TULSA, Okla.-- Laredo Petroleum is selling its holdings in the Anadarko Basin to EnerVest Ltd. for $438 million. The Anadarko Basin runs through the western part of Oklahoma and into the Texas Panhandle and extends into western Kansas and southeast Colorado. Shares of Laredo Petroleum Holdings Inc. closed at $19.17 Monday.» Read More
Russia raised pressure on BP's joint venture on Tuesday as the Interior Ministry said it was probing a big tax evasion case while TNK-BP itself said it is struggling to renew visas for almost 150 employees from BP.
U.S. refiner Valero Energy said on Monday its first quarter earnings will be sharply lower than last year on weak profits from gasoline production, as well as operating problems.
Oil majors can't get ahead of production declines despite spending on unconventional sources, an energy sector investment banker says.
Has the commodities rout run its course? Crude oil is slightly higher this morning--so is heating oil and RBOB gasoline and natural gas continue to be the strongest parts of the energy complex.
Financials led European markets higher, but how do you play a rally with little substance to it?
With summer driving season around the corner, it’s time to expect serious pain at the pump. How can you turn that pain into profits?
The specter of a global downturn is keeping commodity prices in flux but how to trade on the volatility depends on the direction of the US dollar.
Volatility is set to continue in major European stock markets when trading resumes on Tuesday after the Easter holiday, analysts told CNBC.com.
The average price of a gallon of gas in the United States has risen to a record $3.26, and the cost of diesel fuel has soared to a record $4.06 a gallon, adding to pressure on consumers and the companies that deliver their goods.
Even the most seasoned commodity traders are looking back on this month's market action as nothing short of dramatic. Continued turmoil in the equity markets and falling confidence in the U.S. dollar sent investors scurrying into the relative safe haven of the commodities markets like droves of mad March hares.
Cramer makes the call on viewers' favorite stocks.
The concept of "peak oil" could be thrown out the window if vast offshore and unconventional sources can be developed. Two experts weigh in on the subject.
For the short week ending Thursday, March 20, 2008 the US Markets ended up. Market moving events include the JP Morgan Chase takeover of Bear Stearns and a Fed rate cut of 75 basis points. The Dow gained 420 points on Tuesday, only to give back 293 points the next day. A rally today kept the Dow, S&P, and NASDAQ up 3.43%, 3.21%, and 2.06% for the week, their best performance in 7 weeks. Next week, the markets will watch for the economic data including Durable Goods, GDP, and Personal Income numbers. Earnings from Lennar (LEN) will give another read on the housing sector.
The Markets end this volatile week to the upside with their best gains in 7 weeks. Here is a summary of major indices, sectors and currencies.
Even during a violent pullback, there are still opportunities. You just need to know where to look.
European stocks closed in the red Thursday, with investors eager to close positions ahead of the long Easter weekend and after a profit warning from Credit Suisse.
The slick slide for oil, gold and other commodities over the past 24 hours has been as dramatic as the mercurial rise to record heights. With oil below $100, the next leg down could be a steep one. Looking back to the lows of this year, many traders point to technical charts that indicate oil prices could return to the February lows in the mid-$80 range.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
After 7 straight years of gains, is the $1,000-topping run in gold over? Find out from strategic investor, Dennis Gartman.
Natexis Bleichroder's John Roque says tomorrow's market action will tell the tale of Tuesday's big run up. Is the market bottoming, as many traders were quick to say as the Dow and financial stocks rocketed?