Oil prices edged up on Thursday, partially recovering from price falls of 2.5 to 4 percent a day earlier as U.S. stockpiles rose for the first time in months.» Read More
*Iran negotiations in Lausanne enter last 24 hours. LONDON, March 31- Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets. With a self-imposed deadline set for the end of the day, the United States, Britain,...
*Oil imports from Iran at 220,000 bpd in year to March 31. *U.S. pressured India not to raise annual Iran oil imports. NEW DELHI, March 31- India halted oil imports from Iran for the first time in at least a decade in March as New Delhi responded to U.S. pressure to keep its shipments from Tehran within sanction limits during the last month of negotiations on a preliminary...
Jochen Wermuth, Managing Partner of Wermuth Asset Management, talks about the Russian markets, adding that if Moscow focuses solely on oil and gas, it will suffer.
For the past year, the turmoil in energy markets has been the biggest event in global financial markets, says David Mann, chief economist, Asia at Standard Chartered Bank.
Oil extended losses on Tuesday ahead of a nuclear pact that could release more Iranian crude into the oversupplied market.
TOKYO, March 31- U.S. crude futures extended declines to a third day on Tuesday to hold below $49 a barrel, under pressure ahead of industry data due out later that is likely to show another solid build in U.S. commercial crude inventories. *NYMEX crude for May delivery was down 8 cents at $48.60 a barrel by 0034 GMT. *It settled down 19 cents at $48.68 on Monday as Iran and...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Traders focus on Iran, but headlines from the State Department drove crude higher by the end of the day.
BRENT CRUDE OIL SETTLES DOWN 12 CENTS, OR 0.2 PERCENT, AT $56.29 A BARREL.
CRUDE OIL SETTLES DOWN 19 CENTS, OR 0.4 PERCENT, AT $48.68 A BARREL.
CNBC's Jackie DeAngelis tracks oil movement as Yemen oil fears ease.
Fadel Gheit, Oppenheimer and Co., discusses what it will take to get the oil markets back on track as prices fall.
Tom Lee, Fundstrat Global Advisors, discusses his bullish outlook on the markets.
*More price falls seen as U.S. stocks are sold off- Barclays. LONDON, March 30- Oil prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear programme that could bring an end to sanctions and allow an increase in Iranian oil exports. "Regarding Iran, there are two possible outcomes: a framework deal or an extended...
The chart in oil prices is getting a lot of people talking positively about crude. Don't buy it.
Once a darling of emerging market investors, the slump in oil prices mean Nigeria’s economy is seen continuing to slow after this weekend’s elections.
LONDON, March 30- Hedge funds increased their bets on rising Brent crude oil prices last week to their highest since July 2014, exchange data showed on Monday, in a sign large speculators are positioning for a possible rebound. Money manager net longs in Brent hit an all-time peak of 242,201 in the week to June 24 last year- just before oil prices started their...
Traders are worried Iran could begin selling oil into an already oversupplied market, but other forces could support prices, Helima Croft tells CNBC.
Insight to tension in the Middle East, and how much events impact the price of oil, with Helima Croft, RBC Capital Markets.
As talks between the West and Iran continue, analysts have warned that a successful deal could further compound the glut in global oil markets.