*Consensus grows that Brent to remain above $60 for rest of year. SINGAPORE, Dec 22- Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.1...» Read More
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Energy inventory numbers are coming, and while things look bearish for oil, they should be bullish for nat gas.
CNBC's Bertha Coombs reports oil prices have retreated following the Iran nuclear deal, and natural gas has rallied ahead of Thursday's inventory number.
We are seeing weak demand for the precious metal, says Kathleen Kelley, Queen Anne's Gate Capital Management, explaining why she suggests shorting gold in the new year, and likes the play in copper.
Jeffrey Currie, Goldman Sachs head of commodities research, provides his outlook for commodity markets in 2014 and explains the volatile start to the commodities season. Currie also gives his expectations for the U.S. economy.
CNBC's Bertha Coombs reports on what's moving energy prices today as some fund managers trim their positions in oil and gas.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says Iranian oil will bring increased supply of oil while demand remains "tepid", causing oil prices to push lower.
Magnum Hunter Resources Chairman & CEO Gary Evans provides insight on its positions in the Appalachia Basin, and how it will make the U.S. energy independent with opening export markets.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. It's still cold, but a warming trend is headed our way, so nat gas plummeted today. An increase in fuel supplies in the U.S. and Europe put downward pressure on oil.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Oil tumbled today after gas supplies rose by more than expected. Natural gas was helped by the frigid temperatures, but that's supposed to change in the next few weeks.
Crude oil supplies fell by 2.68 million barrels and gasoline supplies rose by 6.2 million barrels in the past week, reports CNBC's Sharon Epperson.
Stephen Schork, The Schork Report editor, explains how the recent polar vortex has impacted the nation's energy supplies. The cold has interrupted the viscosity of the oil, explains Schork, making it heavier and harder to transport.
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.
Chris Faulkner, Breitling Oil & Gas president & CEO, and Tyson Slocum, Public Citizens Energy Program director, debate lifting the ban on oil exportation and the effect it will have on gas prices. Faulkner argues that exporting crude will create more jobs and invest in the U.S. oil revolution.
David Hewitt, Global Co-head of Oil and Gas Research at Credit Suisse, says Saudi Arabia's control of the oil market to weaken on the back of more supply from Libya, Iraq and Iran.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Gold got hammered early this morning, in a matter of minutes. Oil was largely unchanged on the day, and if an agreement is reached over Iran's nuclear program, it could fall to $80/barrel, she reports.
Malcolm Graham-Wood, founding partner at Hydrocarbon Capital, says China's GDP will be around 7.5 percent in 2014 and this will keep oil demand strong.
Following North Dakota's train derailment, Deborah Hersman, NTSB chairwoman, says a lot of the infrastructure necessary to safely transport bakken oil is not yet in place.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
CNBC's Jackie DeAngelis reports the yearly average price for gasoline is expected to drop under $3.40 a gallon this year due to a more robust gas supply coming out of the U.S. and Canada.
Discussing the safest way to transport oil, with Peter Goelz, O'Neill and Associates, and John Hofmeister, Citizens for Affordable Energy.