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Oil

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  • NEW YORK, May 29- Oil rose 3 percent on Friday, as a rally in the dollar faded and after data from a day ago showed a fourth straight weekly draws in U.S. crude oil stockpiles. With the Organization of the Petroleum Exporting Countries widely expected not to cut production at its June 5 meeting, prices could see more pressure, especially if the dollar surges again,...

  • US March gas demand highest for month since 2008 Friday, 29 May 2015 | 7:48 AM ET
    The price of fuel is seen on a pump as a customer fills a vehicle at a Sunoco Inc. gas station in Rockbridge, Ohio.

    U.S. gas demand rose more than 4 percent in March to nearly 9.06 million barrels a day, the highest level for the month since 2008.

  • *Brent crude seen averaging $61.60 2015- Reuters survey. The Organization of the Petroleum Exporting Countries is likely to decide at its meeting in Vienna next week to keep its joint production target unchanged at 30 million barrels per day but maintain output above that level, analysts said. "That should keep a lid on prices," Carsten Fritsch, senior oil and...

  • AES power charge for the future: CEO   Friday, 29 May 2015 | 6:51 AM ET
    AES power charge for the future: CEO

    Andrés Gluski, AES Corp. CEO, discusses his company's strategic alliance with Tesla's new batteries, and where they are finding success providing power.

  • UPDATE 4-Oil gains 1 percent on U.S. inventory drop Friday, 29 May 2015 | 4:37 AM ET

    LONDON, May 29- Crude oil prices rose around 1 percent on Friday after U.S. inventories fell for a fourth straight week, although prices were set for a weekly drop on a stronger dollar. July Brent was up 60 cents at $63.18 a barrel by 0820 GMT. Data from the U.S. Energy Information Administration on Thursday showed crude oil inventories fell by 2.8 million barrels last...

  • By Henning Gloystein and Florence Tan. July Brent crude climbed 47 cents to $63.05 a barrel by 0506 GMT but was set drop for a second straight week. Data from the U.S. Energy Information Administration showed on Thursday that crude oil inventories fell by 2.8 million barrels last week, down for the fourth week ahead of Monday's Memorial Day holiday, which...

  • SINGAPORE, May 29- Crude futures rose about 1 percent on Friday after American inventories fell for a fourth straight week although prices are set for a weekly drop on a stronger dollar. July Brent crude climbed 51 cents to $63.09 a barrel by 0259 GMT but is set to post losses for a second straight week. Data from the U.S. Energy Information Administration showed on...

  • Oil surges 3% as dollar falls, US inventory drops Friday, 29 May 2015 | 11:39 AM ET

    Oil prices rose as a rally in the dollar faded and after data showed a fourth straight weekly draws in U.S. crude stockpiles.

  • SINGAPORE, May 29- U.S. crude oil prices edged up on Friday after American inventories fell for a fourth straight week and Canadian wildfires knocked out 10 percent of its oil sands output. *Front-month U.S. crude futures were up 43 cents from their last settlement at $58.11 per barrel by 0020 GMT on Friday. *The U.S. Energy Information Administration said crude oil...

  • The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially kicked off the peak summer driving season in the United States. U.S. crude settled up 17 cents, or 0.3 percent, at $57.68 a barrel, after plumbing a one-month low of $56.51. Brent settled at $62.58, up...

  • US stocks end modestly lower Thursday, 28 May 2015 | 4:11 PM ET

    NEW YORK— U.S. stocks are ending modestly lower following a sell-off in the Chinese market and concerns about an approaching deadline for Greece to make a debt payment. The Dow Jones industrial average fell 36 points, or 0.2 percent, to close at 18,126 Thursday. The price of crude oil rose 17 cents to $57.68 a barrel in New York after the government reported...

  • Commodities tomorrow: Record US production   Thursday, 28 May 2015 | 4:00 PM ET
    Commodities tomorrow: Record US production

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude and gas inventories were down today despite record US production.

  • NEW YORK, May 28- Oil prices rose in choppy trade on Thursday, snapping two days of sharp losses, after data showed a fourth weekly drawdown in U.S. crude stocks. The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially kicked off the peak summer driving...

  • The boat indicator   Thursday, 28 May 2015 | 2:33 PM ET
    The boat indicator

    Dusty McCoy, Brunswick CEO, discusses boat sales and the impact low oil has had on the overall business.

  • Oil production up   Thursday, 28 May 2015 | 2:31 PM ET
    Oil production up

    CNBC's Jackie DeAngelis tracks oil's action into the close.

  • US oil production hits 43-year high ahead of OPEC Thursday, 28 May 2015 | 2:17 PM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    From a supply and demand standpoint, record production in the US confirms that global supplies are ramping up in the face of lower prices.

  • NEW YORK, May 28- Oil prices were mixed on Thursday, with Brent up slightly and U.S. crude hovering near one-month lows, on concerns the rate of weekly drawdowns in U.S. crude stocks will not last. The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially...

  • UPDATE 7-Oil steadies after U.S. crude data Thursday, 28 May 2015 | 11:25 AM ET

    LONDON, May 28- Oil prices steadied on Thursday on news that U.S. crude stocks fell for a fourth week, suggesting the U.S. market was rebalancing after a long period of oversupply. Data from the Energy Information Administration on Thursday showed crude oil inventories fell by 2.8 million barrels in the last week, compared with analysts' expectations for an...

  • The best hurricane forecasting model isn't American Thursday, 28 May 2015 | 11:13 AM ET
    A satellite image of Hurricane Earl (left) and Tropical Storm Fiona in the Atlantic Ocean on Aug. 31, 2010.

    Europe has the best hurricane forecasting model, for a variety of reasons, including funding. The U.S. could catch up if it was organized better.

  • US crude production rising   Thursday, 28 May 2015 | 11:00 AM ET
    US crude production rising

    CNBC's Jackie DeAngelis reports crude oil inventories fell 2.8 million barrels for the week that ended May 22.