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  • LONDON, Feb 12- Oil prices jumped on Friday on prospects of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle and was up 4.42 percent at $31.39 per barrel at 1216 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...

  • LONDON, Feb 12- Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against its previous settlement and was up 4.9 percent at $31.53 per barrel at 0938 GMT. "The comments by the UAE oil minister are pushing prices up... but we're still in a...

  • We need a crash: Axiom managing partner

    David Benamou, managing partner of Axiom Alternative Investments, says a crisis, like the fall in oil prices, is needed to expose the risk dispersion.

  • SINGAPORE, Feb 12- Oil prices jumped almost 5 percent on Friday after comments by the energy minister of OPEC- member United Arab Emirates sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Friday's jump in Brent came after the United Arab Emirates energy minister Suhail bin...

  • SINGAPORE, Feb 12- Crude oil prices jumped more than 5 percent on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Friday's jump in Brent came after the United Arab Emirates energy minister said the Organization of the Petroleum...

  • SINGAPORE, Feb 12- Crude oil prices jumped almost 6 percent on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Yet analysts said they saw little chance of OPEC and non- OPEC producers agreeing on a common policy and that low prices as a...

  • An oil pump jack in Russia

    Oil prices jumped on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates.

  • SINGAPORE, Feb 12- U.S. crude prices bounced away from 12- year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Friday's jump came after a Middle East energy minister of an OPEC country said the producer club was willing...

  • What it will take to find a market bottom: Pro

    JPMorgan Funds VP Samantha Azzarello explains why oil's absolute price doesn't matter as much as stability.

  • Oil renews slide after bounce on possible OPEC cut

    CNBC's Jackie DeAngelis explains the volatility in oil prices after chatter of a production cut from OPEC.

  • The Organization of the Petroleum Exporting Countries headquarters in Vienna.

    Power Lunch panel discusses the latest developments out of OPEC regarding a production cut.

  • How low can oil go? 19 Hours Ago
    How low can oil go?

    RBC Capital Markets' Helima Croft looks to what may happen with oil prices with a drop today of lows not seen since 2003.

  • Companies can benefit when oil is getting crushed: Pro

    Seth Masters, AB Berstein, discusses all aspects of the market as he shares his his market outlook with the Power Lunch panel.

  • Hofmeister: US collateral damage from Saudi-Iran tension

    Two things will change the dynamics for oil prices, explains John Hofmeister, former Shell Oil USA President.

  • Critically analyzing commodities: Yellen

    Federal Reserve Chair Janet Yellen comments on low commodity prices, and the impact of the dollar value on production in the U.S.

  • Yellen: Substantial household gains from low oil

    Federal Reserve Chair Janet Yellen discusses the impact of lower oil prices on the U.S. economy.

  • Fear has taken over the market Thursday, 11 Feb 2016 | 10:04 AM ET
    Traders work on the floor of the New York Stock Exchange

    Fear has taken over the market and we’re getting closer to an inflection point, says Palisade Capital's Dan Veru. Here are four things to watch.

  • SAO PAULO, Feb 11- The Mexican peso hit a record low on Thursday as a lingering slump in oil prices and concerns over global growth drove investors away from riskier assets. Worried that lower crude prices and weakness in world No. 2 economy China could have lasting effects on the global economy, investors have been unwinding trades that sought to profit from high...

  • *Iran seen as stumbling block, unlikely to agree-sources. Top exporter Saudi Arabia might be warming to the idea, though it was too early to say whether the kingdom would give its blessing because any deal depends mainly on a commitment by Iran to restrict its plan to boost exports, the sources said. The proposal of a production "freeze" at current levels was floated...

  • China's pollution crisis at tipping point Thursday, 11 Feb 2016 | 9:00 AM ET
    China's pollution crisis at tipping point

    CNBC's Dina Gusovsky reports on how China's pollution problems are wreaking havoc on its people and its economy.