Ultimately, oil markets remain oversupplied even as oil services companies beat earnings, says Lipow Oil Associates' Andy Lipow.
A recovering commodities sector will impact capital intensive businesses, and lends weight to market optimism, says Edward Dempsey, CIO at Pension Partners.
Spending cuts in Saudi Arabia have affected the jobs and remittances of migrant workers from South Asia and the Philippines, says World Bank's Dilip Ratha.
TOKYO, Oct 21- Asian stocks were mostly lower on Friday as the dollar climbed to seven-month highs against a basket of currencies and dragged down crude oil prices, cooling investor risk appetite. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent. Singapore fell 0.4 percent while Shanghai added 0.3 percent.
West Texas Intermediate crude was trading at $50.40 a barrel at 0208 GMT, down 23 cents, or 0.5 percent, from its last settlement. Demand is stabilizing, OPEC production has peaked, and global inventory declines imply that the market is more balanced than many believe, " Neil Beveridge of Bernstein Energy said in a note to clients. OPEC's current output stands at a...
Oil prices settled slightly higher on Friday to put up a fifth straight weekly gain for U.S. crude.
West Texas Intermediate crude was trading at $50.62 a barrel at 0050 GMT, 1 cent below its last settlement. Demand is stabilizing, OPEC production has peaked, and global inventory declines imply that the market is more balanced than many believe, " Neil Beveridge of Bernstein Energy said in a note to clients. OPEC's current output stands at a record 33.6 million...
CNBC's Seema Mody reports third-quarter earnings for Skechers and Schlumberger.
The World Bank raised its crude oil price forecast, as it expects an output agreement among the OPEC to help trim excess supply.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
*Market worries as Russia mulls higher output. NEW YORK, Oct 20- Oil prices settled down more than 2 percent on Thursday, as a resurgent dollar encouraged players to take profit on the previous day's rally that sent U.S. crude to 15- month highs. The dollar hit seven-month highs against a basket of currencies and a three-month peak versus the euro after the European...
American Airlines CEO Doug Parker told CNBC's "Power Lunch" in an exclusive interview Thursday the airline industry is rebounding.
*Market worries as Russia mulls higher output. NEW YORK, Oct 20- Oil prices fell about 2 percent on Thursday, as a resurgent dollar encouraged players to take profit on the previous day's rally that had sent U.S. crude to 15- month highs. Benchmark Brent crude for December delivery was down $1.23, or 2.3 percent, at $51.44 per barrel by 1:17 p.m. EDT.
Kris Kelley, Janus Capital Group, gives insight on the airline sector and jet fuel prices.
The Futures Now team discusses crude's fall off a 15-month high, and where they see the commodity heading from here.
Richard Pzena, Pzena Investment Management, shares his take on Fed policy, and why it doesn't work.
*Genscape reports 1.25 mln bbls draw at Cushing for Oct 18 week. "After the big run, I think it is very reasonable", Kyle Cooper, analyst at ION Energy in Houston, said, referring to the price retreat on profit-taking. The front-month in Brent crude was down $1.29, or 2.4 percent, at $51.38 per barrel by 10:55 a.m. EDT.
The government has reported surprisingly large drops in U.S. crude inventories, but they may not last.
CNBC's Jackie DeAngelis reports crude pulls back after Wednesday's 15-month high.
Oct 20- U.S. stock index futures gave up early gains and set Wall Street up to open slightly lower on Thursday as tepid earnings reports and economic data as well as drop in oil prices tempered enthusiasm. In a widely expected decision, the European Central Bank kept interest rates unchanged. More people perceived Democrat Hillary Clinton to have won the third and...