CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar put downward pressure on oil, and nat gas was down even with the winter temperatures dropping.» Read More
*Brent crude futures drop back below $50 a barrel. *Prices to be in $60- 80 a barrel range until 2020- analyst. In Europe, the main event of the week will be Thursday's meeting of the European Central Bank, which is considered almost certain to see the launch of a government bond-buying campaign, pointing to further euro falls against the dollar as well as to downward...
SINGAPORE, Jan 19- Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week. In Europe, the main event of the week will be Thursday's meeting of the European Central Bank, which is considered almost certain to see the launch of a government bond-buying campaign, pointing to further euro falls...
Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday
SINGAPORE, Jan 19- U.S. crude futures dropped towards $48 a barrel on Monday after last week rising for the first time in eight weeks, with weak Chinese housing data keeping prices under pressure. *U.S. crude for February delivery was off 14 cents at $48.55 a barrel by 0101 GMT, after hitting a low of $48.37. *Oil prices ended marginally firmer last week after the...
SYDNEY, Jan 19- Asian share markets were looking to edge higher on Monday, though anxious investors were wary of being disappointed yet again by economic news from China and policy stimulus in the euro zone. Oil prices started with a soft tone as Brent crude futures eased 29 cents to $49.88, while U.S. crude lost 31 cents to $48.38 a barrel. MSCI's broadest index of...
Barry Dawes, Head of Resources at Paradigm Securities, expects U.S. shale production to slow within the next three to four months.
JUNEAU, Alaska— After years of being flush with oil money, Alaska now faces drastic budget cuts and having to dip into well-stocked savings to offset unprecedented deficits exacerbated by an unexpected plunge in oil prices. When lawmakers left Juneau last April, the price of North Slope crude, Alaska's economic lifeblood, was $107 a barrel.
Apache Corp., Baker Hughes and Schlumberger have begun laying off employees in response to the oil price crash in the past six months, The Tulsa World reported Saturday. Apache's job cuts will likely impact several hundred employees of the Houston- based oil and gas producer, which is one of the nation's bigger independent firms. But she would not specify how many...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead to next week. A wild week for crude, but it ended up around 1 percent for the week.
CNBC's Jackie DeAngelis and Morgan Brennan look at the impact low oil is having on job and companies heavily invested in the oil trade.
Chris Lafakis, Moody's Analytics, predicts $80 oil by the end of 2015 based on supply and demand.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. President Obama delivers his State of the Union Tuesday. Monday is a holiday and the ECB is expected to announce its own stimulus program.
Some commodity traders are taking delivery of oil at the current price and storing it with the hopes of selling it at a later date for a profit.
How low oil prices have changed the price strategy for airlines, with Jason Clampet, Skift co-founder.
WASHINGTON, Jan 16- Current low oil prices are a short-term blip and will not affect how the U.S. crafts new environmental regulations, including forthcoming standards for heavy duty vehicles, the Environmental Protection Agency chief said Friday. The EPA is working on the next round of fuel standards for trucks that will extend beyond current rules for the...
This just may be the earnings season that we see the impact of the global slowdown, says Michael Yoshikami.
Gerry Cauley, NERC CEO, discusses how EPA air and water rules could impact power grid reliability, with CNBC's Rick Santelli.
Oil prices jumped after the International Energy Agency predicted drillers would cut production this year. "Lower oil prices on the whole are supportive of economic growth worldwide," said Jason Pride, director of investment strategy at Glenmede Trust. "They're very helpful for Japan, Europe, China and India.
Those gains are tempered by turbulence in global currency markets after the Swiss National Bank's surprising move to stop keeping its currency artificially cheap. Shares of Newfield Exploration rose 2.5 percent. The price of benchmark U.S. crude oil rose 97 cents, or 2 percent, to $47.22 a barrel.
CNBC's Jackie DeAngelis reports oil is rebounding after yesterday's volatile session, and non-OPEC producers will cut back on production, however overall creation will increase.