U.S. crude on Tuesday rose to a five-month high above $61 per barrel.» Read More
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.
Andrew Cowen, Deputy CEO at Hong Kong Express, says oil makes up about 45 percent of costs so the commodity's recent decline translates into higher profits ahead.
Peter Harbison, Executive Chairman at CAPA - Center for Aviation, describes how the massive fall in fuel prices will likely result in higher revenues for airlines.
Philippe Gudin De Vallerin, Chief European Economist at Barclays, says Europe needs better integration of fiscal policies and a better political union.
Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.
Kerry Series, Founder and CIO, Eight Investment Partners, says recent declines in oil prices are stimulatory for the global economy.
Paul Gruenwald, Chief Economist for Asia Pacific at S&P's Ratings Services, discusses whether the recent decline in oil prices is structural and explains Asia's main challenges next year.
David Lennox, Resources Analyst at Fat Prophets, says the next few OPEC output reports may show a different story to rhetoric at Thursday's meeting. Richard Martin of IMA Asia joins in the discussion.
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