Construction company Saudi Binladin, founded by Osama bin Laden's father, reportedly laid off 50,000 staff, as cheap oil spurs government spending cuts. » Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Increased tensions in Ukraine spiked oil prices today. Corn and wheat also spiked on geopolitical concerns.
The Middle East and other oil-producing countries are hotbeds of instability. So why is oil falling instead of rising?
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. WTI was down but Brent crude was up on the day. Nat gas was down and gold was up.
U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.
Hootan Yazhari, head of frontier markets equity research at BofA Merrill Lynch, explains why Saudi Arabia's move to open its market to foreign investors as a "huge game-changer for the region".
Nour Al Hammoury, chief market strategist at ADS Securities, says it's a "historic day" for Saudi Arabia and the region, as the kingdom announces it will soon open its market to foreign investors.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. Oil was down on the day, as was gold, although it still closed over $1,335.
The U.S. is producing vast amounts of oil—but isn't quite in Saudi Arabia's league just yet, according to experts.
Condensates—a super-light oil that's a byproduct of the U.S shale boom—could open the door to eventual crude exports.
Providing his perspective on Iraq, former U.S. Secretary of Defense William Cohen, says the most important thing to do is sure up the defenses in Jordan and Saudi Arabia to prevent ISIS from destabilizing both countries.
Ole Hansen, senior commodity strategist at Saxo Bank, comments on the oil market and says while there is no big problem, investors are trading "on the back of fears that could happen".
"This is going to burn for a long time," said Kenneth Pollack, a Brookings Institution senior fellow and a former CIA Iraq military analyst.
Energy stocks may be getting too rich and could quickly give up gains if the Iraq situation is defused, some analysts said.
Ali bin Ibrahim Al-Naimi, Saudi oil minister, says that there is "no risk" for the oil price at the moment and that only speculation makes the price fluctuate.
Oil sitting comfortably over $100 a barrel leaves OPEC ministers with an easy task to leave output steady at their meeting.
Advocates for more oil exports say it will lower U.S. energy costs. Not so fast, say their opponents.
The U.S. is the third-largest solar market, and it's growing rapidly because of private investment and federal support.
It's new, it's undoubtedly deadly. But is MERS creating too much panic? That may be the case, says one expert.
The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to offer investors.