Investors are rushing into the relative safe-haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Investors rushed into the safety of bonds Thursday and sold stocks, as it appeared the trade war could be prolonged and more painful for the world economy than expected.Market Insiderread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
Investors trying to get a gauge on the state of U.S.-China trade relations should look at shares of big chipmakers, according to Ned Davis Research.Marketsread more
The volatile stock of Tesla has lost over 40% so far this year, and experts are split on what might happen next.Trading Nationread more
The president addressed farmers and ranchers hurt by the trade war with China, just hours after his administration announced a new $16 billion farm and ranch aid package for...Politicsread more
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread more
J.P. Morgan Chase has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill...Banksread more
"I'm expecting oil prices will dip below $80 and in very short order," said top energy consultant Andy Lipow, of Lipow Oil Associates on CNBC's "Street Signs. "
Both pros shared a sentiment that was expressed by many other energy investors on CNBC; that is, the price of oil likely has farther to fall.
Speculation about where crude might stabilize quickly became a hot topic after oil prices plunged more than $3 a barrel during Tuesday's session; the decline was the biggest percentage drop since November 2012.
Chatter on Wall Street suggested the weakness was due to an which called for lower demand.
Adding to the bearish tone on Tuesday, a source familiar with oil policy in Iran, normally one of the first in to call for production cuts, followed Kuwait in saying there was no need to rein in supplies.
Yet pros on CNBC said the decline also had everything to do with the abundance of new discoveries found in North America.
"In our country we're undergoing an energy revolution. We're finding more oil and producing more oil hence prices are falling," added Skip Aylesworth of Hennessy Funds also on "Street Signs."
Given the confluence of events, all the pros believe the path of least resistance remains lower.
The impact on the economy, however, remains unclear.
Some pros, such as CNBC's Jim Cramer believe lower oil is largely a positive, because it leads to lower prices at the pump, and that ultimately benefits consumers. However, other pros such as Fast Money trader Guy Adami view lower oil negatively; they see it as a referendum on slower global growth.