CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. » Read More
Gareth Lewis-Davies, senior oil strategist at BNP Paribas, says that China is building up a strategic stock of oil, and that low prices provide a "good opportunity to dip into the market and accelerate purchases."
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another big drop in oil dragged down equities. A GS forecast that said oil could go to $40 and OPEC refusing to cut production were the reasons why.
Oil slumped 5 percent to near six-year lows on Monday after Goldman Sachs slashed its short-term price forecasts.
Shell is definitely a choice for investors as the most "defensive" oil services stock currently says Jason Gammel, oil equities analyst at Jefferies.
Edward Morse, Citi commodities research, shares his outlook on crude prices. The U.S. will see a 40-percent cut in capex, predicts Morse.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude ended a little higher on the day, after Brent went under $50 last night. A significant build in gasoline could mean even lower prices at the pump.
A surge in U.S. gasoline and diesel supplies spells more trouble for oil prices but is good news for consumers.
In order to stem the free fall in oil prices, one of three key things must be done, says Sabine Schels, a commodity strategist at BofA Merrill Lynch Global Research.
Discussing the economics of oil prices, with Nicholas Green, Bernstein Research, and Chris Faulkner, Breitling Energy CEO.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil dropped another 4 percent today as traders look at the global economy and wonder where the tipping point actually is.
Oil prices sank to fresh 5-1/2-year lows extending losses after a 5 percent plunge in the previous session.
OPEC is looking to put a lid on the U.S. fracking boom, former Wells Fargo boss Richard Kovacevich tells CNBC.
Iran's government actually benefits from sanctions as they provide an excuse for the country's economic difficulties, an ex-presidential adviser said.
John Licata, Founder and Chief Energy strategist at Blue Phoenix, discusses the possibility of Saudi Arabia, the world's biggest oil exporter, taking action to arrest the collapse of oil markets.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude dropped under $50 today, but closed just above. Some traders are lowering their targets to the $30s. Gas saw its 102nd consecutive day of price drops. And nat gas closed under $3 on the day.
Wall Street is getting more bearish on the outlook for oil prices and some strategists see the market many months away from finding a floor.
Global benchmark Brent crude oil closed down nearly a dollar a barrel after a day of choppy trading, as strong mid-day rallies in crude fizzled.
Brent crude briefly dipped below $56 a barrel on Wednesday to a fresh 5-½-year low and was heading for its biggest annual decline since 2008.
Robert Jordan, former ambassador to Saudi Arabia, shares his thoughts on reported health issues of Saudi Arabia's King Abdullah and its implications regarding succession and the oil markets.
Oil futures struggled to remain in positive territory on Tuesday after rebounding from a 5-½-year lows.