Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.
Leaders of the Group of Eight meet in Italy next week to discuss the economic crisis, protectionism, Iran, aid for Africa and climate change. "Many of the leaders have said it really is too small a group, at this point, to deal with the nature of the problems," Tim Condon from ING Financial Markets said.
"What we have to bear in mind is oil's not necessarily being priced for today's conditions. It's being priced 6 to 9 to 12 months ahead," Simon Wardell from IHS Global Insight said. "But even if you're looking ahead 6 to 9 to 12 months, the price looks rather high."
At viewers' requests, Ray Barros, CEO of Ray Barros Trading Group charts spot gold for the short and medium term, the euro-dollar cross and Nymex light, sweet crude.
Russia is not just about oil, the country also has strong domestic demand growth, says Tanya Landwehr, MD at KITS Fortis Investments. She makes her case for investing in Russia, with CNBC's Sri Jegarajah .
Investors are positioning themselves for medium-term inflation, observes Brice Benaben, global head of inflation trading at Deutsche Bank. He shares his outlook with Kirby Daley, senior strategist at Newedge Group and CNBC's Martin Soong.