in check for now.
TOKYO, Feb 28- U.S. crude oil fell further on Friday, as civil unrest in Ukraine continued to curb risk appetite and fuel fears of weaker oil demand, although the contract remains on track for a monthly gain. *U.S. crude futures for April delivery were down 45 cents at $101.95 a barrel by 0012 GMT, still on track for a monthly gain of 4.6 percent.
Greg Smith, Group CEO at Global Commodities makes a case for investing in gold even as yellow metal trade relatively lower from its lofty highs.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
*Ukraine tension darkens Europe outlook. NEW YORK, Feb 27- Brent oil futures fell on Thursday, pressured by civil unrest in Ukraine that curbed overall risk appetite and fueled fears that it would slow growth in Europe and lessen oil demand. Draws from Cushing oil stocks helped narrow U.S. oil's discount to Brent to nearly $6 per barrel, the tightest since Oct. 7.
*Ukraine tension darkens Europe outlook, potential Brent demand. NEW YORK, Feb 27- Brent crude oil futures fell on Thursday, pressured by volatility in Ukraine that curbed risk appetite.
*Ukraine tension darkens Europe outlook, potential Brent demand. LONDON, Feb 27- Brent crude oil futures briefly slipped below $109 on Thursday, pressured by a higher dollar, boosted by worries about escalating turmoil in Ukraine. Brent crude was down 60 cents at $108.90 a barrel by 1105 GMT, recovering slightly from an intraday low of $108.85.
*U.S. crude stocks rise overall; down 1.1 mln barrels in Cushing. LONDON, Feb 27- Brent oil futures briefly slipped below $109 on Thursday, pressured by warmer weather in the United States and worries about escalating turmoil in Ukraine, though supply-disruption concerns kept losses in check.
TOKYO, Feb 27- U.S. crude oil dipped early on Thursday after rising the previous day when the contract was supported by a surprisingly small build in crude inventories. *U.S. crude futures for April delivery were down 28 cents at $102.31 a barrel by 0000 GMT, after finishing 76 cents higher on Wednesday.
NEW YORK, Feb 26- Losses in natural gas dominated the action in commodities for a third straight session on Wednesday, unraveling annual gains racked up earlier by the heating fuel, while gold, silver and wheat prices also showed significant declines. "It has been a money game," said Steve Platt, an analyst at Archer Financial in Chicago.