Crude oil prices recovered on Thursday after a two-day slide, although high U.S. stocks and strong global production kept markets under pressure.» Read More
Oil prices diverged, with Brent rising to a near 4½ month high and WIT crude falling as data showed the drop in US oil rigs quickened this week.
TOKYO, April 24- U.S. crude futures edged back on Friday from a four-month high touched a day earlier, but were on course for a sixth straight weekly gain after renewed air strikes in Yemen stoked concerns about the security of Middle East oil shipments. *NYMEX crude for June delivery was down 24 cents at $57.50 a barrel by 0004 GMT, after settling up $1.58 at $57.74 on...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Yemen helps push crude higher, and production in the US declined slightly.
CNBC's Jackie DeAngelis tracks oil action into the close. According to AAA the average gas prices is $2.49 per gallon.
Brazilian oil giant Petrobras believes it has started to normalize its relationship with investors and to implement better governance.
*Brent crude hits year high above $65, U.S. crude above $58. *Rally fueled by Saudi-led bombing of Yemen, slowing U.S. output. NEW YORK, April 23- Crude oil prices jumped 3 percent on Thursday, hitting 2015 highs while U.S. gasoline rose to its highest in nearly five months after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns...
NEW YORK, April 23- Oil prices climbed to their highest levels of the year on Thursday as tensions in the Middle East sparked supply concerns, while the boost from energy-related stocks helped U.S. equities shrug off a batch of soft economic data. Brent crude touched a high of $65.13, its highest since December, and was last up 3.6 percent at $64.97 a barrel, while U.S....
BRENT CRUDE SETS NEW 2015 HIGH AT $65.58 A BARREL, U.S.
*Pepsi, P&G, 3 M blame strong dollar for missing estimates. *Texas Instruments slump pulls down chipmakers. Both Brent and U.S. crude futures rose more than 3 percent on heightened concerns over the security of Middle East supplies as a civil war escalated in Yemen.
CRUDE HITS 2015 HIGH OF $58.14 A BARREL IN RALLY FUELED BY SAUDI-LED STRIKES ON YEMEN REBELS.
CNBC's Kate Rogers on the rising number of man-made earthquakes.
Despite its exposure to oil, Ricardo Mendes of Prospectiva Consulting said some Brazilian businesses could benefit from tighter U.S. monetary policy.
Russia and Argentina signed several cooperation documents in the energy sector, underlining Moscow's drive to deepen ties with South America.
*Saudi-led coalition resumes bombing of Yemen. LONDON, April 23- Brent crude oil rose more than a dollar to above $64 a barrel on Thursday on heightened concerns over the security of Middle East supplies as a civil war escalated in Yemen. Yemen is a tiny oil producer but the Bab el- Mandeb Strait on its southern coast controls access to the Red Sea, Suez Canal and the...
About 25% more LNG exports will hit the world market by 2020, and this will transform the energy market, predict CEOs at CERAWeek.
CNBC's Michelle Caruso-Cabrera reports on the fallout after the Brazilian oil giant released audited financial which showed cost overruns in the billions.
LONDON, April 23- Oil prices steadied on Thursday as news of another steep rise in U.S. crude inventories countered concerns over the security of Middle East supplies due to an escalating conflict in Yemen. Saudi-led coalition warplanes bombed Yemen again on Thursday despite an announcement by Riyadh that it was ending its campaign of air strikes.
Novozymes CEO, Peder Holk Nielsen, says there are some concerns around the ethanol business given low oil prices and high corn costs.
SINGAPORE, April 23- Oil prices fell slightly on Thursday as rising U.S. crude inventories due to robust shale production outweighed concerns over renewed air strikes in Yemen. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that it was ending its campaign of air strikes.
SINGAPORE, April 23- Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising U.S. crude inventories due to still-robust shale production. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that it was ending its campaign of air strikes.