Crude prices jumped Tuesday after the United States cut output forecasts and big producers signaled joint action to support the market.» Read More
The agreed framework for a nuclear deal with Iran would make the world a safer place if implemented, President Barack Obama said.
Iran and major world powers reached framework agreements on Iran's nuclear program and will move to complete a comprehensive deal by July.
Raymond James energy analyst Darren Horowitz said on Thursday that a lot of factors point to more oil price drops yet to come.
Discussing the outlook for the energy markets if an Iranian deal comes, and trading volatility, with Zachary Karabell, Envestnet, and John Wilson, Sprott Asset Management.
A statement is expected to say that enough progress has been made to continue talks on Iran's nuclear program until June 30.
Oil prices closed down as officials announced they had reached solutions on key parameters on Iran's nuclear program.
The onus for restoring the oil price back to an equilibrium lies on the shoulders of countries like the U.S., a top Goldman Sachs analyst told CNBC.
If a deal is reached with Iran and sanctions are lifted, how much of an oversupply in oil will we see? Richard Mallinson, geopolitical analyst at Energy Aspects, says it's a question of both volume and time.
Could advances in carbon capture and storage mean that guilt over using fossil fuels could soon be a thing of the past?
The pain may finally be coming to an end for these names, says “Mad Money” host Jim Cramer.
Analysts say the stars are aligned for crude to hit a rock-bottom price during this quarter.
CNBC's Jackie DeAngelis tracks crude prices as oil comes to a close.
As concerns about the glut of oil in the world continues to weigh, some have questioned why prices haven't fallen even further.
General Motors is striving to create light but spacious cars with its new Cadillac CT6 and Chevy Malibu, GM's Mark Reuss tells CNBC.
Brenda Shaffer, Georgetown Univ. adjunct professor, and Chad Brownstein, Rocky Mountain Resources CEO, weigh in on possible outcomes from the Iran nuclear deal for oil prices and the economy.
Negotiators could still reach a deal to lift sanctions on Iranian oil exports and send prices further south, analysts say.
Xavier Denis, global strategist at Societe Generale Private Banking, says the oil glut will suppress any rebound in prices and explains why gold will see continued downside.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil spiked at the end of the day, ending over $50/barrel. The inventory numbers weren't as high as expected and US production has declined.
Andrew Getty, 47, grandson of the oil tycoon J. Paul Getty, was found at his Hollywood Hills home. No cause of death was given. NBC News reports.
US oil closed up more than 5% after government data showed inventories rose for a 12th consecutive week.