NEW YORK May 16- Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market. "If we have to pick a driver for today, it's that the dollar's under pressure," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
The Fast Money traders weigh in on the drop in natural gas, and have the play on Wednesday's rally in oil. Also, John Calipari, University of Kentucky men's basketball coach calls in with his outlook on the market and the basketball season.
A look at where oil prices are headed, with John Hofmeister, Shell Oil former president/CEO of U.S. operations, who says producers of oil are facing endless obstacles because of the relentless increasing demand.
Wednesday’s quoted price for Brent Crude (the bench mark generally used worldwide) is $117.70/barrel, while WTI Crude (the benchmark used in the U.S.) delivered at Cushing Oklahoma is $102/bbl.
T. Boone Pickens discusses his outlook for energy and how easy it is for the United States to develop its own energy and the benefits of getting off of OPEC's oil.