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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders remain focused firmly on tomorrow's testimony from Fed Chairman Ben Bernanke. And expectations for this week's oil inventories.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders remain focused firmly on tomorrow's testimony from Fed Chairman Ben Bernanke. And expectations for this week's oil inventories.
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CNBC's Sharon Epperson takes a look factors that contributed to the major reversal in precious metals on Monday and what sent oil prices to a 7-week high. She also discusses events in the the coming days that could impact the price action in energy and metals.
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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. After the dollar slipped, oil and gasoline futures climbed a bit. Nat gas was down on a bigger-than-expected build. A mixed picture in the metals markets, as well.
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CNBC's Bertha Coombs says negative economic data from Europe put pressure on commodities overall. Prices at the pump are 12 cents below where they were a year ago.
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The concept of US energy independence is sparking debates about what it may mean for oil prices, and Saudi Arabia is doing a lot of the debating.
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NEW YORK, May 14- Oil producers in the United States could slow drilling if prices drop below $70 a barrel, which would make such operations uneconomical, the head of the Energy Information Administration said on Tuesday. A decrease in U.S. prices could prompt a cut in OPEC production, Sieminski said, in an attempt to raise the value of oil.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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NEW YORK, May 14- Brent crude oil fell on Tuesday after a leading energy watchdog forecast the supply-demand balance of world oil supplies would be "more comfortable" over the next five years. The International Energy Agency said rapidly increasing non- OPEC oil output would meet most of the world's extra oil demand over the next few years.
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*IEA steeply raises non- OPEC supply forecast. *OPEC will barely have to raise output in next 5 years. LONDON, May 14- Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West's energy agency said.
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*IEA steeply raises non- OPEC supply forecast. *OPEC will barely have to raise output in next 5 years.
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Victor Shum, VP of IHS Energy Insight gives his advice on how to play the oil market in the coming year.
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CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was lower on the day, while gold dipped and came back later in the day.
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*Oil flow on Kirkuk- Ceyhan pipeline resumes- sources. *OPEC, before meeting, sees higher oil demand for 2013. SINGAPORE, May 13- Brent futures slipped towards $103 a barrel on Monday as the dollar stayed firm, with renewed worries of a slowdown in demand growth from the world's top oil consumer the United States further weighing on sentiment.
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TRIPOLI, May 12- British oil company BP said it is withdrawing some non-essential staff from Libya after Britain's government warned about deteriorating security in the capital Tripoli. Despite concerns raised by international oil firms operating in the OPEC producer, Libya has said foreign security will not be allowed at its oil fields.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. After a big slide in oil and gold, traders will be looking to see if they recover Monday, she says.
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*OPEC boosts 2013 oil demand forecast. NEW YORK/ LONDON, May 10- Crude futures on both sides of the Atlantic lost ground on Friday as rising fuel supplies and a stronger dollar put oil under pressure. By 12:39 p.m. EDT, Brent futures were $1.81 lower at $102.66 a barrel, after falling as to a low of $101.56.
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*Raises demand for OPEC crude forecast by 90,000 bpd. *OPEC sees downside risk to 2013 oil demand growth. LONDON, May 10- OPEC will need to pump slightly more oil than it thought in 2013 and expects global consumption to be much higher in the rest of the year, signs of a stronger market that argue against any calls for supply restraint when the group meets on May 31.
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LONDON, May 10- OPEC will need to pump more oil than previously thought to balance the market in 2013 and expects global consumption to be much higher in the rest of the year, the group said in a report ahead of its meeting to set policy on May 31.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders appear more enamored with stocks than commodities, she says. Record crude supplies are pressuring prices downward. And gold is still under pressure.
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CNBC's Courtney Reagan discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.