CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories.» Read More
MOSCOW, March 27- Russia's Finance Minister Anton Siluanov said on Friday that it was unlikely that oil prices would rise to $70 per barrel in the coming years.
Against a backdrop of political chaos in the Middle East, hedge fund managers said the oil price would remain volatile and could fall as low as $30.
*Yemen sits on Bab el- Mandeb Strait supply chokepoint. SINGAPORE, March 27- Oil prices fell more than $1 on Friday, after sharp gains in the previous session, as worries of a disruption to crude supplies due to Saudi Arabia- led air strikes in Yemen eased. Oil jumped around 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and...
*Yemen sits on Bab el- Mandeb Strait supply chokepoint. SINGAPORE, March 27- Oil prices fell over a percentage point on Friday as traders estimated that the threat of a disruption to world crude supplies from Saudi Arabia- led air strikes in Yemen was low. Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the...
Jason Feer, Head of Business Intelligence at Poten & Partners, says Saudi Arabia and its allies are prepared to do everything they can to stop the advancement of Houthi militants.
SINGAPORE, March 27- Oil prices edged lower in early trading in Asia on Friday as traders estimated that the threat of a disruption to world crude supplies from Saudi Arabia- led air strikes in Yemen was low. Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the country was only a small crude exporter and...
U.S. crude settled down 5 percent on Friday as fears about the disruption of crude shipments from Yemen's conflict eased.
Alastair Newton, Senior Political Analyst at Nomura, says there's no clear direct threat to oil supply so markets should be taking a more measured view on the issue.
SEOUL, March 27- U.S. crude futures dipped on Friday on crude stocks extending their record build, but stayed above $51 a barrel and near 2015 highs as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies stoked supply concerns. *Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the less than 40 km wide waters...
Azlin Ahmad, Editor, Crude Oil at Argus Media, says unless violence in Yemen escalates, prices will likely come back down again as per market fundamentals.
Erik Davidson, CIO at Wells Fargo, says investors should balance their exposure to U.S. equities amid a backdrop of volatile oil prices and a looming stock market correction.
The conflict has pitted two big oil production nations against each other, Saudi Arabia and Iran.
Even as oil pops, energy stocks are somnambulant. Kathy Lien of BK Asset Management and Andrew Burkly of Oppenheimer discuss what that could mean for crude's next move.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
The price of oil rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted. Saudi Arabia and other Gulf states launched strikes on key military installations in Yemen. U.S. crude rose $2.22, or 4.5 percent, to close at $51.43 a barrel in New York.
BAGHDAD, March 26- Iraq's Oil Minister Adel Abdel Mehdi predicted world oil prices could reach $70 a barrel by the end of 2015 and played down the impact of the emerging conflict in Yemen on prices. A global slump in oil prices has slashed government revenue in Iraq, prompting the OPEC producer to renegotiate contracts with oil majors as it faces a costly military...
CNBC's Jackie DeAngelis tracks crude near session highs as oil comes to a close.
Ground troops will be in the next phase in the Saudi assault on rebels in Yemen, reports CNBC's Michelle Caruso-Cabrera.
Former Asst. Secretary of State and former U.S. Ambassador to Saudi Arabia Ed Walker, provides perspective on the conflicts in the Middle East.
*Oil rises on fears of Middle East supply disruption over Yemen. *Gold tops $1,200 an ounce. NEW YORK, March 26- Stock markets worldwide were knocked lower and oil prices jumped on Thursday after Saudi Arabia and its allies carried out air strikes in Yemen that fueled worries Middle East energy shipments may be put at risk, although Wall Street later recovered.