Gaurav Sodhi, Resources Analyst at Intelligent Investor, says the recent declines reflect the elimination of the security premium built into oil prices over the past few years.» Read More
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.
The FMHR traders break down the trade on the euro, metal commodities, and multinationals like IBM, CAT and MCD. Dan Nathan, RiskReversal.com and Matthew DiFrisco, Lazard Capital Markets, weigh in.
Richard Ilczyszyn, iiTrader.com, offers his view on the jobs numbers, crude oil and why the French election could be "trouble for the EU."
Amid climbing jet-fuel costs, Southwest Airlines, the country’s largest domestic passenger carrier, reported a loss in its first quarter. But as it moves into what could be another choppy period, it’s looking to a seasoned “fixer” to smooth out the price swings: Chris Monroe.
CNBC's Maria Bartiromo speaks to T. Boone Pickens, BP Capital founder and CEO, about Delta's deal to buy a ConocoPhillips' refinery and whether investors should steer clear of Chesapeake Energy right now.