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NEW YORK, Jan 12- Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not relent until it reaches $10.
CRUDE OIL FUTURES EXTEND LOSSES, FALL BELOW $30 A BARREL FOR THE FIRST TIME SINCE DECEMBER 2003.
CNBC's Brian Sullivan has an update on the price of oil.
NEW YORK, Jan 12- Oil slid to within pennies of $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not relent until it reaches $10.
The world is awash in oil, and the glut shows no signs of letting up.
Jan 12- U.S. stocks were flat in afternoon trading on Tuesday, after an early rally was wiped out as crude oil prices once again held the markets hostage. Earlier gains were erased as they retreated towards $30 per barrel, piling the pressure on already beleaguered energy companies and casting a pall on other sectors as well. Still, the S&P 500 held above the key 1900...
Crude prices slide to 12-year lows and market volatility sweeps Wall Street. Also reading copper's warning signs, with CNBC's Jackie DeAngelis and the Futures Now Traders.
NEW YORK, Jan 12- Crude oil prices lost more than 2 percent on Tuesday, extending a relentless selloff to trade within cents of $30 a barrel for the first time in 12 years on concerns about fragile Chinese demand and the absence of restraint in global production. It was at $30.65, down 90 cents, at 11:43 a.m. EDT. West Texas Intermediate crude fell to a low of $30.10,...
LONDON, Jan 12- Crude oil steadied at around $32 per barrel on Tuesday, recovering slightly as investors booked profits after it fell to a near 12- year low on concerns about oversupply and fragile demand from China. Analysts at Barclays, Macquarie, Bank of America Merrill Lynch, Standard Chartered and Societe Generale all cut their 2016 oil forecasts this week,...
Discussing oil supply and demand, and where the safe places to bet are, with Doug Terreson, Evercore ISI.
Sarat Sethi, Douglas C. Lane & Associates, and Stephanie Link, TIAA-CREF portfolio manager, discuss how companies can survive amid low oil prices.
The FMHR traders discuss the slide in oil prices, and the best bets in the market right now.
Art Cashin, UBS director of floor operations, discusses the impact of oil prices on the rest of the market.
A number of factors could push oil prices even lower than its recent low. CNBC's Jackie DeAngelis explains.
Forget China's official numbers, here's what could be the best gauge of the world's second largest economy, according to Harvard's Kenneth Rogoff.
*Oil flirts with break below $30. Major U.S. stock indexes initially rose in morning trading, building off of Monday's late-session rallies after historically poor starts to 2016, but a Wall Street rally faltered by midday as crude prices approached the $30 per barrel mark. Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia,...
Jan 12- Wall Street pared back early gains on Tuesday as oil prices reversed course, but gains in Apple and healthcare stocks provided support. Crude prices retreated back towards $30 per barrel, which led to a 0.75 percent drop in the energy sector, making them the worst performing among the 10 major S&P sectors. "We're seeing a bounce here and the reason for that is,...
LONDON, Jan 12- Bets against commodity-linked emerging currencies are on the rise again as crude prices fall to around $30 a barrel, but volatility remains well below the peaks of last year. "The oil price fall does pose a challenge for commodity exporters as the weakness isn't fully priced into all the fiscal outlooks yet," said Dominic Bunning, a strategist at HSBC.
"The Saudis have a definitive game-plan to wipe out U.S. production," CNBC's Jim Cramer says.
Raymond James Energy Analyst Darren Horowitz says in the short-term oil prices could "get worse before they get better."