• LONDON, Jan 27- Brent crude futures held above $48 on Tuesday as a weaker dollar offset the impact of a global supply glut, with traders questioning if the nearly 60 percent price fall since June has run its course. Brent hit $45.19 on Jan. 13, the lowest since 2009 and down from a June 2014 peak of $115.71, but has since traded in a narrow band of $47- $50.62.

  • Obama to propose oil drilling off Atlantic Coast Tuesday, 27 Jan 2015 | 9:07 AM ET
    Environmentalists fear another BF Deepwater Horizon oil spill disaster as the Obama administration is set to propose opening up offshore drilling on the east coast from Virginia to Georgia.

    The Obama administration will announce Tuesday a proposal to start drilling in Atlantic Coast waters, The New York Times reports.

  • BAGHDAD, Jan 27- Falling oil prices forced Iraq's cabinet on Tuesday to revise its draft 2105 budget, trimming its forecast for oil to $55 a barrel from $60.

  • The new shale frontier?   Tuesday, 27 Jan 2015 | 5:40 AM ET
    The new shale frontier?

    As top U.S. officials head to Saudi Arabia, CNBC's Hadley Gamble reports on Saudi Aramco and whether Saudi Arabia will be the "new frontier in shale production."

  • Could Russia see another 'junk' downgrade?   Tuesday, 27 Jan 2015 | 4:40 AM ET
    Could Russia see another 'junk' downgrade?

    Luis Costa, head of CEEMEA FX and rates strategy at Citi, says that if oil continues to stay at low levels, it would be a "negative catalyst" for Russia's economy.

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. LONDON, Jan 27- Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro. Prices were also supported after the Secretary-General of the Organization of the Petroleum Exporting Countries, Abdullah al-Badri, said oil prices may have bottomed...

  • UK economy slows: Reaction   Tuesday, 27 Jan 2015 | 4:30 AM ET
    UK GDP data out: Reaction

    Adam Chester, head of UK macroeconomics at Lloyds Bank, shares his thoughts on the latest GDP, data for the UK.

  • Record open interest points to Brent price support Tuesday, 27 Jan 2015 | 4:01 AM ET

    GRAPHIC: Brent open interest: http://link.reuters.com/das83w SINGAPORE, Jan 27- Weekly investor interest in Brent crude futures rose to a record in January, stirring talk positions are being built in the market for a price rebound in a benchmark that has suffered a 60 percent slump since the middle of last year. Brent's open interest on the Intercontinental...

  • SINGAPORE, Jan 27- U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading companies to sell the light crude, trade sources said. Oil producers have been pressing to lift a 40- year-old U.S. ban on crude exports and the Department of Commerce...


  • HOUSTON, Jan 27- Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn. As oil prices fell by more than half over the last six months from more than $100 per barrel, the U.S. oil industry responded by slowing its...

  • 'Oil price rebound is wishful thinking': Analyst   Monday, 26 Jan 2015 | 10:47 PM ET
    'Oil rebound is wishful thinking': Analyst

    Despite some consolidation around $45 a barrel in recent weeks, crude oil prices will likely see more downside ahead, says Matt Smith, Commodities Analyst at Schneider Electric.

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. SINGAPORE, Jan 27- Brent crude oil prices held above $48 on Tuesday following comments from OPEC that prices may have found a floor. "OPEC's Secretary General commented yesterday that prices may have bottomed, but there was no imminent prospect of OPEC producers sitting down to discuss cutbacks until...

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. SINGAPORE, Jan 27- Oil prices were little changed on Tuesday, with Brent holding above $48 following comments from a top OPEC official that prices may have found a floor. "OPEC's Secretary General commented yesterday that prices may have bottomed but there was no imminent prospect of OPEC producers...

  • A rebound in oil prices? Not yet, says ANZ   Monday, 26 Jan 2015 | 6:46 PM ET
    A rebound in oil prices? Not yet, says ANZ

    Daniel Hynes, Senior Commodity Strategist at ANZ, outlines factors that will lead crude oil prices to the downside for the first half of the year.

  • Oil rises on weaker dollar; traders fear stock build Tuesday, 27 Jan 2015 | 2:36 PM ET

    Oil rose more than 3 percent on Tuesday as a weaker dollar propped up commodities priced in the currency.

  • NYMEX-US crude holds above $45 after three-day slide Monday, 26 Jan 2015 | 7:26 PM ET

    SINGAPORE, Jan 27- U.S. crude futures steadied above $45 a barrel on Tuesday after a three-session fall that dragged prices to near their lowest level in almost six years, amid a firmer dollar and well supplied market. *U.S. crude for March delivery was up 10 cents at $45.25 a barrel by 0018 GMT, after hitting a session low of $44.35 on Monday. That was the lowest intraday...

  • Commodities tomorrow: Dollar pressures oil   Monday, 26 Jan 2015 | 4:00 PM ET
    Commodities tomorrow: Dollar pressures oil

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar put downward pressure on oil, and nat gas was down even with the winter temperatures dropping.

  • UPDATE 9-Oil slides despite OPEC talk of a floor Monday, 26 Jan 2015 | 4:22 PM ET

    *Oil may have hit a floor, OPEC secretary general says. NEW YORK, Jan 26- Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom. Following the restart of a major U.S. Midwest refinery unit, the Brent/WTI spread narrowed to $3.01 after...

  • Too early to call definitive oil bottom: Pro   Monday, 26 Jan 2015 | 3:22 PM ET
    Too early to call definitive oil bottom: Pro

    Jan van Eck of Van Eck Global, outlines concerns for playing commodities in the ETF space, with CNBC's Bob Pisani.