Prime office real estate in some of the world's leading cities is about to take a hit from the falling price of oil.» Read More
SINGAPORE, Feb 6- U.S. crude rose as much as $1 in early Asian trade on Friday, continuing a rebound from near six-year lows plumbed last week, but rising global inventories could cap gains. U.S. crude for March delivery was up 36 cents at $51.84 by 0018 GMT, after trading as much a $1 higher earlier in the session. Top OPEC producer Saudi Arabia cut its monthly oil prices...
Oil could bottom around $40 a barrel but if it does, it won't linger there long, oil trader Andrew Hall said in an investor letter.
The financial sector's drop provides a window to snatch up stocks at cheap prices, an analyst said.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude oil popped today, closing over the $50 level. Also, the natural gas drawdown was far lower than expected, which drove prices down.
*Libya violence, Nigeria tanker attack raise supply worries. NEW YORK, Feb 5- Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost in oil demand from China's central bank easing helped the market rebound from a sharp rout in the previous session. "It is just a changing market sentiment as more and more...
A world awash in oil does not bode well for producers during the critical summer months when gas prices typically rise.
Crude oil has gotten whipsawed to both the upside and downside of late. And for two traders, that indicates that the plunge could finally be over.
CNBC's Jackie DeAngelis tracks oil's latest movements.
Discussing the correlation between cheap gas, and auto sales, as well as the health of the luxury auto market, with Earl Hesterberg, Group 1 Automotive CEO.
Discussing what's going on with the volatile price movements in oil, with Kyle Cooper, IAF Advisors. Cooper shares his near-term prediction.
As the price of oil declines, consumer advocates urge major U.S. airlines to lower ticket prices, NBCNews reports.
CNBC's Jackie DeAngelis reports natural gas inventories is down 115 bcf.
Will oil's volatility continue? Andy Lipow, Lipow Oil Associates president, provides perspective.
LONDON, Feb 5- Oil rose towards $56 a barrel on Thursday, recovering from part of the previous session's drop, although traders and analysts said the prospect of a further, sustained rally from near six-year lows looked weak. Brent crude rose $1.69 to $55.85 a barrel by 1345 GMT, having fallen more than a dollar intra-day earlier and settling 5.5 percent lower on...
Weatherford plans to cut 5,000 jobs by the end of the first quarter as it tries to save costs amid sinking oil prices and budget cuts.
Spectra Energy CEO Greg Ebel discusses the company's long-term growth plans, earnings, energy prices and infrastructure.
A rally in the oil market that sent prices soaring 22 percent was technical in nature, John Kilduff tells CNBC.
The rollercoaster ride in oil prices continued on Thursday, after the market tumbled on news that U.S. inventories were at a near-80 year high.
John Kilduff, Again Capital founder, says he believes oil will go to new lows. And David Woo, BofA Merrill Lynch, discuss the biggest risks to FX. I think at this point we are entering a currency war, says Woo.