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
Thomas Friedman, New York Times columnist, digs into current global flash points, including talks regarding the Iranian nuclear deal deadline.
Discussing the looming Iran nuclear deal deadline, and the upcoming OPEC meeting, with Stephen Schork, The Schork Report.
Todd Horwitz, author and founder of Averagejoeoptions.com, looks ahead to today's trade from the U.S. markets and the upcoming OPEC meeting.
Tim Rezvan, vice president of energy research at Sterne Agee, talks about the upcoming OPEC meeting, saying there's no "easy solution to support oil."
Sabine Schels, senior director and global commodity strategist at BofA Merrill Lynch, talks about the upcoming OPEC meeting, saying they believe OPEC will be "reluctant to cut much further" in oil production, in order to stay competitive and keep market share.
Saudi Arabia wants U.S. shale producers to take up the responsibility of reducing output to restore balance in oil markets, says Christian Schmollinger, Senior Managing Editor at Platts.
Dominic Schnider, Head of Commodities & APAC Forex at UBS Wealth Management, expects OPEC to cut production by 0.5 million barrels per day at its upcoming meeting, allowing prices to recover by $10-15 into 2015.
Iran will try to persuade Saudi Arabia to cut oil production when ministers from the two OPEC members meet this week, Mehr news agency reported.
Oil traders are looking ahead to next week's OPEC meeting, and the looming deadline for the Iran nuclear deal. Peter Amandio, Chicago Energies Inc., and Chad Brownstein, Rocky Mountain Resources, both don't think OPEC will cut production.
US crude settled below $80 a barrel after China cut interest rates and on speculation OPEC could agree to reduce oil production.
Jim Iuorio, TJM Institutional Services, assesses the risk associated with next week's OPEC meeting for traders.
CNBC's Jackie DeAngelis is tracking the action in the energy complex ahead of next week's OPEC meeting, and the looming deadline for the Iran nuclear deal.
Art Cashin of UBS, shares his forecast for next week's OPEC meeting.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil is in a wait-and-see pattern, as traders look ahead to next week's OPEC meeting. Traders expect it to stay around $75.
U.S. crude settled up $1 at $75.88 per barrell on Thursday as strong U.S. economic data bolstered crude markets.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI was down again, and stayed under $75 after a 2.4 million barrel build. Nat gas popped due to the cold weather.
Contracts for U.S. crude pared earlier losses to settle at $74.50 as Libya fueled hopes of that OPEC would cut oil production.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again, and closed under $75. Traders say there could be more pressure from here. Nat gas was down on the day.
Oil extended its slide on Tuesday as traders looked toward Saudi Arabia and OPEC for signs the cartel would cut output.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The global supply glut concerns continue, as WTI and Brent were both down on the day. Nat gas popped 7 percent as cold weather hit the midwest.