If you’re looking for clues as to where oil could be heading next, one technician says to look no further than charts from the financial crisis. » Read More
Officers says more than 88-thousand gallons of crude oil have leaked off the Louisiana coast.
Russia is unlikely to part in an OPEC meeting in Vienna scheduled for June 2, said Russian Energy Minister Alexander Novak.
Dennis, Gartman, The Gartman Letter, shares his commodity play on crude's upward turn.
Speculator bets on higher Brent prices reached record highs in April, OPEC said in a report on Friday, but the oil cartel warned that fundamentally, oversupply still persisted in the market.
I think a big part of it is the U.S. dollar but it's a conundrum to me, says John Kilduff, Again Capital weighing in on what's likely driving oil prices higher.
*Nigeria oil production has fallen to 1.65 mln bpd- FinMin. LONDON, May 13- Oil prices ended a three-day bull run on Friday, falling as a strong dollar made it more expensive to hold oil positions though losses were cushioned by Nigerian outages that have slashed output to the lowest in 22 years. Global benchmark Brent crude futures were down 32 cents at $47.76 a...
Alex Dryden, global market strategist at J.P. Morgan Asset Management, and Bob Parker, senior advisor for Credit Suisse, discuss commodity prices.
Erik Norland, senior economist at CME Group, says falling U.S. oil production is impacting prices and says he was skeptical of an OPEC output freeze.
*Russia says global glut to last despite output cuts. *Russia to produce at least 10.81 mln bpd of oil this year. SINGAPORE, May 13- Oil prices fell by around one percent on Friday as a stronger dollar weighed and Russia warned that a global crude supply overhang could last into next year.
Erna Solberg, prime minister of Norway, says the country needs to diversify and create more jobs to avoid problems caused by low oil prices.
Oil prices were poised to end a three-day bull run on Friday, falling as a strong dollar made it more expensive to hold oil positions.
*Russia says global glut to last despite output cuts. *Russia to produce at least 10.81 mln bpd of oil this year. SINGAPORE, May 13- Oil prices dipped in early trading on Friday as a stronger dollar weighed and Russia warned that a global crude supply overhang could last into next year.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets.
*Nigeria crude outage also boosts prices. NEW YORK, May 12- Oil prices rose 1 percent in volatile trade on Thursday, with U.S. crude hitting six-month highs as investors weighed a forecast for tighter global supplies against signs of another storage build at the hub for U.S. crude futures. The bulls prevailed, "said Phil Flynn, analyst at the Price Futures Group in...
Discussing the potential trading range in oil as well as energy market outlooks with John LaForge, Wells Fargo Head of Real Assets Strategy, and Bob McNally, The Rapidan Group Founder and President.
The FMHR traders reveal their final trades.
The Futures Now team discusses the crude trade, with Jim Iuorio, TJM Institutional Services, and Bill Baruch, iiTrader senior strategist.
Recent downgrades to global economic growth forecasts suggest the crude market is not out of the danger zone, Harry Tchilinguirian of BNP Paribas said.
A new bubble is bursting in China and it could lead to a commodities meltdown that rocks global markets, Ron Insana.
Oil and oil stocks are rallying after the IEA said the global oil supply glut will shrink later this year.