It's been a challenging week for airplane maker Boeing. But CNBC's "Fast Money" traders take a long-term view on the stock.» Read More
CNBC's Bob Pisani and Art Cashin of UBS, discuss why today is a 'very important' trading day for the markets.
*Iran ordered oil production ramp-up on Monday. "It seems to be a healthy upside correction in an otherwise downtrending market," said Tamas Varga, oil analyst at London brokerage PVM Oil Associates. The Brent contract for March delivery rose 91 cents to $29.46 a barrel, a 3.2 percent rise, by 11:33 a.m. EST.
Art Cashin of UBS and CNBC's Mike Santoli, discuss the possible impact of earnings reports on the markets.
CNBC's Jackie DeAngelis and Jeff Grossman of BRG Brokerage talk about conditions that could cause an upswing in oil prices.
*Fourth-qtr EPS $0.29 vs. est. Bank of America said on Tuesday its provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. The bank has $21.3 billion in energy-related loans, representing about 2 percent of total loans, Chief...
CNBC's Jackie DeAngelis reports on falling oil prices after Iran says it would counter price cuts made by Saudi Arabia.
John Dowd, Fidelity Select Energy reveals where he is sees opportunity in the energy space.
Three Houghton Lake, Mich., stations are battling for customers by lowering the price of gas at the pump.
BAGHDAD, Jan 19- Iraq wants foreign oil companies to cut spending as the nation seeks to narrow a budget gap caused by lower crude prices, oil minister Adel Abdul Mahdi said in a statement on Tuesday. "The ministry is discussing reducing financial spending by foreign companies," he told a meeting of the oil fields' joint management committees in Baghdad.
Brent crude futures have fallen to their lowest level since late 2003, tumbling below $30 a barrel, after OPEC said in December it would not cut output to halt the price slide despite global oversupply. "Although we do not formally forecast OPEC oil production, in a scenario whereby Iran adds 600,000 bpd to the market by mid-year and other members maintain...
*Iran ordered oil production ramp-up on Monday. Brent crude futures, the global benchmark, posted their strongest daily gains in four months, trading up $1.55, or 5.4 percent, at $30.10 a barrel by 1149 GMT. "It seems to be a healthy upside correction in an otherwise downtrending market," said Tamas Varga, oil analyst at London brokerage PVM Oil Associates.
Leland Miller, China Beige Book International, discusses why he doesn't believe China's GDP numbers and weighs in on the country's struggle to implement effective economic reform.
*New storage capacity to come on line in Asia this year. New storage tanks built in recent years, mostly in the United States and Asia, leave hundreds of millions of barrels of space to fill, confounding expectations that excess production could overflow tanks and drive prices further down. Benchmark Brent crude dipped below $28 a barrel on Monday, its lowest level...
The IMF cut its global economic growth forecast for 2016 as it expects a number of factors to weigh on world economies.
*Iran ordered oil production ramp-up on Monday. LONDON, Jan 19- Oil prices rose on Tuesday as data showed Chinese oil demand likely hit a record high in 2015, but contracts remained below $30 a barrel as the IEA said the market should stay oversupplied until at least the end of this year. "It seems to be a healthy upside correction in an otherwise downtrending market,"...
The IEA has warned that a further drop in oil prices is likely as supply continues to exceed demand. The IEA’s head of oil industry and markets division, Neil Atkinson discusses.
The International Energy Agency warned a further drop in oil prices is likely as supply continues to exceed demand.
Brent crude futures have fallen to their lowest level since late 2003, tumbling below $30 a barrel, after OPEC said in December it would not cut output to arrest the price slide despite global oversupply. With the world economy slowing, the IEA said it had cut its forecast for 2016 OPEC crude oil demand by 300,000 bpd to 31.7 million bpd. The IEA is sticking with its...
Holding on to a 30-million-barrel-a-day production ceiling could land OPEC's powerbroker with its own Arab Spring.
Toby Thompson, fund manager at Brooks Macdonald Funds, suggests low oil prices will benefit some emerging markets and consumers.