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
Oil prices should stay at their currently low levels, or drop further, due to a "perfect storm" of risk factors.
Are central bankers worried about deflation? CNBC's Steve Liesman examines inflation and deflation targets and trends and how they play into monetary policy in England.
Saudi Arabia is telling oil market participants that it's fine with lower oil prices for an extended period.
CNBC's Jackie DeAngelis reports oil continues to fall as Middle Eastern producers say they are comfortable with prices where they are and are letting prices slide.
The price of crude oil is down more than 20 percent from its high this year. Breaking down the moves in oil is Matt Smith, Schneider Electric.
Digging into the fundamentals of the oil market, and the state of production, with Dan Dicker, TheStreet.com senior contributor.
Bank of Japan Governor Haruhiko Kuroda, says a lower oil price will benefit Asia's economy.
Iain Armstrong, oil analyst at Brewin Dolphin, says the current low oil price is not sustainable as the major producers will struggle to make money.
Victor Shum, VP of IHS Energy Insight, says OPEC oil producers seem to be entering a war for market share and that will drive prices lower.
Amid factors like a stronger U.S. dollar and slowdown in Europe, only a new supply shock will be able to reverse falling oil prices, says John Kingston, Director of News at Platts.
CNBC's Courtney Reagan reports on the day's activity in the commodities markets. Oil closed around $86 after the Saudis said they would be increasing production. And it was a negative day for metals, even though copper closed up slightly.
John Licata, Founder & Chief Energy Strategist at Blue Phoenix, discusses the significance of the upcoming OPEC meeting for oil prices.
Kurt Cambier, Senior Partner of Centennial Capital Partners, says strong global economic fundamentals will help oil prices to recover soon.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. More downward pressure on oil today, as WTI fell under $86/barrel.
CNBC's Jackie DeAngelis reports natural gas inventories increased 105 billion cubic feet.
David Lennox, Resources Analyst at Fat Prophets, expects members of the OPEC cartel to announce a cut in production if oil prices continue to fall.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, expects a recovery in oil prices soon as the impact from Saudi Arabia's output reduction comes through.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today. The DOE report showed higher-than-expected build in supplies.
CNBC's Jackie DeAngelis reports oil prices hit new lows while crude sinks further below $90 a barrel.
CNBC's Jackie DeAngelis reports crude oil inventories built 5 million barrels this week. Peter Amandio, Chicago Energies, provides insight on the number.