Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
If oil markets remain calm, Fed chairman Ben Bernanke's comments on the economy, auto sales and ISM manufacturing data could have more sway over markets on Tuesday.
Even without rebellion in Libya and protests across the Middle East next week, the markets will consider Congressional testimony from Fed Chairman Ben Bernanke, and a long list of economic reports, including the February employment report on Friday.
Thursday's violent swings in oil prices put in a "blow off" top for WTI crude, and the market is in a neutral zone with a bias is to the upside, said oil analyst Mike Fitzpatrick.
As the most volatile week in months winds down, investors are more likely to quietly square positions Friday, ahead of the weekend and month end.
Again Capital's John Kilduff wonders if refiners could be producing more gasoline as prices rise.
Now that the much-anticipated pullback has arrived, traders are debating how low the skittish stock market can go. But one thing's for sure: It'll have a lot to do with oil.
Markets are grappling with new concerns that rising oil prices could stifle the economic recovery and steal away stock market gains.
Markets could be in for macro overload in the week ahead with central bankers, Friday's jobs report and OPEC dominating the headlines.
Take a look at some of Friday's early movers: TGT, AMZN, WMT, M, DIS & more
Even in a Thanksgiving holiday lull, financial markets are gearing up for a week of drama.
Names on the move ahead of the open.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
Senior Producer - Breaking News
Dominic Chu is a markets reporter for CNBC.
Evelyn Cheng is a markets writer for CNBC.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.