CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Events in the Middle East don't appear to be impacting oil prices ... for now.» Read More
Mike Harrowell, Senior Resources Analyst, BBY explains why he is confident that gold will remain a safe haven.
John Hofmeister, founder and CEO of the nonprofit Citizens for Affordable Energy and Shell Oil’s former U.S. CEO, tells CNBC that looming EU sanctions aimed at punishing Iran for continuing its nuclear program will be “a non-event.”
The increase in demand for oil from emerging countries is not enough to counteract the fall in demand from established economies, Alejandro Barbajosa, oil markets specialist at Argus Media told CNBC.
Oil fell to its lowest levels in a year and a half on Thursday, the outlook for oil remains weak and sanctions imposed on Iran are likely to make matters worse, Dan Yergin, co-founder and chairman of energy research consultancy Cambridge Energy Research Associates (IHS CERA) told CNBC.
Commodities bulls may have finally “thrown in the towel,” Marc Faber, the editor and publisher of the Gloom, Boom and Doom report told CNBC, after commodities suffered their biggest one-day fall this year on Thursday.
In ten days on July 1st a sweeping European Union ban on Iranian imports will go into effect in response to the Islamic Republic’s burgeoning nuclear program. In addition, and just as importantly, EU based insurance firms will no longer be able to insure any ship carrying Iranian oil.
Edward Morse, Head of Commodities Research, Citi says that lots more driving taking place in the U.S. now than four months ago, but gasoline demand is still at the low end when compared over a six year period.
The deepening euro zone debt crisis saw oil prices shave off around 20 percent from their 2012 highs as the supply/demand ratio narrowed, according to the latest International Energy Agency report.
The Fast Money traders explain why the Spanish bank bailout did not help the markets; and discuss whether investors should buy the current dip in oil as the commodity settles at its lowest closing price in 8 months.
Crude oil prices have plummeted 20 percent over the past three months, but the CEO of Europe's biggest oil company Royal Dutch Shell, Peter Voser, doesn’t think global demand is “collapsing”. He, however, expects further downside in oil prices in the second-half of the year as the market is well supplied.
The price of the world’s most important oil benchmark is being boosted by South Korean refiners buying on the back of a tax loophole involving North Sea oil. The FT reports.
Exxon Mobil will continue to be robust and will maintain record levels of investment, valued at $27 billion in 2011, in the next couple of years despite the downturn in global oil demand and fluctuations in prices, Rex Tillerson, CEO of Exxon Mobil, told CNBC on Tuesday.
CNBC's Kelly Evans reports on all the market moving activity in European markets, including an emergency meeting held today by G7 Finance chiefs on worries about a possible run on Spanish banks.
Stephen Schork, "The Schork Report" editor and Ben Lichtenstein, TradersAudio.com, discuss the outlook on oil futures and whether consumers can expect an increase in gasoline prices.
The FMHR traders discuss the impact a weakening euro is having on energy commodities; Citigroup upgrading LinkedIn to "buy," and the trade on Facebook since the stock is down 23% after its IPO. Michael Genovese, MKM Partners analyst, shares perspective on how to trade Research In Motion.
For the first time since November 1, crude oil touches below $90, reports CNBC's Sharon Epperson. Dennis Gartman, The Gartman Letter, weighs in on oil prices and the impact the euro is having on the global markets.
Nansen Saleri, CEO,Quantum Reservoir Impact president & CEO, discusses the drop in gasoline prices and weighs in on global oil demand.
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.
Dominic Schnider, Head Commodity Research, UBS Wealth Management discusses his outlook for the yellow metal. He says prices could head towards $1,520/oz in the near term.
A check on the latest market moves, with Scott Bauer, Trading Advantage senior market strategist; and CNBC's Bertha Coombs reports on the direction of metals and energy in the commodities markets.