*EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 27 cents to $107.06 a barrel by 0700 GMT, after slipping 35 cents in the previous session.» Read More
CNBC's Jackie DeAngelis reports West Texas Intermediate crude closed Wednesday at a 9-day losing streak.
By early afternoon in Europe, benchmark U.S. crude for August delivery was down 34 cents to $101.95 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, was down 12 cents to $108.16 on the ICE Futures exchange in London.
*Libya restarts 340,000 bpd El Sharara oilfield. NEW YORK, July 9- Oil prices fell on Wednesday, with U.S. crude down more than $1 a barrel on faltering demand for gasoline, and Brent down too as a Libyan oilfield resumed output.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Activity in Gaza drove up gold prices today, but didn't have an impact on oil prices, which fell, in spite of an inventory drawdown.
CNBC's Jackie DeAngelis reports crude oil inventories drew down 2.37 million barrels, less than expected.
NEW YORK, July 8- Brent crude slid more than $1 a barrel on Tuesday, its seventh straight decline, hitting a one-month low below $109 as Libyan oil exports looked likely to rise and fears eased of supply disruption in Iraq. Brent has shed more than 5 percent since last month, when the Iraq crisis drove prices to a nine-month high of $115.71.
NEW YORK, July 8- Brent crude slid more than $1 a barrel on Tuesday, its seventh straight decline, hitting a one-month low below $110 as Libyan oil exports looked likely to rise and fears eased of supply disruption in Iraq. Brent has shed more than 5 percent since last month, when the Iraq crisis drove prices to a nine-month high of $115.71.
NEW YORK, July 8- Brent crude fell for its seventh straight session, hitting a one-month low below $110 a barrel on Tuesday on improved prospects for a rise in Libyan oil exports and easing fears of supply disruption in Iraq.
BRENT CRUDE OIL FUTURES EXTEND LOSSES BY MORE THAN $1 TO SESSION LOW OF $109.22.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Oil was down following the July 4th holiday. Gas was down 1 percent on fears of sluggish demand.
*Libya lifts force majeure on oil exports from two ports. NEW YORK, July 7- Brent and U.S. crude oil futures fell on Monday to the lowest levels in a month as Libya prepared to resume oil exports from two ports closed nearly a year, and as supply from Iraq remained unaffected by violence sweeping the OPEC country.
CNBC's Bertha Coombs reports the latest on oil and natural gas production. Coombs says Libya has resumed exports from two major ports.
SINGAPORE, July 4- U.S. crude futures are set to post their biggest weekly loss in a month on receding worries about supply from Libya and Iran, although expectations of an improvement in the outlook for demand in the world's top oil consumer checked losses.
CNBC's Bertha Coombs reports natural gas inventories are up 100 billion cubic feet.
*Libya reaches deal with rebels to reopen oil ports. LONDON, July 3- Brent crude futures fell below $111 a barrel on Thursday as supply fears began to ease after Libya declared an end to an oil crisis that has slashed exports from the OPEC member. The question now is how long it will take for flows to come out, "said Ole Hansen, senior commodity strategist at Saxo Bank.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Oil was down on the day, after the market grew less worried over supply disruptions in Libya. Gas prices are the highest they've been for a July 4th weekend over the last 6 years.
CNBC's Bertha Coombs reports the latest numbers on crude oil inventories.
Oil and gas prices are the highest they have been on the 4th of July in six years. Former CEO of Gulf Oil Joe Petrowski, looks at factors behind rising gas prices and weighs in on the export of crude oil.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down on the day, nat gas sold off, as well. Gold was up, however, as traders look to Thursday's job report.
John Kilduff, Again Capital, discusses how rising oil prices are affecting consumers and could stall the economy. Kent Moors, Money Map Press, weighs in on the situation in Iraq and provides his best oil and gas plays.