Oil prices reversed earlier losses and rose on Wednesday after weekly data showed an unexpectedly large drawdown in U.S. crude inventories.» Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks were up, and so was crude oil. Traders still expect prices to go lower in the next few days.
Oil companies are shying away from commenting on outlook as crude oil falls to multi-year lows; however, analysts are slashing estimates.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Gold was lower before the Fed meeting. A hawkish tone by the Fed didn't help. Oil was up slightly on the day on some technical buying and short covering. OPEC says don't panic.
Gas prices could fall below $3 a gallon nationwide by the weekend, and the already big savings for consumers should put some jingle in holiday shopping.
West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could go lower.
The recent drop in oil prices may soon take a big bite out of tax revenues in states that are big energy producers.
Oil titan Harold Hamm tells CNBC: Don't believe the hype. "There's not a glut in the market at all." The billionaire says he has no intention yet to pull back drilling.
Brent crude oil steadied below $86 a barrel on Tuesday, after dipping close to $85 earlier in the day, supported by a rally in European equities and a fall in the U.S. dollar.
WTI crude oil prices could soon fall to $75 a barrel, says some market observers.
Crude oil is going the way of the fossils that comprise it, commodities trader Dennis Gartman says.
Despite lackluster sales, General Motors is not backing down from its commitment to the Chevy Volt.
Fracking could open the way for the U.S. to overtake Saudi Arabia as the world's top oil producer, Platts said in a report on Tuesday.
CNBC's Dominic Chu takes a look at those sectors that are set to gain as oil prices fall.
BP increased dividends as it saw a jump in operating cash flow, despite lower oil prices and a drop in contributions from Russia.
Who is impacted most by falling oil prices, with Stephen Schork of The Schork Report.
If OPEC doesn't cut production, oil prices may continue to fall, Citigroup's Eric Lee said.
OPEC is losing its price-setting influence on global oil prices to U.S. shale production, according to Goldman Sachs analysts.
Art Cashin of UBS Financial Services says that if oil falls back below $80 it could put pressure on stocks.
Speculation is increasing that the Organization of Petroleum Exporting Countries will reverse course and cut production at its Thanksgiving meeting.
Discussing U.S. market volatility and buying opportunities in energy, with Brian Belski, BMO Capital Markets, and Hank Smith, Haverford Investments.