U.S. gas prices might hit bottom soon after falling to their lowest levels since April 2009, according to a Lundberg survey.» Read More
SINGAPORE, Dec 30- Brent oil fell to a fresh 5-1/ 2- year low near $57 per barrel on Tuesday, as persistent worries about a global supply glut offset concerns about output disruptions in Libya. Brent for February delivery fell 56 cents to $57.32 as of 0626 GMT, after hitting a low of $57.25 earlier in the session- the lowest level since May 2009. U.S. crude for February...
Brent for February delivery fell 25 cents to $57.63 as of 0528 GMT, after tumbling to $57.37 in the previous session, the lowest level since May 2009. U.S. crude for February delivery fell 28 cents to $53.33 after it settled down $1.12 on Monday, when it hit an intraday low of $52.90- also the lowest since May 2009. "There's no sign of any reduction of output by OPEC," said...
Brent for February delivery fell 8 cents to $57.80 as of 0323 GMT, after tumbling to $57.37 in the previous session, the lowest level since May 2009. U.S. crude for February delivery fell 3 cents to $53.58 after it settled down $1.12 on Monday, when it hit an intraday low of $52.90- also the lowest since May 2009. The industry group the American Petroleum Institute is...
Petrobras could be declared in technical default if bondholders pursue efforts to force it to speed its assessment of losses in a giant scandal.
WILLISTON, N.D., Dec 29- Civeo Corp, which provides temporary housing for oilfield workers and miners, slashed its workforce on Monday and said revenue could fall by a third as slumping crude prices force oil producers to cut costs. The warning adds jitters to the already-wary global oil market and highlights weakness in Australia's coal industry, one of Civeo's...
Oil futures struggled to remain in positive territory on Tuesday after rebounding from a 5-½-year lows.
*U.S. crude for February delivery was up 6 cents to $53.67 a barrel as of 0038 GMT after settling down $1.12 in the previous session, its lowest level since May 2009. *U.S. crude stocks fell by an average 900,000 barrels last week to around 386 million barrels according to an analysts' poll by Reuters released ahead of weekly inventory reports from the American...
While U.S. stocks are likely to rise going forward, traders need to get used to increasing volatility as the Fed prepares to normalize interest rates, says Quincy Krosby, market strategist at Prudential Financial.
While low oil prices will drive down energy earnings, a strong consumer will limit its effect on the S&P 500, analysts said.
Civeo forecast first-quarter revenue of between $160 million and $175 million, well below Wall Street's current estimates of $228 million.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngelis reports on the continued decline of oil and gas prices.
NEW YORK, Dec 29- Crude oil prices on tumbled Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009. News of further damage Libya's oil infrastructure prompted the early rally that was quickly erased as pervasive fears of global oversupply trumped concerns about output...
CNBC's Jackie DeAngelis reports on selling pressure in the oil market.
*Gilead Sciences rises on analyst upgrade. NEW YORK, Dec 29- U.S. stocks were little changed in a quiet session on Monday as a decline in oil prices weighed on the energy sector, although the S&P 500 was on track to notch yet another record high. Brent was last off 2.8 percent at $57.80 while WTI lost 2.6 percent to $53.30.
Prepping your portfolio for 2015, with Dan Greenhaus, BTIG, and James Liu, JPMorgan Funds.
Jim Iuorio of TJM Institutional Services, looks at the technical trading behind the price of oil, and shares his short-term forecast.
CNBC's Dominic Chu reports as oil prices continue to slide, active oil and gas rigs are on the decline as well.
NEW YORK, Dec 29- Global oil prices fell to the lowest since May 2009 on Monday, as Brent and U.S. crude each plunged more than a dollar. Brent fell $1.75 to $57.51, while U.S. crude tumbled $1.63 to $53.10. The market continued to search for a new bottom after erasing gains made early in the session.