*Baker Hughes data shows pace of rig count drop slows. Both Brent and U.S. futures briefly pared gains after data from oil services company Baker Hughes showed its U.S. oil drilling rig count fell only 33 to 986 this week, after rigs were only down 37 in the previous week. Brent April crude was up $1.27 at $61.32 a barrel at 1:28 p.m. EST, on pace to post a 15 percent...» Read More
TOKYO, Oct 2- U.S. crude futures edged up on Thursday towards $91 a barrel and paring losses from a day earlier due to support from a U.S. government report showing a surprise drop in U.S. crude stockpiles. *NYMEX crude for November delivery was up 18 cents at $90.91 a barrel by 2324 GMT, after settling down 43 cents at $90.73 on Wednesday. *The oil price drop is a concern for...
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Traders say fundamentals are likely to continue to push down the price of oil. Gasoline futures rebounded, but are still down, she says.
Don't bank on cheap oil, MercBloc President Dan Dicker says.
CNBC's Bertha Coombs reports the latest data on crude oil and gasoline inventories.
"It's a tiny bit better than the market expected, but the China bears have been beating their chest very loudly in the past few weeks so we should see some relief rally," said Ben Le Brun, market analyst at OptionsXpress in Sydney. Brent oil for November delivery was up 30 cents at $94.97 a barrel by 0627 GMT, off a session high of $95.17.
*NYMEX crude for November delivery was up 19 cents at $91.35 a barrel by 0014 GMT, after settling down $3.41 at $91.16 on Tuesday, hurt by falling gasoline prices and the dollar's surge to a four-year peak against a basket of currencies.
The "Fast Money" traders look at the big drop in oil prices.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. The dollar hit multi-year highs, which hit commodities hard today.
NEW YORK, Sept 30- Commodities posted their biggest quarterly drop in three years on Tuesday as plummeting oil prices and lower markets from gold to copper to soybeans brought the third straight monthly decline to a sector pressured by a surging U.S. dollar. Gold futures hit a 2014 low, the sharpest monthly slide since June 2013.
NEW YORK, Sept 30- Brent oil slipped below $97 a barrel on Tuesday, hit by dollar strength and ample supply, and U.S crude also fell as both benchmarks headed for the deepest quarterly drop in more than two years. Brent for November delivery was down 97 cents at $96.23 per barrel at 11:06 a.m. EDT.
LONDON, Sept 30- Brent oil slipped below $97 a barrel on Tuesday, hit by dollar strength and ample supply, and was heading for its deepest quarterly drop in more than two years. Brent for November delivery was down 33 cents at $96.87 per barrel by 1403 GMT.
LONDON, Sept 30- Brent oil steadied above $97 a barrel on Tuesday, supported by U.S. and Chinese economic data, but was still set for its deepest quarterly drop in more than two years because of strong supply. Brent for November delivery was up 10 cents at $97.30 per barrel by 0830 GMT.
TOKYO, Sept 30- Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop in more than two years on plentiful supplies.
TOKYO, Sept 30- Brent crude futures edged back down towards $97 a barrel on Tuesday because of ample supplies, a lacklustre global economy and the strengthening of the dollar to a four-year peak against a basket of major currencies. London Brent for November delivery was trading 9 cents lower at $97.11 a barrel by 0248 GMT, after rising 20 cents on Monday.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The dollar was slightly weaker, which helped commodities today ... slightly. Nat gas rallied over $4 today.
LONDON, Sept 29- Brent crude oil fell below $97 a barrel on Monday, moving closer to a two-year low hit last week as weak data from major buyer China and a stronger U.S. dollar added to pressure from strong supplies. Brent for November delivery fell 61 cents to $96.39 a barrel by 0757 GMT.
HOUSTON, Sept 26- Brent crude futures ended flat on Friday as improving supply and concerns about tepid demand for oil in Europe and China offset concerns about the Middle East conflicts, while U.S. crude rose on supportive economic data from the United States.