SINGAPORE, Dec 12- U.S. crude futures eased on Thursday after losing more than a dollar in the previous session, as investors saw a steep decline in U.S. oil stocks as a move by refiners to avoid taxes rather than a sign of strong demand. *U.S. crude for January delivery was off 10 cents at $97.34 a barrel by 0049 GMT after dropping $1.07 on Wednesday.» Read More
CNBC's Melissa Lee has the numbers on the weekly oil inventory report, that shows gasoline inventories are up 757K barrels.
August Brent crude futures, while down nearly 1 percent from Monday’s close, remain solidly above $115 a barrel and mirror the relative strength of the OPEC basket price.
The dollar is rising and gold has been gaining too. What's going on? The greenback and gold are usually inversely correlated, so when the dollar goes up, gold goes down and vice versa. But not today—and that highlights the gravity of sovereign debt concerns and worries about the value global currencies, not just the greenback.
CNBC's Bertha Coombs reports on the day's activity in the commodities market and looks ahead to where oil and precious metals are headed next week.
CNBC's Bertha Coombs reports oil prices rallied near the $100 dollar mark on today's strong economic reports.
Tapping the Strategic Petroleum Reserve was supposed to lower oil prices but instead has only raised questions about market manipulation.
Oil is on the rebound. How should investors play it nearing the $100 a barrel, with Pavel Molchanov, Raymond James and Ira Eckstein, Area International Trading Corp.
Crude raced higher Tuesday as energy bulls pushed Nymex oil back toward the $100-a-barrel mark, prices last seen before world governments said they would release crude from their reserves last month.
High oil prices and concerns over the safety of nuclear power following the Fukushima crisis in Japan are reigniting interest in renewable energy, with wind power likely to be a major beneficiary, Tulsi Tanti, chairman of Suzlon Group, told CNBC.
With half the world's known reserves of oil and gas sitting in the fields of Saudi Arabia, Abu Dhabi, Qatar and the rest of the region, not many people think of the Middle East as having problems with energy.