Brent crude prices fell on rising output from the Middle East and ahead of an OPEC meeting later this week, while U.S. crude edged higher. » Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was under $80 before the EIA report, but rallied afterward.
Oil prices are falling, but Saudi Arabia has indicated that it's willing to put up with cheaper crude oil for now.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A volatile day with energy futures. WTI was down slightly on the day, after falling below 80 for the first time since June 2012. Gold was up about $10 on the day.
John Hofmeister, former Shell Oil president, shares his outlook on oil as prices get crushed.
Matt Smith, Commodity Analyst at Schneider Electric, attributes the steep declines in oil prices to the IEA's downgrade in oil consumption and reluctance by OPEC to cut output.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead onto where oil prices are likely headed. Oil continued its downward dive, hovering around $83. A severe decrease in demand is one of the reasons why oil is dropping so much.
I don't think it can go below $80, says Carl Larry, Oil Outlooks and Opinions, sharing his thoughts on OPEC's high stakes game of chicken with oil prices.
Antoine Halff, editor and head of the oil industry and markets division at the IEA, discusses the oil market and says OPEC countries may not play their traditional swing producers role going forward.
Oil prices should stay at their currently low levels, or drop further, due to a "perfect storm" of risk factors.
Saudi Arabia is telling oil market participants that it's fine with lower oil prices for an extended period.
Victor Shum, VP of IHS Energy Insight, says OPEC oil producers seem to be entering a war for market share and that will drive prices lower.
Amid factors like a stronger U.S. dollar and slowdown in Europe, only a new supply shock will be able to reverse falling oil prices, says John Kingston, Director of News at Platts.
John Licata, Founder & Chief Energy Strategist at Blue Phoenix, discusses the significance of the upcoming OPEC meeting for oil prices.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. More downward pressure on oil today, as WTI fell under $86/barrel.
A harsh northern hemisphere winter, OPEC supply cut and volatile geopolitics may send oil prices back towards $100 a barrel.
David Lennox, Resources Analyst at Fat Prophets, expects members of the OPEC cartel to announce a cut in production if oil prices continue to fall.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today. The DOE report showed higher-than-expected build in supplies.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Negative economic data sent commodities prices lower today.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude started out lower but closed slightly higher. A number of areas are seeing gas prices under $3/gallon.
Discussing the economic environment for oil prices, and Saudi Arabia's position in the industry, with John Kilduff, founding partner at Again Capital.