Throughout the recent unrest in the Middle East, virtually no oil production has been affected, save in Libya, Sara Akbar, CEO of Kuwait Energy, told CNBC Tuesday.
Stocks added to strong gains as volatility in the oil markets eased amid news OPEC is considering a boost in output. Bank of America and AmEx rose, while McDonald's fell.
Stock index futures turned higher again after news that OPEC had no plans for an extraordinary meeting.
Top energy industry leaders gather in Houston this week at a critical time for the oil producing world and are expected to attempt to assure markets that supply is ample around the globe.
As soon as the Libyan leader leaves power, Cramer thinks the markets will rally hard.
Once the unrest in Libya is resolved, Stuart Frankel's Steve Grasso thinks oil prices are likely to go lower.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.