China oil major CNPC is probing a 2013 oil deal as part of the mainland's sweeping corruption crackdown, taking down one of Premier Xi's political rivals.» Read More
TOKYO, Dec 19- U.S. crude futures jumped 2 percent in early trading on Thursday to above $55, recouping about half the losses in the previous session when oil fell to near five and a half year lows. U.S. crude for January delivery, which expires after Friday's settlement, was up 77 cents or 1.42 percent, at $55.88 at 0001 GMT, after rising to as high as $55.50 in earlier...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down on the day, but the market was up. Way up. Traders are looking for oil to dip into the $40s soon.
Oil futures fell sharply, failing to hold a rally for a second day and signaling traders that the selling is not over.
*Brent, U.S. crude fall over $2 a barrel after Wednesday rally. Benchmark Brent and U.S. crude tumbled $2 a barrel each in late trading after initially extending Wednesday's short-covering, which lifted oil prices by more than $3. Some cited a Bloomberg report about a Nigerian port workers union suspending a strike, although workers in that dock union were only...
Oil closed at $54.11 per barrel with momentum to the downside, reports CNBC's Jackie DeAngelis.
CNBC's Jackie DeAngelis reports on the downward move in oil after Wednesday's stabilization.
Elon Musk has lost more than $1 billion on his Tesla holdings alone in the last month, but he may be a lot happier next year, if analysts are right.
The oil market will eventually respond to low prices, but demand remains muted in China and elsewhere, said Maria van der Hoeven.
CNBC's Dominic Chu reports which beaten down energy stocks investors are getting in.
NEW YORK, Dec 18- Global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut. But in late morning trade in New York, benchmark Brent and U.S. crude fell more than $1 a barrel to session lows. "We're continuing to search for a bottom, and might even see...
Manji Cheto, vice-president of Teneo, explains why the Nigerian central bank has barred banks from dollar holdings.
Discussing the state of the oil market and when prices will rise, with Maria Van Der Hoeven, IEA executive director.
Traders also cited a Bloomberg report that a port workers' union in Nigeria had ended its strike, potentially allowing crude oil shipments to resume out of the country.
LONDON, Dec 18- "If we consider the actual basis of this, how unreliable and transient it is, we soon realise that war is a flimsy structure that can easily collapse and bury us in its ruins." German military theorist Carl von Clausewitz was writing about the role of intelligence in warfare, but his insight about unreliable information is equally applicable to...
BRENT CRUDE OIL FUTURES TURN NEGATIVE, JOINING U.S.
CNBC's Jackie DeAngelis reports the latest read on natural gas inventories.
LONDON, Dec 18- Brent crude pared early gains on Thursday to trade back below $62 a barrel, giving up much of a 3 percent spike in London as traders assessed whether a price rout is done. Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelms demand, with losses accelerating after producer group OPEC...
Naimi said oil oil's price slide is only temporary, and that cutting down output required more support form big oil producers.
CRUDE OIL FUTURES TURN NEGATIVE, RETREATING FROM RALLY AFTER 5- YEAR LOW.