CNBC's Dominic Chu tracks the markets extraordinary moves this week as oil prices rally and the Dow and Nasdaq close out of correction.» Read More
CRUDE FUTURES EXTEND GAINS, BRENT TURNS HIGHER ON FIRST HURRICANE OF 2015 ATLANTIC SEASON.
A play on oil as energy stocks near six-year lows, with Doug Terreson, Evercore ISI.
CNBC's Jackie DeAngelis reports the latest numbers from the EIA Inventory Report.
Eric Lee, Citi analyst, shares his outlook on oil as energy stocks sink to near six-year lows.
*NetApp up as results beat expectations. Aug 20- Wall Street was set to open lower for the fourth straight day on Thursday, a day after minutes from the latest Federal Reserve meeting highlighted concerns over the state of the global economy and as oil prices hit their lowest since 2009.. U.S. crude oil prices fell to almost $40 a barrel as higher supplies in North...
Jamie Webster, IHS senior energy director, provides his outlook on oil and why it will likely be trading in the $30s range for the next few months.
An unexpected rise in crude supplies sends prices lower.
"Another disappointing year" looms for Mexico, with growth hit by the rout in the oil price and falling crude production.
The United States imported 56.3 million barrels of crude in the week ending Aug. 14, up from 53.0 million barrels the week before, according to the U.S. Energy Information Administration. Higher imports largely accounted for the reported 2.6 million barrel increase in commercial crude stocks, though refinery processing also slipped as a result of problems at...
ALMATY, Aug 20- The tenge lost more than a quarter of its value on Thursday as Kazakhstan fired the latest salvo in an emerging market currency war, ditching a trading band stretched to breaking point by sharp falls in crude and commodities prices. Prime Minister Karim Masimov said floating the tenge would recover ground that oil-dependent Kazakhstan has lost...
Matt Smith, Clipper Data, shares his outlook on oil prices. Refining runs are dropping, says Smith.
LONDON, Aug 20- U.S. crude oil prices fell to almost $40 a barrel on Thursday, its lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels. All the main oil futures contracts looked to be heading lower, PVM Oil Associates director and technical analyst Robin Bieber said.
*WTI hovers slightly above $40/ b, Brent tests $47/ b support. SINGAPORE, Aug 20- Oil prices fell again on Thursday as supplies rose both in North America and the Middle East, with U.S. contracts hovering slightly above $40 per barrel, levels not seen since the credit crunch of 2009, and globally traded Brent falling below $47. Supplies were also added from Canada, which...
Abhishek Deshpande , oil and gas analyst at Natixis, says a falling oil price could accelerate consolidation across the North American energy sector.
Bob Iaccino, chief market strategist at Tehthys Partners, expects the price of West Texas Intermediate (WTI) crude oil to hit $38 a barrel on the back of weakening demand amid a supply glut.
The supply glut, driven by technology, is the prime culprit behind the fall in oil prices, says Jim McCaughan, CEO of Principal Global Investors.
U.S. crude prices extended gains and Brent briefly turned higher on Thursday as the first hurricane of the 2015 Atlantic season sparked concern.
SINGAPORE, Aug 20- Oil markets opened up weak on Thursday following sharp falls the previous session, with U.S. contracts hovering slightly above $40 per barrel, levels not seen since the credit crunch of 2009, and globally traded Brent tested support at $47. U.S. crude futures were trading at $40.69 per barrel at 0024 GMT, levels not seen since the peak of the global...
The "Fast Money" traders discuss what is high on their watch list.
Rich Ross, Evercore, discusses the long term moving average for the NYSE oil index as oil reaches new lows.