Crude oil futures were mixed in early Asian trade after a meeting between OPEC producers Saudi Arabia and Venezuela showed few signs of being constructive.» Read More
One strategist says that while Iranian missile testing violates United Nations regulations, it does not interfere with the deal signed last July.
Again Capital founding partner John Kilduff explains his predictions for oil price movement in 2016.
Again Capital's John Kilduff provides his target highs and lows for oil in 2016.
CNBC's Jackie DeAngelis reports the last settling price for crude in what was a turbulent year for black gold.
RBC Capital Markets Global Head of Commodity Strategy Helima Croft discusses politics in the Middle East and why it won't deter Iranian oil from adding to the ongoing supply glut.
With crude oil prices falling and supplies continuing to build, U.S. pump prices are lower than they've been in years.
CRUDE OIL FUTURES EXTEND GAINS SLIGHTLY ON BAKER HUGHES DATA SHOWING OIL RIGS DOWN 2 THIS WEEK.
Dealmaking in 2016 may surpass this year's levels as acquisitions of distressed assets and firms accelerate, particularly in the energy sector, says Robert Profusek of Jones Day.
NEW YORK/ LONDON, Dec 31- Oil prices steadied on Thursday but were still headed for a second year of steep declines after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear. Global oil benchmark Brent and U.S. crude's West Texas Intermediate futures were on track finish...
Eric Nuttall, Sprott Asset Management, thinks the oil market could be under-supplied next year.
CNBC's Jackie DeAngelis reports there's not a lot of conviction in the oil trade as markets head into the new year with crude down more than 30 percent year to date.
BP and ConocoPhillips are shutting down productions at their oilfields in the North Sea due to violent weather.
Bob Iaccino, chief market strategist at Tethys Partners, says energy, politics and the Federal Reserve are the themes which will most affect markets in 2016.
Eleven major events that shaped business news in 2015.
A storm in the North Sea forced oil firms to evacuate rigs and stop production, with installations under threat from a drifting barge.
Lothar Mentel, chief investment officer at Tatton Investment Management, says he expects prices to stabilize higher than they are currently.
Crude inventories in the United States rose 2.6 million barrels last week, the U.S. Energy Information Administration said. West Texas Intermediate crude futures trading around $36.70 per barrel at 0300 GMT on Thursday and Brent around $36.60 per barrel. Both benchmarks are down by around a third over 2015. The immediate outlook for oil prices remains bleak,...
Commodity prices are unlikely to recover to the peaks seen earlier but some major classes may have hit the bottom.
The first half of 2016 is looking “pretty ugly” for hammered oil prices that are poised for even more losses, said an analyst.
Oil prices posted a second year of steep losses as record OPEC supply created a global glut that may take another year to clear.