SINGAPORE, March 14- Brent crude rose towards $108 a barrel on Friday as heightened tensions in Ukraine stoked worries over Russian oil supplies, but the contract remained on track for a third weekly loss amid concerns over Chinese economic growth and rising U.S. stockpiles.» Read More
Oil eased from its record high on Friday as a hurricane subsided in the Gulf of Mexico and as fresh evidence of credit troubles in the banking sector hit financial markets.
U.S. stock futures are pointing lower this morning as new credit worries in Europe drag down banking shares there and wipe out yesterday's euphoria in the financial sector.
As goes oil, so goes the rest of the energy sector. As oil closes above $80 for the first time, what’s the best alternative in the alternative energy space?
Iran's interior minister says his country has finalized oil and gas projects with China. Two-way trade on target to hit $20 billion (14.4 billion euros) this year.
The "best executive in the oil patch" talks growth, hedging and acquisitions with Cramer.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Crude oil settled at $80.09 in New York trading, the first time it ever closed above $80 (in nominal dollars).
Americans are relatively unconcerned about the subprime mortgage troubles, and they say President Bush is doing a better job, according to the latest NBC News/Wall Street Journal poll.
Stock prices are shifting into high gear as a GM upgrade and a dividend boost from McDonald's helps sentiment. The dollar is firming slightly and oil trades near record levels. Europe's stock markets turned higher after early losses, and Asian markets were mostly higher overnight.
The price of the OPEC basket of twelve crudes reached a new record Wednesday, hitting $74.21 a barrel, compared with $73.13 on Tuesday, OPEC said today in a statement.
If oil is at a record high, why aren't gasoline prices higher? One big reason comes every year at this time -- the seasonal decline in summer driving, says CNBC's Sharon Epperson.
Stocks are under pressure ahead of the opening as the dollar touches new lows, oil edges higher and Texas Instruments earning forecast disappoints. For now, stock futures are lower and European markets are mixed.
Oil prices settled at a record high that neared $80 a barrel following a bigger-than-expected decline in U.S. crude supplies last week.
Oil prices briefly rose to a record $80 a barrel in afternoon trading Wednesday, after the government reported a surprisingly large drop in crude oil inventories and declines in gasoline supplies and refinery activity.
Now we know why Europeans are thinner than we are. It has nothing to do with diet. It's because they pay so much more for gasoline. What? It's true! At least according to a study by a doctoral student from Washington University in St. Louis.
U.S. investor Warren Buffett's Berkshire Hathaway sold more of its stake in top Chinese oil producer PetroChina in late August, selling about US$136 million worth of shares, as it took profits on what has been a lucrative holding.
The International Energy Agency has modestly revised down its oil product demand forecasts for both 2007 and 2008, citing doubts over the growth prospects of the US economy, mild weather, and the high price of crude.
CNBC Europe's Dan Scott reports from the Frankfurt Motor Show and VW's plans to become the world's biggest carmaker.
Crude oil closed at a new record of $78.23 on the New York Mercantile Exchange as traders turned their attention to a government inventory report expected to show tight supplies and shrugged off OPEC's decision to boost output.
In an ironic twist, oil prices rode to a record high on the same day OPEC agreed to open its taps. Earlier today, the Organization of Petroleum Exporting Countries said it would boost production by 500,000 barrels a day, a move forced on the cartel by worries about the possibility of a housing-induced U.S. economic slowdown.
Saudi Arabia persuaded OPEC to raise oil output by 500,000 barrels per day on Tuesday in a gesture to consumer nations worried by the economic impact of $77 oil and rapidly diminishing fuel stocks.