OPEC will meet next week in Vienna. Discussing oil production, and expectations for the next few years, with Charles Cherington, Intervale Capital.» Read More
Goldman Sachs said Thursday oil fundamentals have not changed and reiterated its call that crude prices will remain lower for longer.
BRUSSELS Oct 8- Oil markets have priced in nearly all the potential impact of the shale oil boom in the years ahead and energy-importing countries will only record a relatively small boost to their economies from low crude prices, a study published by the European Central Bank showed. The price impact of any further increase in shale supply is seen at less than...
The military involvement by Russia in Syria could force OPEC's largest member to capitulate on production cuts, entrepreneur Boone Pickens tells CNBC.
*Build in U.S. inventories may see price break $50/ bbl. Brent crude oil futures rose 50 cents to $51.83 a barrel by 1250 GMT, but down from an intraday high of $52.03 and down from Wednesday's one-month high at $53.15. "There was a hiccup with the U.S. data this week, but production is still expected to continue to slow," Saxo Bank commodities strategist Ole Hansen said.
Boone Pickens, BP Capital founder, weighs in on whether other automakers are cheating on their emissions tests.
Boone Pickens, BP Capital founder, shares his outlook on oil prices, restarting rigs and a cute joke about oil men.
The year isn't over yet but T. Boone Pickens says his prediction for $70 oil by year end isn't looking good. Here's why.
*Build in U.S. inventories may see price break $50/ bbl. "Those expectations drove prices upwards, so that's being reassessed and it's possible we'll see prices dropping below $50 again," Commerzbank analyst Carsten Fritsch said. Brent crude oil futures rose 6 cents on the day to $51.39 a barrel by 1058 GMT, down from an intraday high of $52.03 and down from...
The term structure has shifted, says Dennis Gartman, "The Gartman Letter," sharing his bullish outlook on crude.
Dennis Gartman, "The Gartman Letter," weighs in on selling of U.S. debt and the likely buyers.
Castrol’s “Nexcel” cartridge gives you a 90 second engine oil change. Richard Parry-Jones, chairman of Nexcel advisory board, explains.
The current recovery in oil prices could prove to be nothing more than a short-lived "dead cat bounce," analysts have warned.
A break above $50 per barrel for U.S. crude will be short lived, with a fall below $40 likely in the next leg down, Warren Gilman, chairman and CEO of CEF Holdings, predicts.
With China open for business trading is likely to be more volatile in commodities, ANZ said in a morning note. U.S. crude was up 24 cents at $48.05 at 0245 GMT and traded as high as $48.39 earlier. Brent crude, the global oil benchmark, was up 21 cents at $51.54 a barrel and rose to as high as $51.89 in earlier trading.
Oil prices climbed to their highest in five weeks on Thursday, as buoyant Chinese equity markets encouraged buying.
TOKYO, Oct 8- Crude oil futures rose in early Asian trade on Thursday, shrugging off a surprise build in U.S. inventories as some Chinese traders returned following a weeklong National Day holiday period. With China open for business trading is likely to more volatile in commodities, ANZ said in a morning note. U.S. crude was up 50 cents, or 1.05 percent, at $48.31 at...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
A rally in oil prices would not only prop up energy companies but also lift other markets in need of a boost, one expert said.
NEW YORK, Oct 7- Oil fell in volatile trading on Wednesday, snapping a three-day rally, after U.S. government data showing a large crude inventory build surprised traders the day after an industry group had reported a draw. The U.S. Energy Information Administration said domestic crude inventories rose 3.1 million barrels last week, more than the 2.2...
CNBC's Jackie DeAngelis reports the latest crude close after a larger-than-expected inventory number.