Energy Commodities Oil

More

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A massive, 9 million barrel inventory build puts downward pressure on oil prices, which fell below $40 today.

  • Trading Nation: Is the energy bounce over?

    Erin Gibbs of S&P Investment Advisory and Todd Gordon of TradingAnalysis.com discuss the energy sector with Brian Sullivan.

  • Oil prices fall on API data

    CNBC's Jackie DeAngelis reports the close of oil as prices fall below $40 a barrel.

  • LONDON, March 23- Iraq's oil exports have held steady so far in March, according to loading data and industry sources, halting for now the rapid supply growth that has increased downward pressure on prices. The lack of export growth is partly involuntary as it reflects disruptions on Iraq's northern pipeline, offsetting near-record southern exports.

  • The U.S. Energy Information Administration said crude stockpiles rose 9.4 million barrels last week, not far from the 8.8 million build indicated by industry group American Petroleum Institute on Tuesday but way off the 3.1 million barrels expected by analysts in a Reuters poll. U.S. crude futures were down $1.25, or 3 percent, at $40.20 a barrel by 11:30 a.m....

  • Emmanuel Ibe Kachikwu, Nigeria's petroleum and resources minister

    Nigeria expects oil producers to agree a supply freeze at a Doha meeting in April even if Iran does not join, its petroleum minister said.

  • ABUJA, March 23- OPEC member Nigeria expects oil producers to agree a supply freeze at a meeting in Doha next month which should stabilize crude prices even if Iran does not join, its petroleum minister said on Wednesday. Qatar has invited OPEC members and major non- OPEC producers to meet on April 17 to agree a freeze following an initial deal in February between...

  • NEW YORK, March 23- Oil prices fell more than 2 percent on Wednesday as traders awaited U.S. government data on crude inventories after a preliminary report from an industry group showed a higher-than-expected stock build, rekindling worries of a glut. U.S. crude futures were down $1, or 2.5 percent, at $40.45 a barrel by 10:03 a.m. EDT, after touching a session low...

  • CRUDE FUTURES EXTEND LOSSES, DOWN $1 AT $40.40 A BARREL AHEAD OF EIA INVENTORY REPORT.

  • CNBC's Jackie DeAngelis reports on oil glut concerns.

  • The Toyota Prius Prime is seen during the media preview of the 2016 New York International Auto Show in Manhattan, New York, March 23, 2016.

    Sales of Toyota’s flagship hybrid have faltered recently, but Toyota North America CEO James Lentz says they are due for a rise.

  • LONDON, March 23- Oil prices eased on Wednesday after figures from an industry group showed U.S. crude stockpiles rose last week by more than expected, reinforcing concerns that a global glut continues unabated. U.S. crude futures fell 33 cents to $41.12 a barrel by 0945 GMT. Brent crude was down 25 cents a barrel at $41.54, still up more than 50 percent from a...

  • LONDON, March 23- Trading houses are betting on oil markets remaining oversupplied for at least two more years even as crude prices stage a recovery driven by early signs of falling production. Ian Taylor, chief executive of top oil trader Vitol, said on Tuesday that "stocks of crude and products continue to build and these will weigh upon the market."

  • The Russian economy is adjusting to low oil prices, the country's deputy prime minister told CNBC, adding that a weak ruble will help it to export more.

  • Energy market is still volatile: Deputy PM

    Russia deputy Prime Minister, Arkady Dvorkovich says while oil’s supply is going down, it’s difficult to predict the path of the oil right now.

  • SINGAPORE, March 23- A deal among some OPEC producers and Russia to freeze production is perhaps "meaningless" as Saudi Arabia is the only country with the ability to increase output, a senior executive from the International Energy Agency said on Wednesday. Brent crude futures are up more than 50 percent from a 12- year low near $27 a barrel hit early this year,...

  • LONDON, March 23- Trading houses are betting on oil markets remaining oversupplied for at least two more years even as crude prices stage a recovery driven by early signs of falling production. Ian Taylor, chief executive of top oil trader Vitol, said on Tuesday that "stocks of crude and products continue to build and these will weigh upon the market."

  • Oil Prices, commodities outlook

    Platt's Annalisa Jeffries states that the commodities spectrum is generally still under pressure from excess capacity.

  • TOKYO, March 23- Oil prices fell in early Asian trading on Wednesday after figures from an industry group showed U.S. crude stockpiles rose last week more than expected, reinforcing concerns that supply continues to exceed demand. The front-month contract in U.S. crude futures was down 40 cents at $41.05 a barrel by 0328 GMT. Brent crude was 39 cents lower at $41.40,...