The stock market may be signaling something is awry in the oil market. » Read More
Bijan Zanganeh, Iranian oil minister, reacts to news that OPEC has reached a deal.
Carl Quintanilla reports the latest on how Russia plans to cut 300K barrels per day according to an OPEC official.
UBS Director of Floor Operations Art Cashin weighs in on the latest OPEC agreement.
OIL PRICES CLIMB AFTER QATAR SAYS RUSSIA COMMITTED TO REDUCE 300,000 BPD; U.S.
Saudi Arabia has fought a hard-won battle to secure output cuts from OPEC members, but many challenges lie ahead in 2017.
Nov 30- U.S. crude oil stockpiles fell unexpectedly last week, while distillate inventories rose sharply, the Energy Information Administration's data showed on Wednesday. Crude stocks fell sharply on the U.S. East Coast- the biggest weekly draw since May 2004- to 14 million barrels, their lowest level since July 2015. "Crude inventories have yielded a modest...
CNBC's Jackie DeAngelis discusses the day's crude oil and gasoline inventories.
OIL PRICES HOLD GAINS AFTER EIA DATA SHOWS SURPRISE DRAW IN U.S.
SAO PAULO, Nov 30- Brazilian stocks rose on Wednesday as a rally in crude prices lifted shares of state-controlled oil company Petrobras to their biggest daily gain in five months. Shares of Petróleo Brasileiro SA, as the company is formally known, jumped 8.1 percent, by far the biggest gainer in Brazil's benchmark Bovespa stock index. The bank is expected to...
Oklahoma City-based Devon Energy, for one, leaped more than 13.5 percent in morning trade.
CNBC's Jackie DeAngelis discusses the morning activity in the commodities markets after oil surges on reports of an OPEC production deal.
OPEC has reached a deal to curtail oil production for the first time since 2008, the oil-producing cartel announced on Wednesday.
OIL PRICES PARE GAINS, U.S., BRENT CRUDE FALL BY MORE THAN $1 A BARREL.
With OPEC deal falling into place and other market forces at work, the new norm for crude could be $50 to $60, says trader Naeem Aslam.
HAMBURG/ SINGAPORE, Nov 30- Chicago soybean, wheat and corn futures rose on Wednesday, supported by a sudden surge in crude oil prices as several OPEC members signaled a possible deal to cut production. The Chicago Board of Trade's most active January soybean contract climbed 0.5 percent to $10.47-3/ 4 a bushel by 1117 GMT after closing down 1.2 percent in...
Charles Whall, Investec Asset Management portfolio manager, discusses the OPEC meeting of oil ministers in Vienna and the likelihood that a deal will be reached.
CNBC's Steve Sedgwick reports from the OPEC meeting in Vienna on the likelihood of a production deal.
Bijan Zangeneh, Iran's petroleum minister, discusses negotiations for an OPEC deal on oil production.
Saudi Arabia's minister of energy told CNBC that he was relatively optimistic that OPEC could agree a deal to curtail oil production.
Eulogio Del Pino, Venezuela's minister of petroleum, says that he is positive Russia will participate in a deal on oil production.