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Energy Commodities Oil

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  • *Brent fell below $50 on Monday for 1st time since January. LONDON, Aug 4- Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed on the outlook. By 0849 GMT, Brent crude was up 57 cents at $50.09 and U.S. crude gained 61 cents to...

  • *Brent oil stabilises at just under $50 a barrel after 5 pct drop. *China stocks bounce 3 pct, copper and other commodities firmer. LONDON, Aug 4- Oil prices steadied at $50 a barrel after a 5 percent drop and badly bruised commodity and Chinese markets were calmer generally on Tuesday, as investors attempted to shake off the recent turbulence.

  • LONDON, Aug 4- Major currencies closely linked to commodities prices recovered some ground on Tuesday after a rough few weeks, as oil prices steadied and Australia's central bank changed its tone. The New Zealand dollar, which often tracks the Aussie, gained around half a percent, while the Canadian dollar, helped by a steadying of prices for Brent and U.S. crude,...

  • Mobius: Oil prices are purely sentiment driven

    Mark Mobius, executive chairman at Templeton Emerging Markets Group, says the tumble in oil prices is "purely sentimental and has no real relationship to long-term supply and demand."

  • Are US auto sales peaking soon? Not at all: Pro

    Richard Hilgert, senior equity analyst at Morningstar, explains why he doesn't agree that auto sales in the U.S. are nearing saturation point.

  • SINGAPORE, Aug 4- Oil prices edged up in early Asian trading on Tuesday following a sharp 5 percent drop in the previous session, as high global production and a weakening economic outlook, especially in Asia, prompted analysts to warn of further falls. Although prices rose on Tuesday, with Brent 28 cents higher at $49.80 a barrel by 0336 GMT and U.S. crude up 35 cents...

  • How Malaysia will benefit from political scandal

    While Malaysia's political scandal may hurt the country in the near term, it will increase government transparency in the long run, says Mark Mobius, executive chairman at Templeton Emerging Markets Group.

  • An oil-drilling rig operates on Sept. 26, 2014 near Walle, Germany.

    Oil edged up following a 5 percent drop in the previous session, as high global production prompted analysts to warn of further falls.

  • SINGAPORE, Aug 4- Oil prices edged up in early Asian trading on Tuesday following a 5 percent fall in the previous session, as high global production and a weakening economic outlook, especially in Asia, prompted analysts to warn of further falls. Oil output by the Organization of the Petroleum Exporting Countries reached the highest monthly level in recent...

  • SEOUL, Aug 4- U.S. crude futures edged higher in early Asia trade on Tuesday, after falling 4 percent in the previous session to their lowest since January as weak factory activity in China deepened a commodity-wide selloff. On Monday the contract settled down $1.95, or 4.1 percent, at $45.17, about $3 above its 2015 bottom with growing concerns over excess global...

  • US auto sales had a 'fantastic July': Expert

    John Humphrey, senior vice president of global automotive operations at J.D. Power and Associates, attributes the upbeat sales figures to factors such as cheaper gasoline and low interest rates.

  • 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...

  • Commodities tomorrow: Oil down 4%

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Emissions rise from stacks the Duke Energy Corp. Gibson Station power plant at dusk in Owensville, Ind.

    The rules would significantly cut climate-changing emissions from U.S. power plants and make the nation's utilities more environmentally friendly.

  • A Chevron petroleum storage tank is seen at Port Everglades in Fort Lauderdale, Florida.

    Chevron and Exxon both posted dismal profit amid falling oil prices, but an analyst sees the stocks going in different directions.

  • *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...

  • President Barack Obama delivers remarks on the Clean Power Plan at the White House in Washington August 3, 2015.

    President Obama unveiled his plan to tackle climate change by reducing greenhouse gas emissions.