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  • COLUMN-Oil prices and Saudi diplomacy: Kemp Monday, 22 Dec 2014 | 9:26 AM ET

    LONDON, Dec 22- Saudi Arabia sets oil market policy purely on an economic basis, no less and no more, the kingdom's oil minister reiterated in a broad-ranging interview with the newspaper Al-Hayat. Ali al-Naimi rejected "conspiracy theories" that Saudi Arabia was using oil as a diplomatic weapon against Iran, Russia or any other country, calling such beliefs a...

  • Rosneft, Morgan Stanley end deal  Monday, 22 Dec 2014 | 8:45 AM ET

    Rosneft and Morgan Stanley have ended a deal for an oil trading storage business, reports CNBC's Michelle Caruso-Cabrera.

  • Morgan Stanley, Rosneft deal sours amid sanctions Monday, 22 Dec 2014 | 8:37 AM ET
    An illuminated Rosneft oil company logo sits on the roof of an OAO Rosneft gas station near the Ostankino TV tower displaying the colors of the Russian national flag in Moscow, Russia

    Morgan Stanley and Rosneft announced on Monday that they had to terminate the sale of Morgan Stanley's oil unit due to likely regulatory refusal.

  • Low gas driving auto sales  Monday, 22 Dec 2014 | 8:18 AM ET

    Paul Ingrassia, Reuters managing editor, provides insight to the impact of the oil decline on auto markets around the world. He says bigger vehicles will be in next year.

  • Saudi Arabia sticks to budget despite oil’s slide Monday, 22 Dec 2014 | 8:22 AM ET
    The Aramco oil refinery in Dahran, Saudi Arabia.

    Oil-rich Saudi Arabia is expected to defy the recent slide in the price of oil and keep to its spending commitments.

  • CAT CEO: We'll see impact from oil no question  Monday, 22 Dec 2014 | 7:32 AM ET

    Discussing the slump in oil prices, and the impact, if any, to mining, with Doug Oberhelman, Caterpillar Chairman and CEO.

  • How low will it go? Gas prices lowest since 2009 Monday, 22 Dec 2014 | 6:45 AM ET
    A gas station attendant fills a customer's vehicle in Turnersville, New Jersey December 4, 2014.

    The average price of a gasoline in the U.S. fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years.

  • OPEC head hopes for price revival by 2nd half  Monday, 22 Dec 2014 | 6:03 AM ET

    OPEC's Secretary General Abdullah Al-Badri says he hopes to see a recovery in the price of crude by the end of the second half of next year, with CNBC's Joe Kernen.

  • Dec 22- Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC's decision not to cut output, a Reuters monthly survey showed. The Organization of the Petroleum Exporting Countries' agreement last month to stand pat on output meant the onus for any supply...

  • What dominated the U.S. market moves last week?  Monday, 22 Dec 2014 | 5:50 AM ET

    Did the Fed's meeting and the oil rebound dominate markets last week? Alan Knuckman, chief options strategist at Bulls-Eye Options, disagrees, saying that "profit-taking" was behind the U.S. markets moves last week.

  • OPEC will not cut production  Monday, 22 Dec 2014 | 4:30 AM ET

    Neil Atkinson, head of analysis at Lloyd's List Intelligence, compares the price of oil to "a bungee jump", referring to its volatility in price, saying that the problem is no knowing how many more "bounces" there are in oil until the price is stabilised.

  • Russia to enter 'deep recession' in 2015?  Monday, 22 Dec 2014 | 4:00 AM ET

    With China's foreign minister offering to help Russia if needed, Neil Shearing, chief emerging markets economist at Capital Economics, discusses how Moscow is fairing, saying 2015 will show a "deep recession" for Russia.

  • *Consensus grows for Brent to remain above $60 for rest of year. LONDON, Dec 22- Oil rose above $62 a barrel on Monday, mirroring gains in equities, as investors became confident there would be no further substantial price loss in the run-up to the new year. "The market has calmed down and it is forming a short-term base above $60, and it's to be expected that there would be...

  • *Consensus grows for Brent to remain above $60 for rest of year. SINGAPORE, Dec 22- Brent crude futures rose more than 2 percent toward $63 a barrel on Monday as Asian markets firmed into a holiday-shortened week and consensus spread that prices would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • MOSCOW, Dec 22- The Russian rouble opened broadly firmer on Monday, supported by higher oil prices and a pause in the panic-selling on the domestic currency market after officials rushed to issue strong verbal support and announce measures to ease the situation. Oil, Russia's chief export, was up, with Brent futures trading above $62 per barrel.

  • *Consensus grows for Brent to remain above $60 for rest of year. SINGAPORE, Dec 22- Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.4...

  • TOKYO, Dec 22- Japanese stocks advanced on Monday as rebounding crude prices underpinned oil-related shares. The Tokyo Stock Exchange oil and coal products companies subindex starred, gaining 8.4 percent as oil staunched its recent losses. Oil refiner Showa Shell Sekiyu soared 27.7 percent on a media report that it was in talks to be acquired by bigger rival...

  • *Consensus grows that Brent to remain above $60 for rest of year. SINGAPORE, Dec 22- Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.1...

  • *Consensus growing that Brent to remain above $60 for rest of yr. SINGAPORE, Dec 22- Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3...

  • Oil markets building in risk premium: Pro  Sunday, 21 Dec 2014 | 10:35 PM ET

    Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities, expects a risk premium to be built into fuel prices soon and explains why cheaper oil is a double-edged sword for consumers.