Oil rose on thin volumes after a forecaster predicted that a market rally was not far off and Fed minutes suggested there was no hurry to raise rates.» Read More
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.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil ended it's winning streak today after a massive crude oil build was announced by EIA. Traders say swings like this could be commonplace.
Oil extended losses on Wednesday, reversing a four-session rally, after US crude inventories rose by 6.3 million barrels.