Mad Money host Jim Cramer considers the sell-off on Tuesday to be an opportunity. He won't squirm until these three elements change. » Read More
LONDON, March 29- Hedge funds and other money managers have amassed a near-record number of bullish bets on increasing oil prices, helping push the main international benchmark well above $40 per barrel. The net long position has passed the previous peak of 572 million barrels, set in May 2015, and is closing in on the record of 626 million, set in June 2014, when...
A recent rally in oil prices to up and around $40 a barrel has prompted a degree of optimism in some sectors that prices had bottomed out.
BENCHMARK BRENT CRUDE OIL FUTURES FALL $1 ON THE DAY TO $39.27 A BARREL.
LONDON, March 29- Oil prices fell on Tuesday, reflecting growing concerns that a two-month rally may be in danger of fizzling, while analysts forecast another rise to record levels for U.S. crude stockpiles. "The amount of verbal intervention, which has obviously helped the market greatly over the past two months, combined with a production slowdown in the U.S., has...
Abhishek Deshpande, oil and gas analyst at Natixis, says the recent oil price rally was driven by investor sentiment rather than fundamentals.
Platt's Vandana Hari says an output freeze is useless, but markets should watch Russia and Oman who have signalled a willingness to cut production.
TOKYO, March 29- Oil prices fell in early Asian trade on Tuesday as concerns mount that a rally since January is fizzling out, while analysts forecast another rise to record levels for U.S. crude stockpiles. U.S. oil was down 13 cents at $39.26 a barrel at 0211 GMT, after finishing down 7 cents at $39.39, the previous session. The poll of eight analysts, taken ahead of...
Oil prices fell on Tuesday, reflecting growing concerns that a two-month rally may be fading.
U.S. oil was down 17 cents at $39.22 a barrel at 0055 GMT, after finishing down 7 cents at $39.39, the previous session. On Monday it settled down 17 cents at $40.27 a barrel. The poll of eight analysts, taken ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S. Department of Energy's Energy Information Administration,...
The "Fast Money" traders reveal their final trades of the day.
Dennis Gartman, The Gartman Letter Editor and CNBC Contributor, discusses the potential threat that Uber poses to the oil market as more millennials are relying on the ride service over owning their own cars.
CNBC's Jackie DeAngelis looks ahead at the April 17 meeting between OPEC and non-OPEC producers to discuss a possible production freeze.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
*U.S. hedge funds slow in building long positions- CFTC data Barclays, Macquarie warn of return to $30 levels. NEW YORK, March 28- Oil futures edged lower for a second straight session on Monday in thin trade as European markets observed the Easter holiday and as hedge funds and other big speculators were still hesitant to wager on a two-month long price rebound amid...
The Futures Now team discusses the oil market as crude is on-track for its longest losing streak since February.
Brent and U.S. crude's West Texas Intermediate futures traded at under $40 a barrel as investment banks such as Barclays and Macquarie warned that market fundamentals were weak enough that prices could possibly return to mid-, or even lower, $30 levels. Brent was down 69 cents, or 1.7 percent, at $39.75 a barrel by 11:15 a.m. EST. New York- based WTI slipped 46 cents, or...
After falling as far as $26 a barrel, U.S. crude oil futures hit a 2016 high of nearly $42 a barrel last week. Bank of America 17- Mar OPEC's output freeze, a strong driving WTI hits $47 by June $46 $45 Merrill Lynch season, easy money, and falling U.S. shale. output should push WTI prices to $47 by.
CNBC's Jackie DeAngelis reports on energy prices, and looks ahead to the oil producer meeting in April.
*10 countries say to attend Doha freeze meeting so far. Brent crude futures were up 22 cents at $40.66 per barrel at 1250 GMT. Members and non-members from the Organization of the Petroleum Exporting Countries are due to meet in the Qatari capital Doha on April 17 to discuss the plan.
*10 countries say to attend Doha freeze meeting so far. Brent crude futures were up just 9 cents at $40.53 per barrel at 1107 GMT. Members and non-members from the Organization of the Petroleum Exporting Countries are due to meet in the Qatari capital Doha on April 17 to discuss the plan.