US crude futures closed up $1.01, at $51.53 a barrel, with their discount to Brent narrowing to less than $10 a barrel, after the announcement.» Read More
Andy Xie, Independent Economist, says Beijing must rely on fiscal measures instead of monetary policy to stimulate the economy.
Deyi Tan, Executive Director at Morgan Stanley Research, says the hike in fuel prices will lead to higher consumer price inflation in November but warns that investors shouldn't worry too much.
Given the rate and speed in which oil has been falling, prices could sink to $40 per barrel, says Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities.
Germany's biggest utility E.ON announced plans on Sunday to split in two and spin off most of its power generation, energy trading and upstream businesses.
US crude prices plunged on OPEC's decision to not cut output, but there could be more losses when markets return to full strength next week.
The decision by the OPEC to keep production at current levels in spite of falling oil prices means trouble for the Russian economy, analysts warn.
Oil prices, oil-related shares, and oil-linked currencies all tumbled on Friday in the wake of OPEC's decision to refrain from cutting output.
OPEC's contentious decision to keep its production target could trigger a wave of debt defaults by U.S. shale oil producers, warn analysts.
Airline stocks traded higher prior to the opening bell, benefiting from a sharp drop in oil prices.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, explains why he sees further declines in oil prices next year.
Russia's most powerful oil official said in an interview with an Austrian newspaper that oil prices could fall below $60 by mid-way through next year.
Richard Martin, Managing Director at IMA Asia, says U.S. oil can drop sink below $60 in the near-term. In Asia, prices are dependent on China, he warns.
Mohshin Aziz, Aviation Analyst at Maybank Investment Bank, explains why certain airlines will benefit more than others, such as Cathay Pacific, Singapore Airlines and Thai Airways.
Martin Cooper, CEO of Norwegian-based REC Solar, discusses the firm's $640 million acquisition by China National Bluestar.
Jigar Shah, CEO at Maybank Kim Eng Securities India, says low energy prices are positive for markets given their impact on inflation.
Alvin Liew, Senior Economist at UOB, says lower prices can help Japan reduce its trade deficit in the energy and produce sectors.
William Ma, Deputy CIO at Gottex Penjing Asset Management, says the firm may allocate more funds to oil importing countries like India as a result of sinking oil prices.
Dominic Bunning, FX Strategist at HSBC, says the Canadian dollar is likely to fall against the dollar. He also recommend going short on the Malaysian ringgit and going long on the rupee.
Taimur Baig, Chief Economist for Asia at Deutsche Bank, warns countries like Australia and Malaysia rely on commodity exports and could be hurt from lower oil prices.
David Hewitt, Co-head of Global Oil & Gas Equity Research at Credit Suisse, says OPEC is facing an economic conflict with U.S. shale producers.