Why oil prices rallied higher this week, with Helima Croft, RBC Capital Markets.» Read More
*Lower yuan puts downward pressure on commodities- Goldman Sachs. LONDON, Aug 14- U.S. crude oil fell to its lowest in almost six-and-a-half years on Friday as huge stockpiles and refinery shutdowns added to concerns about global oversupply and slowing economies in Asia. U.S. crude was down 30 cents at $41.93 a barrel by 0945 GMT.
Patrick Armstrong, CIO of Plurimi Investment Managers, talks about the movement in oil prices and how to profit from it..
Malaysia's ringgit hit a fresh pre-peg 17-year low on Friday after a fall in oil prices increased concerns over the country's exports.
Michael Beer, VP, Asia Pacific transportation research at Citi Investment Research and Analysis, outlines Cathay Pacific's strengths as competition intensifies on the trans-Pacific routes.
U.S. crude oil held gains Friday after oilfield services firm Baker Hughes reported its oil rig count rose for a fourth straight week.
SINGAPORE, Aug 14- U.S. crude oil prices fell back below $42 a barrel to prices not seen since March 2009 on Friday, as rising U.S. stockpiles added to concerns about oversupply and a demand slump due to slowing economies in Asia. On the demand side, China's slowing economy and weakening currency could lead to a slump in consumption. "WTI prices fell sharply to a...
Despite the recent IEA report signalling strong demand growth, markets remain focused on oversupply woes thereby underpinning the bearish sentiment in prices, says Matt Smith, director of Commodity Research at ClipperData.
SINGAPORE, Aug 14- U.S. crude oil prices remained close to their lowest in over six years early on Friday, as rising U.S. stockpiles stoked oversupply and on worries over demand from slowing economies in Asia. On the demand side, China's slowing economy and weakening currency could lead to a slump in consumption. "WTI prices fell sharply to a six-year low amid rising...
If the Iran nuclear deal is finalized and sanctions are lifted by year-end, the oversupply situation in oil could extend into 2017, says Alejandro Barbajosa, VP, crude Middle Eats and Asia-Pacific of Argus Media.
Dissecting the day's major business news, including oil's new lows, with the Fast Money traders.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngelis reports the latest action with crude oil.
While much of the U.S. is seeing cheap gas this summer, drivers in Chicago and across the Midwest are in for some real pain at the pump.
The front-month in crude futures on the New York Mercantile Exchange was down $1.10, or 2.5 percent, at $42.20 a barrel by 10:55 a.m. EDT. The session low was $42.07, just above the year's bottom of $42.03 hit in March. Traders said repairs at BP Plc's refinery Whiting, Indiana that could last at least a month, idling some 240,000 barrels per day of crude distillation.
CNBC's Jackie DeAngelis reports on natural gas inventories.
*U.S. refinery problems raise Cushing oil stock concerns. *China's economy expected to weaken further. Benchmark North Sea Brent crude oil fell by 25 cents to $49.41 a barrel by 1315 GMT after hitting a session high of $50.39.
The UK government will be able to overrule local decisions over fracking in a move that could cut the time between pinpointing sites and drilling.
Cars are more efficient than ever, but fuel costs have also been rising. On a miles-per-dollar basis, driving today is much like it was in the 1950s.
*Iraq to export near record volumes of Basra crude. *China's economy expected to weaken further. Benchmark North Sea Brent crude oil was up 60 cents at $50.26 a barrel by 0855 GMT.
*China's economy expected to weaken further. SINGAPORE, Aug 13- Oil prices edged up on Thursday, supported by lower U.S. stockpiles and record Chinese diesel exports, but worries over Asia's biggest economy continued to weigh. U.S. crude was trading at $43.50 per barrel at 0625 GMT, up 20 cents.