This blog post comes from CNBC energy producer Judy Gee. Today's CPI report revealed energy prices had fallen a half percent in February, which stood in contrast to the 0.7 percent gain in January. In separate data, the Energy Dept. reported that heating oil, natural gas and diesel fuel all rose last month, but retail gasoline on average fell by a penny.
Stocks tumbled Friday, after an initial jump, following news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns.
Stocks retreated Friday, after an initial jump, as news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns sunk in.
OPEC is pumping more than enough oil to keep consumers satisfied and a potential U.S. recession could mean lower demand for its crude, the group said on Friday.
With $1,000 gold and $110 oil, can commodities maintain their record pace?
Consumer inflation data is the big headline to watch Friday.
Stocks closed higher Thursday after Standard & Poor's delivered the words Wall Street was waiting to hear: The end is in sight.
Stocks plunged Thursday following news of the imminent collapse of Carlyle Capital and the dollar's 12-year low against the yen.
Stocks plunged Thursday following news of the imminent collapse of Carlyle Capital and the dollar's 12-year low against the yen.
A batch of important economic data will get the early attention of investors Thursday, but oil's big run up will be a feature that could keep stocks in check.
When oil was climbing past $50, $60, $70 and even $80 a barrel, the big question was: Where is the breaking point for the economy? Now, with the economy staring down a recession, oil is at $110 per barrel. Some economists are saying the price is now beyond that breaking point -- and the duration of higher prices and the resulting impact on gasoline prices will be a big factor in the economy's ability to shake off its sluggishness.
It's certainly a new day in the oil markets when crude supplies can rise more than four times expectations, gasoline inventories have run up to their highest level in about 15 years -- and we're in the midst of a serious economic slowdown -- yet oil prices surge to a new all-time high of $110.20 per barrel on the Nymex floor.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."