Bill Maldonado, APAC CIO of HSBC Global Asset Management, says the plunge in oil prices is positive for economies, but markets have been reluctant to absorb that as good news.» Read More
LONDON, Feb 10- Brent crude fell below $58 a barrel on Tuesday after the International Energy Agency warned that oil prices may decline as stocks continue to increase this year. Oil stocks held by countries in the Organisation for Economic Cooperation and Development may come close to the all-time high of 2.83 billion barrels in the middle of 2015, said the IEA,...
Has the oil price finally hit a bottom? Dennis Gartman, founder and editor of the Gartman Letter, explains why it could fall to as low as $20 per barrel.
Ken Kamen, president at Mercadien Asset Management, talks about the U.S. markets in terms of the low oil price.
ISTANBUL, Feb 10- Russia's central bank will base its monetary policy on an average oil price of $50 a barrel in its baseline scenario, the bank's First Deputy Governor Ksenia Yudayeva told journalists in Istanbul on Tuesday.
LONDON, Feb 10- Brent crude fell below $58 a barrel on Tuesday after the International Energy Agency warned that oil prices may decline as stocks continue to increase this year. Oil stocks held by countries in the Organization for Economic Cooperation and Development may come close to the all-time high of 2.83 billion barrels in the middle of 2015, said the IEA,...
LONDON, Feb 10- European shares fell for a second day on Tuesday, with energy stocks hurt most after crude prices slid again on concerns about oil demand in China. "It's difficult to see a big recovery in oil prices in the near term as the upside is limited in the current environment because of the huge supply glut," Peter Dixon, equity strategist at Commerzbank, said,...
BEIJING, Feb 10- Brent fell below $58 a barrel on Tuesday after China's consumer inflation came in at a five-year low for January, raising worries about oil demand in the world's second-largest economy. The International Energy Agency also said the United States will remain the world's top source of oil supply growth up to 2020, defying expectations of a...
Daniel Hynes, senior commodity strategist at ANZ, says the clash between weak fundamentals and market expectations are fueling volatility in global oil markets.
Richard Tullis, energy equity analyst at Capital One, explains the outlook for U.S. oil and gas producer Sandridge Energy, which is planning to slash its rig count by nearly 75 percent.
David Ratliff, head of Investor Sales and Relationship Management, Asia Pacific at Citi, says oil prices could hit $20 a barrel in the near term as production remains high in countries like the U.S.
BEIJING, Feb 10- Benchmark Brent crude oil prices remained below $58 a barrel on Tuesday as the International Energy Agency said the United States will remain the world's top source of oil supply growth until to 2020, defying expectations of a more dramatic slowdown in shale output growth. Brent crude slipped 71 cents, or 1.22 percent, to $57.63 by 0234 GMT, ending...
Brent fell below $58 a barrel on Tuesday after the IEA warned that oil prices may decline as stocks keep rising this year.
*U.S. crude futures for March delivery lost 38 cents at $52.48 a barrel as of 0018 GMT after the contract finished up $1.17, or 2.3 percent, at $52.86 in the previous session. *In the prior session benchmark Brent oil futures for March settled up 54 cents, or nearly 1 percent, at $58.34 a barrel, after rallying to $59.61 at one point. *A poll of five analysts was taken ahead of...
Margaret Patel, senior portfolio manager with Wells Capital Management, attributes Wall Street's losses to "misplaced worries" on near term issues like Greece and a possible U.S. rate hike.
A Citi note thinks West Texas crude could go as low as $20 per barrel. Discussing where oil is headed, with Chris Faulkner, Breitling Energy CEO.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC says lower prices will hurt US producers, forcing countries to buy Middle Eastern oil. And Citi says oil could fall to $20.
Massive opportunities still exist in China despite slowing growth there, says Michael Yoshikami.
CNBC's Jackie DeAngelis tracks today's oil action into the close.
Oil prices have rebounded recently, but Barclays' Michael Cohen doesn't think the rally will last.
Labor standoffs at refineries and West Coast ports are not relenting. Is this a sign of a strengthened economy or will it hurt it instead?