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  • 5-year lows in Brent & WTI  Monday, 8 Dec 2014 | 11:34 AM ET

    As oil continues to sell off, CNBC's Jackie DeAngelis reports consumers could see gas prices as low as $2.50 by the end of the year.

  • Venezuela is 'desperately looking for funds' Monday, 8 Dec 2014 | 11:54 AM ET
    A worker walks past a mural with a PDVSA logo at its gas station in Caracas, Venezuela, August 29, 2014.

    Days after OPEC decided not to give into Venezuela's plea to cut oil production, Caracas is on a cash-searching mission.

  • Europe closes lower, led by construction stocks  Monday, 8 Dec 2014 | 11:30 AM ET

    European shares closed lower on Monday, with construction stocks continuing to weigh heavily after Wall Street opened down.

  • The floor for crude oil is...  Monday, 8 Dec 2014 | 10:31 AM ET

    Where does the oil slide end? Alan Harry, Spartan Commodity Fund, reveals where he sees the bottom for oil.

  • Energy stocks lead an early decline as oil sinks Monday, 8 Dec 2014 | 9:39 AM ET

    NEW YORK— Energy stocks are leading a slight decline in U.S. market indexes in midday trading as the price of oil resumes its slide. Exxon Mobil and Chevron were among the biggest decliners in the Dow Jones industrial average Monday. Benchmark crude oil dropped $2.62, or 4 percent, to $63.24 a barrel in New York.

  • *Morgan Stanley cuts Brent forecast to $70 a barrel in 2015. LONDON, Dec 8- Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output. "Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply likely in the second quarter...

  • Dec 8- Oil and gas producer ConocoPhillips said its capital budget for 2015 would drop 20 percent to $13.5 billion, amid a steep decline in global crude prices. ConocoPhillips said it would "defer significant investment" in the Montney and Duvernay fields in Canada, the Permian Basin in Texas and the Niobrara shale field, which extends over Colorado, Wyoming,...

  • Dec 8- ConocoPhillips set a capital budget of $13.5 billion for 2015, a 20 percent drop from its 2014 spending plans, amid a steep decline in global crude prices.

  • MOSCOW, Dec 8- The rouble and Russian shares fell on Monday as the oil price tumbled to a five-year low and the central bank appeared to refrain from interventions in the currency market. The price for Brent crude was down almost 3 percent at 67.15, having earlier dipped below $67 per barrel for the first time since September 2009. "The rouble only has one support-...

  • Oil in for 'crude' awakening?  Monday, 8 Dec 2014 | 7:19 AM ET

    Helima Croft, RBC Capital Markets, explains why she thinks oil may be nearing a bottom.

  • LONDON, Dec 8- Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output. In a report dated Dec. 5, U.S. investment bank Morgan Stanley said oil prices could fall as low as $43 a barrel next year. "Without OPEC intervention, markets risk becoming...

  • Oil tumbles after Morgan Stanley cuts forecast Monday, 8 Dec 2014 | 12:17 PM ET

    Oil prices fell to a five-year low on Monday, after Morgan Stanley cut its 2015 forecast for Brent crude.

  • Tough time for renewables?  Monday, 8 Dec 2014 | 4:50 AM ET

    With oil prices dropping, how will the renewable energy space be affected? Ian Simm, CEO at Impax Asset Management, weighs in on the topic.

  • WTI crude oil could drop to $60: Pro  Thursday, 4 Dec 2014 | 7:00 PM ET

    WTI crude oil could test lows of $60, while the U.S. dollar could see a small correction but then continue its romp higher, according to Riccardo Ronco, head of technical analysis at Aviate Global.

  • *Morgan Stanley cuts Brent forecast to £70 a barrel in 2015. LONDON, Dec 8- Brent crude oil fell almost $2 a barrel on Monday to a new five-year lows on predictions that oversupply would keep building until next year after OPEC decided not to cut output. "Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply likely in the second quarter...

  • *Morgan Stanley cuts Brent forecast to £70 a barrel in 2015. LONDON, Dec 8- Brent crude oil fell more than a dollar to around $68 a barrel on Monday, just above five-and-a-half year lows, after Morgan Stanley cut its forecasts, saying oversupply would peak next year after OPEC decided not to cut output. "Without OPEC intervention, markets risk becoming unbalanced,...

  • BOJ has no choice except to weaken yen: UBS  Sunday, 7 Dec 2014 | 9:17 PM ET

    Kelvin Tay, MD & Regional CIO, Southern APAC at UBS Wealth Management, says the Bank of Japan has to weaken the yen so it can compete with European exports.

  • US oil settles at $63.05, lowest since July 2009 Monday, 8 Dec 2014 | 2:44 PM ET

    World oil prices slid to new five-year lows on Monday after a core OPEC member said crude will remain at $65 for several months.

  • SINGAPORE, Dec 8- Oil prices fell by more than a dollar on Monday to near their lowest levels since 2009 after Morgan Stanley cut its price forecast for Brent, saying oversupply will likely peak next year with OPEC deciding not to cut output. "Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply likely in the second quarter of 2015,"...