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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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LONDON, April 30- OPEC crude oil output has rebounded in April from its lowest monthly level in more than a year due to the resolution of export disruptions in Iraq and Libya and a rise in Iranian sales, a Reuters survey found.
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*OPEC supply rises in April, pressures prices. A survey showing a rebound in supply from OPEC producers in April further pressuring prices a day after they had rallied up to $104. Brent fell $1.56 to $102.25 a barrel by 12:17 p.m. EDT.
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*OPEC supply rises in April, pressures prices. A survey showing a rebound in supply from OPEC producers in April further pressuring prices a day after they had rallied up to $104. Brent fell $1.56 to $102.25 a barrel by 12:17 p.m. EDT.
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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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CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.
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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Gold makes a big move and oil is up on the day.
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CNBC's Sharon Epperson looks at the latest report on US gasoline supplies from the Energy Department and the impact it could have on oil and gasoline prices in the days ahead.
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SINGAPORE, April 24- Brent crude held above $100 a barrel on Wednesday, supported by fears that OPEC could cut oil supply if prices fall more, although data from major economies pointing to slower growth and fuel demand capped gains.
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SINGAPORE, April 24- Brent crude stayed above $100 a barrel on Wednesday, supported by fears that OPEC could cut oil supply if prices fall more, although data from major economies pointing to slower growth and fuel demand capped gains.
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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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CARACAS, April 22- Venezuela's designation of central bank President Nelson Merentes as finance minister signals the OPEC nation may be headed toward a more pragmatic approach to rising inflation and slowing growth.
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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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CARACAS, April 22- Venezuela's designation of central bank President as Nelson Merentes as finance minister signals the OPEC nation may be headed toward a more pragmatic approach to rising inflation and slowing growth.
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DUBAI, April 22- OPEC heavyweight Saudi Arabia is expected to keep oil output steady throughout the second quarter as more high pace demand in Asia, its biggest oil export market, has yet to materialise. With Europe mired in debt and the United States using more of its own oil, Asia is the primary target for producers in the Gulf Cooperation Council.
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TRIPOLI, April 22- Libya will seek to increase its oil output quota in the Organization of the Petroleum Exporting Countries, Oil Minister Abdelbari al-Arusi said on Monday. But with production rising in Libya and Iraq the issue of quotas may need to be addressed at some stage.
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April 19- Standard& Poor's on Friday revised down its sovereign credit outlook on Venezuela to negative from stable, citing the close presidential election, questions about the vote's legitimacy and the increase in political uncertainty. The current B-plus rating of the OPEC- member nation of 29 million people was affirmed, S&P said in a statement.
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*OPEC mulls extraordinary meeting on price drop- Venezuela oil min. SINGAPORE, April 19- Brent crude climbed toward $100 a barrel on Friday, stretching its gains into a second straight session after a steep 6- day fall, although worries about higher crude output in the United States and lower global demand kept a lid on prices.
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SINGAPORE, April 19- U.S. crude futures extended gains for a second day on Friday on bargain-hunting, while talk that OPEC could hold an emergency meeting to tackle the recent sharp price falls supported oil.
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*Venezuela says OPEC discussing meeting to stop falling prices. NEW YORK, April 18- Brent crude oil rose more than $1 a barrel back toward $100 a barrel on Thursday, snapping a six-day losing streak as low prices sparked buying by bargain hunters.
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*Crude prices up nearly $2 in post-settlement trading. *Venezuela says OPEC discussing meeting to stop falling prices. Brent crude fell below $100 a barrel on Tuesday, prompting rumblings from Iran and Venezuela, the price hawks in the Organization of the Petroleum Exporting Countries.