Oil slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets.» Read More
*U.N. seen confirming Iran compliance with nuclear deal. NEW YORK, Jan 14- Oil prices rebounded on Thursday, snapping an eight-day rout, as some players covered short positions after crude prices plumbed new 12- year lows amid concerns over Iran adding to a global glut faster than expected. Brent, the global crude benchmark, earlier broke below $30 a barrel for a...
NEW YORK, Jan 14- The dollar rose on Thursday, bolstered by gains in the U.S. stock market and a rebound in oil prices, suggesting that the Federal Reserve will not be as constrained to push ahead with its plan to raise interest rates several times this year. That has supported shares on Wall Street, with key indexes up more than 1 percent on the day.
The ever-declining U.S. oil rig count should really start to take a bite out of the oversupply problem this year, KLR's John Gerdes says.
CNBC's Jackie DeAngelis reports natural gas inventories amid warmer weather than expected in January.
Here's why the credit crunch hitting the oil industry could be worse than the 2008 housing crisis, says longtime oil man Mark Harrington.
Discussing the decline in energy prices, and the impact to the market, with Art Hogan, Wunderlich Securities, and Michelle Girard, RBS chief U.S. economist.
St. Louis Fed President James Bullard says the oil price decline has implications for the Federal Reserve's monetary policy. CNBC's Steve Liesman has the details.
Commodity analysts are contemplating a further fall in oil prices this week with sanctions on Iran expected to be lifted.
John Gerdes, KLR Group, shares his outlook on crude as prices drop to historic lows amid an oversupply environment.
CRUDE FUTURES EXTEND GAINS, UP OVER 50 CENTS TO OVER $31 A BARREL, AFTER U.S.
CNBC's Michelle Caruso-Cabrera takes a look back at lessons learned from past bankruptcies in oil and other commodity companies.
Luis Costa, head of CEEMEA FX and rates strategy at Citi, discusses FX markets and currencies performance in recent weeks.
*Spain sells 4.3 billion euros at bond auction. *Portugal, Slovakia also in the market in busy supply week. LONDON, Jan 14- German Bund yields hit their lowest levels since the European Central Bank's December meeting on Thursday, after oil prices fell below $30, pinning long-term inflation expectations in the euro zone at 3-1/ 2 month lows.
LONDON, Jan 14- Oil-rich Canada's dollar fell to its lowest level since April 2003 on Thursday as crude prices slid to their weakest in 12 years, fuelling speculation the Bank of Canada could cut interest rates as early as next week. Ahead of the Bank of England's latest monetary policy meeting and interest rate decision, sterling hit an 11- month low against the...
*Indonesia, Malaysia plan to use more palm oil to make biofuel. SINGAPORE, Jan 14- The world's top palm oil producers Indonesia and Malaysia may have to curb plans to channel more of the commodity into biodiesel as tumbling crude oil prices render the edible oil twice as expensive as its fossil fuel alternative. Indonesia expects to raise the minimum bio content of...
Brent crude, the global benchmark dropped as far as $29.73, the lowest since February 2004 and down more than 1.5 percent as the prospect of more supplies from Iran loomed. Free-falling oil prices and concerns over a slowdown in China have allowed euro zone bonds to withstand the traditional start-of-the year supply pressure as state treasuries take...
William Hobbs, head of investment strategy U.K. and Europe for Barclays Wealth and Investment Management, says the start of 2016 has been a "party for the pessimists" but investors should look for the benefits of low oil prices.
*Iran sanctions may be lifted as early as Friday. TOKYO, Jan 14- Brent crude fell to another 12- year low on Thursday as the prospect of more oil supplies from Iran loomed, amid gloom over a world already awash with supply and concerns about global economic growth hitting equity markets. U.S. oil is trading at a rare premium to Brent, reflecting the hit that the global...
Prices have tanked 20 percent just two weeks into this year and are about 70 percent lower since the summer of 2014 when prices started declining.
*London copper plumbs lowest levels since May 2009. London copper fell to its lowest since May 2009, compounding worries about the effect of China's waning growth on demand for commodities. China's main stock indexes fell, with the Shanghai Composite Index trading down 1.2 percent and the CSI300 index off 0.8 percent.