U.S. elections have long featured a familiar whipping post. Yet thanks to the energy boom, it's one that may not play a role in 2016.» Read More
Crude oil and gasoline prices surged higher on news that U.S. gasoline supplies had fallen much more than expected.
Oil prices rose after four straight losing sessions as markets turned attention to Iran's nuclear activities and dwindling gasoline stocks in the United States, the top consumer.
After a few years (or decades) covering financial markets, you gain the ability to predict with uncanny insight how certain events might affect trading that day. You also gain the ability to get it completely wrong. We knew that Iranian officials would be coming out with a statement regarding the country’s controversial nuclear program, and we know that oil traders are mega-sensitive these days about Iran, especially following the recent capture and release of British military personnel. A sure sign of higher prices for oil, right? Nope. ...
Oil fell more than 4% on Monday, extending declines that followed Iran's release last week of 15 British sailors and marines. The loss was the largest since August 17, 2005.
Halliburton said all of the commitments of its subsidiary doing business in Iran have been completed and it is no longer working in the country.
Stocks finished higher during a holiday-shortened week, helped by a spate of merger announcements and an easing of geopolitical tensions after Iran released 15 British sailo
Oil fell on Thursday after Iran's release of 15 British sailors and marines eased worries over crude shipments from the world's fourth-largest exporter.
The Gas Exporting Countries Forum -- which includes names like Iran and Venezuela -- meets in Qatar Monday to discuss the formation of an OPEC-like cartel. Would such a combination pose a clear and present danger to America's interests? Two energy analysts told "Morning Call" viewers not to worry. Not yet, anyway.
Is gold really a good investment -- or does it sit in your portfolio like a brick? John Reade, head of metals strategy at UBS, gave "Squawk on the Street" viewers his take on the ancient commodity. Reade noted that oil prices climbed during the recent diplomatic tensions between Britain and Iran, and asked why gold -- the traditional haven during times of strife -- didn't experience a similar rise...
Stocks are barely changed ahead of the opening and are likely to trade with some trepidation ahead of a three day holiday weekend. Tomorrow's jobs report is a big point of interest, but stock traders will be home watching their bond market brethren trade the number on a special jobs Friday edition of Squawk Box.
U.S. crude oil futures ended lower on Wednesday on U.S. government data showing crude stocks rose by a larger-than-expected volume last week and as international tensions eased after Iran said it was releasing 15 captured British sailors and marines.
Oil slid Wednesday, as the Iran hostage drama seemed to near an end. But two fund managers told "Morning Call" that the volatile Islamic nation actually did little to affect the markets. Instead, earnings and private equity are the real story.Steve Folker, managing director, growth strategies for Fifth Third Asset Management, said that fundamentals, not geopolitics, control oil prices -- and he predicted that those marketplace laws will continue to send oil lower.
The U.S. Securities and Exchange Commission and the U.S. Department of Justice have summoned the chief executive of French energy giant Total to explain the group's activities in Iran, a French newspaper said on Tuesday.
U.S. oil fell 2% after Britain and Iran said they were willing to use diplomacy to end their standoff over 15 British sailors and marines seized in the Gulf.
Any time military action is a possibility, you absolutely need a gold play, Cramer says. And it doesn't hurt to have some cash on hand either, just in case there's a panic you could profit from.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.
Iranian mischief is the single most bankable trend in the world, Cramer says. So he’s got a doomsday portfolio for you just in case events take a turn for the worst. 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 futures were higher, but trading was choppy amid international tensions over Iran's holding British Navy personnel, a U.S. citizen reported missing and Tehran's nuclear dispute with the West and continued Nigerian unrest.
The comments from Ali Larijani, who last week had suggested that the crew "may face a legal path," came as both Iran and Britain appeared to be seeking a way to soften their approach to the dispute.
David Kirsch, market intelligence service manager for PFC Energy, told CNBC’s “Squawk Box” that he expects oil to trade at $65 to $70 a barrel throughout the summer.
Oil stalled on Friday after a nearly two-week rally on tensions over Iran's capture of British military personnel and worries over U.S. gasoline supplies ahead of summer driving season.