Oil held at low levels on Tuesday as traders bet on continued high production from the OPEC ahead of its meeting later this week.» Read More
Unfortunately for oil bulls, prices are heading lower in the short, medium and long-term, says Warren Gilman, chairman and CEO at CEF Holdings.
Americans do not believe that any of the U.S. presidential hopefuls can deal effectively with terrorism, says Ian Bremmer, president of Eurasia Group.
*Brent up marginally, U.S. crude ends down but above $40 support. NEW YORK, Nov 19- Brent oil futures settled steady on Thursday while U.S. crude fell ahead of the expiry of the front-month contract and continued pressure from large inventory builds. Brent futures settled up 4 cents at $44.18 a barrel, after hitting a low of $43.70 earlier in the session.
Discussing the posibility of oil tanking to $20 a barrell with Brean Capital head of equity trading Roberto Friedlander.
Brent futures were flat at $44.14 a barrel by 11:52 a.m. EST, after hitting a session low of $43.70. U.S. crude's benchmark West Texas Intermediate futures fell 40 cents to $40.35, after hitting an intraday low of $41.05. "The dollar is certainly helping commodities today," said Scott Shelton, energy broker and commodities specialist at ICAP in Durham, North...
CNBC's Bertha Coombs reports natural gas inventories.
CRUDE FOR DELIVERY IN DEC. 2015 AT RECORD DISCOUNT. Nov 19- U.S. crude's benchmark West Texas Intermediate contract for December traded Thursday at a discount of $8 a barrel to December 2016 WTI. *The discount, or contango, widened to as much as $8, a record, earlier in the session, Reuters data shows.
Airstrikes and falling crude prices are cutting off money for the terror group.
*Oil prices could fall further- Goldman Sachs. *Iraq sells some crudes at $30/ barrel. Brent crude futures were up 49 cents at $44.63 a barrel by 1150 GMT.
A combination of successful airstrikes by Western governments and drop in oil prices are helping to cut Islamic State's revenues.
*Oil prices could fall further- Goldman Sachs. *Iraq sells some crudes at $30/ barrel. Brent crude futures were up 33 cents at $44.47 a barrel by 1030 GMT.
*Oil prices could fall further- Goldman Sachs. *Iraq sells some crudes at $30/ barrel. Brent crude futures were up 23 cents at $44.37 a barrel by 0908 GMT.
*March 2016 would mark start of low-demand spring season. *Steep rise in $35, $30 put options reveals downside targets. SINGAPORE, Nov 19- Oil traders are preparing for another downward turn in prices by March 2016, market data suggests, as what is expected to be an unusually warm winter dents demand just as Iran's resurgent crude exports hit global markets after...
Amrita Sen, chief oil analyst at Energy Aspects, says oil demand from India is growing year-on-year by 500-600,000 barrels.
Amrita Sen, chief oil analyst at Energy Aspects, says there is likely to be a hole in global oil supplies in the next few years as oil demand picks up.
Steven Brice, chief investment strategist at Standard Chartered Wealth Management Group, discusses the seasonal trends for stocks.
*Oil prices at risk to fall further- Goldman Sachs. SINGAPORE, Nov 19- Crude oil prices edged up in Asia on Thursday but still struggled to break away from the $40- per-barrel mark as oversupply and high inventories ensured an ongoing glut. Goldman Sachs said on Thursday there was still a downside risk to oil prices "as storage utilization continues to climb."
Oil markets have got support from the Paris attacks but it'll be short-lived because fundamentals are unchanged, says Reza Amanat, Middle East correspondent at Argus Media.
U.S. crude closed lower on Thursday on pressure from large inventory builds.
SINGAPORE, Nov 19- U.S. crude oil prices edged up in early trading in Asia on Thursday but are struggling to break away from the $40 per barrel mark as oversupply and high inventory levels ensure an ongoing glut. West Texas Intermediate crude futures were trading at $40.88 per barrel at 0031 GMT, up 13 cents from their last settlement. The contract fell below $40 for...