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  • You're going to see volatility here, "said Daniel Flynn, energy analyst at Chicago's Price Futures Group. Brent for February delivery was up $1.05 at $61.06 a barrel by 2:37 p.m. EST, after hitting a session high of $63.40. The biggest slide in oil prices since the 2008 financial crisis had accelerated after OPEC met in November, when Gulf producers resisted calls...

  • UPDATE 7-Oil moves above $60 as U.S. crude stockpiles fall Wednesday, 17 Dec 2014 | 11:16 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil moved above $60 a barrel on Wednesday as U.S. data showed falling crude inventories, stemming deep losses brought on by a supply glut and signals from OPEC producers and Russia that they will not cut production. "The decline in overall crude oil inventories was smallish," said John...

  • OPEC DELEGATES SAY OPEC'S NOV DECISION NOT TO CUT OIL OUTPUT IS STIMULATING ECONOMY AND OIL DEMAND.

  • OPEC DELEGATES SAY PRODUCERS ARE TRYING TO DISCOURAGE GROWTH OF SHALE OIL, EXPECT THIS TO HAPPEN EVENTUALLY.

  • LONDON, Dec 17- OPEC members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share, further reducing the chance of any action to defend prices. We are just watching and selling oil at whatever the price is, "said a delegate from an OPEC country which in November had wanted an...

  • OPEC DELEGATES FROM TWO NON-GULF MEMBERS SAY OPEC CANNOT CUT SUPPLY ALONE.

  • UPDATE 5-Oil falls below $59 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 7:55 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • UPDATE 4-Oil holds below $60 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 6:34 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude held below $60 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • UPDATE 3-Oil below $60 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 4:38 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil traded below $60 a barrel on Wednesday, near 5-1/ 2 year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • *OPEC unwilling to cut supply, spurring weakness. Non- OPEC member Russia, one of the world's top producers, has also indicated that it does not plan to cut output despite a glut in the world market. U.S. crude dropped $1.12 to $54.81 a barrel after touching the lowest since May 2009 at $53.60 on Tuesday.

  • *OPEC unwilling to cut supply, spurring weakness. Non- OPEC member Russia, one of the world's top producers, has also indicated that it does not plan to cut output despite a glut in the market. U.S. crude for January delivery dropped 97 cents to $54.96 a barrel after touching the lowest since May 2009 at $53.60 on Tuesday.

  • Commodities tomorrow: Gasoline drops again  Tuesday, 16 Dec 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another volatile day for crude, which closed up 2 cents on the day.

  • OPEC signals "wait and see" approach could last a year Tuesday, 16 Dec 2014 | 12:48 PM ET

    Some OPEC watchers had identified $60 as a potential red line at which the group, which produces a third of global oil, was expected to send a signal to the market that the decline had been too fast and too steep. OPEC itself is struggling to predict what those signals could be-- a total saturation of global stocks, a bankruptcy of a large oil company or a call from Moscow...

  • Elon Musk is losing out big time on cheap gas prices Tuesday, 16 Dec 2014 | 12:37 PM ET
    Elon Musk

    Elon Musk's investments in electric cars and alternative energy is taking a beating due to tumbling gas prices.

  • Need 'stabilisation' in oil  Tuesday, 16 Dec 2014 | 11:45 AM ET

    In terms of the drop in oil prices, David Sneddon, managing director and global head of technical analysis at Credit Suisse, says their company is looking for "signs of stabilisation".

  • OPEC's high-stakes poker game  Tuesday, 16 Dec 2014 | 10:14 AM ET

    Discussing oil price volatility and where oil will settle, with Francisco Blanch, BofA Merrill Lynch Global Research.

  • Ticking time bombs: Where oil's fall is dangerous Tuesday, 16 Dec 2014 | 10:13 AM ET
    Venezuela is one of the nations most threatened by civil unrest resulting from low oil prices. The Latin American nation has already experienced discord this year, as shown in this image of protesters in Caracas in February.

    Lower oil prices are good for some countries and bad for others. In a few, things could get ugly.

  • *Russi energy min shares OPEC view market will stabilize itself. A near- $20 drop in prices since OPEC declined to cut output at a Nov. 27 meeting has yet to prompt the Gulf members- who overruled calls for output cuts by poorer members such as Venezuela- to reverse course. Russia has said it would not cut production even if oil prices fell below $60 per barrel- far below...

  • Qatar energy minister: OPEC monitoring oil's slide Tuesday, 16 Dec 2014 | 9:23 AM ET

    DOHA, Qatar— Qatar's energy minister says OPEC is monitoring the drop in oil prices closely following a months-long slide that has left crude trading at its lowest point in more than five years. Energy and Industry Minister Mohammed bin Saleh al-Sada told reporters in Doha on Tuesday that OPEC is "watching the market closely," but he gave no indication the bloc...

  • Here's the scary thing about oil's decline  Tuesday, 16 Dec 2014 | 8:08 AM ET

    Pavel Molchanov, Raymond James, Stephen Schork, Schork Report editor talk about oil's impact on natural gas.