Discussing the sharp slide in natural gas, with Peter Amandio, Chicago Energies, and CNBC's Bertha Coombs.» Read More
NEW YORK, Dec 16- U.S. crude oil futures bounced up off a 5-1/ 2- year low on Tuesday, and hovered around $55 a barrel in volatile trading near that price, with U.S. options set to expire later in the day. Global benchmark Brent crude also pared losses after plumbing a July 2009 low below $59, but Brent remained stuck below $60 a barrel as major oil producers said they were in...
Elon Musk's investments in electric cars and alternative energy is taking a beating due to tumbling gas prices.
Discussing if the slide in oil prices is a buying opportunity, and its impact to global markets, with Dan Morris TIAA-CREF global investment strategist.
In terms of the drop in oil prices, David Sneddon, managing director and global head of technical analysis at Credit Suisse, says their company is looking for "signs of stabilisation".
Discussing oil price volatility and where oil will settle, with Francisco Blanch, BofA Merrill Lynch Global Research.
NEW YORK, Dec 16- U.S. stocks were set to fall at the open on Tuesday as a further slide in crude oil prices and the Russian rouble sent traders fleeing from risky assets on global economic concerns. Brent crude lost more than 3 percent to $58.98 per barrel after hitting a low of $58.50, and U.S. crude was down almost 4 percent at $53.75, near its session low.
NEW YORK, Dec 16- U.S. stock index futures fell on Tuesday as a further slide in crude oil prices and the Russian rouble sent traders fleeing from risky assets. Brent crude lost more than 3 percent to $58.96 per barrel after hitting a low of $58.50 and U.S. crude was down almost 3 percent at $54.26 after hitting $53.80. "The market is reflecting a global macro concern...
LONDON, Dec 16- Oil prices have now fallen to an unsustainable low level. Futures contracts for Brent and WTI have fallen below $60 and $55 per barrel respectively but many crude producers are receiving much lower prices. Plains Marketing, for example, is now offering just $39.69 per barrel for Williston Basin Sweet crude and less than $50 for a wide range of other...
LONDON, Dec 16- Aluminum prices hit their lowest level in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Broader market sentiment was soured as Brent oil futures sank towards $59 per barrel for the first time since May 2009, while Russia's central bank raised...
Guy Wolf, global head of market analytics at Marex Spectron, and Beat Wittmann, senior advisor at Raiffeisen Switzerland, discuss why there is "no place for gold" in today's trading environment.
Amrita Sen, chief oil analyst at Energy Aspects, says that the oil price could push $100 by the end of 2015, given the potential for a bounce back in demand.
SINGAPORE, Dec 16- Oil prices fell on Tuesday, with Brent mired near a 5-1/ 2 year low close to $60 per barrel, as Chinese factory activity slowed for the first time in seven months and stumbling emerging market currencies dented demand expectations. Brent for January delivery was at $60.70 a barrel at 0520 GMT, down 36 cents and close to the 5-1/ 2- year low of $60.20 hit...
SINGAPORE, Dec 16- Oil prices fell on Tuesday, with Brent mired near a 5-1/ 2 year low close to $60 per barrel, as Chinese factory activity slowed and concerns rose over the health of emerging market economies and their currencies. Brent for January delivery was at $60.81 a barrel at 0420 GMT, down 25 cents and close to the 5-1/ 2- year low of $60.20 hit on Monday.
Victor Shum, Vice President at IHS Energy Insight, says chances of a U.S. production cut are higher than an OPEC response, which will be the catalyst for a recovery in oil prices.
TOKYO, Dec 16- U.S. crude futures were trading on Tuesday below $56 a barrel and near a 5- year low hit in the prior session, dropping for a fifth session after the UAE oil minister said there was no need for an emergency OPEC meeting to support prices. *NYMEX crude for January delivery was down 22 cents at $55.69 a barrel by 2334 GMT, after settling down $1.90, or 3.3...
John Kingston, Global Director Of News at Platts, expects energy prices to see short-lived downward spikes to $20-30 a barrel on persisting market imbalances.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another volatile day for crude as WTI and Brent were both down on the day.
Discussing potential OPEC cuts in 2015 and the state of global oil, with Sameer Samana, Wells Fargo Advisors, and Helima Croft, RBC Capital Markets.
CNBC's Jackie DeAngelis reports crude oil sits at fresh 5-year lows and the national average for gas is at $2.54.