LONDON, Oct 2- Oil prices hit their lowest level since June 2012 on Thursday, with benchmark Brent prices dropping below $92 a barrel, as price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data. Oil declined together with European stocks ahead of a European Central Bank meeting on Thursday, as investors waited to see if...» Read More
CNBC's Sharon Epperson has the crude oil inventory data.
Roelof van den Akker, CEO of ING Wholesale Banking, joined CNBC for a technical look at the crude oil market, the euro/dollar exchange rate and the S&P 500.
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.
CNBC's Sharon Epperson has the data on natural gas inventories.
CNBC's Sharon Epperson has the weekly data on crude oil demand and inventories.
The death of Saudi Arabia’s Crown Prince Sultan brings into play the system for choosing a new heir to the country's throne, and as one of most high-profile governments still resisting changes brought on by the Arab Spring, the importance of communicating stability affects investor sentiment across the Arabian Peninsula and energy markets around the world.
A drop-off in gasoline sales and refineries reluctant to buy new crude supply should keep demand weak, as oil imports hit their lowest weekly level in 15 years.
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.
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.