Brent crude futures rose above $60, after a sharp drop in the previous session onU.S. stocks, as firm Asian markets supported prices.» Read More
CNBC's Jackie DeAngelis reports which factors took the price of crude higher Tuesday.
Tuesday's rally aside, Stephen Schork says $40 oil is around the corner.
CNBC's Jackie DeAngelis reports where crude oil settled for the day.
Lower gas prices increases affordability, which can drive car sales, explains former General Motors vice chairman Bob Lutz.
Are lower gas prices having an impact on car sales? CNBC's Phil LeBeau explains the impact to the type of vehicle people are buying during a period of cheaper gas.
Edward Morse, Citi's head of commodities research, isn't so sure oil has bottomed yet.
Discussing the pullback in oil, and the health of current market fundamentals, with Brian Belski, BMO Capital Markets.
Main Street's benefits due to falling crude prices go beyond just consumer spending, reports CNBC's Kate Rogers.
Stifel is recommending clients buy these 10 stocks to bet on an oil rebound.
*Dollar heads for sharpest one-day loss since July 2013. NEW YORK, Feb 3- Oil prices rose on Tuesday, headed for the biggest four-day advance since January 2009 as a tumbling dollar sent commodities rallying. Benchmark Brent crude oil was up $3.77 at $58.52 a barrel by 2:02 p.m. ET.
Peter Amandio, Chicago Energies Inc., thinks oil will test up to $60 in the short-term.
MOSCOW, Feb 3- Russia would lose some $160 billion over a year if oil prices averaged $45 per barrel, Central Bank Governor Elvira Nabiullina said on Tuesday. "The decrease in oil prices from $100 to $45 per barrel has led to a drop in export revenues of $160 billion in annual terms, according to our estimates," Nabiullina told journalists. International oil benchmark...
National Oilwell Varco warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent.
"You've got a number of themes working to push the market higher," said Phil Flynn, analyst at Price Futures Group in Chicago. Benchmark Brent crude oil was up $1.41 at $56.16 a barrel by 1724 GMT, after rallying to a one-month high of $57.23. U.S. crude, or WTI, rose $1.47 to $51.04, having reached $51.55 earlier.
"You've got a number of themes working to push the market higher," said Phil Flynn, analyst at Price Futures Group in Chicago. Benchmark Brent crude oil was up $1.28 at $56.03 a barrel by 1653 GMT, after rallying to a one-month high of $57.23. U.S. crude, or WTI, rose $1.13 to $50.70, having reached $51.55 earlier.
Anadarko's capital expenditures in 2015 will be sharply lower than last year because of the collapse in crude oil prices, the company's CEO said.
Mike Scialla, Stifel Nicolaus analyst, is seeing the right ingredients for a rebound in oil prices.
Despite a 15 percent jump in oil prices since Thursday, U.S. crude is not heading back to $55 per barrel, Stewart Glickman told CNBC.
DUBAI, Feb 3- Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the U.S.-allied United Arab Emirates, trading sources told Reuters. But Tehran has been using innovative methods to circumvent the restrictions, several Middle East- based trading sources said.
Dissecting oil's impact on today's trade, with Art Cashin of UBS.