Brent crude held above $102, but prices were heading for a loss as ample supply and softening demand in Europe and China outweighed concerns.» Read More
Even though Sunday's nuclear deal will free up billions in frozen assets, it will not do much to bolster Iran's economy.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. There's was a mixed trade for oil today, but a bullish day for nat gas, as the drawdown was bigger than expected. Oil hit a 5-month low after a bigger-than-expected build.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Traders are looking ahead to inventory numbers after the deal with Iran. They expect a build of about 800,000 barrels, she says.
Brent futures held above $111 a barrel on Thursday on worries that supply from OPEC member Libya will continue to be disrupted as winter oil demand increases, but a bigger-than-expected rise in US crude stocks kept the gains in check.
The price of oil dipped ahead of a U.S. supply report that is expected to show an improvement in demand.
Steve Wang, Research Director and Chief China Economist at Reorient Financial Markets tells CNBC's Cash Flow how to trade the new carbon markets in Shanghai and Beijing.
U.S. crude fell by nearly $2 on Wednesday as a higher-than-expected build in inventories weighed down prices,
The Iran deal is "very much a first step" in solving the nuclear standoff between the Middle Eastern country and western powers, says Richard Mallinson of Energy Aspects.
The accord between Iran and the West will do little, if anything at all, to push down retail gasoline prices.
Benchmark Brent crude prices may target $105 a barrel this week after Iran and major western powers struck an initial agreement on Sunday.
A breakthrough nuclear deal signed between Iran and six other world powers has the potential to remove the "Middle East premium" from oil prices.
How investors can look at the Iranian deal, as well as the impact of inflation on commodity prices, with former Federal Reserve Governor Kevin Warsh, Hoover Institution.
Charles Yonts, Head of Sustainable Research at CLSA says the carbon scheme is a way for Beijing to consolidate industrial firms and close down inefficient steel mills.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. There was a muted reaction to the deal with Iran in the markets, she says. Still, gas prices could fall, depending on the situation at U.S refineries.
Nigeria must work faster to reduce its dependence on oil for its economic growth, the country's finance minister told CNBC.
Harry Tchilinguirian, head of oil research at BNP Paribas, says the interim Iran nuclear deal is "much ado about nothing" and oil prices will still rise.
Tesla's Model S, the focus of a Federal investigation, has topped the latest owner satisfaction survey from Consumer Reports.
Oil was mixed following the breakthrough deal with Iran that led to expectations for an eventual increase in the nation's exports.
Famed short-seller Jim Chanos says he's bearish on coal and oil which he said are seeing a "dropping return on capital" that "is really ominous."
The nuclear deal will not allow any more Iranian oil into the market, or let western energy investors into the country.
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