Noted investor Dennis Gartman told CNBC he's like to think oil is stabilizing, with the vast majority of the move over.» Read More
Lower energy prices "stimulate consumer activity", so once prices stabilize, the U.S. market should be fine, says Anthony Chan, chief economist at J.P. Morgan Chase.
The drop in oil prices affects Latin American countries in different ways when it comes to investment, says Juan Sartori, founder and executive chairman at Union Group - especially Brazil and Venezuela.
Global markets seem "surprised" by OPEC's decision not to cut oil production, says Eugen Weinberg, head of commodity research at Commerzbank, who argues that OPEC needs a certain price level to fulfil goals.
*China official PMI slips in November, below forecast. LONDON, Dec 1- Copper tumbled to its lowest in four-and-a-half years on Monday, hit by a plunge in oil prices to five-year lows and signs of slowing factory growth in Europe and top consumer China. The danger now is that weakness in Japan, China and Europe pull back recovery in the U.S., "said Fast Markets head of...
Barbara Reinhard, Credit Suisse, discusses the global ripple effect of lower crude prices.
Discussing what's behind the plunging price of crude, and just how low it can go, with John Kilduff, Again Capital founder.
MOSCOW, Dec 1- The rouble looked set for its steepest one-day fall since the Russian financial crisis of 1998 on Monday, plunging about 4 percent as oil prices slid below $70 a barrel and Russian assets nosedived across the board. Oil benchmark Brent futures were hovering just above a five-year low, at $69.6 per barrel, weighed down by weak manufacturing data from...
LONDON, Dec. 1- Oil prices fell to their lowest in five years on Monday, hit by slowing factory activity in China and Europe and hammering emerging market stocks and commodity-linked currencies. Plunging prices for oil and other commodities raised fears of deflation, especially in the euro zone and Japan, and the prospect of looser monetary policy pushed the yen...
Oil loses more than 10 pct since Thursday's OPEC meeting. *OPEC maintains stable output to counter U.S. shale oil boom. LONDON, Dec 1- Brent crude oil fell more than $2 a barrel to a five-year low below $68 on Monday as investors looked for a price floor after last week's OPEC decision not to cut production.
*U.S. light oil exports to Asia only started 4 months ago. SINGAPORE, Dec 1- An aggressive strategy by Mideast Gulf producers to exploit the lowest oil prices in five years to defend market share is showing signs of bearing fruit as U.S. crude exports to Asia grind to halt. Last week Ali al-Naimi, the oil minister of OPEC kingpin Saudi Arabia, warned his fellow OPEC...
TOKYO, Dec 1- Japan's Nikkei share average rose to a fresh seven-year high on Monday as strong capital expenditure figures lifted sentiment, with airline shares extending gains as oil prices tumbled further. Exporters also gained after the dollar rose to a new seven-year high against the yen. The Nikkei ended 0.8 percent higher at 17,590.10, the highest closing...
The price of oil will hit "extremely high" levels in the long term as producers reduce investment because of falling prices, Jamie Webster, senior director of global oil markets at IHS Energy, says.
Jonathan Cavenagh, Senior FX Strategist at Westpac, explains why he's not diving into any long-dollar positions at current levels.
Vishnu Varathan, Senior Economist at Mizuho Bank, explains why Indonesia is experiencing pent-up inflation amid a backdrop of commodity disinflation.
*OPEC maintains stable output to counter U.S. shale oil boom. SINGAPORE, Dec 1- Oil fell more than $2 a barrel to a five-year low in Asian trade on Monday, extending a steep sell-off after OPEC decided not to cut production last week, keeping markets well supplied. U.S. crude tumbled to near $64, dragging Brent down below $70, after Saudi Arabia's oil minister told fellow...
Daniel Martin, Asia Economist at Capital Economics, explains why he isn't worried about data showing November factory activity falling to a three-year low.
Charles Leyland, Managing Director at Leyland Private Asset Management, says although Qantas shares are rallying on the back of lower oil prices, Virgin has the best value among airlines.
Laura Fitzsimmons, VP for Futures & Options at JPMorgan Investment Bank, says U.S. retail sales on Friday weren't as strong as expected, which indicates that U.S. consumption remains weak.
Barry Dawes, Head of Resources at Paradigm Securities, says certain Middle Eastern nations may face political pressure on the back of lower oil revenues.
Kingsley Jones, Founder and CIO of Jevons Global, expects oil markets to remain weak until the end of the year and how that will impact Europe.