*NYMEX crude for November delivery was up 19 cents at $91.35 a barrel by 0014 GMT, after settling down $3.41 at $91.16 on Tuesday, hurt by falling gasoline prices and the dollar's surge to a four-year peak against a basket of currencies.» Read More
The release of an emergency supply of oil to the market has received a mixed response from experts, with some arguing that the high oil prices seen in recent months have held back economic recovery while others say it reflects a political struggle.
Gasoline prices should drop more quickly now that governments are stepping in to pump up world oil supplies, but drivers are still unlikely to see last summer's levels below $3 a gallon.
A plan that would have tapped into the strategic petroleum reserves was one of many idea President Obama has considered to bring down the price of oil, Energy Secretary Steven Chu told CNBC Wednesday.
Tracing the market's pattern this year has been easy: Just follow the energy stocks, which helped stocks surge earlier in the year but have been rally killers in the second quarter.
Monday's 2 percent slide in U.S. oil futures reflects concerns about weakness in the global economy, traders say. So why are Brent crude prices basically unchanged?
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where gold, oil and precious metals are likely headed tomorrow.
Commodity prices may have recovered slightly from last week's sharp selloff but the downtrend is likely to stay in place for the next few months, warned analysts.
Looking at the commodities markets and what's likely to happen with US energy demand, with CNBC's Kate Kelly; Tom Kloza, Oil Price Information Service; and Paco Underhill, Envirosell founder & CEO.
Exactly one year ago, on April 20th, 2010, shares in Transocean - already listed on the NYSE - started trading on the Swiss stock exchange.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, including the latest data from MasterCard on retail gasoline demand, and looks ahead to where oil and gold may be headed tomorrow.
Egypt's former President Hosni Mubarak and his two sons will appear before a Cairo court on Tuesday, April 19, for questioning, state television said on Wednesday.
Crude supplies are up over a million barrels, but the decline in gasoline is far more than analysts were expecting, reports CNBC's Sharon Epperson. Also, a look at the recent rise in oil prices, and the hunt for cheap oil, with Addison Armstrong, Tradition Energy, and CNBC's Simon Hobbs.
Following Goldman Sachs' negative call on crude prices which took the wind out of the commodities rally this week, Bank of America Merrill Lynch is predicting a 30 percent chance that Brent crude could hit 160 dollars a barrel in 2011.
The commodities bull run fueled in recent years by China's breakneck economic growth may be close to an end, according to one expert. But others feel a correction will only be short-lived.
With data from the Energy Information Administration (EIA), a division of the Department of Energy, CNBC.com took a look at the countries that produce the most crude oil on a daily basis.
Electronic trading and geopolitical risks drive commodities prices higher. CNBC's Sharon Epperson discusses oil and gold's new highs, as silver hits its highest price in 31 years.
If Saudi raised oil production to 9 million barrels per day, then they've chosen a good time to do it.
The spread between Brent and NYMEX crude is currently around $15 a barrel and according to Jim Bianco, the president of Bianco Research, this is due to one pipeline pumping crude from Canada into Cushing near Oklahoma City.
If unrest in the Middle East continues at the current pace, it will be hard to persuade investors that events will not spill over into Saudi Arabia, an analyst told CNBC.
Brent crude oil, which has historically traded at a discount to the Nymex's West Texas Intermediate (WTI) crude oil grade, has been trading at a premium of over $10 for the past several weeks. It has lead many to ask: why?