CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Events in the Middle East don't appear to be impacting oil prices ... for now.» Read More
Tightening oil production worldwide could mean prices will hit $148 per barrel this summer, Texas billionaire investor T. Boone Pickens said Tuesday.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Bart Chilton, commissioner of the Commodities Futures Trading Commission (CFTC), says the CFTC is poised to reject a Nadex political futures proposal. He also offers insight on the MF Global fallout.
CNBC's Sharon Epperson has the weekly data on crude oil and gasoline inventories.
Gas prices keep soaring at the pump. And CNBC's Larry Kudlow & Herb Greenberg, discuss whether gas prices are peaking.
Enbridge and Enterprise will more than double seaway pipeline capacity, reports CNBC's Sharon Epperson.
Andrew Su, CEO, Compass Global Markets thinks high oil prices driven by persistent supply fears are unfounded. He adds that renewed concerns over the global economy will drive commodity markets.
CNBC's Brian Shactman reports on how rising gas prices are hurting American consumers, and CNBC's Sharon Epperson explains why prices are so high.
WTI rallied abruptly, briefly topping $108 Friday, reports CNBC's Sharon Epperson.
Want to move the oil market these days? Fire off a headline about Iran, and, with the help of instant messaging, tweeting, blogging, and some old fashioning phone calling, you get a significant rally.
Discussing what politicians should do to help increase oil supply in the U.S. and bring prices down, with Harold Hamm, Continental Resources CEO and Larry Nichols, former Devon Energy CEO.
Oil supply shortages are raising concerns for investors and some are betting on $200 per barrel, says CNBC's Kate Kelly; and rising copper prices could be an opportunity to buy more shares of Freeport-McMoRan, says Richard Garchitorena, Credit Suisse.
As demand continues to rise and geopolitical risks continue push prices higher, many wonder if oil prices will halt their ascent.
The chief executive of oil giant Shell predicted that the cost of oil will continue to rise long-term in an interview with CNBC Tuesday.
New information suggests that Iran’s oil production may not have fallen as much as other industry reports have speculated. The latest publication of data by the Joint Organizations Data Initiative (JODI) published on Sunday showed Iran produced 3.72 million barrels per day in January, marking the highest output since December 2008.
The Strategic Petroleum Reserve could still be used to adjust the price of oil, says John Hofmeister, former Shell Oil president/CEO of U.S. operations, who says the SPR is supposed to be a strategic reserve for national security reasons.
Conflicting reports of coordinated spr release sends oil in frenzy, reports CNBC's Sharon Epperson.
A low price range in crude oil has solidified, leading commodities trader Mark Fisher said Wednesday.
CNBC's Sharon Epperson has the details on this week's crude oil inventory data.
The Asia region is expected to drive demand for oil over the course of the year, according to the latest International Energy Agency report.