CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude actually ended slightly higher on the day. There was a little bit of buying going into the Fed meeting, traders said.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another volatile day for crude, which closed up 2 cents on the day.
Victor Shum, Vice President at IHS Energy Insight, says chances of a U.S. production cut are higher than an OPEC response, which will be the catalyst for a recovery in oil prices.
John Kingston, Global Director Of News at Platts, expects energy prices to see short-lived downward spikes to $20-30 a barrel on persisting market imbalances.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another volatile day for crude as WTI and Brent were both down on the day.
Andrew Su, CEO at Compass Global Markets, says oil prices could continue to tank and hit $52 a barrel soon. He later discusses how the FOMC meeting could impact commodity prices.
Manpreet Gill, Senior Investment Strategist at Standard Chartered, says falling commodity prices pose as a "cyclical challenge" for Australia.
Martin Lakos, Division Director at Macquarie Private Wealth, discusses whether the siege in Sydney could bring about negative ramifications on Australia's stock market.
John Woods, MD, Head of Fixed Income & Senior Portfolio Manager at Citi Investment Management, explains why markets are worried about the slump in energy prices.
Unless OPEC meets and adheres to new production levels, oil will see more downward pressure in 2015, says Scott Darling, Head of Oil & Gas Research at JPMorgan.
Barry Dawes, Head of Resources at Paradigm Securities, explains his optimism for a rebound in energy prices, but warns that crude oil could fall to near $50 a barrel in the short term.
Johannes Benigni, Founder and Managing Director at JBC Energy, says the extent of oil's slump will depend on the "cash cost" of producers.
Richard Jerram, Chief Economist at the Bank of Singapore, says falling oil prices reduced inflationary pressures, which in turn negate the need of monetary tightening across Southeast Asia.
Based on previous incidences when oil dipped to $40 a barrel in 2009, the ongoing rout in prices could continue, says Jodie Gunzberg, Global Head of Commodities at S&P Dow Jones Indices.
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.
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.
Vandana Hari, Asia Editorial Director at Platts, weighs the factors that could put a bottom to the recent slump in oil prices. She later explains why the short selling of oil isn't over yet.
While downward pressure will continue to weigh on oil in the near future, prices are unlikely to go below $43 a barrel, says Matt Smith, Commodity Analyst at Schneider Electric.
Michael Jones, Chairman and CIO at Riverfront Investment Group, calls the recent slump in oil prices as "a supply-driven collapse," which has been proven to benefit the global economy.
Vadim Zlotnikov, Chief Market Strategist and Co-Head of Multi-asset Solutions at AllianceBernstein, recommends investing in a basket of U.S. exploration and production (E&P) producers towards year-end.