CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories. Berkshire earnings, and a mobile extravaganza. And the Affordable Care Act comes before the Supreme Court, again.» Read More
TOKYO, Jan 13- U.S. crude futures extended declines for a third straight session on Tuesday, following a near 5 percent fall the previous day, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output. *NYMEX crude for February delivery was down 25 cents at $45.82 a barrel by 2348 GMT, after settling down $2.29 at...
At what point is oil too low for its own good? Mad Money's Jim Cramer dissects pain in the oil patch.
One Houston furniture retailer is promising refunds to customers if U.S. crude ends the year above $85 a barrel
In the absence of firm economic data, markets view the sharp decline in oil prices as being "potentially disruptive", says Alan Gayle, Director of Asset Allocation at RidgeWorth Investments.
Dan Greenhaus, Chief Global Strategist at BTIG, dismisses concerns that the ongoing rout in oil prices is due to weaker demand in a slowing economy.
If crude finishes the year above $85 per barrel, Jim McIngvale, Gallery Furniture, says your furniture is free.
NEW YORK, Jan 12- Most stock markets around the world fell on Monday as oil prices showed no sign of breaking their prolonged downward spiral, prompting further losses in beleaguered energy shares. U.S. crude futures slumped 5.2 percent to $45.87 per barrel, the lowest level since 2009, while Brent crude lost 5.6 percent as Goldman Sachs slashed its short-term...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another big drop in oil dragged down equities. A GS forecast that said oil could go to $40 and OPEC refusing to cut production were the reasons why.
Oil prices hit near six-year lows Monday but one strategist believes crude is at or near the bottom and will end the year much higher.
CNBC's Jackie DeAngelis says it seems the perfect storm for lower oil is setting up.
How to play the downward spiral in oil, with Andrew Burkly, Oppenheimer & Co., and CNBC contributor John Rutledge.
Tracking the impact of anxiety in the market from the drop in the price of oil, with Jim Iuorio, TJM Institutional Services.
Goldman cuts 3- month Brent forecast to $42 from $80. "I figured we'd see $40 in the near term, but everything seems to be happening quicker than expected," Tariq Zahir of Tyche Capital Advisors. The bank cut its three-month forecasts for Brent to $42 a barrel from $80 and for the U.S. futures contract to $41 from $70.
NEW YORK, Jan 12- Stock markets around the world mostly fell on Monday as oil prices showed no sign of breaking their prolonged downward spiral, prompting further losses in beleaguered energy shares. U.S. crude futures slumped 4.1 percent to $46.39 per barrel, the lowest level since 2009, while Brent crude lost 4.9 percent as Goldman Sachs slashed its short-term...
LONDON, Jan 12- European shares ended higher in volatile trade on Monday as slumping oil prices lifted shares of companies that benefit from lower fuel prices, such as airline Lufthansa, helping to offset a fall in energy companies' shares. Traders blamed a report by analysts at bank Goldman Sachs, who cut their three-month forecasts for Brent to $42 a barrel from...
The good times aren't over yet for the stock market, says floor trader Kenny Polcari. But buckle up—it could be a bumpy ride!
Jan 12- Canadian Natural Resources Ltd, the country's largest independent oil producer, said on Monday it would defer the first phase of its 40,000- barrel-per-day Kirby North thermal project in northern Alberta until crude prices stabilize. CNRL, which has operations in Western Canada, Britain's North Sea and offshore West Africa, now plans to spend C $6.2...
NEW YORK, Jan 12- Oil slumped 5 percent to near six-year lows on Monday, accelerating its months-long rout after Goldman Sachs slashed its short-term price forecasts and Gulf producers showed no signs of curbing output. Brent was down $2.34 to $47.78 a barrel by 11:47 a.m. EST, after dropping as low as $47.18 to its lowest since April 2009. Analysts at Goldman...
The FMHR traders discuss their view of the decline in oil prices, and whether there are signals of stabilization.
Lower prices could make oil unprofitable to pull out of the ground. But we're not there yet, according to energy consultant Wood Mackenzie.