*U.S. crude for January delivery was up 9 cents at $97.47 a barrel by 0011 GMT- on course for a gain of more than 5 percent for the week, the most since the week to July 5. *Seaborne oil exports from OPEC, excluding Angola and Ecuador, will rise by 710,000 barrels per day in the four weeks to Dec. 21, an analyst who estimates future shipments said on Thursday.» Read More
Stocks ended mixed and the S&P 500 failed to close at a new record for the second straight session. "We started out a little weak, and then we had a nice little rally, but the buyers were already in and there was no place for stocks to go but down," said Tom Schrader, head of listed trading at Stifel Nicolaus. "It's indicative of the late stages of a bull market."
U.S. oil fell below $65 as easing concerns that of a potential U.S. gasoline shortfall ahead of peak driving season in the world's top consumer.
With gasoline prices at record levels, the debate has intensified over whether gasoline companies are gouging customers at the pump or simply responding to supply and demand. “We don’t know if price gouging is occurring at the pumps as of right now," Rep. Heather Wilson, (NM-R) said on "Morning Call. "The Federal Trade Commission has no authority to investigate price gouging."
Gasoline prices are soaring -- but one "Morning Call" guest says the best revenge is investing well. Rob Cox, U.S. editor of Breaking Views, joined CNBC's Mark Haines to talk about "the middle squeeze" at the pump -- and how to play it.
Stocks ended mixed as the S&P 500 failed to hold above its previous record, despite another busy day of mergers and acquisitions activity. "Everyone knew that the S&P was going to reach its old record but clearly there is resistance there," said Stephen Porpora, managing floor broker at William O'Neil.
Retail gasoline prices climbed to another record, while crude oil futures jumped above $66 a barrel amid concerns that U.S. refiners are not producing enough gasoline to meet peak summer demand. A gallon of regular unleaded costs an average of $3.196, according to AAA and Oil Price Information Service. Prices are up 33.7 cents from a month ago and 30.4 cents from a year ago, as demand remains strong, and a spate of planned and unexpected refinery shutdowns have constricted supply.
On Stop Trading! today, Cramer reiterated his bullish stance on the oil drillers. Also, when it comes to tech -- look out below.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.
U.S. oil surged more than a dollar to its highest settle in three weeks as unrest in Nigeria kept markets on edge for further supply disruptions from Africa's top exporter.
The Russian stock market is underperforming other emerging markets as the country’s oil giants such as GazProm drag the RTS Interfax Index down on political concerns.
Stocks closed broadly higher on Friday as the major markets hit new highs on takeover news and encouraging consumer data. "Right now investor sentiment is surging to the optimistic side," said Chris Johnson, founder and chief investment strategist at Johnson Research Group.
Why exactly are gasoline prices rising? "Pressure at two ends of the barrel," says Daniel Yergin, chairman of Cambridge Energy Research Associates and CNBC global energy analyst. He joined independent oil trader Eric Bolling on "Morning Call" to explain what's driving the market -- and where they think it will go.
U.S. crude oil futures were slightly higher in choppy trading on Friday, attempting to extend Thursday's RBOB gasoline-led rise as refinery snags and sluggish inventory gains keep supply concerns in focus.
In the post-apocalyptic world of the action movie “Mad Max Beyond the Thunderdome”, road warriors dueled in muscle cars fueled by pig waste. Fortunately for us today, extreme gasoline shortages are not a reality, though record pump prices are. This means we won't be replacing refineries with swine farms anytime soon. Still, high-energy costs, the toll taken on the environment and a steady decline in easily recoverable sources of oil and gas do mean the hunt for alternatives to traditional fossil fuels is gathering momentum.
Russia's Gazprom and Belarus have postponed a deal to allow Gazprom to buy 12.5% in the state gas pipeline operator of Belarus, Gazprom and an official in Minsk said on Friday.
A late selloff pushed stocks lower at the close as strong economic data and encouraging comments by the Fed were offset by profit-taking and a spike in energy prices. "We're seeing a little bit of weakness, but the market not selling off tremendously is an overall positive," said Robert Pavlik, chief investment officer at OakTree Asset Management.
El-Erian spoke with Michelle Caruso-Cabrera to discuss inflation, private equity, the global economy and the "long-term themes" that guide him in investing Harvard's money.
U.S. oil finished just shy of $65 a barrel and Brent broke through $70 as U.S. refinery breakdowns choked gasoline supplies in the U.S. just ahead of peak summer demand.
Shares in oil giant Royal Dutch Shell rose more than 4% before closing at their highest level in six months on Thursday as traders cited rumours of a possible tie-up with a rival.
Stocks came off session lows Thursday morning, following Federal Reserve Chairman Ben Bernanke’s reassuring words on subprime lending. Richard Sichel, chief investment officer at Philadelphia Trust Company, and Jack Ablin, chief investment officer at Harris Private Bank, joined CNBC’s Liz Claman on “Morning Call” to discuss what, if anything, could disrupt the Dow’s momentum now.
Okay, we're slowly but surely posting the most recent information on the contest. Here's the stock report--for both the Million Dollar Portfolio Challenge and Second Chance Showdown. Earnings are still helping the best performers. One longtime favorite--CMGI--shows up on worst performer as well as most active and widely held. Maybe it's time has come and gone. Here ya go..