2015 as it was this year . We have all that and more tonight on nightly Business Report for monday, december 29th. Good evening, everyone. Im susie gharib. Im Bill Griffeth in for tyler mathisen. The price of oil fell to a fresh multiyear low today on expectations that a global glut of crude oil may keep growing into the new year. Now, it didnt start out that way. Oil today actually began the session higher on concerns that unrest in libya could put a cramp on global supplies but by the close of trade, futures had dipped to a new fiveyear low on a swell in supplies. Light sweet crude closed at 53. 61 a barrel and the benchmark brent crude in dlon was down 1. 57 closing at a 5 1 2 year low of 57. 88 a barrel. Jackie deangelis has more on todays wild swings in the price of crude and what could affect Oil Prices Moving forward. Reporter another volatile day for crude prices. We saw a bit of a pop in prices this morning after traders were concerned about reports of clashes in libya around
Report for monday, december 29th. Good evening, everyone. Im susie gharib. Im Bill Griffeth in for tyler mathisen. The price of oil fell to a fresh multiyear low today on expectations that a global glut of crude oil may keep growing into the new year. Now, it didnt start out that way. Oil today actually began the session higher on concerns that unrest in libya could put a cramp on global supplies but by the close of trade, futures had dipped to a new fiveyear low on a swell in supplies. Light sweet crude closed at 53. 61 a barrel and the benchmark brent crude in dlon was down 1. 57 closing at a 5 1 2 year low of 57. 88 a barrel. Jackie deangelis has more on todays wild swings in the price of crude and what could affect Oil Prices Moving forward. Reporter another volatile day for crude prices. We saw a bit of a pop in prices this morning after traders were concerned about reports of clashes in libya around one of the key export termen always but then prices went sharply lower, closing a
2015 as it was this year . We have all that and more tonight on nightly Business Report for monday, december 29th. Good evening, everyone. Im susie gharib. Im Bill Griffeth in for tyler mathisen. The price of oil fell to a fresh multiyear low today on expectations that a global glut of crude oil may keep growing into the new year. Now, it didnt start out that way. Oil today actually began the session higher on concerns that unrest in libya could put a cramp on global supplies but by the close of trade, futures had dipped to a new fiveyear low on a swell in supplies. Light sweet crude closed at 53. 61 a barrel and the benchmark brent crude in dlon was down 1. 57 closing at a 5 1 2 year low of 57. 88 a barrel. Jackie deangelis has more on todays wild swings in the price of crude and what could affect Oil Prices Moving forward. Reporter another volatile day for crude prices. We saw a bit of a pop in prices this morning after traders were concerned about reports of clashes in libya around
German bund got to nearly 80 basis points. Oil relatively flat. The tenyear hit 2. 30. The rising vix, some of these yields went bananas around 6 00 a. M. Eastern. Because of the percentages and how low they are in germany, you have a little change in germany, its a dramatic rate increases. People are losing fortunes. Now its 2 trillion in two weeks. When people say why are some of our stocks down look at the pain. People believe negative rates would get more negative even though there certainly was this risk. Yes. That was just dead wrong. We are seeing one of the things i think is just shocking to me is this dollar. The consensus was the dollar was in parity all these things you heard. Dollar you better get to europe quickly. Im booking that amalfi coast trip now we ought to hear about alibaba. They turned the s p futures. Lets do that. Alibaba shares are up in the premarket after the companys earnings did beat expectations. Also the Company Announcing its current chief operating off
I like gdi calls. Go to march. Give yourself some time. Doc j . Away, march 25 calls. All right, im melissa lee. Thank you for watching. See you tomorrow, 9 00 a. M. For squawk on the street, back at 5 00 for more fast money. Dont go anywhere. Mad money with jim cramer starts right now. Im jim cramer. And welcome to my world. You need to get in the game. Going out of business and hes nuts, theyre nuts they know nothing i always like to say theres a bull market somewhere mad money, you cant afford to miss it. Hey, im cramer. Welcome to mad money, welcome to cramerica. Other people want to make friends, im just trying to save you a little money. My job is not just to entertain you but to educate. So call me at 1800743cnbc. Even on days like today where the fed didnt say anything we didnt already know, but people used it as an excuse, an excuse to take some profits. Dow dipping 44 points, s p sinking. 39 . Nasdaq declining. 36 . You can feel the pain the house of pain. Its the pain of the