LONDON, Aug 1- Brent crude oil fell to a two-week low on Friday, slipping towards $105 a barrel as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. Worries over geopolitical risks to oil supply have eased despite escalating violence in parts of the Middle East and North Africa.» Read More
David McAlvany, McAlvany Financial Group, and Patric DeHaan, GasBuddy.com, provide perspective on where gasoline prices may be headed in the next month.
Andy Lipow, Lipow Oil Associates president, discusses how high corn prices has impacted gasoline prices. "Ethanol prices are up 30 percent in the last 3 months," he says.
Gold had been recovering over the last month, but is falling today, reports CNBC's Bertha Coombs.
A major oil find by Canada’s Tethys Petroleum in Tajikistan comes at a bad time for the Central Asian country, as the security situation is about to skyrocket out of control in a restive province on the border with Afghanistan.
Nick Trevethan, Senior Commodities Strategist at ANZ Research, says investors will have to bear with a few more bumps down the road before China's demand picks up again in Q4. He also talks about how geopolitical risks impact oil prices.
Dan Morgan, Commodity Analyst at UBS in Sydney expects the commodity space to pick up from the fourth quarter of the year, driven by seasonal demand and flows from China.
The promise of discovering a clean, green, safe, and (due to the fact that it is fueled by the most abundant metal and gas on the planet, nickel and hydrogen) cheap renewable energy source is causing many investors and scientists to overcome their previous reluctance and enter the field.
Earlier this week, crude oil bounced up $1 after a false Twitter rumor that Syria's president had been killed. Joe Weisenthal, Business Insider; Catherine Rampell, The New York Times; and CNBC's John Carney, discuss the Tweets you should trust.
John Hofmeister, Citizens for Affordable Energy, discusses what's causing the downbeat forecast for oil next year.
A combination of persistently high prices and a weak economic backdrop will keep a lid on oil consumption this year, the International Energy Agency (IEA) said on Friday, while a slightly improved demand growth for 2013 will likely be offset by, among other things, the resumption of nuclear capacity in Japan reducing the need for oil.
Gareth Lewis-Davies senior oil strategist BNP Paribas says on "face value" the latest IEA report is bearish for the oil markets, but the drop in oil demand could be matched by a production cut by Saudi Arabia.
U.S. Secretary of State Hillary Clinton is in the midst of an 11-day trip across sub-Saharan Africa. Speaking on 1 August on the topic “Remarks on Building Sustainable Partnerships in Africa,” Clinton at the University of Cheikh Anta Diop in Dakar, Senegal, Clinton told her audience, “The Obama Administration’s comprehensive strategy on Sub-Saharan Africa is based on four pillars: first, to promote opportunity and development; second, to spur economic growth, trade, and investment; third, to advance peace and security; and fourth, to strengthen democratic institutions.”
Natural gas futures have been on a rollercoaster ride after soaring 6 percent to the highest price in a week, after a U.S. government report on supplies. Unable to hold those gains, natural gas futures slid sharply and extended their decline below the $3-mark in electronic trading later in the day. In light of the recent volatility, CNBC's Sharon Epperson takes a look at key technical levels and fundamental factors driving the natural gas market in the session ahead.
A look at this week's natural gas inventory numbers, with CNBC's Sharon Epperson.
Ahead of the release of major government reports on two key commodities, CNBC's Sharon Epperson takes a look how at corn and natural gas may fare in the next session.
Retail gasoline prices in the U.S. Midwest were as much as 50 cents higher than in the rest of the country this week, and a number of contributing factors are to blame.
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.
Ever since its founding as an autonomous state in 1948, Israel has relied on imported energy to meet its domestic power demands. However, offshore exploration operations have now found giant natural gas fields able to supply the country with more gas than it can use.
A look at the latest market moves and the run in crude oil, with Jack Bouroudjian, Bull and Bear Partners CEO.
The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in Baghdad for withholding payments owed to international oil companies working in the semi-autonomous north. The region's Ministry of Natural Resources said the resumption was a goodwill gesture meant to encourage the central government to settle the outstanding payments. With foreign companies seemingly focusing their financial energy in northern Iraq, however, the gesture may be more of a power play than a confidence-building effort.