Richard Mallinson, geopolitical analyst at Energy Aspects, and Peter Hutton, energy analyst at RBC Capital Markets, debate whether Iran could increase oil production as soon as sanctions are lifted next year.» Read More
*Brent crude tumbles ahead of talks with Iran. NEW YORK, Nov 19- World stock markets dipped on Tuesday as investors sought new catalysts to extend a rally amid signs of tepid economic growth, while crude oil sank ahead of a possible easing of sanctions against Iran.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. There was mixed price action in the energy pits today. Traders expect the downward momentum to continue, she says.
PERTH, Nov 19- U.S. crude oil futures were steady on Tuesday after dropping the previous session on worries the U.S. It fell 81 cents to $93.03 per barrel the day before.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
NEW YORK, Nov 18- U.S. oil futures fell on Monday, weighed down by expectations the Federal Reserve could taper its bond buying program. Crude prices fell quickly in early afternoon activity after William Dudley, the president of the Federal Reserve Bank of New York, said he was "getting more hopeful" on prospects for U.S. economic recovery.
NEW YORK, Nov 18- U.S. oil futures fell more than $1 per barrel on Monday on the view that supplies were ample, along with worries that demand could weaken after a U.S.
*Gold snaps three days of gains to drift lower. LONDON, Nov 18- Gold prices eased on Monday as lacklustre physical demand and a retreat in other commodities prompted traders to lock in three days' worth of gains, although expectations that U.S. monetary policy would stay loose for the time being lent support.
PERTH, Nov 18- U.S. crude oil futures slipped in early Asian trading on Monday after a U.S. official said that an agreement to curb Iran's nuclear program is "quite possible" this week. Major powers and Iran are scheduled to meet in Geneva on Nov. 20-22.
NEW YORK, Nov 15- Coffee had its biggest gain in more than two years in London, reflecting bad harvesting weather for Vietnam's robusta crop, while cocoa rallied in New York as the "softs" markets dominated Friday's action in commodities. Coffee and cocoa had among the biggest gains of the day on the Thomson Reuters/ Core Commodity CRB index.
NEW YORK, Nov 15- Oil futures were moderately higher in choppy trading on Friday supported by Libyan supply outages and supportive comments from the Fed chair nominee, but gains were limited by reports that a deal with Iran may be near on its nuclear program.
NEW YORK, Nov 15- Oil futures turned lower on Friday on reports that Western powers may reach a deal with Iran as early as next week on its nuclear program. Sanctions against Iran because of its nuclear program have kept some 1 million barrels of oil off the global market. Brent crude was 47 cents lower at $107.81 at 12:04 p.m. EST after trading as high as $108.65.
Gary Clark, analyst at Roubini Global Economics, explains that the Brent-WTI spread should remain wide until the second quarter of 2014 and that tapering is bad for oil and commodities markets.
SINGAPORE, Nov 15- Brent oil futures held above $108 a barrel on Friday, heading for its biggest week since early July on expectations the Federal Reserve will stick with its easy money policy for now.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed the day lower after a strong inventory report. And gold was up on Yellen's testimony.
*Coming up: Yellen speech to Senate at 1500 GMT; EIA stockpile data at 1600 GMT. LONDON, Nov 14- Brent oil rose towards $108 per barrel on Thursday on reassurance that the U.S. Brent for December delivery was up 78 cents at $107.90 per barrel at 1348 GMT.
*Coming up: Yellen speech to Senate at 1500 GMT; EIA stockpile data at 1600 GMT. LONDON, Nov 14- Brent oil rose towards $108 per barrel on Thursday on reassurance that the U.S. Brent for December delivery was up 43 cents at $107.55 per barrel at 1123 GMT.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Supply disruptions and doubts of an Iranian agreement drove prices higher today.
SINGAPORE/ SHANGHAI, Nov 14- The Shanghai Futures Exchange plans to launch an oil futures contract that will compete to become the benchmark price for the 30 million barrels of crude consumed in Asia every day. Contract unit: 100 barrels; versus 1,000 barrels for global benchmarks WTI and Brent as China aims to also attract retailers' interest.
*Libyan situation "getting worse," Eni boss tells BBC. NEW YORK, Nov 13- Oil futures on both sides of the Atlantic climbed more than $1 on Wednesday as support from Libyan supply outages offset forecasts of a rise in U.S. stockpiles and uncertainty over how soon the U.S.
CNBC's Sharon Epperson reports that gasoline prices rose nationally for the first time in nearly two weeks today. Will the rise continue?