Analysts expect some bumps in the market next week, CNBC's Patti Domm reports.» Read More
*Saudi wants non- OPEC cooperation on any output cuts. LONDON, March 23- Oil prices fell further on Monday, with Brent dropping below $55 a barrel, after top exporter Saudi Arabia said it would only consider cutting output if other producers outside OPEC did so too. "We repeat that, as for prices, the market determines it," Saudi oil minister Ali al-Naimi said on Sunday,...
CRUDE OIL FUTURES FALL $1 TO $45.57 A BARREL AFTER SAUDI VOWS TO HOLD OUTPUT.
*Saudi wants non- OPEC cooperation on any output cuts. Yet Riyadh has so far opted to keep its output stable to protect market share against non- OPEC producers such as the United States- where production has soared as a result of the shale exploration boom- and Russia. "We tried, we held meetings and we did not succeed because countries were insisting that OPEC carry...
Jackson Wong, Associate Director at United Simsen Securities, says Sinopec's stock will trade sideways until the unveiling of restructuring plans, which are likely due this year.
U.S. crude settled higher on Monday as a declining dollar offset global oversupply concerns
Fereidun Fesharaki, chairman at FACTS Global Energy (FGE), explains why he expects global oil prices to touch $35-$40 per barrel by the end of the second quarter.
Yet Riyadh has so far opted to keep output stable in a move to defend market share against non- OPEC producers like Russia and the United States, where production has soared as a result of the shale exploration boom. "We tried, we held meetings and we did not succeed because countries were insisting that OPEC carry the burden and we refuse that OPEC bears the...
SEOUL, March 23- U.S. crude futures fell on Monday as Saudi Arabia's oil minister said that OPEC will not take sole responsibility for propping up the oil price, and the U.S. dollar started trade in Asia on the defensive on interest-rate uncertainty. "We tried, we held meetings and we did not succeed because countries were insisting that OPEC carry the burden and we...
Intensive talks on limiting Iran's nuclear program ended abruptly with the two sides still divided over some important issues. The NY Times reports.
Retired Gen. Petraeus joined Netanyahu in saying it is Iran, not ISIS, that is the real enemy. So why is the US trying to do business with Iran?
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Volatility on the day, as crude popped to close over $44.
CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories. NFL meetings next week and home sales data. And 'Game of Thrones' has its VIP premiere on Monday. Regular folks will have to wait till April 12th to see it on TV.
*Dollar down on U.S. interest hike uncertainty, Greece. *Baker Hughes reports another drop in U.S. oil rig count. NEW YORK, March 20- Oil prices jumped on Friday with U.S. crude up 4 percent after the dollar fell on interest-rate uncertainty, lifting demand for dollar-denominated commodities from holders of other currencies.
CNBC's Jackie DeAngelis tracks the final oil trades of the week.
March 20- The number of rigs drilling for oil in the United States continued to decline this week, falling 41 to 825, the lowest rig count in four years, oil services firm Baker Hughes said in its closely-watched survey on Friday. U.S. crude futures have dropped by about 60 percent since June due to concerns OPEC and the United States are producing too much oil while...
CNBC contributor Jim Iuorio of TJM Institutional Services, discusses whether getting into the oil trade through oil ETFs is a risky move.
The federal government unveiled the first mandates for fracking operations on federal and Indian lands on Friday.
*Efforts on OPEC, Iran deal weigh on supply outlook. The leaders of Greece and Germany struck a conciliatory note over efforts to keep Greece in the euro zone, boosting the region's currency and making oil more attractive. Brent for May delivery was up 75 cents at $55.18 a barrel by 1407 GMT, after earlier hitting a session low of $53.55.
Almost a third of the most active U.S. oil futures contract is now controlled by exchange traded funds. The Financial Times reports.
Todd Horwitz, author and founder of Averagejoeoptions.com, discusses U.S equities, the Federal Reserve and oil.