SINGAPORE, Dec 11- U.S. oil futures traded at their highest in six weeks above $98 a barrel on Wednesday after U.S. data showed a larger-than-expected drop in crude inventories.» Read More
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.
Michael Langford, Proprietary Trader at StreamTrading.com and Boris Schlossberg, Director of Currency Research at GFT on the latest moves in the commodities sector and investment strategy accordingly.
Falling copper prices signal recession but its fortunes could turn in Q4, says Soozhana Choi, Head of Commodities Research - Asia at Deutsche Bank.
The Fast Money traders weigh in on Wednesday's dramatic drop in copper, and Morgan Stanley lowers its Brent oil forecast for 2012. Also, a look at why the big sell-off in copper is a healthy correction, with Kevin Kerr, Kerr Trading president.
Libya is back in the game but what does that mean for oil prices? Kevin Ferry, TheContrarianCorner.com, and Olivier Jakob, PetroMax provide perspective.