CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude continued higher again today. Traders believe it will continue higher.» Read More
Following Woodside Petroleum's recent bond sale, CEO Peter Coleman says it's important for companies to be able to borrow money when they can.
*War-torn Yemen sits on the Gulf of Aden. *Tankers to Asia do not pass through Gulf of Aden. TOKYO/ SINGAPORE, March 26- Brent crude oil prices rose by more than a dollar in early Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although Asian importers said they were not immediately worried about supply...
WTI settled at its highest levels since March 4 after Saudi Arabia and its Gulf Arab allies began airstrikes in Yemen.
TOKYO, March 26- Crude oil prices rose by around 1 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, including airstrikes. Analysts had earlier said they were worried a proxy war might break out on the Arabian peninsula, home to the world's biggest oil fields, if the conflict drew in Saudi Arabia and rival Iran.
TOKYO, March 26- Crude oil prices were steady on Thursday despite Saudi Arabia and its Gulf Arab allies launching a military operation in Yemen, including airstrikes. *U.S. crude for May delivery was down 16 cents at $49.06 a barrel as of 0033 GMT. *Saudi Arabia and its Gulf Arab allies launched a military operation involving air strikes in Yemen against Houthi...
"Fast Money" traders discussed how to play Wednesday's selloff in biotech, transportation and technology names.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
WILLISTON, N.D., March 23- Business and community leaders in North Dakota's western oil patch have launched an aggressive campaign to convince more manufacturers to set up shop locally, part of a push to expand the area's economy beyond crude production and slash costs. The company, located on North Dakota's eastern edge, six hours from Williston, currently does...
CNBC's Jackie DeAngelis tracks events occurring in Yemen as oil comes to a close.
*Fears of a bigger war from Yemen conflict adds to oil's strength. NEW YORK, March 25- Oil rallied more than 3 percent on Wednesday as a weaker dollar, fighting in Yemen and speculative buying boosted crude prices in spite of U.S. inventories building to record highs for an 11th week. Fighting in Yemen raised concerns about the security of oil shipments from the...
NEW YORK, March 25- Oil prices rose on Wednesday, tracking a weaker dollar despite U.S. government data showing a higher-than-expected build in crude inventories last week. Brent was up 63 cents at $55.74 a barrel by 12:07 a.m. EDT. "If it weren't for the dollar being down today, oil be down a lot more," said Tariq Zahir, managing member at Tyche Capital Advisors in...
*China strategic reserves close to capacity- Sinopec exec. Brent crude oil was up 34 cents at $55.45 a barrel by 1453 GMT, but that was well off an earlier high of $56.25. U.S. light crude oil was up 8 cents at $47.59 per barrel, off an earlier high of $48.37.
*China strategic reserves close to capacity- Sinopec exec. LONDON, March 25- Brent oil prices rose on Wednesday as the euro strengthened against the dollar following a boost in business morale in the euro zone's top two economies. Brent crude oil was up 74 cents at $55.85 a barrel by 1236 GMT.
Investors betting on a reversal in oil's lengthy slump poured billions into energy-related financial products this month.
Gordon Bethune, former Continental Air CEO, and Charlie Leocha, Travelers United chairman, debate whether falling oil prices should prompt airliners to reduce the price of a ticket.
*China strategic reserves close to capacity- Sinopec exec. Germany, Europe's largest economy, saw business morale rise for the fifth month in a row in March, hitting its highest since July 2014, Ifo's business climate index showed. Brent crude oil was up 32 cents at $55.43 a barrel by 1029 GMT.
*U.S. oil inventories to rise until May- Morgan Stanley. *China strategic reserves close to capacity- Sinopec exec. LONDON, March 25- Brent crude oil steadied above $55 a barrel on Wednesday, not far above the week's lows, as more evidence emerged of global oversupply that has filled fuel storage tanks around the world.
BEIJING, March 25- China's commercial and strategic oil storage is almost full, a Sinopec trading executive said on Wednesday, leaving little room for Asia's top oil consumer to keep up its soaring import growth and adding downward pressure to an already oversupplied market. China's purchases to fill its strategic petroleum reserves was one of the main...
*U.S. inventories to rise until May- Morgan Stanley. *Ballooning stocks to weigh on WTI- Morgan Stanley. SINGAPORE, March 25- Crude oil futures fell on Wednesday as more evidence emerged that China's strategic reserves could nearly be full and U.S. inventories were also ballooning.
*U.S. inventories to rise until May- Morgan Stanley. *Ballooning stocks to weigh on WTI- Morgan Stanley. SINGAPORE, March 25- Crude oil futures fell on Wednesday, pressured by ballooning U.S. storage volumes and more evidence that China's strategic reserves could nearly be full.