U.S. oil is down more than 8 percent on the week after two straight weeks of gains.» Read More
As if low prices weren't enough for the oil market, it must not hold their breath in the face of a potential new law.
The drop in oil prices is obvious. The simultaneously falling costs of production aren't. CNBC's Morgan Brennan reports.
The Rapidan Group Founder and President Bob McNally discusses an oil tax vs. a gasoline tax and what they could be used for.
CNBC contributor Jared Bernstein says that even if oil were taxed $10 per barrel, consumers may not feel pain at the pump.
White House economic adviser Jason Furman provides insight to how the proposal to put a $10 per barrel fee on oil.
A Japanese volcano about 50 km (30 miles) from a nuclear plant erupted on Friday, Japan's Meteorological Agency said.
Antonin Jullier, global head of equity trading strategy at Citi, discusses the impact of the deal between Royal Dutch Shell and BG.
Major commodities such as copper, iron ore and oil still face slowing demand with excess supply, says Michael Spencer from Deutsche Bank.
Neal Dingmann from Suntrust Robinson Humphrey, says Obama's proposed $10/barrel oil charge would be salt in the wounds for oil companies.
Over time, currency and oil markets tend to move inversely to each other, explains Tobias Levkovich, chief U.S. equity strategist at Citigroup.
The White House is proposing a $10 per barrel fee on oil, CNBC's Eamon Javers reports.
Where to invest in the oil patch, with Rusty Braziel, RBN Energy President and Principal energy markets consultant. Braziel says if you want to buy an oil stock, "look at companies investing in the lowest cost production region relative to the size of the well it's produced."
Oil companies would cover the fee under the plan, which would have difficulty clearing the Republican-controlled Congress.
Goldman Sachs' head of commodities research Jeff Currie, said oil would fall into the $20 range and he was right. "We will get the production declines we need to actually begin to re balance this market by late third quarter, early fourth quarter of this year," he says.
Early signs of capitulation by oil producers could mean a bottom is getting closer.
Amid the wreckage of the crude oil market, Warren Buffett's already big bet on an oil giant nears $1 billion.
The Fast Money Halftime Report team discusses whether more energy companies will cut their dividends and how their stocks will move if they do.
The decision is part of Walmart's broader goal of pulling in more revenue from its gas stations, USA TODAY reported.
Mihir Worah of PIMCO Asset Allocation explains why the bond market is still attractive, especially when it comes to government bonds.
Morgan Stanley has downgraded its outlook for oil prices, expecting the supply and demand imbalance to continue for another two years.