GO
Loading...

Enter multiple symbols separated by commas

Energy Commodities Oil

More

  • Centrica, oil stocks lead European shares lower Thursday, 19 Feb 2015 | 4:37 AM ET

    *Centrica falls 7.9 pct as oil slump prompts writedowns. LONDON, Feb 19- European stocks edged off seven-year highs on Thursday after some disappointing updates from utility Centrica and airline Air France-KLM and as a slide in crude prices hit oil shares. Shares in Britain's other large power providers- EDF, SSE, Centrica, E.ON, RWE npower- also fell.

  • Oil has hit its bottom: Edmund Shing Thursday, 19 Feb 2015 | 4:20 AM ET
    Oil has hit its bottom: Edmund Shing

    Edmund Shing, global equity portfolio manager at BCS Asset Management, says it is unlikely that oil price will go back down to $30 to $50, and has a better chance of reaching $70.

  • *Output from Saudi Arabia may also be rising-PIRA. At 0843 GMT, benchmark Brent crude futures for April were down $1.67 at $58.86 a barrel, extending declines from Tuesday's two-month high of $63. "The inventories were the trigger for the sharp correction lower," Carsten Fritsch, an oil analyst at Commerzbank in Frankfurt, said.

  • LONDON, Feb 19- European shares edged off 7- year highs on Thursday, hit by a slide in oil prices and a mixed batch of corporate results, with disappointing updates from companies including utility Centrica and airline Air France-KLM. Centrica's shares fell 7.7 percent, on track for its biggest one-day drop since 2008, after slashing its dividend and reporting a...

  • TOKYO/ SINGAPORE, Feb 19- Oil prices tumbled on Thursday as U.S. inventories were expected to hit record highs, while a possible rise in Saudi output could stoke oversupply built up in the past few months. The contract was trading down around $1.50 at $50.64 by 0308 GMT. International Brent crude futures for April fell back below $60 a barrel, trading at $59.54 a...

  • 5 ways to play oil under pressure Wednesday, 18 Feb 2015 | 7:25 PM ET
    Pump jacks and wells on the Monterey Shale formation in California

    Hits to the oil sector on Wednesday amid sustained volatility opened up opportunities to buy on weakness, "Fast Money" traders said.

  • U.S. crude prices fall sharply as inventory grows Wednesday, 18 Feb 2015 | 7:22 PM ET

    TOKYO, Feb 19- U.S. oil futures tumbled more than 3 percent on Thursday to a one-week low around $50 a barrel after data showed a surprisingly sharp build in U.S. crude inventories. The contract was trading down $1.51 at $50.63 by 0006 GMT, after settling down $1.39 on Wednesday. The market selloff accelerated on Wednesday afternoon following a fire and explosion at...

  • Commodities tomorrow: Another crude build expected Wednesday, 18 Feb 2015 | 4:00 PM ET
    Commodities tomorrow: Another crude build expected

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Traders expect to see another build in crude inventories tomorrow. Nat gas was higher today, as frigid temps remained in the northeast.

  • The selloff accelerated in the afternoon after a fire and explosion at a gasoline processing unit in a refinery owned by Exxon Mobil in Torrance, California, near Los Angeles. Benchmark Brent crude fell $2, its most in two weeks, to settle at $60.53 a barrel, after touching a session low of $60.05. It had risen to $63 on Tuesday, its highest this year, marking a 35 percent...

  • Fire at Exxon LA-area refinery, gas prices spike Wednesday, 18 Feb 2015 | 3:14 PM ET
    Refinery units are heavily damaged after an explosion at the Exxon-Mobil refinery in Torrance, California, February 18, 2015.

    Exxon confirmed that there had been an "incident" at its refinery in Torrance, California, but it did not offer further details.

  • NEW YORK, Feb 18- A comeback rally in oil paused on Wednesday as traders took stock of the blistering 35 percent gain in crude prices since late January despite mounting U.S. supplies. U.K.- traded Brent and crude futures in New York were both down about 3 percent on Wednesday afternoon as traders awaited supply estimates due at 4:30 p.m. ET from industry group...

  • Consumer in good shape, and here’s why: Jarden CEO Thursday, 19 Feb 2015 | 10:38 AM ET
    James Lillie

    Jarden CEO James Lillie told CNBC on Wednesday he believes the U.S. consumer is "healthy."

  • Eric Trump: Oil drop slows Russian NYC investment Wednesday, 18 Feb 2015 | 9:20 AM ET
    Eric Trump

    New York City real estate is hot, Eric Trump told CNBC Wednesday, despite what he sees as somewhat slowing Russian investment due to the collapse in oil prices.

  • BoE voted unanimously on holding rates Wednesday, 18 Feb 2015 | 4:30 AM ET
    BoE voted unanimously on holding rates

    The Bank of England's rate-setting committee voted unanimously to keep rates on hold. CNBC's Helia Ebrahimi reports on this and U.K. unemployment figures.

  • LONDON, Feb 18- Oil dropped below $62 a barrel on Wednesday, failing to build on gains of more than 1 percent in the previous session as analysts said a recent rally in prices was overblown. "The lack of follow-through higher yesterday is a worry and there's plenty of reason to be neutral here and observe carefully," PVM Oil Associates director and technical analyst...

  • Don't get bullish on Russian equities yet! Wednesday, 18 Feb 2015 | 4:00 AM ET
    Don't get bullish on Russian equities yet!

    Richard Kelly, head of global strategy at TD Securities, says that Poroshenko and Putin's cease-fire agreement is a start, but it's not yet time to get bullish on Russian equities.

  • *Trading thin in Asia at start of Lunar New Year holiday. SINGAPORE, Feb 18- Oil prices dipped on Wednesday after gaining more than a percent in the previous session, but trading was thin as several Asian countries started the Lunar New Year holidays which last for the rest of the week. Benchmark Brent crude futures were down 29 cents at $62.24 a barrel by 0520 GMT,...

  • Are markets 'over' falling oil prices? Tuesday, 17 Feb 2015 | 9:17 PM ET
    Are markets 'over' falling oil prices?

    Michael Kurtz, Global Head of Equity Strategy at Nomura, says sentiment towards cheaper oil is slowly changing as investors now consider it a reflationary factor for global growth.

  • Oil prices dip after strong rally earlier this week Tuesday, 17 Feb 2015 | 9:40 PM ET

    *Brent carries Middle East risk premium. SINGAPORE, Feb 18- Oil prices dipped on Wednesday after gaining more than a percent in the previous session, but trading was thin as several Asian countries started the Lunar New Year holidays which last for the rest of the week. Benchmark Brent crude futures were down 23 cents at $62.30 a barrel by 0226 GMT, while U.S.

  • US crude settles down as crude inventories rise Thursday, 19 Feb 2015 | 2:43 PM ET
    Oil worker Ohio

    Brent traded around $60 a barrel on Thursday after U.S. government data showed crude stocks hit a record high last week.