Oil-rich Saudi Arabia is expected to defy the recent slide in the price of oil and keep to its spending commitments.» Read More
As oil prices hold at lows, gas station stocks such as CST Brands and Murphy USA may be the best way to play the energy sector, analysts said.
West Texas Intermediate crude futures traded above $55 a barrel while benchmark Brent hovered above the psychologically key $60 level, gaining over 2 percent in New York's morning trade. "At least I'm not convinced that with Brent at $60 or WTI above $55, we've seen the bottom yet," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow, New...
Carnival Cruises earnings have beaten expectations in its fourth quarter, with lower fuel prices being a great help, says David Dingle, UK chairman of Carnival Cruises.
Howard Marks thinks that the drop in oil prices could finally expose low lending standards and provide better value in the markets.
*Brent holds above $60 a barrel. Brent crude oil advanced above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low, while WTI crude climbed 3.3 percent to $55.90. It's kind of coming back to where we were about two weeks ago, "said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
Dec 19- U.S. crude oil futures rallied more than $2 a barrel on Friday, with traders citing book-squaring ahead the expiry of the front-month January contract and pre-holiday short-covering. West Texas Intermediate crude for January delivery was up $2.14 to $56.25 a barrel by 10:49 a.m. EST after hitting a session high at $56.25. The nearby February contract,...
"Meet the Press" moderator Chuck Todd, discusses new U.S. relations with Cuba and its impact to American oil companies, with CNBC's Rick Santelli.
NEW YORK— Stocks are opening mostly higher in the U.S. as the market comes off a massive two-day rally. CarMax jumped 8 percent in early trading after the used car dealership chain reported a surge in its latest quarterly earnings. The price of crude oil rose $1.65 to $55.99 a barrel in New York.
Thomas L. Friedman, The New York Times, discusses how oil is prompting a geopolitical shift in Middle East power structures.
Former Shell Oil President John Hofmeister lashes out at Gov. Andrew Cuomo on his decision to ban fracking in New York state.
*Brent holds near $60 a barrel. NEW YORK, Dec 19- U.S. stock index futures climbed on Friday, and the benchmark S&P 500 index was poised to continue to rally after its best two-day run in three years. *Brent crude oil rose hovered near $60 a barrel on Friday, recovering from near a 5-1/ 2- year low while WTI crude advanced 0.8 percent to $54.54.
Thomas L. Friedman, The New York Times, weighs in on the global impact of falling crude prices.
*Brent edges above $60 a barrel. *Brent crude oil rose above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low while WTI crude advanced 1.7 percent to $55.02. *Cerus Corp shares jumped 13.6 percent to $7 before the opening bell after the company said the U.S. Food and Drug Administration approved its blood transfusion device for platelets.
Former Shell President John Hofmeister, shares his thoughts on New York's fracking ban, and natural gas as a transportation fuel.
CNBC's Brian Sullivan reports on slowdowns and shutdowns as oil drillers and producers react to the drop in oil prices.
LONDON, Dec 19- Brent crude oil rose to around $60 a barrel on Friday, rallying from near a 5-1/ 2- year low as investors squared books ahead of the year-end festive break after six months of falling prices. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production despite a huge global overhang...
Winnebago reported a lower-than-expected profit as a worker shortage in Iowa and trouble sourcing key components from suppliers stymied production.
Ben Lichtenstein, president at TradersAudio.com discusses what to expect from the markets today.
A sharp fall in any asset price, particularly oil will have a major "knock-on effect" with other asset prices says Paul Sedgwick, head of investments at Frank Investments.
LONDON, Dec 19- Brent crude oil rose above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low as investors squared books ahead of the year-end festive break after six months of falling prices. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production despite a huge global overhang of...