With OPEC deal falling into place and other market forces at work, the new norm for crude could be $50 to $60, says trader Naeem Aslam.
Oklahoma City-based Devon Energy, for one, leaped more than 13.5 percent in morning trade.
CNBC's Steve Sedgwick reports the latest surrounding OPEC's production agreement. Mike Rothman, Cornerstone Analytics, weighs in.
Doug Terreson, Evercore ISI, shares his take on OPEC's production agreement, and what this means for oil. The "Fast Money Halftime Report" traders weigh in.
All 14 members of the Organization of the Petroleum Exporting Countries agreed to cut output by about 1.2 million barrels per day.
OPEC has reached a deal to curtail oil production for the first time since 2008, the oil-producing cartel announced on Wednesday.
CNBC's Jackie DeAngelis discusses the morning activity in the commodities markets after oil surges on reports of an OPEC production deal.
Saudi Arabia's minister of energy told CNBC that he was relatively optimistic that OPEC could agree a deal to curtail oil production.
CNBC's Jackie DeAngelis discusses the day's crude oil and gasoline inventories.
JBC Energy Founder, Johannes Benigni, gives his thoughts on what to expect out of OPEC from its latest meeting in Vienna, and whether there will be a cut.
In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq.
JBC Energy Founder, Johannes Benigni, weighs in on where he thinks oil prices are heading in the coming year.
London is set to be home to the world's first double-decker powered by hydrogen.
United Arab Emirates Oil Minister, Suhail al Mazroui, talks about the barriers facing OPEC at present, and what the oil cartel wants to achieve at the meeting.
United Arab Emirates oil minister, Suhail al Mazroui tells CNBC that the oil market will eventually correct itself.
Financial markets are on edge Wednesday as OPEC wavers on a plan announced nearly two months ago to cut crude oil output.
Speaking in Vienna, CNBC’s Steve Sedgwick discusses the likelihood of OPEC reaching a consensus on its oil output.
OPEC member countries are posturing, but a deal is likely to be made, says David Hewitt at Credit Suisse.
Signs are improving but still below trend in both the oil markets and the economy, says Taurus Wealth Advisors' Michael Preiss.
An OPEC agreement will be reached, but it remains to be seen how significant its terms are, says Jonathan Barratt, CIO at Ayers Alliance Securities.
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