Oil prices bounced from three-week lows on Tuesday, but U.S. and international benchmarks remained on course for a month of losses.» Read More
As oil is rebounding off session lows, CNBC's Jackie DeAngelis reports the national average for gasoline is $2.60.
Former Energy Secretary Bill Richardson also tells CNBC the United States should lift the ban on exporting American oil and natural gas.
Stocks gave up sizeable gains on Thursday after oil reversed course and fell below $60 per barrel.
Weak demand and oversupply in oil markets raise the risk of global social instability, the International Energy Agency has warned.
The massive options bet that oil will decline as much as 7 percent by April.
Despite drops in the price of oil, Mexico's finance minister, Luis Videgaray, said his country's revenues are protected.
The declining price in oil is certainly having an effect and it is "common sense" for lower oil prices to filter down to the consumer says Martin Leclerc, chief investment officer and portfolio manager at Barrack Yard Advisors.
Plummeting oil prices could have big impacts beyond energy-producing regions, Mayflower Advisors managing partner Larry Glazer said.
For most of the world, the tailwind of lower oil prices helps push the pace of growth. But not for everybody.
There have been many reasons tossed around for falling oil prices but here's an important one that isn't being talked about much, says Jack Ablin.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil bounced around before it fell below $60 near the close. There's simply too much oil on the market and too little demand. And OPEC isn't going to cut production any time soon.
Oil has spooked investors, a pro said: "With everything in energy and the oil price collapsing as it is, who is going to step in and be a buyer now?"
Norway's central bank cut interest rates to prop up an economy ailing from falling offshore investments, lower oil prices and weak growth in Europe.
John De Clue, Chief Investment Officer, The Private Client Reserve at the U.S. Bank Wealth Management, outlines factors that will serve as "powerful underpinnings" for Wall Street next year.
US crude settled down 99 cents, or 1.6 percent lower, at $59.95 per barrel, its lowest close since July 14, 2009.
The price of oil will normalize around $60 as China's economy cools down to digest overinvestment, economist Andy Xie said.
It's not a flock of black swans that Laszlo Birinyi foresees, as he expects stocks to digest the oil decline and move higher.
Oil at $60 will mean restructuring for some U.S. shale producers, a Deutsche Bank analyst said. But will it become a bigger problem?
As 2014's trading days dwindle, some traders are turning toward small cap stocks in hopes of boosting their portfolio returns.
Lower oil prices will be a net positive for S&P earnings, and the energy sector could do well in 2015, Tom Lee said.