Oil prices edged up on Wednesday towards 2015 highs, supported by a weaker dollar and a disruption to crude exports in Libya.» Read More
SINGAPORE, May 6- Oil prices edged up on Wednesday towards 2015 highs reached in the previous session, supported by a weaker dollar and a disruption to crude exports in Libya. *U.S. crude for June delivery traded 43 cents higher at $60.83 a barrel by 0033 GMT. *Brent crude for June delivery was 24 cents higher at $67.76 a barrel, below its 2015 peak of $68.40 reached on...
A combination of concerns knocked the U.S. stock market lower Tuesday, snapping a two-day advance. Crude oil climbed above $60 a barrel for the first time this year, raising expectations for rising inflation and interest rates. Greece's government remained in a standoff with its European creditors as a debt payment looms next week.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude crossed and closed over $60 today.
Gas prices will start to fall in the coming weeks as issues at some U.S. refineries are resolved, an industry expert said.
Patrick Dehaan, Gasbuddy.com analyst, shares his forecast for gas prices as crude oil prices rise.
Helima Croft, RBC Capital Markets, discusses conditions in the Middle East, and the price of oil.
CNBC's Hadley Gamble spoke to Saudi Arabia's oil minister Ali Al-Naimi about the price of oil and whether he's concerned about Iranian oil coming to market.
CNBC's Jackie DeAngelis looks at the surge in the price of crude.
Discussing the value in energy stocks like EOG Resources and Pioneer Resources, with the FMHR traders, and Rich Pzena, Pzena Investment Management. Terranova thinks EOG Resources is one of the "survivors" in the oil market.
Rich Pzena, Pzena Investment Management, shares his view of the oil and gas industry, and consolidation in the space.
U.S. oil prices are heading into a sweet spot that could spur the fracking industry to crank up some of the drilling it shut down.
OTTAWA, May 5- Canada's trade deficit jumped to a record high C $3.02 billion in March from February as imports surged and weak crude prices helped curb exports, Statistics Canada data showed on Tuesday. Statscan revised February's deficit sharply higher to C $2.22 billion from an initial C $984 million, citing a sharp downward revision in energy exports.
LONDON, May 5- U.S. gasoline demand is running around 300,000 barrels per day above last year's level, as lower pump prices and continued economic expansion encourage motorists to use their cars more. Estimates for gasoline supplied to U.S. customers published by the Energy Information Administration show demand consistently running above the same point in...
NBC's Hadley Gamble reports the Saudi oil minister is not worried about Iranian crude coming on the market. She also reports on the progress of Saudi Arabia's Kingdom Tower, the tallest tower in the world.
"There are some jitters," said Bill Stone, chief investment officer at PNC Asset Management Group. "Greece is definitely part of it. The price of oil jumped $1.47 to close at $60.40 a barrel, the first time crude has traded that high since early December, following reports that a Libyan oil terminal had closed.
OPEC countries are set to maintain current production levels at a meeting next month, three delegates said.
LONDON, May 5- Saudi Arabia kept June prices for its benchmark Arab Light crude unchanged for Asian buyers, looking to defend market share amid stiff competition, while raising prices for Europe to reflect a price rally in rival grades in recent weeks. It needs to balance its own needs with those of customers across the globe who might ask for too much if it was...
*No policy change seen at June 5 OPEC meeting- delegates. *OPEC delegates cite higher prices, stronger oil demand. LONDON/ DUBAI, May 5- OPEC countries are set to maintain current production levels at a meeting next month, three delegates said, as Gulf states continue to focus on market share and a rally in crude prices mutes calls from other members for supply cuts.
The head of Russia's Rosneft earns at least 15-20 million rubles a month, the oil company said on Tuesday, disclosing Igor Sechin's basic salary after President Vladimir Putin encouraged greater wage transparency.