*Crude futures add to Wednesday's gains on OPEC deal. NEW YORK, Sept 29- Crude oil futures rose on Thursday, adding to the previous session's rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said trading clients have withdrawn excess cash and positions held in the largest German lender.
*Crude futures add to Wednesday's gains on OPEC deal. NEW YORK, Sept 29- Crude oil futures on Thursday added to the previous session's rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said clients have withdrawn excess cash and positions held in the largest German lender. The Organization of the Petroleum...
OPEC's plan to limit oil output could boost crude prices next year and help energy companies return to earnings growth, Doug Terreson said.
CNBC's Jackie DeAngelis reports on the close of the oil markets.
Helima Croft, RBC Capital Markets Global Head of Commodity Strategy, and Fadel Gheit, Oppenheimer & Co. Senior Energy Analyst, discuss the OPEC agreement and whether it will actually materialize.
Doug Terreson, Evercore ISI head of energy research and managing director, discusses OPEC's reported agreement to limit production in November, the effect it has on the oil market and his stock picks. The “Fast Money Halftime Report” traders weigh in.
*Oil company shares add to gains after OPEC deal. NEW YORK, Sept 29- Energy shares buoyed global stocks on Thursday as crude prices added to the previous session's gains on optimism over a plan among OPEC members to curb output. The expected agreement lifted the currencies of crude-producing countries like Norway and Canada overnight while the safe-haven...
OPEC's promised deal will probably prop up oil prices, but it may also jump-start more U.S. shale drilling.
*Prices up 8 pct since news of OPEC cuts; WTI at month-high. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details of the plan will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.
One day after OPEC agreed to curb production for the first time since 2008, energy analysts are questioning the meaning of the pact.
CNBC PRO used hedge fund analytics tool Kensho to find which stocks performed the best and worst when crude climbed $10.
CRUDE UP BY $1 AT $48.07 A BARREL, THE HIGHEST IN ONE MONTH.
I think this is an agreement to agree but questions remain, says Dan Yergin, IHS Markit vice chair, sharing his thoughts on OPEC's deal to limit oil production.
The firm says the OPEC production cut deal doesn't change its supply outlook much.
OPEC agreed on modest oil output cuts, with Saudi Arabia softening its stance on Iran amid mounting pressure from low oil prices.
*OPEC producers agree output targets for first time in 8 years. *OPEC output cut would do little to reduce oversupply- analysts. LONDON, Sept 29- Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb production- the group's first such deal since 2008- would be enough to rebalance a heavily over-supplied market.
Saudi Arabia blinked, they thought they could wait everybody out, says John Kilduff, Again Capital Partner, sharing his thoughts on OPEC finally reaching a deal to limit output levels.
Art Hogan, Wunderlich Securities, provides positive aspects of OPEC's oil production deal and where to find investment opportunities in the aftermath. Also Hogan weighs in on how John Stumpf's testimony could impact Wells Fargo and the banking sector.
Richard Mallinson, Energy Aspects, shares perspective on what a deal between OPEC members means for oil prices.
Anthony Doyle, investment director at M&G Fixed Interest, discusses potential policy moves from the European Central Bank in the coming months.