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CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude hit its highest level this year as inventories were a little less than expected. Cushing stocks were down as well.
Almost 20 percent of the world’s oil supply travels through the Strait of Hormuz between the Persian Gulf and the Arabian Sea.
Prime office real estate in some of the world's leading cities is about to take a hit from the falling price of oil.
Oil major BP reported a fall in profits on Tuesday, as the plunging price of oil continues to hit revenues for the sector.
Gas producer Gazprom said its net income declined by 86 percent last year to 159 billion rubles ($3.1 billion) due to a weaker Russian currency.
John Licata, founder & chief energy strategist at Blue Phoenix, says strength in the downstream enabled European oil companies BP and Total to report higher-than-expected profits.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was slightly higher on the day. Traders are looking to tomorrow's inventory report, particularly the production numbers.
Oil prices rose on Tuesday on reports Iran had seized a cargo vessel and as the dollar dropped to an eight-week.
Energy entrepreneur Boone Pickens said on Monday that he is standing by his call that oil goes higher this year and higher next year.
BP's earnings are "pretty good" but there are clear signs of cost control in the industry, says Chris Wheaton, portfolio manager and analyst of oil and gas at Allianz Global Investors.
Oil is up over 30 percent since its low in March. One pro predicts the rally will continue, but another says prices will fall near term.
The average price of gasoline in the U.S. rose about 5 percent in the past two weeks to $2.58 per gallon, according to the Lundberg survey.
U.S. elections have long featured a familiar whipping post. Yet thanks to the energy boom, it's one that may not play a role in 2016.
Scott Darling, Regional Head of Oil & Gas at JPMorgan, says stronger-than-expected demand will have more of an impact on oil markets instead of U.S. supplies.
Jim Cramer spoke with the CEO of Core Laboratories on the future of oil production and pricing. Time to fuel up the portfolio now?
With energy prices more than 40 percent lower than a year ago, you would think Americans would be ignoring solar power stocks.
Global Hunter Securities Analyst Mike Kelly names two oil stocks that could be taken out next.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude ended the day down a bit, but the losses weren't as big as traders expected.
James Brown, Assistant Professor at Temple University Japan, warns that the government's plan to restart nuclear plants is premature seeing as the public remains concerned about safety.
With nuclear power in the doldrums after the Fukushima disaster, it's solar energy that is becoming the alternative in Japan.