U.S. oil were almost unchanged, with high Middle East supplies weighing on markets and a further fall in U.S. oil rig counts lending some support.» Read More
Richard Tullis, energy equity analyst at Capital One, explains the outlook for U.S. oil and gas producer Sandridge Energy, which is planning to slash its rig count by nearly 75 percent.
David Ratliff, head of Investor Sales and Relationship Management, Asia Pacific at Citi, says oil prices could hit $20 a barrel in the near term as production remains high in countries like the U.S.
BEIJING, Feb 10- Benchmark Brent crude oil prices remained below $58 a barrel on Tuesday as the International Energy Agency said the United States will remain the world's top source of oil supply growth until to 2020, defying expectations of a more dramatic slowdown in shale output growth. Brent crude slipped 71 cents, or 1.22 percent, to $57.63 by 0234 GMT, ending...
Brent fell below $58 a barrel on Tuesday after the IEA warned that oil prices may decline as stocks keep rising this year.
*U.S. crude futures for March delivery lost 38 cents at $52.48 a barrel as of 0018 GMT after the contract finished up $1.17, or 2.3 percent, at $52.86 in the previous session. *In the prior session benchmark Brent oil futures for March settled up 54 cents, or nearly 1 percent, at $58.34 a barrel, after rallying to $59.61 at one point. *A poll of five analysts was taken ahead of...
Margaret Patel, senior portfolio manager with Wells Capital Management, attributes Wall Street's losses to "misplaced worries" on near term issues like Greece and a possible U.S. rate hike.
A Citi note thinks West Texas crude could go as low as $20 per barrel. Discussing where oil is headed, with Chris Faulkner, Breitling Energy CEO.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC says lower prices will hurt US producers, forcing countries to buy Middle Eastern oil. And Citi says oil could fall to $20.
Massive opportunities still exist in China despite slowing growth there, says Michael Yoshikami.
CNBC's Jackie DeAngelis tracks today's oil action into the close.
Oil prices have rebounded recently, but Barclays' Michael Cohen doesn't think the rally will last.
Labor standoffs at refineries and West Coast ports are not relenting. Is this a sign of a strengthened economy or will it hurt it instead?
*OPEC sees increased demand for its oil in 2015. *Cartel also slashes forecast for non- OPEC supply. NEW YORK, Feb 9- Oil rose for a third straight session on Monday as OPEC forecast greater demand for crude this year than previously thought and projected less supply as well from countries outside the group.
*OPEC sees increased demand for its oil in 2015. LONDON, Feb 9- Brent crude prices rose above $58 a barrel on Monday after OPEC forecast demand for its oil would be greater than expected in 2015 and the number of U.S. oil rigs hit a three-year low. In a monthly report issued on Monday, OPEC also slashed its forecast for the rate of growth in non- OPEC supply, citing a slowdown...
The average price of a gallon of gasoline in the United States rose 13 cents in the past two weeks, following a nine-month price slide.
OPEC said oil demand growth was "yet to show any signs of accelerating," while still hiking its demand forecast for 2015.
*China imports fall 19.9 pct in January as growth slows. LONDON, Feb 9- Brent crude prices steadied near $58 a barrel on Monday as falling U.S. oil rig counts and signs of healthy U.S. growth offset concerns over the strength of the Chinese economy. Global benchmark Brent crude oil for March was up 10 cents at $57.90 a barrel by 1118 GMT after rising as high as $59.06...
*China imports fall 19.9 pct in January as growth slows. *China oil imports also slow despite stockpiling. Global benchmark Brent crude oil for March was down 10 cents at $57.70 a barrel by 0748 GMT after rising as high as $59.06 earlier in the session.
Warren Gilman, chairman & CEO of CEF Holdings, expects oil prices to resume declines soon as supply isn't showing any signs of fading amid tepid demand.
Mohshin Aziz, aviation analyst at Maybank Investment Bank, says the below-view third-quarter results and cautious statement from the management suggest that the outlook for the carrier remains challenging.