Oil fell more than one percent on Friday, under pressure from concerns of a glut, although market activity was subdued due to a U.S. holiday.» Read More
CNBC's Jackie DeAngelis has the update on all the trading action at the NYMEX, including a drop in crude and gasoline prices
After a slide in Russian stocks, traders say this is a big chance to buy in.
One strategist says crude is set to retake all of its losses — and then some.
Emad Mostaque of consulting company Ecstrat makes the case for triple-digit crude in an interview with Mandy Drury.
For Thanksgiving this year, gas prices may be low but terrorism fears are high and add to the stress of traveling.
Brent was down 94 cents at $45.18 a barrel at 1241 GMT, having touched a low of $45.11. The benchmark hit its highest since Nov. 11 at $46.50 on Tuesday after Turkey shot down a Russian jet. West Texas Intermediate futures fell 78 cents to $42.09 a barrel, having gained $1.12 to $42.87 on Tuesday.
China’s slowdown could pose risks for the euro area ranging from falling exports, capital outflows and exchange rate fluctuations, the ECB has said.
Miswin Mahesh, oil analyst at Barclays, discusses how the oil market factors in geopolitical unrest such as Turkey shooting down a Russian fighter plane.
*Dec. 4 OPEC meeting in focus for week ahead. LONDON, Nov 25- Crude oil futures fell on Wednesday as investor focus shifted back to a deep global supply glut and away from the threat of escalating violence in the Middle East, which pushed prices to two-week highs the previous day. The benchmark had settled up $1.29 at $46.12 on Tuesday, after hitting its highest since...
Nymex oil may have a prolonged sideways consolidation between $38 and $48 but charts suggest that, long-term, it has further to fall.
*Dec. 4 OPEC meeting in focus for week ahead. SEOUL, Nov 25- Crude oil futures eased on Wednesday after prices hit two-week highs in the previous session as tension mounted in the Middle East following Turkey's downing of a Russian warplane. "In Asian hours you are seeing some profit-taking... but bullish sentiment is continuing," said Daniel Ang, an investment analyst...
Nick Carn, founder of Carn Macro Advisors, says markets are not particularly interested in the situation in Syria.
*Dec. 4 OPEC meeting in focus for week ahead. SEOUL, Nov 25- Crude oil futures extended gains on Wednesday after prices hit two-week highs in the previous session as tension mounted in the Middle East following Turkey's downing of a Russian warplane. "In Asian hours you are seeing some profit-taking... but bullish sentiment is continuing," said Daniel Ang, an investment...
Oil managed slight gains amid lower-than-expected inventories build.
*Dec. 4 OPEC meeting in focus, seasonal pickup expected in U.S. SEOUL, Nov 25- Crude oil futures dipped on Wednesday as investors took profits after prices rallied to two-week highs in the previous session on mounting geopolitical tension in the Middle East as Turkey downed a Russian warplane. With the price falling slightly, but bullish sentiment is continuing, "...
Oil markets are more concerned by Saudi Arabia's oil production than geopolitics in the region, says Barry Dawes, head of resources at Paradigm Securities.
SEOUL, Nov 25- U.S. crude oil futures dipped on Wednesday on profit-taking after the prices rallied to a two-week high on the previous session due to heightening geopolitical tensions in the Middle East with Turkey's downing of a Russian warplane. President Barack Obama and French President Francois Hollande pressed Russia on Tuesday to focus its attacks in...
Oil prices rallied nearly 3 percent Tuesday. But over the next year, increases are expected to be more subdued.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Discussing the boost in the price of oil amid Middle East tensions, with Helima Croft, RBC Capital Markets.