Oil and Gas


  • Stocks closed sharply lower, with the Dow dropping more than 200 points,  amid continuing anxiety about the credit markets and a weak earnings outlook from Wal-Mart. "I still feel the market is headed for a lower low," said Byron Wien, chief market strategist at Pequot Capital Management. 

  • Oil Climbs Back Above $72 as Tropical Storm Develops Tuesday, 14 Aug 2007 | 3:59 PM ET

    Oil prices rose on Tuesday as concerns about a newly formed tropical storm in the Atlantic countered fresh troubles in credit markets.

  • U.S. stocks closed little-changed amid investor concerns that more credit troubles may be down the road. "I think there's still a lot of convincing to do to investors that things are going to work out fairly well," said Sam Stovall, chief investment strategist at Standard & Poor's.

  • Oil Edges Above $71.60 as Economic Concerns Ease Monday, 13 Aug 2007 | 3:36 PM ET

    Energy futures edged higher Monday as economic concerns eased and reports of scattered refinery outages surfaced over the weekend.

  • The price of gasoline dropped about 17 cents over the last two weeks, according to a national survey released Sunday.

  • Stocks closed mixed but recovered the bulk of the day's losses in the final half-hour of trading amid continued market volatility.  "The fundamentals have gone out the window for awhile, and in some cases it means that better value has been created," Abby Joseph Cohen, chief U.S. portfolio strategist at Goldman Sachs, said on CNBC.

  • Oil Erases Most Early Losses on Central Bank Moves Friday, 10 Aug 2007 | 5:44 PM ET

    Oil edged lower on Friday as the crisis in world credit markets weighed on investor sentiment, but a late rally after central banks plowed more cash into the financial system erased most of the day's losses.

  • Ford CEO Alan Mulally's suggestion that higher fuel taxes might curb our country's gas consumption is one of those ideas that makes sense on paper, but in reality, likely won't happen. I know, some of you are gonna say, "wait a minute, they pay higher gas taxes in Europe. If it works there, Why can't it work here?"

  • Credit fears grow ... and markets shudder Friday, 10 Aug 2007 | 8:20 AM ET

    LONDON, Aug 10 (Reuters) - Fears of a global liquidity crisis intensified on Friday, knocking stocks and high-yielding currencies, while the European Central Bank and Asian authorities acted to calm surging short-term borrowing costs.

  • World Needs More OPEC Oil, and Quickly: IEA Friday, 10 Aug 2007 | 7:55 AM ET

    The need for more OPEC oil is growing more urgent to avoid a worrying drop in global inventories faced with ever rising demand, the International Energy Agency said on Friday.

  • Bush Rules Out Any Federal Bailout for Homeowners Thursday, 9 Aug 2007 | 5:58 PM ET

    President Bush said Thursday concern should be shown those who've lost their homes but it's not the federal government's job to bail them out.

  • U.S. Stocks ended sharply lower on renewed fears about credit markets and global liquidity. "The message of the markets today is that the credit problem is significantly more than what was being forecast or expected by private sector economists and the Federal Reserve," said Hugh Johnson of  Johnson Illington Advisors. "This sharp decline is very scary."

  • U.S. Treasury prices rose Thursday as investors shunned riskier assets for the safety of government bonds on signs that turmoil in U.S. credit markets has spread abroad.

  • German utility RWE said Thursday that its first-half net profit rose by 58% amid high power prices in Germany and elsewhere in Europe, and raised its full-year earnings forecast.

  • Dow Closes With Triple-Digit Gain in Volatile Final Hour Wednesday, 8 Aug 2007 | 11:01 PM ET

    U.S. stocks powered to a sharply higher close in a volatile final hour of trading after the markets were roiled by rumors and comments from President Bush. "The rollercoaster ride is not over yet," said Stuart Schweitzer at JP Morgan Private Bank. "I think we're in the fourth inning on subprime and credit-related issues, but this economy is resilient."

  • Oil Rises as U.S. Draws Outweigh Economy Worries Wednesday, 8 Aug 2007 | 2:01 PM ET

    Oil rose Wednesday, as draws in U.S. crude and gasoline stockpiles overcame wider concerns about the health of the world's largest economy.

  • U.S. Stocks Close Moderately Higher After Fed Decision Tuesday, 7 Aug 2007 | 11:04 PM ET

    Stocks closed  higher after investors shrugged off the Fed's continuing worries about inflation to buy beaten-down financial shares. "The Fed announcement, I think quite honestly, was annoying," said Jack Ablin at Harris Private Bank.  "I'm glad the market reacted positively to it."

  • How to Play the Fed Meeting Tuesday, 7 Aug 2007 | 7:36 PM ET

    Bernanke and company didn't cut rates like Cramer wanted, but they showed they're not asleep at the wheel. Here is the Mad Money take on it.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.

  • Oil Stays Above $72 on U.S. Refinery Problems Tuesday, 7 Aug 2007 | 5:28 PM ET

    Crude oil prices rose Tuesday, pulling out of a nosedive after news of new refinery problems in the United States rekindled supply worries during the summer driving season.

  • Toyota's 'War Chest' Keeps It Gunning for GM Tuesday, 7 Aug 2007 | 8:56 AM ET

    Amid the headlines this weekend about Cerberus closing the Chrysler deal and shaking up management at the automaker, one piece of news came out that blew me away. In the second quarter, Toyota posted a record profit of $4.13 billion dollars. Sounds staggering by itself until you look at it this way: every day last quarter Toyota made more than 44 million dollars. Almost 2 million dollars a day!

Contact Oil and Gas


    Get the best of CNBC in your inbox

    › Learn More

Most Popular Video

Thursday, 17 Apr 2014 | 7:46 AM ET

Marty Mosby, Guggenheim Partners analyst, breaks down the big bank's quarterly numbers.

Thursday, 17 Apr 2014 | 7:34 AM ET

They want to paint her as a dove, says John Ryding, RDQ Economics, sharing his thoughts on what will likely prompt the Federal Reserve to raise interest rates, and whether inflation will become a factor in Fed policy.

Thursday, 17 Apr 2014 | 7:02 AM ET

It's the tie together of beverages and snacks that's working really well, says Hugh Johnston, PepsiCo CFO, discussing his company's quarterly numbers and sharing his thoughts on Pepsi's diverse global brand.