TOKYO, April 1- U.S. crude futures edged up on Wednesday, following a more than 7 percent decline over the past three days, as Iran and world powers negotiated beyond a Tuesday deadline, raising uncertainty over a nuclear deal that could add to a global crude glut. *NYMEX crude for May delivery was up 9 cents at $47.69 a barrel by 2257 GMT, after settling down $1.08 at...» Read More
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Oil tumbled today after gas supplies rose by more than expected. Natural gas was helped by the frigid temperatures, but that's supposed to change in the next few weeks.
Crude oil supplies fell by 2.68 million barrels and gasoline supplies rose by 6.2 million barrels in the past week, reports CNBC's Sharon Epperson.
Stephen Schork, The Schork Report editor, explains how the recent polar vortex has impacted the nation's energy supplies. The cold has interrupted the viscosity of the oil, explains Schork, making it heavier and harder to transport.
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 Faulkner, Breitling Oil & Gas president & CEO, and Tyson Slocum, Public Citizens Energy Program director, debate lifting the ban on oil exportation and the effect it will have on gas prices. Faulkner argues that exporting crude will create more jobs and invest in the U.S. oil revolution.
David Hewitt, Global Co-head of Oil and Gas Research at Credit Suisse, says Saudi Arabia's control of the oil market to weaken on the back of more supply from Libya, Iraq and Iran.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Gold got hammered early this morning, in a matter of minutes. Oil was largely unchanged on the day, and if an agreement is reached over Iran's nuclear program, it could fall to $80/barrel, she reports.
Malcolm Graham-Wood, founding partner at Hydrocarbon Capital, says China's GDP will be around 7.5 percent in 2014 and this will keep oil demand strong.
Following North Dakota's train derailment, Deborah Hersman, NTSB chairwoman, says a lot of the infrastructure necessary to safely transport bakken oil is not yet in place.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
CNBC's Jackie DeAngelis reports the yearly average price for gasoline is expected to drop under $3.40 a gallon this year due to a more robust gas supply coming out of the U.S. and Canada.
Discussing the safest way to transport oil, with Peter Goelz, O'Neill and Associates, and John Hofmeister, Citizens for Affordable Energy.
CNBC's Jackie DeAngelis reports recent accidents involving bakken crude are putting the industry on alert. The PHMSA is issuing a warning on bakken crude.
CNBC's Dominic Chu reports shares of Continental Resources are on the move after the Pipeline and Hazardous Materials Safety Administration issued a safety alert on crude from the Bakken.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude seems to be setting up into a bearish pattern. And it was a down day for gold, ending its worst year in more than 30 years.
Two trains collided near Casselton, ND, on Monday afternoon and about 10 train cars were still engulfed in flames, a local sheriff said on Monday.
Sean Hyman, Editor of Moneynews at Ultimate Wealth Report explains why oil prices will push higher in 2014.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Nat gas continues to climb in the face of a cold winter. Oil was down on the day and gold managed to close above $1,200/ounce.
CNBC's Bertha Coombs reports on the draw down in crude oil inventories and gasoline.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.