NEW YORK, May 29- Oil prices jumped almost 5 percent on Friday, their biggest rally in a month and a half, as a steady U.S. dollar and a bigger than expected drop in oil rigs set off a renewed rush of bullish bets. Brent crude settled at $65.56 a barrel, up $2.98, or 4.8 percent, on the day. U.S. crude has risen by as much as $4 a barrel after hitting a one-month low just a day ago,...» Read More
LONDON, Dec 2- Stock markets wobbled in Europe after a strong start on Tuesday as oil prices resumed the sharp falls that have shocked global financial markets over the past month. A bounce in oil prices on Monday from five-year lows had helped foster a broadly more positive tone in Asia, but by mid-morning in Europe Brent crude was down more than 1 percent on the day...
Greg Zuckerman, WSJ special writer, and Bernard Clark, Haynes & Boone partner, discuss the fallout from crude's falling prices on smaller energy producers.
Ian Bremmer, Eurasia Group president, discusses the impact of oil's decline on Venezuela, Nigeria, and Russia.
Ian Bremmer, Eurasia Group president, discusses the impact of falling oil prices on Russia and Vladimir Putin.
Joseph Quinlan, U.S. Trust, and Sameer Samana, Wells Fargo Advisors, discuss the global implications of falling crude oil prices. It's going to be a tailwind for global growth, says Quinlan.
DUBAI, Dec 2- Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to be large enough to stop growth in the Arab world's biggest economy. But Brent crude fell to $67 a barrel this week from $115 in June and if current prices are sustained, the budget plan for next year, expected late this month, will...
The rebound in the price of crude oil was a "slight correction" with Brent set to trade in a range of $65-$80, according to Amrita Sen, chief oil analyst at Energy Aspects.
SINGAPORE, Dec 2- Brent crude slipped to near $72 a barrel on Tuesday, giving up some of the gains seen on Monday when prices rallied for the first time in six sessions. A decision by OPEC to maintain output has also pummelled prices. "Saudi Arabia and OPEC no longer have the mechanism to balance markets from the supply side," said Mark Keenan, head of commodities...
Michael Yoshikami, Founder & CEO of Destination Wealth Management, explains why energy prices are destined to go lower.
Nicholas Ferres, Investment Director for Global Asset Allocation, outlines his stock picks amid volatile oil prices.
Ben Lichtenstein, President and Founder of Traders Audio, expects the U.S. stock market to seek value higher ahead of jobs data.
John Carey, EVP & Portfolio Manager at Pioneer Investments, explains what weak Black Friday sales say about the state of the U.S. economy.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Traders think today's bounce can be expected, but lower oil is still ahead. Gold jumped to over $1,200, mostly on concerns about growth overseas.
For Saudi Arabia, blocking cuts in oil production protects market share. But for Venezuela, it may mean "game over" for the economy.
With oil reversing today, CNBC's Michelle Caruso-Cabrera reports Citi has put out a note saying the price of oil has hit a bottom and will go higher from its current level.
In discussing the impact of OPEC's decision to maintain production, CNBC's Brian Sullivan provides insight to what that means for energy companies in the U.S.
Art Cashin, UBS director of floor operations, discusses how oil is impacting U.S. markets and provides his outlook for December.
CNBC's Jackie DeAngelis discusses oil supply and where traders see oil falling by the end of the year.
As oil continues to fall, CNBC's Jim Cramer discusses if energy can drag down the markets and where investors should be deploying cash.
The ruble looked set for its steepest one-day fall since the Russian financial crisis of 1998, plunging about 4 percent as oil prices tumble.