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
*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...
Australia's competition watchdog said Royal Dutch Shell's $70B takeover of BG Group would not change the domestic natural gas market.
BHP Billiton's s dividend policy could be impacted by damages from the Samarco dam burst, warns Tim Schroeders, portfolio manager at Pengana Capital.
CALGARY, Alberta, Nov 18- Pipeline company TransCanada Corp has announced new job cuts, as slumping oil prices continue to take their toll on its customers, a spokesman said on Wednesday. TransCanada and other energy companies based in the oil-rich Western Canadian province of Alberta have been hammered with thousands of layoffs in recent months due to the...
The "Fast Money" traders give their final trades of the day.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
NEW YORK, Nov 18- Oil fell to near three-month lows and U.S. crude futures slipped to below $40 a barrel before settling higher on Wednesday as short-covering lifted a market initially suppressed by worries about a global supply glut. U.S. crude's West Texas Intermediate futures settled up 8 cents at $40.75 a barrel, after hitting a session low at $39.91.
CNBC's Jackie DeAngelis reports on the oil market's close, live from the floor of the NYMEX.
U.S. oil futures sank below the key $40-per-barrel level, and now crude could test August lows and possibly fall into the low $30s per barrel.