In a research note released Thursday, strategist at Citi say the world seems trapped in a 'death spiral' that could lead to a global recession and bear market in stocks. CNBC's Seema Mody reports.» Read More
CNBC's Brian Sullivan reports on the close of the commodities markets. Oil was up about 3 percent on the day, but natural gas got hit again.
*Oil could fall to $25/ bbl by early 2016, Danske Bank says. "People are buying on the dips," said Jeffrey Grossman, crude dealer at New York's BRG Brokerage, who expects Brent to return closer to the $40- a-barrel level it fell under last week. Brent was up $1.05, or 2.8 percent, at $38.97 a barrel by 1:12 p.m. EST after hitting a session high of $39.41.
Discussing the supply and demand dynamics for oil, and whether oil can get to $50, with Francisco Blanch, BofA Merrill Lynch.
Virtu Financial executive chairman Vinnie Viola, weighs in on the move lower in oil.
CNBC's Bertha Coombs has the latest details on the move in oil prices.
“That whoosh we got yesterday really had the look of some capitulation,” Again Capital's John Kilduff says.
The rating's agency expects the oil price rout to continue amid the oversupply.
John Kilduff, Again Capital, shares his outlook on oil prices.
Brent crude, the global benchmark, traded up 40 cents, or 1 percent, at $38.32 a barrel at 0913 GMT, levels last seen in late 2008. U.S. crude was trading at $36.49, up 18 cents. It's pretty obvious shorts started to take profit when Brent prices dropped down to the 2008 low, "said Tamas Varga, oil analyst at London- based PVM Associates. With OPEC pumping strongly and U.S....
Moody's sharply lowered its oil price assumptions on Tuesday, amid a threat of a prolonged oversupply.
*Gasoline demand rising in Asia, Europe and North America. SINGAPORE, Dec 15- Even with a global glut in oil supplies set to last well into 2017, indications are emerging that a recovery in prices could get underway sooner rather than later. Oil prices have fallen by two-thirds since mid-2014 to trade near 11- year lows below $40 a barrel and most analysts don't...
The takeover requires the support of a majority of Shell shareholders and 75 per cent of those at BG, the FT reports.
Hartmut Issel, APAC head of equity and credit and CIO of UBS Wealth Management., discusses whether the weakness in junk bonds and oil prices could derail the U.S. economy.
Oil rebounded by nearly 3 percent on Tuesday, halting a slide to 11-year lows, ahead of a key Fed meeting.
History is repeating itself on the Nymex, and although $10 oil looks a long shot, technical analysis indicates that prices have further to fall.
"The carte blanche that OPEC members were given to pump at capacity is already being enforced," says Alejandro Barbajosa, VP for crude Middle East and APAC at Argus Media.
TOKYO, Dec 15- U.S. crude oil prices fell in early Asian trade, resuming their decline after strong gains on Monday snapped a six-day losing streak, on concerns about a global glut and mild winter demand. Bearish sentiment remains strong, fueled by an OPEC decision earlier in December to abandon setting a production ceiling for the oil cartel and a likely rise in...
Unless the Fed shocks investors with a hawkish tone, oil conceivably could be a bigger factor for credit markets.
Valuations in the United States are not looking particularly attractive, says Stephen Davies, CEO of Javelin Wealth Management.
Lifting the 40- year ban on oil exports is the top priority in a $1.15 trillion spending bill for many Republicans, including Senate Majority Leader Mitch McConnell of Kentucky, because it would offer new markets to drillers suffering from a glut of crude that has helped reduce oil prices to below $40 a barrel. Hatch was unable to guarantee that Congress will be...