NEW YORK May 16- Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market. "If we have to pick a driver for today, it's that the dollar's under pressure," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.» Read More
Brent crude prices are likely to go down towards $100 a barrel as weak economic data around the world continues to hit demand, Stuart Joyner, oil and gas analyst at Investec, told CNBC Tuesday.
"Brent looks quite vulnerable to me and I do expect Brent to come down closer to $100 a barrel next year," Stuart Joyner, oil and gas analyst at Investec, told CNBC.
Andrew Su, CEO of Compass Global Markets, sees good value in safe heaven commodities gold and silver.
Dominic Schnider, head commodity research at UBS Wealth Management, says macro economic issues will keep driving commodity prices down.
Michael Langford, proprietary trader at StreamTrading.com., says the commodity market is positioning for higher prices on the back of optimism coming from Europe.
The Fast Money traders with tomorrow's trade on Google. Also Dan Dicker, MercBloc president provides insight on copper & oil prices, and China's trade data, with the Fast Money traders.
Sandy Jadeja, chief technical analyst at City Index, joined CNBC for a technical look at the FTSE 100, NYMEX crude oil, and gold.
CNBC's Sharon Epperson reports on what energy traders will be watching in Thursday's session. The US Energy Information Administration releases its weekly natural gas storage report at 1030am. EIA weekly petroleum inventory data follows tomorrow at 11am.
Earnings season kicks off Tuesday and MercBloc's Dan Dicker expects a few surprises.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Jonathan Barratt, managing director of Commodity Broking Services and founder of Barratts Bulletin, explains why copper prices will bounce back when China re-inters the market.
Paul Sankey, Deutsche Bank lead oil analyst with the play on oil refiner stocks, and the trade on metals, especially aluminum, which is cheap relative to other base metals, says Dan Dicker, Mercbloc president.
CNBC's Mary Thompson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Vandana Hari, Director for Oil and Gas, Platts, and Vasu Menon, vice president, OCBC Wealth Management, agree that oil prices will continue to track the poor sentiment in the global economy.
Francisco Blanch, head of global commodity research at BofA Merrill Lynch forecasts oil prices will drop lower while gold prices will head higher towards the end of the year.
Find out what Dan Dicker sees in the price of oil and oil services stocks.