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Dominic Schnider, Head Commodity Research, UBS Wealth Management is bearish on Brent crude as he says oil markets are well-supplied. He says that's why there hasn't been a spike in oil prices following the recent geopolitical tensions in the Middle East.
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Cramer loves football. And he's found an intriguing connection between Sunday's big game and the American stock market. Really.
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NEW YORK, Jan 31- Brent crude oil futures rose to three-month highs on Thursday, widening its premium over U.S. crude, concerns about rising crude stockpiles in the U.S. Traders cited concerns about stockpiles at the Cushing, Oklahoma delivery point for the U.S. contract, which have pushed to record highs.
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NEW YORK, Jan 31- Brent crude oil prices edged higher on Thursday, briefly touching a three-month high, as traders weighed mixed economic data from the United States and Europe. The international benchmark rose to $115.25 a barrel, the highest level since mid-October, before retreating as U.S. crude and gasoline futures sank.
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"I wouldn't read too much into it," said Carsten Fritsch, an oil analyst at Commerzbank in Frankfurt, adding he expected oil prices to make further gains this week. Brent slipped 23 cents to $114.67 a barrel by 1452 GMT, after earlier hitting $115.25, the highest since Oct. 16.
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LONDON, Jan 31- North Sea Forties oil exports to South Korea, a specialised trade that has supported crude prices, may drop in coming weeks due to maintenance at refineries, potentially weakening a source of support for Brent oil prices.
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SINGAPORE, Jan 31- Brent crude hovered near $115 per barrel on Thursday, not far from a more than three-month high, as the U.S. So better news out of China and expectations for recovery in the United States caused risk money to come back into equities, commodities and energy, "said Tony Nunan, an oil risk manager at Mitsubishi.
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SINGAPORE, Jan 31- Brent crude edged up to a more than three-month high above $115 per barrel on Thursday, as the U.S. So better news out of China and expectations for recovery in the United States caused risk money to come back into equities, commodities and energy, "said Tony Nunan, an oil risk manager at Mitsubishi.
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SINGAPORE, Jan 31- Brent crude edged up to a more than three-month high above $115 per barrel on Thursday, as the U.S. So better news out of China and expectations for recovery in the United States caused risk money to come back into equities, commodities and energy, "said Tony Nunan, an oil risk manager at Mitsubishi.
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Brent crude oil futures rose to three-month highs, widening its premium over U.S. crude, concerns about rising crude stockpiles in the U.S. Midwest prompted heavy trading based on the spread between the two benchmarks.
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TOKYO, Jan 31- U.S. crude futures rose for a fourth day on Thursday to above $98 a barrel, holding near a four-and-a-half month high hit a day earlier, supported by better-than-expected European economic data that improved the outlook for global fuel demand.
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*Brent crude hits highest since Oct 16. NEW YORK, Jan 30- Commodities rallied on Wednesday, with oil, corn and soybean prices hitting multi-week highs, propelled by encouraging economic data from Europe, a weak dollar and concerns about tighter supplies of raw materials. Federal Reserve to maintain its monthly $85 billion bond-buying stimulus plan.
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You probably wouldn’t think of playing the US energy boom with this stock. But Jim Cramer says you should.
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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.
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NEW YORK, Jan 30- Brent crude touched a three-month high on Wednesday after better-than-expected European data spurred optimism over the global economy, but oil later pared gains on surprisingly weak U.S. growth figures. Brent crude futures were 24 cents higher at $114.60 a barrel by 12:01 p.m. EST after hitting $115.24, their highest since Oct. 16, 2012.
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With crude oil climbing to $98, it's probably not a good time to be short.
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LONDON, Jan 30- Brent crude oil hit a three-month high on Wednesday, reaching $115 a barrel after better-than-forecast European data spurred optimism over the global economy, despite disappointing U.S. economic growth figures. Brent crude oil futures were 35 cents higher at $114.71 a barrel by 1623 GMT after hitting $115.24, their highest since Oct. 16, 2012.
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Shell CEO Peter Voser told CNBC he doesn't expect a major recovery in natural gas prices in the U.S., after the Nymex-traded futures contract rebounded 24 percent from a year ago to $3.23 per million British thermal units.
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NEW YORK-- The nation's crude oil supplies rose last week, the government said Wednesday. Crude supplies grew by 5.9 million barrels, or 1.6 percent, to 369.1 million barrels, which is 8.9 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
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LONDON, Jan 30- Brent crude oil reached its highest level in three and a half months on Wednesday, passing $115 a barrel after better-than-forecast European data spurred optimism for the global economy. Brent crude oil futures were 20 cents higher at $114.56 a barrel by 1425 GMT after hitting $115.24, their highest since Oct. 16, 2012.
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GENEVA/ DUBAI, Jan 30- Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member dodge sanctions.