Oil prices were on track to a weekly loss as potentially higher Iraqi crude exports and bearish U.S. inventory data weighed on the market. » Read More
Dennis Gartman, founder, editor and publisher of The Gartman Letter, says we've seen the end of OPEC as a "viable entity" as there is division among the cartel.
Tim Evans, Energy Futures Specialist at Citi Futures, tries to rationalize why OPEC members are not taking any action to curb recent price falls.
The energy sector's loss is another's gain, with many standing to benefit from consumers having more cash during the holiday shopping season.
Falling oil prices may be good news for consumers at the gas pumps, but they're bad news for some bankers in the oil patch.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. It was a very rough day for crude. Nat gas was down, as well.
World oil prices slid to new five-year lows on Monday after a core OPEC member said crude will remain at $65 for several months.
Oil prices fell to a five-year low on Monday, after Morgan Stanley cut its 2015 forecast for Brent crude.
Days after OPEC decided not to give into Venezuela's plea to cut oil production, Caracas is on a cash-searching mission.
Where does the oil slide end? Alan Harry, Spartan Commodity Fund, reveals where he sees the bottom for oil.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says the rise in U.S. oil production is similar to the increase in North Sea oil in 1986, and America needs to learn lessons in cost cutting and efficiency.
Daniel Hynes, Senior Commodity Strategist at ANZ, says it will take oil at least six months for demand and supply to re-balance.
Oil prices are expected to stabilize, but OPEC will probably be forced to cut production, analysts say.
US oil settled at a 5-year low as strong jobs data did little to lift the oil market's bearish mood a day after Saudi Arabia cut selling prices.
This is not a great time to be an oil producer, but some countries are hurting more than others.
Jim Rickards, Chief Global Strategist at West Shore Funds, identifies key points in Putin's speech on Thursday and explains why confrontation between Russia and the U.S. is set to continue.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Comments out of Saudi Arabia that the market will stabilize at around $60/barrel put downward pressure on oil's price. Nat gas and gold were down, as well.
Oil fell in choppy trading on Thursday as the debate for a sustainable price level continued.
Some may think that "the taps are going to shut, and everything's going to be horrible," says one insider. "But that's not going to be the case."
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The dollar got stronger, and crude was up for most of the day, due to short covering and a big drawdown on inventories.
U.S. crude futures held their gains after data from the Department of Energy showed oil inventories fell by 3.7 million barrels.