CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up slightly on the day in spite of a 10 million barrel build. Nat gas remained over $4.50, and gold was up a bit at the close.» Read More
SINGAPORE, Feb 4- Brent hovered at around $106 a barrel on Tuesday as a frigid winter boosted heating oil demand in Europe and the United States, offsetting weak economic data from the US and China. Supply cuts in Libya and in the North Sea also limited losses for Brent.
U.S. crude oil rose by nearly $1 per barrel as traders expected data to show oil inventories were beginning to drain from Cushing.
SEOUL, Feb 4- U.S. crude futures held around $96.50 a barrel in early Asian trade on Tuesday after falling in the previous session as weaker-than-expected U.S. factory data added to concerns about oil demand in the world's largest economy. *U.S. oil edged up 10 cents to $96.53 a barrel as of 0029 GMT, after settling $1.09 down at $96.43 a barrel.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Weak factory data out of China today pressured brent crude, which was down on the day. WTI was down as well, today, while nat gas closed just under $5.
*Emerging markets, China data weigh on oil. NEW YORK, Feb 3- U.S. oil futures fell more than $1 on Monday, pressured by weak U.S. factory data and a sinking stock market, while Brent crude's decline was limited by rising heating oil prices as a snowstorm swept across the U.S.
*Global equities markets fall as emerging markets, China data weigh. Oil futures remained broadly pressured by worries over emerging markets, weak factory data from China and expectations for lower demand as U.S. refiners shift into maintenance season. "The heating oil found its way and led the way back up," said Jeff Grossman, president of BRG Brokerage in New York.
Even states near refineries and oil fields, where prices are traditionally among the lowest, have broken above the $3 barrier, a new report said.
*China's Jan official PMI slips to six-month low. LONDON, Feb 3- Brent crude oil dropped to a two-week low on Monday below $106 a barrel as weak factory data from China stoked concerns about demand growth, but fresh violence in Iraq and Syria limited the fall.
In his new book, "Get Rich Carefully," CNBC's Mad Money host Jim Cramer tells how to find value stocks in hot industry, tech and service sectors.
*China's Jan official PMI slips to six-month low. LONDON, Feb 3- Brent crude dropped to a two-week low on Monday at $106 a barrel as weak factory data from China stoked concerns about demand growth, but fresh violence in Iraq and Syria limited losses.
*China's Jan official PMI slips to six-month low. SINGAPORE, Feb 3- Brent crude dropped to a two-week low on Monday at $106 a barrel as weak factory data from China stoked demand growth worries, but fresh violence in Iraq and Syria checked losses.
*China's Jan official PMI slips to six-month low. SINGAPORE, Feb 3- Brent futures fell to a two-week low on Monday at $106 a barrel as weak factory data from China stoked demand growth worries, while a strong dollar and fresh violence in Iraq and Syria helped to stem the losses.
Crude oil fell $1, under pressure from continued worries over emerging markets, weak data and expectations for lower U.S. refinery demand.
SEOUL, Feb 3- U.S. crude futures fell in early Asian trade on Monday on concerns over oil demand after factory growth in China, the world's No. 2 oil consumer, eased in January to a six-month low. U.S. oil lost 31 cents to $97.18 a barrel by 0021 GMT in thin trade with Chinese markets closed for the Lunar New Year holiday.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Gold is up about 3 percent this year, as the S&P has fallen. And oil prices pulled back from their highs.
*OPEC output rises in January from 2-1/ 2 year low- survey. NEW YORK, Jan 31- Oil prices fell on Friday, with Brent posting its biggest monthly loss in four months, on worries over the outlook for emerging economies and fallout over the U.S.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. A new month on Wall Street, the Fed gets a new chairman, the January jobs report and the Olympics begin.
The U.S. government has taken way too much time on whether it will approve the proposed Keystone pipeline, T. Boone Pickens said Friday.
BP Capital founder T. Boone Pickens explains why the Keystone pipeline environmental review will not impact gasoline and oil prices. Pickens also weighs in on natural gas and asks the "Street Signs" crew to vote for him in CNBC's Top 25 most influential business leaders poll.
CNBC's Sharon Epperson reports the national average gas price in is $3.28 per gallon, while the lowest gas prices can be found in Columbia, Missouri at $2.84 per gallon.