Crude oil futures slid on Wednesday after prices hit two-week highs in the previous session as tension mounted in the Middle East.» Read More
Oil could bottom around $40 a barrel but if it does, it won't linger there long, oil trader Andrew Hall said in an investor letter.
The broadly lower cost per barrel could present a new business opportunity for the world's largest private jet company.
The financial sector's drop provides a window to snatch up stocks at cheap prices, an analyst said.
A world awash in oil does not bode well for producers during the critical summer months when gas prices typically rise.
Crude oil has gotten whipsawed to both the upside and downside of late. And for two traders, that indicates that the plunge could finally be over.
Discussing the severity of the weaker oil drill rig count in Canada, with Jim Prentice, Premier of the Province of Alberta.
CNBC's Jackie DeAngelis reports rig count decline is giving a boost to the price of oil.
As the price of oil declines, consumer advocates urge major U.S. airlines to lower ticket prices, NBCNews reports.
A rally in the oil market that sent prices soaring 22 percent was technical in nature, John Kilduff tells CNBC.
The rollercoaster ride in oil prices continued on Thursday, after the market tumbled on news that U.S. inventories were at a near-80 year high.
Saudi Arabia will continue to dip into its cash reserves to temper the ongoing storm in oil markets, the country's finance minister told CNBC.
Oil rose on Thursday after China took steps to pour liquidity into the world's second-biggest economy.
Global oil companies are gritting their teeth as crude's slump cuts into their profits, but reports suggest Chinese national oil firms may be immune.
Could we see a bottom to the oil price soon? Henry Dixon, fund manager at GLG, weighs in and says that the oil price is not a "dividend threat" to oil majors.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude oil popped today, closing over the $50 level. Also, the natural gas drawdown was far lower than expected, which drove prices down.
Weatherford plans to cut 5,000 jobs by the end of the first quarter as it tries to save costs amid sinking oil prices and budget cuts.
A shakeup at the top won't fix Petrobras' most fundamental near-term problem: a mountain of debt coupled with low oil prices.
Hedge and private equity funds are worked up about the energy opportunity—and investors are starting to listen.
As oil prices fall, it becomes harder for energy companies to maintain profitability.
A four-day rally which pushed crude prices to their highest levels this year collapsed as U.S. crude oil supplies rose by 6.3 million barrels.