Peter Tertzakian, ARC Financial Corporation, explains what's behind low oil prices and if the Saudis are trying to "pop the oil balloon."
Commodities analyst Helima Croft says Saudi Arabia will likely keep oil prices low only for the next six months.
Helima Croft, RBC Capital Markets, shares her forecast for OPEC and oil production.
Will cheaper fuel cause consumers to spend more in the U.S. retail sector? Oliver Chen, senior analyst at Cowen and Company, says he thinks that luxury brands like Tiffany, rather than lower-end retail, will benefit from the fall in the price of oil.
Simon Laing, head of U.S. equities at Invesco Perpetual, says that when low oil prices start to feed into consumer spending it will be positive for the U.S. economy.
The current situation in oil is out of OPEC's control, Pickens wrote on Twitter on Tuesday.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today, as the spread between WTI and Brent narrowed. OPEC announced it would still not cut production.
Oil prices continued their rout with Brent crude and US WTI both falling to their lowest in almost six years.
Dan Dicker, MercBloc president, provides insight into oil's downward momentum and how the lack of buyers impacts prices.
The oil price is nearing a 6-year low. Richard Mallinson, geopolitical analyst at Energy Aspects, says markets are looking for "a turning point" in oil production and it will end up being non-OPEC countries that cut supplies.
CNBC's Jim Cramer said Tuesday that countries around the world, including China and India, are starting to benefit from oil's price plummet.
CNBC's Jackie DeAngelis reports oil is off session lows, but sits below $45 a barrel, and OPEC says there will be no backing down in terms of production.
Multinational businesses that do business overseas could feel a "drag" from the stronger dollar, says Ken Kamen, president of Mercadien Asset Management, but growing demand globally as oil prices drop could offset this later on.
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.