CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The ECB's QE announcement put downward pressure on oil today, as did a huge weekly build. Nat gas settled down, as well, as inventories were down less than expected. Gold was higher on the day.» Read More
John Woods, MD, Head of Fixed Income & Senior Portfolio Manager at Citi Investment Management, explains why markets are worried about the slump in energy prices.
Unless OPEC meets and adheres to new production levels, oil will see more downward pressure in 2015, says Scott Darling, Head of Oil & Gas Research at JPMorgan.
Barry Dawes, Head of Resources at Paradigm Securities, explains his optimism for a rebound in energy prices, but warns that crude oil could fall to near $50 a barrel in the short term.
Johannes Benigni, Founder and Managing Director at JBC Energy, says the extent of oil's slump will depend on the "cash cost" of producers.
Richard Jerram, Chief Economist at the Bank of Singapore, says falling oil prices reduced inflationary pressures, which in turn negate the need of monetary tightening across Southeast Asia.
Based on previous incidences when oil dipped to $40 a barrel in 2009, the ongoing rout in prices could continue, says Jodie Gunzberg, Global Head of Commodities at S&P Dow Jones Indices.
John De Clue, Chief Investment Officer, The Private Client Reserve at the U.S. Bank Wealth Management, outlines factors that will serve as "powerful underpinnings" for Wall Street next year.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil bounced around before it fell below $60 near the close. There's simply too much oil on the market and too little demand. And OPEC isn't going to cut production any time soon.
Vandana Hari, Asia Editorial Director at Platts, weighs the factors that could put a bottom to the recent slump in oil prices. She later explains why the short selling of oil isn't over yet.
While downward pressure will continue to weigh on oil in the near future, prices are unlikely to go below $43 a barrel, says Matt Smith, Commodity Analyst at Schneider Electric.
Michael Jones, Chairman and CIO at Riverfront Investment Group, calls the recent slump in oil prices as "a supply-driven collapse," which has been proven to benefit the global economy.
Vadim Zlotnikov, Chief Market Strategist and Co-Head of Multi-asset Solutions at AllianceBernstein, recommends investing in a basket of U.S. exploration and production (E&P) producers towards year-end.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today, as the commodity free fall continues. OPEC cut its 2015 demand projection and the Saudis ask why they should cut production.
Airlines that do not have fuel hedging, such as the Chinese airlines, will stand to benefit the most from cheap oil, says Corrine Png, Head of Asia Pacific Transportation Research at JP Morgan.
The recent plunge in oil prices is due to price wars, instead of structural market conditions, says Bambang Brodjonegoro, Finance Minister of Indonesia.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil started out lower but had a technical rebound. Traders bought the dips, but expect it to continue its fall. Gold popped on the day.
Nicholas Ferres, Investment Director for Global Asset Allocation at Eastspring Investments, says major European producers are trading below book value, which makes them an attractive play.
Daryl Guppy, CEO of Guppytraders.com, explains why oil prices could drop below $60 per barrel.
Gina Sanchez, Chairwoman & Founder of Chantico Global, explains that most OPEC member countries need to have oil above at least $80 a barrel to prevent civil unrest.
Keith Wade, Chief Economist at Schroders, explains the positive impact of a strong dollar and why it may be difficult for OPEC to squeeze out U.S. shale producers.