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U.S. crude futures dropped to around $94 a barrel on Friday after disappointing China data and on lingering concerns the U.S. Federal Reserve would curb its stimulus program.
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U.S. crude futures dropped to around $94 a barrel on Friday after disappointing China data and on lingering concerns the U.S. Federal Reserve would curb its stimulus program.
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PERTH, May 24- U.S. crude futures dropped to around $94 a barrel on Friday after disappointing China data and on lingering concerns the U.S. July oil futures contract had fallen 9 cents to $94.16 a barrel by 0038 GMT.
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*BP, Shell, Statoil in EU oil price probe. NEW YORK/ CHICAGO May 23- A Chicago- based commodities trading firm has filed suit against three of the world's largest oil companies, accusing them of colluding to fix oil prices after European authorities opened an investigation last week.
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You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
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CNBC's Scott Wapner and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
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*U.S. equities recoup earlier losses, supporting oil. NEW YORK, May 23- Brent crude oil prices retraced earlier losses after falling to a three-week low on Thursday in a broader commodities selloff, riding the coattails of a late turnaround in U.S. equities to end flat.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The hurricane forecast is for 7 to 11 hurricanes this season, which could be bullish for the energy markets. Nat gas was up on the day because storage levels rose less than expected.
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NEW YORK, May 23- Oil prices pared losses after falling to a three-week low on Thursday in a broader commodities selloff, supported as selling in U.S. equities tapered off on the back of encouraging domestic economic data.
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NEW YORK, May 23- Oil fell to a three-week low on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand, and worries about an early scale-back in U.S.
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July crude was down $2 at $92.28 a barrel at 10:04 a.m. EDT, below the 200- day moving average of $92.29 and having dropped as low as $92.21.
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LONDON, May 23- Oil fell to a three-week low near $101 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in U.S. China's factory activity shrank for the first time in seven months in May, a survey showed.
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LONDON, May 23- Oil fell below $102 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in Federal Reserve stimulus. China's factory activity shrank for the first time in seven months in May, a survey showed.
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CHENNAI, India, May 23- Brent crude futures shed a dollar on Thursday to trade below $102 a barrel in a broad-based commodities sell-off, as data cast doubt on recovery in key consumer China and on worries about an early scale-back in Federal Reserve stimulus.
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Oil prices pared losses after falling to a three-week low on Thursday in a broader commodities sell-off, supported as selling in U.S. equities tapered off.
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PERTH, May 23- U.S. crude futures prices dropped to around $94 a barrel on Thursday after data showing U.S. gasoline supplies rose and on concerns that the U.S. July oil futures contract fell 26 cents to $94.02 a barrel by 0035 GMT. *Brent also dropped 26 cents to $102.34 a barrel.
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Gov. Tom Corbett (R-PA) and Austan Goolsbee, Chicago Booth School of Business, discuss the energy boom and the economic recovery in the U.S.
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You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
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Mad Money's Jim Cramer speaks with Clean Harbors CEO Alan McKim about its acquisition of Safety-Kleen, the oil and gas industry and the incineration business.
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CNBC's Amanda Drury and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Thursday.
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NEW YORK, May 22- Oil prices fell on Wednesday as a rise in U.S. gasoline inventories prompted selling, then crude extended losses in late trading after minutes from a Federal Reserve policy meeting sent U.S. stock markets down. Brent crude futures fell $1.31 to settle at $102.60, after shedding nearly a dollar in the previous session.