Sabine Schels, senior director and global commodity strategist at BofA Merrill Lynch Global Research, told CNBC that a combination of low inventories and continued liquidity provisions from central banks were keeping oil prices high despite low growth in Europe.
Roelof van den Akker, CEO of ING Wholesale Banking, joined CNBC for a technical look at the crude oil market, the euro/dollar exchange rate and the S&P 500.
Commodities are soaring in the month of October. Discussing where and how to invest, with Bill O'Neill, Logic Advisors, Lincoln Ellis, Linn Group and CNBC's Sue Herera.
Chevron reported earnings more than doubled in the third quarter due to higher oil prices since the decline in oil production. Pavel Molchanov, Raymond James energy analyst weighs in.