SINGAPORE, May 29- Crude futures rose about 1 percent on Friday after American inventories fell for a fourth straight week although prices are set for a weekly drop on a stronger dollar. July Brent crude climbed 51 cents to $63.09 a barrel by 0259 GMT but is set to post losses for a second straight week. Data from the U.S. Energy Information Administration showed on...» Read More
62 percent of respondents said they were bearish on oil this week, according to CNBC's oil survey.
CNBC's Bertha Coombs reports on the divergence between WTI and Brent crude, and the rise in gold.
Eugen Weinberg, head of commodity research at Commerzbank, says Brent prices are "elevated and ahead of fundamentals" and that the spread with WTI currently has "a life of its own."
Iain Armstrong, oil analyst at Brewin Dolphin, discusses the movement in oil price in the aftermath of the Iran nuclear deal.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. There's was a mixed trade for oil today, but a bullish day for nat gas, as the drawdown was bigger than expected. Oil hit a 5-month low after a bigger-than-expected build.
CNBC's Dominic Chu breaks down crude oil, which is at its lowest level since June. Jeff Kilburg, KKM Financial founder & CEO, and Brian Stutland, Stutland Volatility Group managing member, provide perspective.
CNBC's Bertha Coombs reports on the bearish inventory numbers and WTI prices.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Traders are looking ahead to inventory numbers after the deal with Iran. They expect a build of about 800,000 barrels, she says.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. There was a muted reaction to the deal with Iran in the markets, she says. Still, gas prices could fall, depending on the situation at U.S refineries.
Brian Kelly, Brian Kelly Capital founder, and Pavel Molchanov, Raymond James senior VP and energy analyst, explain why gas prices are spiking as oil prices continue to fall.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says there is no likelihood of significant volumes of Iranian crude hitting the oil market for some time to come.
Sean Corrigan, chief investment strategist at Diapason Commodities Management, discusses the oil market amid the Iran nuclear deal.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude futures closed higher in spite of a potential December taper by the Fed.
Mark Keenan, Head of Commodities Research, Asia at Societe Generale says the current spread between WTI & brent is unlikely to increase in the short-term because of seasonal factors.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. There was mixed price action in the energy pits today. Traders expect the downward momentum to continue, she says.
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, explains that the Brent-WTI spread should remain wide until the second quarter of 2014 and that tapering is bad for oil and commodities markets.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed the day lower after a strong inventory report. And gold was up on Yellen's testimony.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Supply disruptions and doubts of an Iranian agreement drove prices higher today.
CNBC's Sharon Epperson reports that gasoline prices rose nationally for the first time in nearly two weeks today. Will the rise continue?