A former top oil executive says the price of gas at the pump could double by year's end, even as consumers are enjoying low prices.» Read More
NEW YORK, Dec 16- U.S. stock index futures fell on Tuesday as a further slide in crude oil prices and the Russian rouble sent traders fleeing from risky assets. Brent crude lost more than 3 percent to $58.96 per barrel after hitting a low of $58.50 and U.S. crude was down almost 3 percent at $54.26 after hitting $53.80. "The market is reflecting a global macro concern...
Pavel Molchanov, Raymond James, Stephen Schork, Schork Report editor talk about oil's impact on natural gas.
The Russian Central Bank's efforts to fight the ruble's slide will be ineffective if oil continues to fall, Boris Schlossberg said.
Today, Saudi Arabia is using its "oil weapon," but instead of driving up prices and cutting supply, it's doing the reverse.
LONDON, Dec 16- Oil prices have now fallen to an unsustainable low level. Futures contracts for Brent and WTI have fallen below $60 and $55 per barrel respectively but many crude producers are receiving much lower prices. Plains Marketing, for example, is now offering just $39.69 per barrel for Williston Basin Sweet crude and less than $50 for a wide range of other...
Mark Grant, Southwest Securities, shares his outlook on Europe's economy and its impact on the U.S. as oil continues to fall. We're in for a bumpy ride, cautions Grant.
Mark Grant, Southwest Securities discusses the massive interest rate hike in Russia and its likely impact on the ruble.
As Brent crude fell below $60 per barrel on Tuesday, analysts warned of a "dramatic" cut in industry investment which could hit future supply.
Discussing the decline in oil and how the Fed will react, Steven Englander, global head of G10 FX strategy at Citi, says that the Fed are more likely to focus on labor market improvements rather than oil price decline.
Martin Richenhagen, CEO of AGCO, an agricultural machinery company discusses, how the falling price of oil is good for his company and how the sector must adapt to changing diets in emerging markets.
The skidding price of oil - which hit new multiyear lows this morning - is ratcheting up concern over the global economy, with the beginning of a two-day Fed meeting today also presenting a wildcard for investors.
*Russia hikes interest rates as rouble collapses. *Russia won't cut oil output, no sign of any OPEC action. International benchmark Brent crude has almost halved since reaching a 2014 high of $115 a barrel in June on ample supply and slowing demand, and a switch in strategy by exporter group OPEC to defending market share rather than prices.
LONDON, Dec 16- Aluminum prices hit their lowest level in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Broader market sentiment was soured as Brent oil futures sank towards $59 per barrel for the first time since May 2009, while Russia's central bank raised...
LONDON, Dec 16- Oil fell to just above $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to concerns about demand. Brent crude fell as low as $59.02, its weakest level since May 2009, and as of 0914 GMT was down $1.81 at $59.25.
*China's factory sector shrinks first time in seven months. *Russia hikes interest rates, Indonesian rupiah hits 16- year low. SINGAPORE, Dec 16- Brent crude oil prices fell over $1 per barrel and below $60 for the first time since July 2009 in early European trading on Tuesday as Chinese factory activity slowed and stumbling emerging market currencies dented...
Guy Wolf, global head of market analytics at Marex Spectron, and Beat Wittmann, senior advisor at Raiffeisen Switzerland, discuss why there is "no place for gold" in today's trading environment.
Amrita Sen, chief oil analyst at Energy Aspects, says that the oil price could push $100 by the end of 2015, given the potential for a bounce back in demand.
Victor Shum, Vice President at IHS Energy Insight, says chances of a U.S. production cut are higher than an OPEC response, which will be the catalyst for a recovery in oil prices.
SINGAPORE, Dec 16- Oil prices fell on Tuesday, with Brent mired near a 5-1/ 2 year low close to $60 per barrel, as Chinese factory activity slowed for the first time in seven months and stumbling emerging market currencies dented demand expectations. Brent for January delivery was at $60.70 a barrel at 0520 GMT, down 36 cents and close to the 5-1/ 2- year low of $60.20 hit...
SINGAPORE, Dec 16- Oil prices fell on Tuesday, with Brent mired near a 5-1/ 2 year low close to $60 per barrel, as Chinese factory activity slowed and concerns rose over the health of emerging market economies and their currencies. Brent for January delivery was at $60.81 a barrel at 0420 GMT, down 25 cents and close to the 5-1/ 2- year low of $60.20 hit on Monday.