CNBC's Dominic Chu tracks the markets extraordinary moves this week as oil prices rally and the Dow and Nasdaq close out of correction.» Read More
LONDON, Aug 28- Front-month Brent crude futures surged more than 10 percent higher yesterday, one of the largest daily percentage movements on record, as traders raced to cover short positions. U.S. crude futures rose almost as much, with the October contract ending the day up by more than 9 percent. Since mid-June, hedge funds have accumulated one of the biggest...
Patrick Pouyanne, CEO of Total, says Total is resilient with the oil price environment, and remains confident in its performance.
LONDON, Aug 28- German bond yields wavered on Friday, with investors waiting for data that could demonstrate the drag of low commodity prices on inflation and reluctant to get overly excited about a 10 percent surge in oil. The bloc's powerhouse economy Germany will publish inflation data for August at 1200 GMT, with readings from various regions during the...
SEOUL, Aug 28- Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. October Brent crude was up 69 cents at $48.25 per barrel as of 0615 GMT. U.S. crude was 65 cents higher at $43.21 per barrel, after ending up $3.96 at $42.56 per barrel.
SEOUL, Aug 28- Crude oil futures rose on Friday in Asian trading, adding to their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies. Front-month October Brent crude was up 44 cents, or nearly 1 percent, at $48 per barrel as of 0140 GMT, after trading sideways earlier. U.S. crude was 80 cents, or...
Oil prices stabilized on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets.
SEOUL, Aug 28- Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies. Front-month October Brent crude had dipped 20 cents to $47.36 per barrel as of 0046 GMT. U.S. crude edged down 3 cents to $42.53 per barrel, after ending up...
SEOUL, Aug 28- U.S. crude futures held around $42.50 a barrel on Friday after oil posted its biggest one-day rally in over six years in the previous session, led by recovering equity markets and news of diminished crude supplies. *U.S. crude lost 5 cents at $42.51 per barrel as of 0002 GMT after it settled up $3.96, or 10.3 percent, at $42.56 per barrel, its biggest one-day...
CNBC's Jackie DeAngelis reports on the closing price for crude.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngelis reports that oil rallied big today.
CRUDE FUTURES EXTEND GAINS, UP 10 PERCENT ON DAY AT $42.46/ BBL.
Fluctuations in the price of oil are uniquely felt in West Texas, where life and the economy revolve around black gold.
With oil prices surging after the global market turmoil of "Black Monday," could investors regain their faith in commodities?
CNBC's Jackie DeAngelis reports the latest natural gas supply numbers.
*Global stock markets rise as China shares recover. *Outlook uncertain on supply glut and China fears. *Standard Chartered slashes crude price forecasts.
Nicholas Colas, chief market strategist at Convergex, gives the rundown ahead of the U.S. open on August 27th 2015.
*Global stock markets rise on Asia, Wall Street rally. *Standard Chartered cuts crude price forecasts sharply. However, do not be wrong footed by a correction higher, " PVM Oil Associates technical analyst Robin Bieber said.
*Global stock markets rise on Asia, Wall Street rally. LONDON, Aug 27- Oil prices rose more than $1 a barrel on Thursday after a rally in equity markets and an unexpected fall in U.S. crude inventories, but worries over the health of the Chinese economy and a global oil glut kept the outlook uncertain. Front-month Brent, the global oil benchmark, was up $1.50 at $44.64 a...
Ole Hansen, head of commodity strategy at Saxo Bank, outlines the conditions that could push crude prices up a further 10 percent.