US oil closed at nearly a 3-week high after the US cut output forecasts and big producers signaled joint action to support the market.» Read More
Saudi Arabia's "dire action" to flood the crude market and squeeze out U.S. producers won't work, says American oil billionaire Harold Hamm.
Saudi Arabia says its strategy of squeezing high-cost rivals such as US shale producers is succeeding.
Jim Cramer spoke to legendary oil tycoon T. Boone Pickens. With crude on a crazy ride lately, could the oil rally be losing steam?
Because Canada has a diversified economy, oil's drop hasn't had a devastating impact, its finance minister said.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was slightly down on the day, settling under $60. Nevertheless, traders think prices are likely to go higher, as demand increases, and the dollar weakens.
Insight to Saudi Arabia's impact on oil prices, with John Kilduff, Again Capital, and Leo Mariani, RBC Capital Markets.
Richard Mallinson, geopolitical analyst at Energy Aspects, says that the latest report from the IEA stresses that the recent rally in oil prices" is "premature."
Railroad accidents are up in recent years, and Amtrak accidents are up even more than the national average, according to government data.
Abhishek Deshpande, oil and gas analyst at Natixis, says the U.S. is aware of its continued dependence on oil imports.
U.S. oil producers appear to have lost their battle with OPEC over market share, the International Energy Agency warned Wednesday.
James Albertine, Stifel Nicolaus, discusses what can take Tesla to $400.
With Nymex rebounding 40 percent since its lows of the year, many are asking if the uptrend will stay or whether if it is a short-term bounce.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude had a volatile day, as the EIA reported a slightly higher build than expected.
The recent rally in oil has forecasters tweaking their models to see what a sustained price recovery might look like.
OPEC insists it has not drafted a plan that contains a pessimistic price scenario and seeks production quotas.
In a monthly report released Tuesday, OPEC raised its 2015 global demand growth forecast to 1.18 million barrels per day.
The only languages that really count at this summer's OPEC meeting will be Arabic, Farsi, Kurdish and money.
A rally in the price of oil over the last couple of months has derailed a rebalancing of the commodity's price, Goldman Sachs warned.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC rebuffed the WSJ report saying prices would stay low. And fighting continued in Yemen.
With oil prices on the rise, is it safe to allocate money back into the sector? Kerry Craig, global market strategist at J.P. Morgan Asset Management, discusses.