U.S. crude futures fell towards $47 a barrel after a stock market sell-off rattled investors, adding to concerns of an oil supply glut.» Read More
SINGAPORE, March 17- Brent crude oil prices reversed most of their early gains to steady below $54 per barrel on Tuesday as high ongoing oversupply dragged on the market. Brent, which rose to a session high of $54.38, was trading at $53.99 by 0430 GMT. U.S. crude, or West Texas Intermediate, was at $43.69 a barrel, down 19 cents and slightly above 6- year lows of $42.85 hit...
David Lennox, resources analyst at Fat Prophets, says oil prices could fall to $40 a barrel or below as significant oversupply persists.
SINGAPORE, March 17- Brent crude rose above $54 a barrel on Tuesday, recovering some of the previous session's losses when it dropped to a six-week low, although concerns over a worsening global supply glut kept a lid on gains. May Brent crude rose 20 cents to $54.14 a barrel as of 0300 GMT. U.S. crude fell 6 cents to $43.82 a barrel, after settling down 96 cents a day ago...
Oil prices were under pressure for a fourth straight day on Tuesday on expectations of a 10th week of record builds in U.S. crude.
SINGAPORE, March 17- U.S. crude futures held below $44 a barrel on Tuesday on concerns U.S. crude stockpiles could hit a record high for a tenth straight week, while Libya and Iran may add to output in an already oversupplied market. *U.S. crude for April delivery was unchanged at $43.88 a barrel as of 0033 GMT after it closed down 96 cents in the previous session, having...
The economies of Gulf oil exporting nations look increasingly strained, new forecasts show, but economists say there's still no cause for alarm.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Oil keeps trying to find a bottom, but the supply glut has oil at 6-year lows.
Hammered by oversupply, U.S. oil prices fell 60 percent from $107 a barrel in June to below $44 a barrel in January before rallying and trading in a range around $50 in February. "We thought the market was being supported by a couple of false positives, and a couple of one-offs that we didn't think were sustainable into the second quarter," said Michael Cohen, head of...
Discussing the next driver for gasoline prices, with Carl Frost, Frost and Sullivan; and Chris Faulkner, Breitling Energy.
*Signs of nuclear deal and end of sanctions for Iran add pressure. NEW YORK, March 16- Oil prices fell 2 percent on Monday, with U.S. crude hitting six-year lows, on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market. The United States and Iran, meanwhile, inched closer...
Exploration and production firms have issued nearly $9 billion in stock this year, well above recent first-quarter totals.
CNBC's Bertha Coombs tracks rig counts and oil production as crude comes to the close and dips below $43 for the first time in more than six years.
U.S. oil production continues to rise despite falling crude prices, but Richard Hastings tells CNBC that output growth could go negative by May.
CNBC's Bertha Coombs reports the price of oil is weakening to $43 on worries about the oil glut.
The Federal Reserve won't hike rates early says Andrew Sheets, chief cross-asset strategist at Morgan Stanley, who explains the factors that will impact its decision.
Fadel Gheit, Oppenheimer & Co., shares his outlook on oil and what would likely bring down the price of gasoline.
LONDON, March 16- Brent crude oil fell to around $53 a barrel on Monday, its lowest for more than a month, on rising global inventories and signs of a possible nuclear deal with Tehran that could allow more Iranian oil exports. Western powers are hoping for concessions from Tehran that could help clinch an agreement in nuclear talks this week after the United States...
Amrita Sen, Energy Aspects, and Richard Hastings, Global Hunter Securities, join the "Squawk on the Street" team to discuss the latest in oil and why traders are eyeing U.S. production levels.
CNBC's Bertha Coombs discusses oil and products as Brent premium widens.
CNBC's Bob Pisani looks ahead at oil, global equities, and Anheuser-Busch.