CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. » Read More
OPEC's decision to keep its production target triggered a sharp decline in oil prices, reports CNBC's Steve Sedgwick.
Energy stocks should take their cue from energy futures, which could impact the U.S. stock markets says Michael W. Gurka, founder & president of BruinHill Partners.
After the OPEC meeting, Saudi Arabia clearly no longer wants to be the global "central bank for oil" says John Stephenson, president & CEO of Stephenson & Company Capital Management.
Recent evidence shows a divergence between the correlation of crude oil prices and the Canadian dollar, says Derek Halpenny, European head of global currency research at Bank of Tokyo-Mitsubishi UFJ Ltd.
Due to the OPEC meeting's result, no OPEC member country wants to see oil under $80 per barrel, yet countries are "tactically" forcing other members to "share the burden" says Jason Gammel, oil & gas equity analyst at Jefferies.
Low oil prices will give consumers more spare cash and be a positive for global growth, Kit Juckes, global head of foreign exchange strategy at Societe Generale says.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, explains why he sees further declines in oil prices next year.
William Ma, Deputy CIO at Gottex Penjing Asset Management, says the firm may allocate more funds to oil importing countries like India as a result of sinking oil prices.
David Hewitt, Co-head of Global Oil & Gas Equity Research at Credit Suisse, says OPEC is facing an economic conflict with U.S. shale producers.
Andrew Cowen, Deputy CEO at Hong Kong Express, says oil makes up about 45 percent of costs so the commodity's recent decline translates into higher profits ahead.
Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.
Kerry Series, Founder and CIO, Eight Investment Partners, says recent declines in oil prices are stimulatory for the global economy.
David Lennox, Resources Analyst at Fat Prophets, says the next few OPEC output reports may show a different story to rhetoric at Thursday's meeting. Richard Martin of IMA Asia joins in the discussion.
Richard Martin, Managing Director at IMA Asia, says U.S. oil can drop sink below $60 in the near-term. In Asia, prices are dependent on China, he warns.
Russia's most powerful oil official said in an interview with an Austrian newspaper that oil prices could fall below $60 by mid-way through next year.
The Organization of Petroleum Exporting Countries (OPEC) decided on Thursday not to cut oil production, despite sliding oil prices.
European shares closed higher with investors reacting to fresh euro zone data, but oil stocks slid after OPEC decided to leave output unchanged.
European shares closed higher on Thursday with investors reacting to fresh data from the euro zone, but oil and gas stocks saw heavy selling after the Organization of the Petroleum Exporting Countries (OPEC) decided to leave output unchanged.
OPEC's first female president, Diezani Alison-Madueke, says that non-OPEC members need to "share the burden" of falling oil prices.
After OPEC's decision to hold oil production, Bill Farren-Price, CEO of Petroleum Policy Intelligence, says that the organization will inevitably hold another meeting if prices continue to decrease.