Discussing stability in the Saudi oil market and the future price of oil, with price Helima Croft, RBC Capital Markets chief commodities strategist.» Read More
NEW YORK, Aug 13- Brent crude futures turned higher on Wednesday, recovering from a 13- month low as the dollar weakened against the euro and as traders covered shorts ahead of weekly U.S. government data on the nation's oil inventories. Continuing geopolitical threats to supply also continued to support crude futures, brokers and traders said.
LONDON, Aug 13- Brent crude oil bounced off a 13- month low on Wednesday, reversing early losses to trade back above $103 a barrel as traders with one eye on potential supply disruptions in Iraq started buying.
The "Squawk on the Street" news team discusses the fiscal Q3 earnings of Deere & Company and the farm economy.
*OPEC output rose to five-month high in July- IEA. LONDON, Aug 13- Brent crude oil fell for a fourth straight day on Wednesday to its lowest in more than a year, dipping towards $102 a barrel as strong supplies overshadowed fears of disruptions from violence in OPEC members Iraq and Libya.
SINGAPORE, Aug 13- U.S. crude futures fell for a second day running on Wednesday as a well supplied market countered supply disruption risks in Iraq and Libya. *The September Brent oil contract slipped 10 cents to $102.92 per barrel, not far off Tuesday's trough of $102.65 which was its weakest since July 2013.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude moved lower, in spite of unrest in the Middle East. An IEA report said there was more supply for oil than demand.
CNBC's Bob Pisani breaks down today's trading session and explains the how pressure on oil stocks is hurting the Dow.
*OPEC output hits five-month high in July- IEA. NEW YORK, Aug 12- Brent crude oil fell to a 13- month low on Tuesday as increased OPEC production helped dampen concerns over potential supply disruptions in Iraq and Libya. OPEC output hit a five-month high of 30.44 million barrels per day in July with a 300,000- bpd rise led by Saudi Arabia and Libya, the IEA said.
BRENT CRUDE OIL FUTURES EXTEND LOSSES, FALL $2 ON AMPLE SUPPLY.
*OPEC output hits five-month high in July- IEA. *No supply disruption yet from Iraq, Ukraine conflicts. NEW YORK, Aug 12- Brent crude oil fell to a nine-month low on Tuesday as increased OPEC production helps dampen concerns over potential supply disruptions in Iraq and Libya.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Iraq tensions rise, but traders stay calm. And gold stays over $1,300.
With chaos increasing in the Middle East, CNBC's Jackie DeAngelis reports oil giants like Chevron and Exxon Mobil are cutting staff in the Middle East and demand for oil is waning.
With chaos increasing in the Middle East, CNBC's Jackie DeAngelis reports oil giants like Chevron and Exxon Mobile are cutting staff in the region, but the oil supply remains steady.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says there is "loads of oil" in the world and prices are likely to fall despite continued geopolitical tensions.
Discussing the price of oil in a geopolitical volatile time, John Hofmeister, Citizens for Affordable Energy CEO, says Washington should be doing more to produce more domestic energy.
CNBC's Jackie DeAngelis explains why crude oil prices are steady as geopolitical issues escalate in Iraq and Ukraine.
BRENT CRUDE FUTURES TURNS NEGATIVE AFTER MARKET "SELLS ON THE NEWS" OF THE US STRIKING ISLAMIC STATE TARGETS IN IRAQ.
NEW YORK, Aug 7- Crude oil prices rebounded on Thursday after reports the United States was considering airstrikes on advancing Islamic militants in Iraq revived concerns about supply disruptions from OPEC's No. 2 oil producer. Brent crude gained 85 cents to settle at $105.44 a barrel, and rose more than $1 in post-settlement trading.
BRENT CRUDE OIL FUTURES UP $1 PER BARREL IN POST SETTLEMENT TRADE.