U.S. stocks lower; MSCI world index also down. NEW YORK, Jan 30- Oil prices surged on Friday following the sharpest weekly drop in U.S. oil rig count in nearly 30 years, while the dollar index was on track to end January with gains of about 5 percent. U.S. crude rose 8.3 percent to settle at $48.24 a barrel, while Brent crude jumped 7.9 percent to settle at $52.99.» Read More
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders remain focused firmly on tomorrow's testimony from Fed Chairman Ben Bernanke. And expectations for this week's oil inventories.
CNBC's Sharon Epperson takes a look factors that contributed to the major reversal in precious metals on Monday and what sent oil prices to a 7-week high. She also discusses events in the the coming days that could impact the price action in energy and metals.
Brian Stutland explains why options traders are betting big on oil refiners.
Mitsui, Mitsubishi and Nippon Yusen reached a joint venture agreement with the U.S. firm Sempra Energy. The project, estimated to cost $10 billion, plans to produce 12 million tons of liquefied natural gas a year by 2017, or equivalent to 10% of annual Japanese demand. The Nikkei's Sachiko Kishida reports.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. After the dollar slipped, oil and gasoline futures climbed a bit. Nat gas was down on a bigger-than-expected build. A mixed picture in the metals markets, as well.
CNBC's Bertha Coombs says negative economic data from Europe put pressure on commodities overall. Prices at the pump are 12 cents below where they were a year ago.
CNBC's Bertha Coombs reports the latest numbers on energy supplies from the EIA Inventory Report.
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.
Gary Clark, analyst at Roubini Global Economics, expects near-term fundamental weakness in crude oil pricing but sees spreads widening come summer as demand picks up.
Victor Shum, VP of IHS Energy Insight gives his advice on how to play the oil market in the coming year.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was lower on the day, while gold dipped and came back later in the day.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders appear more enamored with stocks than commodities, she says. Record crude supplies are pressuring prices downward. And gold is still under pressure.
CNBC's Sharon Epperson has the latest numbers on natural gas supplies, as prices hit a one-month low of $3.88.
CNBC's Courtney Reagan 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 discusses the day's activity in the commodities markets. Tomorrow, traders will be watching U.S. oil inventories as well as China trade data.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders are watching the situation in the Middle East and whether violence could spread throughout the region, she says.
Oil prices are at a one month high, with CNBC's Sharon Epperson and Helima Croft, Barclays.
Amrita Sen, chief oil analyst at Energy Aspects, comments on oil prices rebound and says the change comes from the supply side with shortfalls mounting in many key areas.
David Greenberg, Greenberg Capital explains why he believes falling commodity prices can be good for consumers.
CNBC's Sharon Epperson on what to watch in commodities -- particularly natural gas and gold -- in the day ahead.