Brent hit a 14- month low of $101.07 a barrel on Aug. 19 as investor concerns over conflict in Ukraine and Iraq eased and Libyan output rose. He also said: "The current prices in the world markets are appropriate," adding that events in neighbouring OPEC member Iraq will not "significantly" affect the oil market. Iraq is fighting an Islamist insurgency.» Read More
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed on Friday.
A look at where oil prices are headed, with John Hofmeister, Shell Oil former president/CEO of U.S. operations, who says producers of oil are facing endless obstacles because of the relentless increasing demand.
With the price of Brent crude “sticky,” MercBloc’s Dan Dicker has his eye on some oil services companies that he thinks are undervalued.
Wednesday’s quoted price for Brent Crude (the bench mark generally used worldwide) is $117.70/barrel, while WTI Crude (the benchmark used in the U.S.) delivered at Cushing Oklahoma is $102/bbl.
Discussing whether oil is going higher from here and how to play it, with John Kilduff, Again Capital.
Chris Danely, JPMorgan with the trade on the tablet wars. Also, the update on a court decision that could deliver a major blow to Rambus.
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.
T. Boone Pickens discusses his outlook for energy and how easy it is for the United States to develop its own energy and the benefits of getting off of OPEC's oil.
Turmoil continues to spread in Europe, based on the day's headlines. T. Boone Pickens, founder & CEO, BP Capital Management, talks about the progress of his Picken's plan to develop an energy plan for the U.S. He also comments on the new Keystone pipeline that's running from Canada to Texas.
Steve Grasso, Stuart Frankel, discusses his favorite energy trades with CNBC's Melissa Lee and the Fast Money traders.
Dan Dicker, MercBloc says most of the rally in oil has been WTI related and says he expects the rally to be temporary. Also, the Fast Money traders weigh in with the trade on Starbucks' acquisition of Evolution Fresh for $30M in cash.
CNBC's Brian Shactman discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
CNBC's Bertha Coombs has the inventory data on crude oil.