Peter Boardman, managing director of Tradewinds, expects oil prices to stay low due to the likelihood of an Iran nuclear deal, which will lead to new capacity in the market.» Read More
*Iran nuclear talks extend beyond Tuesday deadline. Talks between Iran and six world powers to settle a dispute around Tehran's nuclear programme extended beyond a Tuesday deadline, as the parties edged towards a deal but failed to agree to crucial details such as the lifting of U.N. sanctions. Talks had appeared to bog down, after the United States warned that it...
TOKYO, April 1- U.S. crude futures edged up on Wednesday, following a more than 7 percent decline over the past three days, as Iran and world powers negotiated beyond a Tuesday deadline, raising uncertainty over a nuclear deal that could add to a global crude glut. *NYMEX crude for May delivery was up 9 cents at $47.69 a barrel by 2257 GMT, after settling down $1.08 at...
Discussing the impact of Iran's nuclear deal on the energy sector, with Dennis Gartman of the Gartman Letter, who says the time to short oil has passed.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down for the third straight day, due to dollar strength, an increase in OPEC output, and the possibility of a nuclear deal with Iran.
OIL PRICES LITTLE CHANGED, REMAIN DOWN, AFTER API DATA ON WEEKLY U.S.
BRENT CRUDE OIL SETTLES DOWN $1.18, OR 2.1 PERCENT, AT $55.11 A BARREL.
CRUDE OIL SETTLES DOWN $1.08, OR 2.2 PERCENT, AT $47.60 A BARREL.
CNBC's Jackie DeAngelis reports what factors are pushing oil lower Tuesday.
The Futures Now team discuss whether oil prices are likely headed lower.
OPEC oil supply has jumped in March to its highest since October, a Reuters survey found.
Carl Icahn was right about Chesapeake Energy in 2012, buying the energy stock when it bottomed out. Is it time to join Icahn's trade again?
*Iran negotiations in Lausanne enter last 24 hours. LONDON, March 31- Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets. With a self-imposed deadline set for the end of the day, the United States, Britain,...
*Oil imports from Iran at 220,000 bpd in year to March 31. *U.S. pressured India not to raise annual Iran oil imports. NEW DELHI, March 31- India halted oil imports from Iran for the first time in at least a decade in March as New Delhi responded to U.S. pressure to keep its shipments from Tehran within sanction limits during the last month of negotiations on a preliminary...
Jochen Wermuth, Managing Partner of Wermuth Asset Management, talks about the Russian markets, adding that if Moscow focuses solely on oil and gas, it will suffer.
For the past year, the turmoil in energy markets has been the biggest event in global financial markets, says David Mann, chief economist, Asia at Standard Chartered Bank.
Oil extended losses on Tuesday ahead of a nuclear pact that could release more Iranian crude into the oversupplied market.
TOKYO, March 31- U.S. crude futures extended declines to a third day on Tuesday to hold below $49 a barrel, under pressure ahead of industry data due out later that is likely to show another solid build in U.S. commercial crude inventories. *NYMEX crude for May delivery was down 8 cents at $48.60 a barrel by 0034 GMT. *It settled down 19 cents at $48.68 on Monday as Iran and...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Traders focus on Iran, but headlines from the State Department drove crude higher by the end of the day.
BRENT CRUDE OIL SETTLES DOWN 12 CENTS, OR 0.2 PERCENT, AT $56.29 A BARREL.
CRUDE OIL SETTLES DOWN 19 CENTS, OR 0.4 PERCENT, AT $48.68 A BARREL.