*Islamic State advances in Iraq, Syria raise supply worries. LONDON, May 22- Oil prices slipped on Friday as worries over the impact of war in the Middle East on crude supplies were outweighed by reports of profit-taking ahead of a long weekend. "No one wants to hold open positions ahead of a long weekend so books are being squared, bringing some consolidation," said...» Read More
Bill Smead, CEO and CIO at Smead Capital Management, explains his trading approach against a backdrop of sliding oil prices.
Peter Boockvar, Chief Market Analyst at The Lindsey Group, says Wall Street shares are "extraordinarily overbought" at the moment due to expectations of central bank support.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. OPEC will announce a possible production cut tomorrow.
Discussing the bottom for oil and the outlook for the Middle East region, with Helima Croft, RBC Capital Markets.
CNBC market analyst Steve Grasso, drills down on oil and explains why energy is a short going forward.
CNBC's Melissa Lee reports the natural gas inventories fall to 162 billion cubic feet, a bigger decline than expected.
U.S., BRENT CRUDE FUTURES MOVE LOWER AFTER EIA OIL DATA SHOWS CRUDE STOCKS ROSE LAST WEEK.
CNBC's Bertha Coombs reports the crude oil and gasoline data ahead of tomorrow's OPEC meeting.
CNBC's Steve Sedgwick discusses expectations for OPEC's statement on oil production ahead of tomorrow's meeting.
LONDON, Nov 26- The impact of sub- $80 oil prices rippled across energy-exporting emerging markets on Wednesday, with investors betting other countries will have to follow Nigeria in devaluing their currencies. Brent crude remained firmly below $80 per barrel and around a third lower from June levels after Saudi Arabia signaled it was unlikely to push for a...
*OPEC needs to show unity in face of oversupply- Iran. LONDON, Nov 26- Brent crude oil steadied below $79 a barrel on Wednesday after Saudi Arabia signalled it was unlikely to push for a major change in OPEC oil output despite a collapse in prices. Oil prices have dropped by a third since June and some OPEC members have called for the cartel to reduce production sharply...
*OPEC needs to show unity in face of oversupply- Iran. LONDON, Nov 26- Brent crude oil fell towards $78 a barrel on Wednesday after Saudi Arabia's oil minister said the oil market "will stabilise itself eventually", ahead of a key OPEC meeting to discuss production in response to falling oil prices. Oil prices have dropped roughly 30 percent since June and predictions...
Ahead of the OPEC meeting in Vienna, Charles Whall, portfolio manager at Investec Asset Management, says that the cartel does not need to cut oil production by a lot to see a rise in revenues.
Oil needs to be at $100 per barrel to be at a "fair price", Venezuelan foreign minister Rafael Ramirez told CNBC, as OPEC members decide whether to cut production.
Matt Smith, Commodity Analyst at Schneider Electric, explains why Saudi Arabia is so reluctant to reduce output and warns that investors shouldn't expect too much progress from the meeting.
Tony Nash, Vice President at Delta Economics, says commodity deflation in countries like Germany and China is worrying.
*But hopes for OPEC production cut support prices. SINGAPORE, Nov 26- Oil prices dropped early on Wednesday as Asia's top economies showed signs of weakness, but hopes for output cuts by producer club OPEC curbed losses. In South Korea, a top state-run research institute warned the Bank of Korea against underestimating the danger of Asia's fourth-largest...
David Dietze, President & Chief Investment Strategist, outlines which sectors are best positioned to take advantage of lower oil prices.
Stephen Schork, Editor of the The Schork Report, explains why the oil-rich kingdom is unlikely to go along with Iran's demands for a cut in crude output.
TOKYO, Nov 26- U.S. crude futures extended declines to below $74 a barrel on Wednesday after industry data showed that U.S. crude inventories rose by nearly 3 million barrels last week, about six times more than analysts had expected. It settled down $1.69 at $74.09 on Tuesday after a meeting of Saudi Arabia and three other nations ahead of an OPEC summit ended with...