CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day, in spite of a big build. Here's why» Read More
Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), Energy Ministry data showed.
The factors behind the decline in the Russian ruble - including sanctions and low oil prices - are likely to stay put for now, says Carlo Gallo, founder & director at Enquirisk.
The oil price drop has not hit the floor yet. Neil Atkinson, head of analysis at Lloyd's List Intelligence explains that the impact of lower oil prices will restrict the growth of production, and encourage a faster rate of demand growth.
Falling oil prices will hurt countries across the Middle East unless Saudi Arabia takes steps to reverse the slump, Iran's deputy foreign minister said.
SINGAPORE, Jan 2- Gold inched up on Friday as higher oil prices boosted its safe-haven appeal, but the metal looked set to post its third straight weekly loss, weighed down by a strong dollar. *Spot gold rose 0.4 percent to $1,186.75 an ounce by 0030 GMT, after ending 2014 down about 2 percent. *U.S. crude futures hit $55.11 a barrel before easing below $55 a barrel on the...
Global benchmark Brent crude oil closed down nearly a dollar a barrel after a day of choppy trading, as strong mid-day rallies in crude fizzled.
SEOUL, Jan 2- U.S. crude futures rose over $54 a barrel on the first trading day of 2015 in Asia, supported by last week's larger-than-expected fall in U.S. crude stocks but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed. *U.S. crude gained 80 cents a barrel at $54.07 as of 2346 GMT after it fell 85 cents to settle at $53.27 a barrel on the last...
Noted investor Dennis Gartman sees the bull market in the dollar continuing, and would use the weakness in other currencies to buy gold.
Louise Yamada of Louise Yamada Technical Research, looks at why oil could go even lower; and the "Fast Money" traders discuss the way to play it next year.
Saudi Arabia's king was hospitalized Wednesday for tests, and that had many wondering about succession plans and its impact on oil.
Experts predict a smooth succession if Saudi King Abdullah were to die, but future transitions could prove problematic.
Oil investors are paying attention to Civeo's recent plummeting as the drop points to indications of slower oil investments.
Discussing the succession plan in place in Saudi Arabia and what new rule would mean for the oil market, with David Philips, Former State Dept. Advisor.
King Abdullah of Saudi Arabia has been hospitalized. CNBC's Jackie DeAngelis reports how oil traders are weighing the news.
According to a report by AAA, Americans collectively saved an estimated $14 billion on gasoline compared to the previous year.
"The Profit's" Marcus Lemonis, says consumers should use the savings from lower fuel prices to pay down debt not spend more money.
Robert Jordan, former ambassador to Saudi Arabia, shares his thoughts on reported health issues of Saudi Arabia's King Abdullah and its implications regarding succession and the oil markets.
We've seen the bottom in oil, says Morgan Downey, Money.Net commodities trader, discussing oil's outlook and potential takeover targets in 2015.
Does Gordon Gekko think 2015 will be a good year for greed? Some of the greatest Wall Street movie villains of all time offer up their predictions.
*Libyan fighting cuts OPEC output to six-month low. Brent February crude was down $1.25 at $56.65 a barrel at 11:09 a.m. EST, after dropping as low as $55.81, its weakest since May 2009. U.S. crude was down $1.02 at $52.92, off its $52.51 intraday low.