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  • NEW YORK/ LONDON, Aug 3- A key global commodities price benchmark sank to 12- year lows on Monday as copper and sugar prices hit fresh multi-year lows and oil fell below $50 for the first time in six months, as fears about a hard economic landing in China and global glut deepened. "Weak Chinese data and Iranian braggadocio about 500,000 additional barrels on the...

  • *Tyson Foods falls after profit forecast cut. Aug 3- Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.

  • *Commodity markets battered by weak China data; CRB at 12- yr low. NEW YORK, Aug 3- Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout. U.S. crude had already fallen 21 percent in July, its worst month since 2008 amid mounting...

  • *Tyson Foods falls after profit forecast cut. Aug 3- U.S. stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.

  • NEW YORK, Aug 3- Oil futures prices sank to a six-month low on Monday, weighed by oversupply and weaker demand expectations, while equity markets in Asia and on Wall Street fell as factory data from China and the United States disappointed. Brent slumped to its lowest since late January on worries about oversupply as OPEC pumped at record levels in July, adding to...

  • Benchmark U.S. crude fell $1.95, or 4.1 percent, to close at $45.17 a barrel in New York. U.S. crude has been declining since reaching a high this year of $61.43 a barrel on June 10. Brent crude, a benchmark for international oils used by many U.S. refineries, was declined $2.69, or 5.2 percent, to $49.52 a barrel in London.

  • Big bet on Schlumberger

    Margaret Vitrano, ClearBridge Investments, says Schlumberger is a quality company to own.

  • Best bets as oil sells off

    Discussing defensive plays in the energy market, with Stewart Glickman, S&P Equity Research oil analyst & senior associate.

  • Crude oil tanking 7 Hours Ago
    Crude oil tanking

    CNBC's Jackie DeAngelis explains global factors pressuring the price of oil.

  • The "Halftime Report" traders discuss the markets at session lows as the second half of the trading day kicked off.

  • Oil bear predicts another 10% pullback

    What people have to look at is supply, says Tom Kloza, Oil Price Information Service, sharing his outlook on crude as oil hits a 6-month low.

  • *Oversupply worries, weak US, China data hurt market. NEW YORK, Aug 3- Oil sank to six-month lows on Monday with Brent crude falling below $50 a barrel on sluggish U.S. and Chinese economic data and bets for weaker gasoline consumption in the United States after tearaway demand earlier in the summer. Evidence of growing global oversupply and a stock market collapse...

  • Pollution power plant

    President Obama is mandating even steeper greenhouse gas cuts from U.S. power plants than expected, here are the winners and losers.

  • A power station of Puerto Rico Electric Power Authority, in San Juan.

    Puerto Rico, already hobbled by debt, is weighed down by outdated infrastructure that has increased the cost of doing business on the island.

  • *Tyson Foods falls after profit forecast cut. Aug 3- Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed U.S. economy lost some momentum at the end of the second quarter. Energy stocks were the biggest losers among the main S&P sectors, with Exxon Mobil and Chevron leading the losers.

  • LONDON, Aug 3- Commodities prices slumped again on Monday with some hitting multi-year lows on worries about a glut of supply facing weak demand in China, after factory activity in the world's top consumer of raw materials shrank more than expected last month. On the energy markets, Brent crude oil touched a low of $50.85 a barrel, its weakest since Jan. 30, after...

  • Ray Gerish, a floor hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation on July 28, 2013 outside Watford City, North Dakota.

    WTI and Brent closed in on their lowest price levels for the year with analysts highlighting a raft of reasons for the fall.

  • What's weighing on oil?

    Miswin Mahesh, oil analyst at Barclays, explains why the oil price will be a "catalyst" to tighten market balances in 2016.

  • With most commodities priced in U.S. dollars, the strength of the greenback, and the slowdown in China is leading a rout in commodity markets. "If Saudi Arabia and Iraq keep running full tilt and Libya and Iran get their oil production back on track, crude prices could languish below $60 for the next three years," said Morgan Stanley analyst, Martijn Rats in a research...

  • Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

    Oil fell to its lowest in six months, knocked by fresh evidence of growing oversupply and data highlighting slowing demand in China.