CNBC's Jackie DeAngelis reports the latest natural gas inventories data.» Read More
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.
Tapping the Strategic Petroleum Reserve was supposed to lower oil prices but instead has only raised questions about market manipulation.
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.
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.