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  • Oil prices fall after hitting 2015 highs Wednesday, 6 May 2015 | 8:45 PM ET

    *OPEC indicates it will not cut output alone. OPEC comments made overnight also indicate that core Gulf oil producers are not wavering in their strategy to focus on market share rather than cutting output alone, suggesting big policy changes are unlikely at the June meeting unless non- OPEC producers change their stance. As a result, benchmark Brent crude...

  • Buying a used Tesla just got easier Wednesday, 6 May 2015 | 3:56 PM ET
    A Tesla Model S charging.

    If you've been waiting for the right price on an electric vehicle, Tesla is tempting you to click "buy."

  • *Brent rises above $69, U.S. crude above $62, before paring gains. NEW YORK, May 6- Oil prices hit 2015 peaks on Wednesday amid the first drawdown in U.S. crude inventories since January, before settling off their highs as investors and traders moved to take profits on a multi-week rally. U.S. crude futures rallied more than $2 to the year's high of $62.58 a barrel, before...

  • Oil's up; fracking back?   Wednesday, 6 May 2015 | 3:16 PM ET
    Fracking equipment at an Anadarko Petroleum site near Brighton in northern Colorado.

    With oil prices up, will companies dive back into drilling and fracking? Insight, with John Kilduff, Again Capital, and Dennis Gartman of the Gartman Letter.

  • *BRENT CRUDE TURNS NEGATIVE IN PRE-SETTLEMENT TRADE Wednesday, 6 May 2015 | 2:20 PM ET
  • *Brent rises above $69, U.S. crude above $62, before paring gains. U.S. crude futures rallied more than $2 to the year's high of $62.58 a barrel before consolidating to show an 80 cent gain at $61.20 a barrel by 12:54 p.m. EDT. Futures of U.K. North Sea Brent, the more globally-used benchmark, were up 60 cents at $68.12 a barrel, having reached a 2015 peak of $69.93 earlier.

  • Oil rally is transitory: Expert Wednesday, 6 May 2015 | 1:18 PM ET
    Floor hands make a pipe connection on the drill string on the Orion Perseus drilling rig near Encinal in Webb County, Texas.

    Despite oil prices hitting a 2015 high, global demand remains soft and higher prices are transitory, analyst Francisco Blanch says.

  • News Corp., which publishes The Wall Street Journal, fell 7 percent after its results missed analysts' forecasts. Noodles& Co. plunged 18 percent after also reporting disappointing results. Oil rose 52 cents to $60.91 a barrel.

  • NEW YORK, May 6- U.S. crude oil stockpiles fell last week for the first time since the week ending Jan. 2 as imports slowed, while gasoline and distillate inventories rose, data from the Energy Information Administration showed on Wednesday. "Lower imports seem to be the main driver for the draw down," said Dominick Chirichella, senior partner at the Energy Management...

  • Pioneer rebuts Einhorn   Wednesday, 6 May 2015 | 10:58 AM ET
    Pioneer rebuts Einhorn

    CNBC's Kate Kelly reports on Pioneer Natural Resources' response to David Einhorn's analysis of the company.

  • Santelli Exchange: Draghi will be 'screaming'   Wednesday, 6 May 2015 | 10:45 AM ET
    Santelli Exchange: Draghi will be 'screaming'

    CNBC's Rick Santelli asks Yra Harris, Praxis Trading partner, how the market is handling the move in energy prices as well as the European bond market outlook.

  • Shale companies will do OK: Pro   Wednesday, 6 May 2015 | 10:37 AM ET
    Shale companies will do OK: Pro

    Francisco Blanch, BofA Merrill Lynch head of commodities, shares his firm's view of fracking companies. He says a lot of the shale companies will do OK as long as WTI prices revert back to around $75 per barrel.

  • Oil hits 2015 high   Wednesday, 6 May 2015 | 10:35 AM ET
    Oil hits 2015 high

    After a weak crude oil draw, where inventories fell by 3.9 million barrels, Francisco Blanch, BofA Merrill Lynch head of commodities, discusses whether oil is just up from here.

  • Crude draw down 3.88 million barrels   Wednesday, 6 May 2015 | 10:30 AM ET
    Crude draw down 3.88 million barrels

    CNBC's Jackie DeAngelis reports the draw down in crude oil inventories came in more than expected.

  • Cramer: Don’t like oil rising every day—here’s why Wednesday, 6 May 2015 | 10:42 AM ET
    Gas pump gasoline prices Europe Belgium

    CNBC's Jim Cramer explains why he does not like oil prices rising every day.

  • NEW YORK— U.S. stocks fell across industries on Wednesday as investors worried over stock valuations, economic growth and rising interest rates. A comment from Federal Reserve Chair Janet Yellen suggesting that stocks are generally overvalued added to the selling pressure. "There are creeping worries that inflation, which was seen as non-existent, will soon...

  • North Dakota town evacuated after oil train derails Wednesday, 6 May 2015 | 11:13 AM ET
    A BNSF oil train derailed near Heimdal, N.D., on May 6, 2015.

    A North Dakota town was evacuated after an BNSF oil train derailed.

  • Cramer: Why I don't like higher oil every day   Wednesday, 6 May 2015 | 10:10 AM ET
    Cramer: Why I don't like higher oil every day

    CNBC's Jim Cramer explains why he does not like oil's sudden price surge.

  • *Azeri, African, North Sea oil languishes unsold. Tens of millions of barrels are struggling to find buyers in Europe with traders of West African, Azeri and North Sea crude blaming poor demand. Benchmark Brent oil futures prices more than halved between June 2014 and January 2015 after OPEC refused to cut output and instead chose to undercut more expensive...

  • *Reflation putting end to deflation scare. SYDNEY/ LONDON, May 6- A rapid revival of commodity prices and a sudden sell-off in top-rated, low-yielding bonds have signalled the passing of this year's global deflation scare, forcing a rethink of both the consumer price outlook and investments worldwide. "There has been a profound easing in financial conditions...