Union leaders and oil companies were unable to agree on a new labor accord on Saturday for workers at 63 U.S. refineries as a deadline passed that could lead to a strike.» Read More
CNBC's Sue Herera looks ahead to what are likely to be next week's top business and financial stories.
OPEC's biggest members are counting down until their U.S. shale rivals lose the one thing shielding them from crashing oil prices - hedges.
Andrew Su, CEO of Compass Global Markets, expects oil prices to consolidate above $50 a barrel this quarter despite soft fundamentals remaining.
U.S. crude slid as low as $51.40 a barrel on Monday, its lowest since May 2009, and at 0535 GMT was at $51.60 a barrel, still down $1.09. February Brent crude dropped as low as $55.36 a barrel, also its lowest since May 2009, before edging back to $55.51, down 91 cents. "Oil demand is unlikely be robust this year when we look at the state of economies in China, Japan and Europe,"...
David Hewitt, Co-head of Global Oil & Gas Equity Research at Credit Suisse, discusses the outlook for oil prices.
SINGAPORE, Jan 5- U.S. crude and Brent futures dropped to fresh 5-1/ 2- year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets. U.S. crude slid as low as $51.40 a barrel, its lowest since May 2009, and at 0312 GMT was just a tick above that at $51.59 a barrel, still down $1.10. February Brent crude dropped as low as...
U.S. crude and Brent futures dropped to fresh 5½-year lows on Monday as worries remain about a surplus of global supplies amid weak demand.
TOKYO, Jan 5- U.S. crude futures extended declines to a third day on Monday to stay near their lowest level in more than five years, hurt by a slew of weak economic data in the world's biggest oil consumer. *NYMEX crude for February delivery was down 39 cents at $52.30 a barrel by 2340 GMT, after settling down 58 cents at on Friday. *London Brent crude for February delivery...
Iran's president called for an end to state involvement in the economy and an end to the country's isolation.
Drivers who depend on diesel fuel were still paying an average of $3.21 a gallon as of Dec. 29.
*Egypt's CIB extends leg up following credit rating upgrade. DUBAI, Jan 4- Most Gulf stock markets fell on Sunday after Brent crude oil closed down nearly a dollar a barrel at $56.42 on Friday and many investors remained absent from the markets for extended holiday breaks. Although markets have become less prone to panic sell-offs since Saudi Arabia announced...
When cities decide to ban fracking, they can face expensive, long court battles with energy companies and industry groups to defend the measures.
Oil, the new Congress and other factors are shaping up to create a new U.S. renaissance, Larry Kudlow says.
Energy investors should focus on companies that show good upside while factoring in current commodity prices, an energy analyst said.
What forces will push oil higher in 2015, with former Shell Oil president John Hofmeister.
CNBC's Jackie DeAngelis tracks oil's downward momentum in today's trade.
NEW YORK, Jan 2- Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year, as strong mid-day rallies in crude fizzled. Brent was down 91 cents at $56.42 a barrel. Front-month U.S. crude for February delivery settled down 58 cents a barrel at $52.69, before a steep...
Discussing the possibility of an oil rebound in 2015, with Kyle Cooper, AF Advisors.
FMHR trader Josh Brown thinks Exxon will go higher regardless of the moves in crude; while Stephen Weiss, thinks there are other opportunities.
But commodity analyst Matt Smith also says he expects gas prices to bottom out soon.