CNBC's Sharon Epperson reports oil supplies dropped by 10.6 million barrels and gasoline supplies rose by 6.7 million barrels.» Read More
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.
NEW YORK, Nov 27- U.S. crude oil futures fell by nearly $2 on Wednesday as a higher-than-expected build in inventories weighed down prices, although Brent's losses were lessened by unrest in Libya. U.S. crude swiftly resumed its downward trend, falling by nearly $2 to a session low of $91.77.
(Updates prices, changes byline, dateline (pvs LONDON) NEW YORK, Nov 27 (Reuters)- Brent oil futures dipped on Wednesday as a higher-than-expected build in U.S. crude oil inventories weighed on prices, although losses were capped by unrest in Libya.
CNBC's Dominic Chu breaks down crude oil, which is at its lowest level since June. Jeff Kilburg, KKM Financial founder & CEO, and Brian Stutland, Stutland Volatility Group managing member, provide perspective.
CNBC's Bertha Coombs reports on the bearish inventory numbers and WTI prices.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Traders are looking ahead to inventory numbers after the deal with Iran. They expect a build of about 800,000 barrels, she says.
NEW YORK, Nov 26- Brent crude oil futures edged lower in choppy trading on Tuesday, as investors awaited fresh data after concluding that a deal between Iran and world powers would bring no immediate increase in crude supplies. "The market is waiting to see how things develop with Iran.
*Nuclear deal caps Iran's exports at current levels. NEW YORK, Nov 26- Brent crude oil futures rose in choppy trading on Tuesday, as investors concluded that a deal between Iran and world powers would bring no immediate increase in crude supplies and Libyan oil workers went on strike in Benghazi.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. There was a muted reaction to the deal with Iran in the markets, she says. Still, gas prices could fall, depending on the situation at U.S refineries.
Brian Kelly, Brian Kelly Capital founder, and Pavel Molchanov, Raymond James senior VP and energy analyst, explain why gas prices are spiking as oil prices continue to fall.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says there is no likelihood of significant volumes of Iranian crude hitting the oil market for some time to come.
Sean Corrigan, chief investment strategist at Diapason Commodities Management, discusses the oil market amid the Iran nuclear deal.
*Brent crude sinks over $2.40 a barrel on groundbreaking Iran deal. SYDNEY, Nov 25- Oil prices hit the skids on Monday after Iran and six world powers sealed a deal curbing its nuclear programme, a fillip for global economic growth that found expression in heartier share prices from Tokyo to Seoul.
*Brent crude sinks over $2.50 a barrel on groundbreaking Iran deal. SYDNEY, Nov 25- Oil prices fell sharply on Monday after Iran and six world powers sealed a deal curbing its nuclear programme, a fillip for global economic growth that found expression in heartier share prices in Tokyo and Seoul.
*Brent crude sinks over $2 a barrel on groundbreaking Iran deal. *Iran deal seen positive for risk appetite, global growth. SYDNEY, Nov 25- Oil prices fell sharply on Monday after Iran and six world powers sealed a deal curbing its nuclear programme, a fillip for global economic growth and risk appetites that should benefit share markets.
NEW YORK, Nov 22- The price of benchmark Brent crude oil rose for a second straight session on Friday on short-covering while U.S. soybeans surged on data showing bullish exports. Cotton sank 2 percent and touched a more than 10- month low, weighed by supply pressures, demand worries, and long liquidation.
*Investors focus on Iran talks, but little hope of breakthrough. SINGAPORE, Nov 22- Brent oil futures slipped below $110 per barrel on Friday but were on track to end higher for the second week following sharp overnight gains, with investors waiting for the outcome of talks on Iran's nuclear programme.
SINGAPORE, Nov 22- U.S. crude futures slipped towards $95 a barrel in early Asian trade on Friday as sharp gains overnight prompted investors to sell and book profits. U.S. oil slipped 20 cents to $95.24 a barrel by 0023 GMT, after settling $1.59 higher and is set to post a weekly rise after six straight weeks of losses.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude futures closed higher in spite of a potential December taper by the Fed.
*Major powers resume talks on Iran nuclear programme. NEW YORK, Nov 21- Brent crude oil jumped $2 to end at its highest in more than a month on Thursday, fuelled by a sharp run-up in gasoline and gas oil prices on news of dwindling stocks and refinery glitches in the United States and Europe.