SINGAPORE, Dec 11- U.S. oil futures traded at their highest in six weeks above $98 a barrel on Wednesday after U.S. data showed a larger-than-expected drop in crude inventories.» Read More
NEW YORK, Dec 3- U.S. oil futures rose more than $2 a barrel to a four-week high on Tuesday for a third straight session of gains on ideas the January start-up of a pipeline from Cushing, Oklahoma, to the Gulf Coast would drain crude stocks at the giant storage hub.
CNBC's Sharon Epperson reports oil closed above $96 per barrel, the highest price since the end of October. And TransCanda's key pipeline will be operational by January 3rd.
NEW YORK, Dec 3- U.S. oil futures rose over $2 a barrel to a four-week high on Tuesday in a third straight day of gains on expectations that the January start-up of a pipeline from Cushing, Oklahoma, to the Gulf Coast would drain crude stocks at the giant storage hub.
NEW YORK, Dec 3- U.S. oil futures rose $2 a barrel to a four-week high on Tuesday in a third straight day of gains on expectations that the January start up of a pipeline from Cushing, Oklahoma, to the Gulf Coast would drain crude stocks at the giant storage hub.
Discussing the action at the exchanges with, Todd Colvin, R.J. O'Brien SVP of interest rate products; Joe Greco, Meridian Equity Partners; and SCS Commodities trader Tom Reilly.
CNBC's Sharon Epperson reports the pop in natural gas and the rise in WTI futures.
*Coming up: American Petroleum Institute inventories at 2130 GMT. LONDON, Dec 3- Brent crude held above $111 a barrel on Tuesday, near a three-month high hit in the previous session, as strong economic data boosted the demand outlook and outages in Libya maintained concerns about supply.
*OPEC expected to keep production target unchanged. LONDON, Dec 3- Brent crude rose towards $112 a barrel on Tuesday, just off an 11- week high hit in the previous session, as strong economic data boosted the demand outlook and ongoing outages in Libya maintained concerns about supplies.
NEW YORK, Dec 3- Gold and silver prices fell sharply on Monday as better-than-expected U.S. manufacturing data prompted funds to boost their bearish bets, while crude oil futures climbed more than 1 percent on economic hopes.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Oil was up today, mostly due to manufacturing data and numbers out of China. OPEC nations meet in Vienna on Wednesday.
*OPEC output below 30 mln bpd again in November. *OPEC meeting expected to maintain output target. NEW YORK, Dec 2- Brent crude oil futures rose on Monday after strong manufacturing data from China and the United States, the world's two biggest oil consumers.
TOKYO, Dec 2- U.S. crude extended gains on Monday after data from China over the weekend showed industrial activity in the world's No.2 crude buyer remained high despite worries the economy is facing a modest slowdown. *NYMEX crude for January delivery was up 31 cents at $93.03 a barrel by 0015 GMT, after settling up 42 cents on Friday.
62 percent of respondents said they were bearish on oil this week, according to CNBC's oil survey.
CNBC's Bertha Coombs reports on the divergence between WTI and Brent crude, and the rise in gold.
*Brent prices seen averaging $104.10 a barrel in 2014. The monthly survey of 27 analysts projected Brent crude oil would average $104.10 a barrel in 2014, down from this year's closing average price of $108.50.
Eugen Weinberg, head of commodity research at Commerzbank, says Brent prices are "elevated and ahead of fundamentals" and that the spread with WTI currently has "a life of its own."
Iain Armstrong, oil analyst at Brewin Dolphin, discusses the movement in oil price in the aftermath of the Iran nuclear deal.
NEW YORK, Nov 27- U.S. crude oil futures tumbled on Wednesday as a higher-than-expected build in inventories weighed down prices, while unrest in Libya propped up Brent.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. There's was a mixed trade for oil today, but a bullish day for nat gas, as the drawdown was bigger than expected. Oil hit a 5-month low after a bigger-than-expected build.
NEW YORK, Nov 27- Commodities fell broadly on Wednesday on lighter trading of the Thanksgiving holiday, with U.S. oil prices losing their most in 2 weeks as unexpectedly large crude stockpiles weighed on prices.