Oil prices fell nearly 3 percent on Monday on rising concerns that a global glut of crude and refined products would pressure markets. » Read More
Oil prices climbed about a dollar on Friday, driven in part by concerns about a collapse of the Ukrainian ceasefire and forecasts of unseasonable cold in the Midwest.
Oil production is at the highest in a decade in Nigeria, but the surge is not likely to last long.
Abdallah Salem El-Badri, secretary general of OPEC, says he is worried that the low oil price will have a negative impact on investment in oil projects.
Abdalla Salem El-Badri, secretary general of OPEC, says U.S. shale oil will decline but the Middle East and Africa will continue to produce cheap oil.
Matt Smith, Commodity Analyst at Schneider Electric, says OPEC's forecast for oil to average at $110 by 2020 remains realistic, but warns that prices will stay low over the next 6 months.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngeles reports the latest details on the world oil outlook from OPEC.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude bounced in the morning after reports of an explosion at a Saudi pipeline. That and a bullish inventory report drove the price up a bit.
Alejandro Barbajosa, VP, Crude & LPG - Middle East & Asia-Pacific at Argus Media, says Saudi Arabia's recent pricing decisions could prompt "strong cohesive actions" from OPEC.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil fell to $75 today but ended up a bit above $77. Strength in the dollar continues to drive oil prices lower.
Oil dived more than 3 percent on Tuesday to multi-year lows, as Saudi Arabia's sharp cut in export prices to the U.S. looked likely to deepen a supply glut.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude had a volatile day until Saudi Arabia was cutting the price of oil to the US.
West Texas Intermediate bounced back and forth between positive and negative territory just around the $80 level for most of the session.
Global oil prices spiked at midday on Monday, with benchmark Brent turning positive after a big hike in Saudi Arabia's monthly export prices.
Oil prices dropped on Friday and were headed toward a fourth consecutive monthly fall as another round of monetary stimulus from Japan pumped up the U.S. dollar.
Goldman Sachs' Jeff Currie says U.S. shale production is the new swing barrel.
CNBC's Kate Kelly talks with Goldman Sachs' Jeff Currie about his outlook on oil as the U.S. grows closer to total oil independence.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar took its toll on commodities today. Oil was down a buck, and gold got pummeled today.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Gold was lower before the Fed meeting. A hawkish tone by the Fed didn't help. Oil was up slightly on the day on some technical buying and short covering. OPEC says don't panic.
Brent crude dipped below $87 a barrel on Wednesday after the Federal Reserve announced the end of its bond-buying program.