Noted investor Dennis Gartman told CNBC he's like to think oil is stabilizing, with the vast majority of the move over.» Read More
*Brent hits fresh 5- year low of $65.29/ bbl. LONDON, Dec 9- Brent crude oil fell to a 5- year low below $66 a barrel on Tuesday, sliding for a sixth consecutive session on signs of a growing supply glut. Industry sources said Tuesday that top OPEC oil exporter Saudi Arabia will keep crude sales at full contracted volumes for Asian term buyers next month in the latest sign...
CNBC's Hadley Gamble discusses Israeli and Cypriot proposals to build a gas pipeline from the Levant Basin through to Cyprus and Greece. Could it change the dynamics of the EU's energy market?
Dennis Gartman, founder, editor and publisher of The Gartman Letter, says we've seen the end of OPEC as a "viable entity" as there is division among the cartel.
SYDNEY, Dec 9- Oil prices skidded to fresh five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled through world markets. Brent crude shed 70 cents to $65.49 a barrel, while U.S. crude futures lost another 46 cents to $62.59. Prices are likely to remain around $65 a barrel for the next six to seven...
BEIJING, Dec 9- Benchmark Brent crude slipped on Tuesday to its lowest in five years, dropping below $66 a barrel after plunging more than 4 percent the day before on worries of a swelling supply glut. Oil prices are likely to remain around $65 a barrel for the next six or seven months, the chief of Kuwait's national oil company said on Monday, in the latest sign that...
SYDNEY, Dec 9- Oil prices plummeted to five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled through world markets. Brent crude shed 86 cents to $65.33 a barrel, while U.S. crude futures lost another 70 cents to $62.35. Oil prices are likely to remain around $65 a barrel for the next six to seven...
Nicholas Ferres, Investment Director for Global Asset Allocation at Eastspring Investments, says major European producers are trading below book value, which makes them an attractive play.
Daryl Guppy, CEO of Guppytraders.com, explains why oil prices could drop below $60 per barrel.
Gina Sanchez, Chairwoman & Founder of Chantico Global, explains that most OPEC member countries need to have oil above at least $80 a barrel to prevent civil unrest.
BEIJING, Dec 9- Benchmark Brent crude slipped to its lowest in five years on Tuesday, dropping below $66 a barrel after plunging more than 4 percent the day before on worries over a deepening supply glut. Since then, top oil exporter Saudi Arabia has reduced its monthly prices for crude it sells to the United States and Asia, a move that analysts say show it is stepping...
Brent crude pared losses after hitting a five-year low on Tuesday and plunging more than 4 percent the day before.
*U.S. crude for January delivery dropped as low as $62.25 a barrel, before trading at $62.88 by 0017 GMT, down 15 cents. *Iraq has cut the official selling price to Asia and the United States in January for its main crude oil export grade, Basrah light, but raised the OSP slightly to Europe. *The move follows a sharp reduction to Saudi Arabia's crude oil OSPs to Asia and the...
Keith Wade, Chief Economist at Schroders, explains the positive impact of a strong dollar and why it may be difficult for OPEC to squeeze out U.S. shale producers.
Tim Evans, Energy Futures Specialist at Citi Futures, tries to rationalize why OPEC members are not taking any action to curb recent price falls.
What lower oil means for U.S. energy players, with Chip Johnson, Carrizo Oil and Gas.
Peter Boockvar, Chief Market Analyst at The Lindsey Group, explains why a high P.E ratio in the U.S. means investors won't find any value there.
Adolfo Laurenti, Deputy Chief Economist & Managing Director at Mesirow Financial, explains all the macroeconomic factors impacting oil demand.
Adolfo Laurenti, Deputy Chief Economist & Managing Director at Mesirow Financial, says there are no creative solutions left for troubled euro zone nations like Greece apart from austerity measures.
Kenny Polcari, Director at O'Neil Securities, explains how weak oil prices will support global growth in the long run and create opportunities for the M&A industry.
Nigeria started 2014 as a frontier-market darling, but now the African economy could take a body blow from the oil price decline.