CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil prices were down again today, and traders think the downward slide is likely to continue.» Read More
Gareth Lewis-Davies, senior oil strategist at BNP Paribas, says that China is building up a strategic stock of oil, and that low prices provide a "good opportunity to dip into the market and accelerate purchases."
Oil prices continued their dramatic slump as an oil minister from OPEC reiterated that the group would not be changing its production strategy.
PARIS, Jan 13- European stocks fell in early trading on Tuesday, with the relentless drop in oil prices fuelling worries over the prospect for corporate profits in the energy sector. At 0803 GMT, the FTSEurofirst 300 index of top European shares was down 0.5 percent at 1,351.67 points. Total was down 1.9 percent and Royal Dutch Shell down 1.5 percent, as Brent...
SINGAPORE, Jan 13- Oil prices continued their rout on Tuesday with Brent crude and U.S. WTI both falling to their lowest in almost six years as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market. February Brent crude fell almost 5 percent to a low of $45.23 a barrel by 0730 GMT, the lowest since March 2009.
WTI has fallen below $45 a barrel while Brent is hovering just above. Nitesh Shah, research analyst at ETF Securities, says the oil price at this level is not sustainable.
*Falls come despite record China imports in Dec. WTI both falling to their lowest in almost six years, as a persistent global supply glut offset data showing record high imports by key consumer China. U.S. crude for February was trading at $44.90 a barrel, after reaching $44.86 earlier, its weakest since April 2009.
SINGAPORE, Jan 13- Global oil prices continued the week's rout with benchmark Brent crude falling for a fourth consecutive session on Tuesday to its lowest in almost six years, despite China reporting record crude imports. February Brent crude fell to a low of $46.39 a barrel before edging back to $46.53 by 0550 GMT, still down 90 cents since its last settlement.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Jan 13- The rise in China's imports of crude oil above 7 million barrels per day for the first time looks impressive, but is it likely to be sustained? In a rare announcement, China said on Nov. 20 it had filled the first phase of its strategic petroleum reserve, which holds about 91 million barrels, enough for...
SINGAPORE, Jan 13- Global oil prices continued the week's rout with benchmark Brent crude falling for a fourth consecutive session on Tuesday to its lowest in more than five years, despite China reporting record crude imports. February Brent crude fell to a low of $46.39 a barrel before edging back to $46.55 by 0500 GMT, down more than $1. U.S. crude for February was...
Apart from stocks, Manpreet Gill, Senior Investment Strategist at Standard Chartered, recommends that investors look at diversified income assets, as 2015 may bring more volatility compared to last year.
Renee Stephens, Vice President, U.S. Automotive Operations at J.D. Power, outlines the key themes like electric and performance cars, that are generating buzz at the Detroit Auto Show.
Despite a weaker yen, plunging oil prices are still positive for the Japanese economy, says Nicholas Smith, Japan Strategist at CLSA. He later explains what that means for corporate earnings.
Middle Eastern players are aiming to preserve market share and squeeze out U.S. shale producers, with the drop in crude oil prices, says Benjamin Pedley, Head of Investment Strategy, Asia at HSBC Private Bank.
Keith Fitzgerald, Chief Investment Strategist at Money Map Press, expects benefits from cheaper oil to materialize in one or two quarters and discusses why consolidation in the energy sector is a good thing.
BEIJING, Jan 13- China imported a record 7.15 million barrels of crude oil a day in December, customs data showed on Tuesday, as the world's second largest oil consumer took advantage of low oil prices to fill its strategic reserves. China imported 30.37 million tonnes of crude oil for the month, the data showed, just shy of earlier estimates by Thomson Reuters Oil...
Michael Bartsch, Vice President, Americas at Infiniti, describes the carmaker's all-new Q60 Concept and discusses the downtrend in oil prices, which he thinks will not change the fundamentals of the auto industry.
Oil prices continued their rout with Brent crude and US WTI both falling to their lowest in almost six years.
TOKYO, Jan 13- U.S. crude futures extended declines for a third straight session on Tuesday, following a near 5 percent fall the previous day, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output. *NYMEX crude for February delivery was down 25 cents at $45.82 a barrel by 2348 GMT, after settling down $2.29 at...
At what point is oil too low for its own good? Mad Money's Jim Cramer dissects pain in the oil patch.
One Houston furniture retailer is promising refunds to customers if U.S. crude ends the year above $85 a barrel