Energy Commodities Oil


  • *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...

  • FOREX-Dollar advances on gains in U.S. stocks, oil prices Thursday, 14 Jan 2016 | 11:34 AM ET

    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.

  • Oil prices could spike 50% higher in 2016: Analyst Thursday, 14 Jan 2016 | 11:11 AM ET
    offshore oil drilling platform rig

    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.

  • Nat gas inventories down less than estimates Thursday, 14 Jan 2016 | 10:29 AM ET
    Nat gas inventories down less than estimates

    CNBC's Jackie DeAngelis reports natural gas inventories amid warmer weather than expected in January.

  • Oil credit crunch may be worse than housing crisis Thursday, 14 Jan 2016 | 10:50 AM ET
    Pump jacks and storage tanks

    Here's why the credit crunch hitting the oil industry could be worse than the 2008 housing crisis, says longtime oil man Mark Harrington.

  • Growth outlook 'more and more negative' Thursday, 14 Jan 2016 | 10:01 AM ET
    Growth outlook 'more and more negative'

    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.

  • Fed's Bullard: Recent oil price movements 'very substantial'

    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.

  • Why oil could plunge further next week Thursday, 14 Jan 2016 | 8:52 AM ET
    Iranian Revolutionary Guards drive a speedboat in front of an oil tanker at the port of Bandar Abbas.

    Commodity analysts are contemplating a further fall in oil prices this week with sanctions on Iran expected to be lifted.

  • Economics behind oil: Pro Thursday, 14 Jan 2016 | 8:43 AM ET
    Economics behind oil: Pro

    John Gerdes, KLR Group, shares his outlook on crude as prices drop to historic lows amid an oversupply environment.


  • Commodities... anatomy of a bankruptcy Thursday, 14 Jan 2016 | 6:26 AM ET
    Commodities... anatomy of a bankruptcy

    CNBC's Michelle Caruso-Cabrera takes a look back at lessons learned from past bankruptcies in oil and other commodity companies.

  • Shaky start of 2016 for FX risk: Citi Thursday, 14 Jan 2016 | 4:40 AM ET
    Shaky start of 2016 for FX risk: Citi

    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...

  • Falling oil prices push Bund yields below 0.50 percent Thursday, 14 Jan 2016 | 3:41 AM ET

    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...

  • Where are the opportunities in the markets? Thursday, 14 Jan 2016 | 3:00 AM ET
    Where are the opportunities in the markets?

    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...

  • Brent oil dips below $30 to new 12-year low Wednesday, 13 Jan 2016 | 11:56 PM ET
    Oil refinery and storage Australia

    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.