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Oil prices hit one-month highs on Monday as speculation intensified over potential producer action to support prices.
CNBC's Sharon Epperson reports the latest on oil, live from the NYMEX.
Oil markets may have adjusted enough for Saudi Arabia to consider intervening to prop up crude prices, Credit Suisse's Jan Stuart said.
How much is known about smaller oil nations that play a role in lubricating the world with crude?
Analysts believe the lackluster outlook for global demand – amid a shaky global growth environment and stubborn oversupply - is a concern.
Stocks rose, with the three major indexes posting simultaneous record closes for the second time in less than a week.
Stephanie Link, TIAA Global Asset Management Portfolio Manager, discusses her bet on an energy rebound and upcoming retail earnings, including her picks with the "FMHR" traders.
Russia is consulting with Saudi Arabia and other producers to achieve oil market stability, Energy Minister Alexander Novak said.
The billionaire hedge fund manager cut back on some of his biggest bets in the energy sector and sold off other names during the second quarter.
Xylem said on Monday it would buy Sensus USA, a provider of advanced metering technologies to utilities, for around $1.7 billion in cash.
It is hard to see any coordinated action on production cuts ahead of the informal September OPEC meeting, says Argus Media' Alejandro Barbajosa.
Through his company CVR Energy, Icahn is preparing a bid for a Brentwood, Tennessee-based refiner, according to a report.
Helima Croft, RBC Capital Markets, discusses Saudi Arabia's shift in oil, and whether she thinks an OPEC production freeze is coming.
The National Weather Service advised residents large swaths of Louisiana and Mississippi to seek higher ground.
Saudi Arabia's top priority remains defending its market share despite signs oil producers will intervene to prop up prices, Dan Yergin says.
Another nation is set to extract oil and expects to be adding to global production by June next year.
Reporter Phil LeBeau visits mining companies in Nevada’s Central Valley, where the race to extract lithium is going full speed. And the surge in demand for the valuable mineral is generating jobs and interest.
Oil prices remained near the previous day's highs on the prospect of talks among exporters about ways to prop up the market.
Marc Kofler, research analyst at Jefferies, discusses the possibility of OPEC implementing a cap or freeze on oil production.
Saudi Arabia just made it much more likely that OPEC and other oil producers will take action if crude prices weaken.
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