CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil bounced around before it fell below $60 near the close. There's simply too much oil on the market and too little demand. And OPEC isn't going to cut production any time soon.
Vandana Hari, Asia Editorial Director at Platts, weighs the factors that could put a bottom to the recent slump in oil prices. She later explains why the short selling of oil isn't over yet.
While downward pressure will continue to weigh on oil in the near future, prices are unlikely to go below $43 a barrel, says Matt Smith, Commodity Analyst at Schneider Electric.
Michael Jones, Chairman and CIO at Riverfront Investment Group, calls the recent slump in oil prices as "a supply-driven collapse," which has been proven to benefit the global economy.
Vadim Zlotnikov, Chief Market Strategist and Co-Head of Multi-asset Solutions at AllianceBernstein, recommends investing in a basket of U.S. exploration and production (E&P) producers towards year-end.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today, as the commodity free fall continues. OPEC cut its 2015 demand projection and the Saudis ask why they should cut production.
Airlines that do not have fuel hedging, such as the Chinese airlines, will stand to benefit the most from cheap oil, says Corrine Png, Head of Asia Pacific Transportation Research at JP Morgan.
The recent plunge in oil prices is due to price wars, instead of structural market conditions, says Bambang Brodjonegoro, Finance Minister of Indonesia.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil started out lower but had a technical rebound. Traders bought the dips, but expect it to continue its fall. Gold popped on the day.
Nicholas Ferres, Investment Director for Global Asset Allocation at Eastspring Investments, says major European producers are trading below book value, which makes them an attractive play.
Daryl Guppy, CEO of Guppytraders.com, explains why oil prices could drop below $60 per barrel.
Gina Sanchez, Chairwoman & Founder of Chantico Global, explains that most OPEC member countries need to have oil above at least $80 a barrel to prevent civil unrest.
Keith Wade, Chief Economist at Schroders, explains the positive impact of a strong dollar and why it may be difficult for OPEC to squeeze out U.S. shale producers.
Tim Evans, Energy Futures Specialist at Citi Futures, tries to rationalize why OPEC members are not taking any action to curb recent price falls.
Peter Boockvar, Chief Market Analyst at The Lindsey Group, explains why a high P.E ratio in the U.S. means investors won't find any value there.
Adolfo Laurenti, Deputy Chief Economist & Managing Director at Mesirow Financial, explains all the macroeconomic factors impacting oil demand.
Adolfo Laurenti, Deputy Chief Economist & Managing Director at Mesirow Financial, says there are no creative solutions left for troubled euro zone nations like Greece apart from austerity measures.
Kenny Polcari, Director at O'Neil Securities, explains how weak oil prices will support global growth in the long run and create opportunities for the M&A industry.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. It was a very rough day for crude. Nat gas was down, as well.
Kelvin Tay, MD & Regional CIO, Southern APAC at UBS Wealth Management, says the Bank of Japan has to weaken the yen so it can compete with European exports.