CNBC's Michelle Caruso-Cabrera reports on surging oil exports in Iran.» Read More
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.
U.S. crude oil futures surged as high as $66.50 amid jitters over British navy personnel being held by Iran. Earlier news of the U.S. sending another aircraft carrier to the Gulf region to replace one of two already patrolling the area also helped pull prices higher, traders said.
Saudi Aramco, Exxon Mobil and Sinopec will invest $5 billion in their refinery, petrochemicals and marketing joint venture, much more than originally planned, they said on Friday.
How can you make money on the recent jump in oil prices? Pavel Molchanov, associate analyst with Raymond James, joined CNBC's Erin Burnett on "Street Signs" with three oil plays -- for what he says is no brief spike.
Oil prices surged more than 3% on Thursday as the standoff over British sailors in Iranian custody and U.S. naval actions in the Gulf escalated supply concerns.
As news and rumors of Iranian belligerence boil, trader Ira Eckstein isn't surprised that oil prices swung broadly Thursday. He and Kenneth Timmerman, Middle East Data Project president, told "Power Lunch" viewers what to expect from petroleum -- and from Iran's leaders.
Texas energy investor Boone Pickens told CNBC that the recent spike in oil prices is due more to "fundamentals" than geopolitical tensions with Iran and that "you're going to look at $70 oil pretty quick." The billionaire said the current market is "very tight" because inventories have declined for seven straight weeks.
U.S. crude oil futures ended more than a dollar higher Wednesday as Iran's confrontation with Britain and the West helped lift prices along with a government report showing a surprise draw in U.S. crude inventories.
For a little while this afternoon, the oil pits at the Nymex were in a frenzy. The rumors of Iran firing on a U.S. naval ship were spreading yet no one seemed to be able to verify them. How do the traders get their information - and when they do, how do they separate rumors from fact and trade appropriately?
If Eric Bolling is right, and speculation about tensions with Iran could metastasize and affect all corners of the market, how can investors manage risk and create opportunity?
Late this afternoon, Nymex crude oil futures spiked over $5 to $68 on rumors that Iran had fired on a U.S. naval ship in the Persian Gulf. The U.S. government quickly and flatly denied the rumor, but the mere speculation sent crude prices to their highest level in over six months (prices since came down $4 to settle just above $64.)
The U.S. Navy on Tuesday said it had no information to substantiate a market rumor that Iran had fired at a U.S. naval vessel in the Gulf.
Crude prices closed below $63 a barrel Monday, after setting a record for 2007, on growing tension between Iran and the West over Tehran's nuclear work and its capture last week of British servicemen.
Brian Hicks, president of Wealth Daily, told CNBC’s “Morning Call” that a confrontation with Iran would boost the price of gasoline to $4-to-$5 a gallon at the pump “in a heartbeat.”
An investigating judge filed preliminary charges Thursday against the chief executive of Total in a corruption case linked to a 1997 contract with Iran, the company and judicial officials said.