The Futures Now team discusses what is weighing down crude and where they see the commodity heading from here.
Nigerian billionaire Aliko Dangote told CNBC that a wave of asset selling by the government could be the best way to boost Nigeria's recession-hit economy.
*Iran oil exports close to pre-sanctions level- source. Gasoline was the only bright spot on the petroleum complex, rising more than 2 percent on news of an extended outage at one of the main units of BP's refinery in Whiting and closure of Colonial Pipeline's main gasoline line. Brent crude futures were down 50 cents, or 1 percent, at $46.09 a barrel by 11:24 a.m. EDT.
The U.K.'s green light to construct a nuclear power plant has positive repercussions industry wide, according to one CEO.
Twitter, ExxonMobil and Apple are making headlines on Wall Street this Friday morning to wrap up the trading week.
New York Attorney General Eric Schneiderman launches an investigation into why the oil giant declined to write down the value of its assets.
*Iran oil exports close to pre-sanctions level- source. LONDON, Sept 16- Oil prices fell to multi-week lows on Friday as rising Iranian exports and returning supplies from Libya and Nigeria fueled concerns that a global glut would persist. West Texas Intermediate futures slipped to a five-week low of $42.83 a barrel at 1305 GMT, down $1.08 or 2.4 percent.
AND BRENT CRUDE DOWN BY $1 A BARREL EACH.
CRUDE HITS LOWEST SINCE AUG. 11, BRENT CRUDE HITS TWO-WEEK LOW.
Walt Doyle, GasBuddy CEO, discusses how his company aims to help travelers find cheap gas, clean bathrooms and a good cup of coffee.
The New York attorney general is investigating why ExxonMobil has declined to write down the value of its assets despite the oil price rout.
LONDON, Sept 16- Oil prices fell more than 1 percent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fuelled concerns that the global glut will persist. Benchmark Brent crude futures fell below the $46- a-barrel mark, trading down 1.4 percent at $45.95 a barrel, down 64 cents day on day, at 0825 GMT.
Kirill Komarov, first deputy CEO at Russian state nuclear energy firm Rosatom, discusses the recent Hinkley Point deal, as well as nuclear energy strategy in China and Russia.
Brent crude futures were trading at $46.20 per barrel at 0643 GMT, down 39 cents, or 0.8 percent, from their last settlement. Returning supply from Libya and Nigeria will hamper a rebalancing of the global crude market, weighing on sentiment, traders said. Libya is resuming oil exports from some of its main ports which forces loyal to eastern commander Khalifa...
Oil prices fell on worries that U.S. rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut.
Brent crude futures were trading at $46.32 per barrel at 0107 GMT, down 27 cents, or 0.6 percent, from their last settlement. Returning supply from Libya and Nigeria will hamper a rebalancing of the global crude market, weighing on sentiment, traders said. Libya is resuming oil exports from some of its main ports which forces loyal to eastern commander Khalifa...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
NEW YORK, Sept 15- Oil prices rose about 1 percent or more on Thursday after tracking a rally in gasoline futures sparked by a delayed restart of the main gasoline line at Colonial Pipeline, the No. 1 carrier for the motor fuel in the United States. Brent crude futures settled up 74 cents, or 1.6 percent, at $46.59 a barrel, after a session high at $47.
*Returning Nigeria, Libya supplies could cut short rally. NEW YORK, Sept 15- Oil prices rose about 2 percent on Thursday, ending a two-day slide as prices tracked a surge in gasoline futures and higher U.S. equity markets. Brent crude futures were up $1.15, or 2.5 percent, to reach a session high of $47 per barrel by 12:22 p.m. EDT.
OIL PRICES EXTEND GAINS, BRENT CRUDE UP BY $1 TO SESSION HIGH OF $46.88 A BARREL.