CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Downward pressure on stocks drove down oil prices today. Nat gas was up slightly on the day, albeit in a tight range. And gold was up slightly on the day, closing at $1,284.60.» Read More
"There's nothing inevitable about it," one economist says about the widespread predictions about $5 gas. "To a large extent it depends on what happens in the Middle East."
TransCanada plans to move forward with a portion of the Keystone XL Pipeline, in hopes of boosting the flow of crude from Cushing, OK, to the U.S. Gulf coast, with Alexander J. Pourbaix, TransCanada president.
Discussing some short term plans to reduce oil and gas prices, with T. Boone Pickens, BP Capital Management founder/CEO, who says the U.S. has the cheapest energy in the world.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets as oil remains mostly unchanged, on continuing concerns over Iranian nuclear ambitions.
Fears are growing that rising gasoline prices could stifle economic recovery. Those rising gasoline prices are becoming a subject of hot political debate in a presidential election year. Geopolitics is behind the rising prices, most noticeably due to the increasing tensions over Iran’s nuclear program.
CNBC's Bertha Coombs has the latest trading action on crude oil from the NYMEX. Oil remains steady on continued Iran worries, even though Iraq is now producing the same amount of oil it was in 1979 -- 3 million barrels/day.
Widely followed commodities trader Dennis Gartman on Monday said he wasn’t concerned about an official slowdown in China.
"Of the last $20 in the Brent crude oil price rise, I would only attribute about $5 to Iran and 15 to liquidity and continued quantitative easing and just the fact that the supply of money continues to rise," Sabine Schels, senior director and global commodity strategist at BofA Merrill Lynch Global Research, told CNBC, because it is "dropping the value of money, relatively to the value of real asset," she explained.
CNBC's Yousef Gamal El-Din has the latest on news from Iran and reports of a pipeline explosion in Saudi Arabia impacting oil, with Sean Cota, Lake Rudd & Company.
A check on where oil's next move is, with Jeff Kilburg, TreasuryCurve.
Jim Bianco, Bianco Research, Diane Swonk, Mesirow Financial, and CNBC's Rick Santelli, discuss whether the Federal Reserve will send crude prices higher.
Jim Iuorio, TJM Institutional Services, says the market had the perfect opportunity to correct two days ago, but it chose to ignore it: "To me, that's a sign of resilience," he tells CNBC's Rick Santelli & Carl Quintanilla.
Kevin Norrish, managing director of commodities research at Barclays Capital, offers a roundup of the survey demonstrating that commodities will surge in 2012.
America's largest auto retailer Autonation enjoyed a 17% boost in new vehicle sales versus a year ago, with Mike Jackson, CEO of AutoNation: "February, everything sold across the board," he says.
The “Fast Money” pros weren’t concerned that the effect of a Saudi pipeline explosion - false, as it turns out - would last.
Jordan Kotick, Barclays Capital, explains why the markets will dip the next two months.
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.
Chris Hyzy, U.S. Trust, offers his closing bell market strategy on oil.
Oil ended the day higher despite starting off on a low note. And continued tensions in Iran are expected to push prices even higher. John Spallanzani, GFI Group, discusses whether you should buy or sell the commodity.
Crude oil surges on unconfirmed reports of a Saudi pipeline explosion, with CNBC's Sharon Epperson.