Russian President Vladimir Putin says that, despite "turbulence" in financial markets, Russia's economy is doing well and its income will be higher than spending.» Read More
Oil prices will continue to fall, but don't expect shale production in the U.S. to slow down any time soon, Dennis Gartman told CNBC.
NEW YORK/ LONDON, Nov 28- Gold fell over 2 percent on Friday, extending a three-day slide to a two-week low, and silver dropped the most since September 2013 on free-falling oil prices and a strong dollar. Spot gold was down 1.9 percent at $1,168.56 an ounce by 1:28 p.m. EDT, after hitting a low of $1,165.04. U.S. gold futures for December delivery closed down $21.40 an...
Crude oil has closed at a 5-year low just above $66.15, reports CNBC's Bertha Coombs.
John Kingston, Platts director of news, discusses where oil prices may be headed if OPEC refuses to cut production.
CNBC's Dominic Chu looks at stocks that fared well off moves in lower oil prices.
CNBC's Morgan Brennan reports on the moves of solar stocks as oil prices decline.
Nov 28- Crude oil prices tumbled further in Friday afternoon trade, with U.S. crude down $6 a barrel to below $68 and benchmark Brent off $1 at under $72, as bearish sentiment pushed the market lower. "There are no really new headlines moving the market, just people reacting I think to all sorts of headlines that the norm oil for oil is below $60," said Tariq Zahir, managing...
It’s not just the Saudis who could get much poorer from the oil collapse, we all could if it triggers a wave of high-yield debt defaults.
Using the Kensho Stats Box, CNBC's Dominic Chu looks at the performance of energy sector ETFs.
*U.S. crude weakest since May 2010, may test 5- year low below $60. Traders said if WTI takes out the May 2010 low of $64.24, it could technically be headed for a test below $60, toward the low of $58.32 set on July 2009. "There's a notion that yesterday's selling was overdone, but not everyone is fully back to work yet after Thanksgiving," said John Kilduff, partner at energy...
OPEC has ushered in volatility, reports CNBC's Bertha Coombs, discussing oil production levels and pricing.
*Asset sales have yielded $150 billion over four years. LONDON, Nov 28- With oil company revenues set to drop on the back of a rout in prices, boards will have to cut investments and increase borrowing to maintain their cherished dividend payouts. The world's top oil companies including BP, Royal Dutch Shell, Total, ExxonMobil and Chevron are already in the midst of a...
CNBC's Dominic Chu looks at what stocks and sectors are being directly impacted by the slide in oil.
Oil producer and driller stocks are falling after oil's dip, but other energy companies are also seeing their stocks drop.
LONDON, Nov 28- The main bet that oil speculators are making for the first few months of next year is that a barrel of Brent crude will fall to $65, according to options market data. Speculators increased these positions before the OPEC meeting in Vienna this week, as expectations rose that it would not cut production- which turned out to be correct.
LONDON/ MILAN, Nov 28- Falling crude oil prices may boost European demand for oil-indexed gas next year, such as pipeline gas from Russia, when its price is likely to fall below spot prices. Brent crude oil fell to an intraday four-year low of $71.12 a barrel on Friday, the day after OPEC decided not to cut supply, which dragged down other energy prices.
Discussing crude oil's impact on consumer spending and U.S. stocks, with Jack Ablin, BMO Private Bank chief investment officer, and Dan Greenhaus, BTIG chief global strategist.
OPES's decision to leave oil production unchanged sent Bent and WTI plunging to 4-year lows. Francisco Blanch, BofA Merrill Lynch Global Research, discusses the outlook for shale production in the U.S. and the future of OPEC.
As oil plunges, CNBC's Bertha Coombs, discusses oil prices and production.
Airlines are soaring on lower oil prices, but other stocks are also seeing big boosts after OPEC's decision not to cut rates.