The lows in oil will likely be coming in September or October, and then there will be a different dynamic, John Hofmeister said.» Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week.
Will the rally fade? Helima Croft, RBC Capital Markets, analyzes the movement in oil and predicts where oil will be at the end of the year.
NEW YORK— Oil prices surged again Friday, a day after recording their biggest gain in more than six years. U.S. crude rose 6.3 percent to finish at $45.22 per barrel after climbing 10.3 percent on Thursday. The price of U.S. oil averaged more than $90 a barrel from 2011 through 2014. On Monday, U.S. crude closed below $40 a barrel for the first time since February 2009.
CNBC's Jackie DeAngelis reports on the oil market continuing its upward trajectory.
*Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude jumped as much as 7 percent on Friday as a rally in gasoline prices from refinery outages and concern about strife in Yemen prompted traders to scramble for a second day to cover short positions. U.S. crude's front-month was up $2.25, or 5.3 percent, at $44.81 a barrel by 1:46 p.m....
CNBC's Jackie DeAngelis reports on factors moving the price of oil higher.
Fredrik Nerbrand, head of global asset allocation at HSBC, discusses stock markets and oil's rally.
As oil slumps back into the red, after a 10 percent surge on Thursday, analysts suggest this isn't the time to get positive on the sector.
CNBC's Jackie DeAngelis reports traders are watching the rig count as WTI and Brent prices appear to move along with equities.
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...
CNBC's Dominic Chu tracks the markets extraordinary moves this week as oil prices rally and the Dow and Nasdaq close out of correction.
We haven't seen all of the downside yet, says Kevin Book, Clearview Energy Partners, weighing in on crude's rebound and providing his outlook on oil.
Anthony Chan, Chase chief economist, and Jason Trennert, Strategas Research, provide their thoughts on the impact of rising oil prices on equities. Also Chan shares his outlook on China.
David Owen, chief European economist at Jefferies International, talks about the current volatility in oil.
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 closed higher 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...