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  • When—and where—oil is too cheap to be profitable Monday, 12 Jan 2015 | 11:43 AM ET
    Oil Iraq OPEC

    Lower prices could make oil unprofitable to pull out of the ground. But we're not there yet, according to energy consultant Wood Mackenzie.

  • *Goldman cuts 3- month Brent forecast to $42 from $80. NEW YORK, Jan 12- Oil slumped 5 percent to near six-year lows on Monday, accelerating its months-long rout after Goldman Sachs slashed its short-term price forecasts and Gulf producers showed no signs of curbing output. Analysts at Goldman Sachs cut their three-month forecasts for Brent to $42 a barrel from...

  • The equity selloff, which started on Wall Street and quickly spread to Europe, mirrored a new plunge in the price of oil, with Brent crude setting a new low at $47.61/ barrel as the U.S. trading day got underway. Traders blamed a report by analysts at bank Goldman Sachs, who cut their three-month forecasts for Brent to $42 a barrel from $80. "Goldman Sachs' report on oil has...

  • Voices grow stronger for federal gas tax hike Monday, 12 Jan 2015 | 10:41 AM ET
    Sen. Bob Corker, R-Tenn., delivers opening remarks during a hearing on Capitol Hill, Dec. 9, 2014, in Washington.

    Some senators have proposed raising the federal gas tax by 12 cents over two years and indexing it to inflation. USA Today reports.

  • LONDON, Jan 12- Hedge funds have raised the number of their bets on a rise in the price of Brent crude to the highest since July, data showed on Monday, as speculators position for a possible rebound in oil prices following a near 60 percent collapse. Funds and other large speculators have been adding to positions betting on higher prices since October, even as prices...

  • CRUDE OIL FUTURES FALL BELOW $46 A BARREL FOR THE FIRST TIME SINCE APRIL 2009.

  • NEW YORK, Jan 12- Stock markets around the world fell on Monday as oil prices showed no sign of escaping their downward spiral, prompting further losses in the beleaguered energy sector. U.S. crude futures slumped 4.1 percent to $46.34, the lowest level since 2009, while Brent crude lost 4.4 percent as Goldman Sachs slashed its short-term price forecasts and Gulf...

  • The positives of lower oil   Monday, 12 Jan 2015 | 10:00 AM ET
    The positives of lower oil

    Discussing the precipitous drop in energy prices and global demand for oil, with Bill Stone, PNC Asset Management Group, and Bob Doll, Nuveen Asset Management.

  • Matrix's Katz sees Qualcomm comeback Monday, 12 Jan 2015 | 5:30 AM ET
    Qualcomm signage and a shadow of CEO Steve Mollenkopf

    David Katz, member of Squawk Box's inaugural Portfolio Challenge, believes that Qualcomm and an energy giant will do well with oil's recovery.

  • LONDON, Jan 12- Oil renewed its decline on Monday, dropping nearly 5 percent to below $48 a barrel as Goldman Sachs slashed its short-term price forecasts and Gulf producers showed no signs of curbing output. Analysts at Goldman Sachs cut their three-month forecasts for Brent to $42 a barrel from $80 and for the U.S. The bank cut its 2015 Brent forecast to $50.40 a...

  • Cramer: 'Get negative on everything' oil Monday, 12 Jan 2015 | 10:17 AM ET
    Jim Cramer

    CNBC's Jim Cramer says analysts need to cut their oil outlook in order for energy stocks to bottom.

  • *Foundation Medicine jumps; Roche to take majority stake. Oil prices continued their downward march and weighed on equities, with both Brent and U.S. crude down about 4 percent as Goldman Sachs slashed its short-term price forecasts and Gulf producers showed no signs of curbing output. "During this cycle, since the beginning of the precipitous selloff in the...

  • BRENT CRUDE OIL FUTURES FALL BELOW $48 A BARREL FOR THE FIRST TIME SINCE APRIL 2009.

  • Cramer questions Tiffany's execution   Monday, 12 Jan 2015 | 9:04 AM ET
    Cramer questions Tiffany's execution

    CNBC' Jim Cramer discusses the outlook for luxury retailer Tiffany and Lululemon.

  • Oil coming back next year? Cramer says 'forget about it'

    As oil continues to fall, CNBC's Jim Cramer discusses the gasoline glut problem in the U.S.

  • *Egypt's GB Auto soars on rights issue, investment plans. DUBAI, Jan 12- Gulf stock markets ran out of steam on Monday after several strong sessions as oil prices fell by more than $1 a barrel, although positive fourth-quarter corporate earnings supported individual stocks. Brent crude traded below $49 after analysts at Goldman Sachs cut their average forecast...

  • US gas prices haven't been this low since... Monday, 12 Jan 2015 | 8:06 AM ET
    The gas cash price for regular fuel is displayed at $1.79 a gallon at a Mobil station in Livonia, Mich., Jan. 6, 2015.

    The average price of gas in the U.S. fell to its lowest level since April 2009, according to the Lundberg survey released Sunday.

  • LONDON, Jan 12- Oil renewed its decline on Monday, dropping below $49 a barrel as Goldman Sachs slashed its short-term price forecasts and Gulf producers showed no signs of curbing output. Analysts at Goldman Sachs cut their three-month forecasts for Brent to $42 a barrel from $80 and for the U.S. The bank cut its 2015 Brent forecast to $50.40 a barrel from $83.75...

  • LONDON, Jan 12- Oil prices showed no sign of escaping their downward spiral on Monday and signs emerged that cheap crude may have a positive impact on the European economy, with airlines and the auto industry leading the region's shares higher. This time it's different and the market has to learn that, "said Jochen Rothenbacher, research and sales director at...

  • LONDON, Jan 12- Hedge funds have raised their bets on a rise in the price of Brent crude to the highest since July, data from ICE showed on Monday, as speculators position for a possible rebound in oil prices following the near 60 percent collapse in the last seven months. That is the biggest net long, or the difference between bets on rising and falling prices, since...