Oil futures fell as worries over the Greek debt crisis and China's stock market turmoil outweighed an expected US inventory drop.» Read More
Alejandro Barbajosa, Vice President for Crude Middle East & Asia-Pacific at Argus Media, says an agreement to reduce production to 29 million barrels per day would be a strong signal.
Don Luskin, Chief Investment Officer at Trend Macro, says technological abundance is collapsing prices in the energy sector, which is hurting major cartels like OPEC.
Oil could drop to $35 a barrel if OPEC does not reach an agreement by next spring, when supply will dwarf demand, oil price tracker Tom Kloza says.
Dennis Gartman, Founder, Editor & Publisher of The Gartman Letter, says OPEC won't reduce output since members need high levels of cash flow in order to fulfill promises to citizens.
Oil futures sank to a fresh four-year low overnight as ministers from the Organization of the Petroleum Exporting Countries are set to meet Thursday.
The idea that the cartel is worried about market share is misleading, says Daniel Hynes, Senior Commodity Strategist at ANZ.
The minister said he is confident the group will reach a unified decision, and that the meeting will last only one day.
Tony Nash, Vice President at Delta Economics, says commodity deflation in countries like Germany and China is worrying.
Chatib Basri, former Finance Minister of Indonesia, and David Fernandez, Head of FICC Research for Asia-Pacific at Barclays, discuss Indonesia's economy.
As oil prices continue to fall, Wall Street is waiting to see if OPEC cuts oil production
Tim Condon, Head of Research for Asia at ING Financial Markets, says the lower oil prices are giving governments opportunities to do pro-market reforms in countries like Malaysia and Indonesia.
Over the next 25 years, the U.S. will become a global energy powerhouse. That shift will reshape geopolitical power.
Brent crude oil traded near a barrel after Saudi Arabia signaled it was unlikely to push for big change in oil output.
David Dietze, President & Chief Investment Strategist, outlines which sectors are best positioned to take advantage of lower oil prices.
All eyes are on OPEC this week to see if it will cut supply. However, one market pro thinks the organization is becoming irrelevant.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. OPEC will announce a possible production cut tomorrow.
Stephen Schork, Editor of the The Schork Report, explains why the oil-rich kingdom is unlikely to go along with Iran's demands for a cut in crude output.
Chad Mabry, Analyst, Energy & Natural Resources at MLV & Co, is expecting OPEC to cut output to 29.5 million barrels a day from 30 million barrels currently.
Saudi Arabia will push other OPEC members to cut production by up to 1.5 million barrels a day to help re-balance the market, experts tell CNBC.
Matt Smith, Commodity Analyst at Schneider Electric, explains why Saudi Arabia is so reluctant to reduce output and warns that investors shouldn't expect too much progress from the meeting.