jackie deangeles will tell us what to look out for. >> rep here's what to watch in energy for the second half of the year. domestic supply the market has certainly been off balance, despite the roughly 60% in oil rigs oil production is still 9.5 million barrels per day. there could be a pressure that could drive oil down to the 40s or even perhaps the 30s. also in focus, geo politics. how do conflicts in the middle east play out and will opec producti be threatened? the cartel will meet again in december. if there are no issues of violence across the region, wille cartel decide to cut production? there's iran. if the nuclear deal is reached and sanctions lifted will the internate flooded with oil? and what did demand? eurozone is a concern of oil prices to come. that's your second half energy outlook for "nightly busine" i'm jackie deangeles. >>> and finally tonight, the roads will be the busiest they've been in years this holiday weekend, thanks to a stronger economy and rising consumer confidence. aaa expects the number of american hitting the roads will be the greatest since 2007 beca

jackie deangeles at the nymex >>> a little bounce in prices. a little more than .25.rading at 51.69. about 1% this morning. we do have a stronger doll afrmt bucking the trend. yesterday, we saw a 3% selloff pretty steep in oil prices despite we had a pretty bullish inventory report. the market shrugging these reports off. we have many on the streets saying we still could see these oil prices going lower. bo taylor telling kate kelly he thinks we could see $30 in short order. we could balance between this $50 and $60 range for the next six months until we finish out the year. it will be interesting to see the catalyst. the production number from the eia at peak production levels. deet the demand is dropping. what the catalyst is to push us to the four handing, the three handle. price up 21 krerntcents, 57.67. >>> netflix hitting an all-time high after yesterday's hit. we will hear more from reed and the sweater that everybody can't stop talking about. walt mossberg coming up later on squawk alley. dow is up 48. back in a minute. what do you got to offer us today? ♪bala

i'm jackie deangeles reporting from the floor of the nighymex.ocks of 61 billion cubic feet a little less than traders were expecting. they were looking for a number around 70. we were trading higher before this report came out. it continues to be bullish for nat gas, trading at 2.92 at this point. the thing to remember, this is a number that's backward looking. we weren't having temperatures that were so hot but things have certainly heated up across the country this week and the ten-day forecast is saying the same thing. so some people are expecting to see nat gas prices hang out around this 290 range but they don't expect it to stay here for that much longer. remember, this is also a story about total stocks which are in good shape, well above where they were at this time last year. back to you guys at post 9 >>> gm one of the big movers of the morning. up almost 5% after the big second quarter beat. our phil lebeau has been all over the story all morning long and in chicago with details >>> the gm conference call started about a half hour ago

i'm jackie deangeles reporting from the nymex. 69 billion cubic feet right in the middle of the rangeere expecting. prices were slightly higher on this report. now, they are moving a little bit lower. remember gas has seen a nice pop, almost 5% in the last alone. this doesn't move on the fed or the jobs report or the dollar. this is a weather-driven trade. here is what we know. temperatures have been a little bit on the mild side. we also know total storage is in good shape. we know the producers are coming out with more and more nat gas. we are stuck at this 2.83 range right now. that's what traders are watching here. now, over to you sue herera with the cnbc news updates >>> what's happening at this hour? we start with the u.s. capital police giving the all clear at the navy yard coming after a report of shots fired and a lockdown but nothing was found. >>> a csx train carrying a toxic industrial material derailing and catching fire in eastern tennessee. 5,000 people have been evacuated from that area. authorities say several law enforcement officers had to be decontaminated and are