• Commodities tomorrow: Gas keeps rising  Tuesday, 24 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil ended the day under $50. Traders are expecting a build in tomorrow's inventory report.

  • NEW YORK, Feb 24- Brent and U.S. crude futures turned lower on Tuesday as expectations that this week's reports on U.S. crude inventories would show another build countered supportive news of Libyan oilfields being shut by a power cut, traders said. Brent April crude was down 25 cents at $58.65 a barrel at 2:23 p.m. EST, after trading as high as $60.30.

  • CALGARY, Alberta, Feb 24- Cash flows from the Canadian oil sands will fall by $23 billion and turn negative in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low crude prices make it less economical to extract tar-like bitumen from the sands. The oil sands of northern Alberta hold the world's third-largest proven crude...

  • Oil stabilizing, $60 OK for now: OPEC delegate Tuesday, 24 Feb 2015 | 2:18 PM ET
    A worker walks at the Nahr Bin Umar field, Iraq.

    Oil prices have started to stabilize and demand is improving, a senior Gulf OPEC delegate said on Tuesday.


  • New oil rush? Private equity starts buying energy Tuesday, 24 Feb 2015 | 1:27 PM ET
    A worker pauses while drilling for oil on a derrick in the Bakken shale formation outside Watford City, North Dakota.

    Private equity companies are looking in to oil, according to execs at Berlin PE meeting.

  • UPDATE 8-Oil lifted after Libya's largest field shuts Tuesday, 24 Feb 2015 | 12:42 PM ET

    NEW YORK, Feb 24- Crude oil futures rose on Tuesday on news that production had stopped at Libya's largest oilfield. The Sarir and the nearby Messla oilfields in Libya were shut because of a power cut, dealing another blow to exports from the embattled OPEC member nation. Brent April crude was up 52 cents at $59.42 a barrel at 12:24 p.m. EST.

  • Goodyear settles on bribery charges Tuesday, 24 Feb 2015 | 12:37 PM ET
    Goodyear Tire and Rubber Co. to settle lawsuit with SEC of African bribe charges.

    The SEC said that Goodyear failed to prevent or detect more than $3.2 million in bribes in Kenya and Angola.

  • Metrolink train strikes truck in Southern California Tuesday, 24 Feb 2015 | 10:14 AM ET
    At least 30 people were injured when three Los Angeles-bound Metrolink train cars derailed after the train was involved in a fiery collision with a vehicle Tuesday morning between Oxnard and Camarillo.

    There are a number of injuries reported in California after train cars derailed and a truck became fully engulfed in flames.

  • LONDON, Feb 24- Brent crude oil rose more than $1 to around $60 a barrel on Tuesday after Libya's largest oilfield stopped production. The Sarir oilfield in Libya shut because of a power cut, in a further blow to exports from the OPEC member. Brent for April was up $1.10 at $60.00 a barrel by 1435 GMT, recovering from an earlier low of $58.10.


  • LONDON, Feb 24- Brent crude oil reversed early losses to trade back above $59 a barrel on Tuesday as Libya's largest oilfield stopped production, and as traders awaited U.S. oil inventory data to see whether it would show another large increase. The Sarir oilfield in Libya shut because of a power cut, in a further blow to exports from the OPEC member.

  • U.S. 'must do more' to crack down on ISIS  Tuesday, 24 Feb 2015 | 5:20 AM ET

    The West has failed to come up with a clear strategy to deal with ISIS, argues Ron Wahid, CEO of Arcanum Global Intelligence.

  • Oil back below $50 as OPEC hopes fade Tuesday, 24 Feb 2015 | 4:51 AM ET

    Any hopes of a sustained rally in the price of oil disappeared Tuesday as doubts were raised over an anticipated cut in production.

  • A Reuters survey forecast figures from the American Petroleum Institute on Tuesday, and the U.S. Department of Energy's Energy Information Administration, due to be published on Wednesday, would show U.S. crude stocks increased by 4 million barrels to a record high last week. Brent futures for April were down 50 cents at $58.40 a barrel by 0910 GMT, while U.S. crude...

  • *Nigeria plans OPEC emergency meet if prices fall further- FT. SINGAPORE, Feb 24- Brent fell towards $58 a barrel on Tuesday, extending the 2- percent loss in the previous session, as oversupply fears lingered, overshadowing any optimism on the outlook for the global economy. Brent fell 41 cents to $58.49 a barrel by 0640 GMT, while U.S. crude was down 51 cents at $48.94.

  • Oil Search: '2014 was a transformational year'  Monday, 23 Feb 2015 | 9:41 PM ET

    Peter Botten, managing director of Oil Search, attributes the robust 72 percent jump in annual net profit to new LNG production and exportation from its PNG LNG project.

  • US crude ends lower ahead of fresh inventory data Tuesday, 24 Feb 2015 | 2:32 PM ET
    Oil drills are pictured in the Kern River oil field in Bakersfield, California

    Crude oil futures rose on Tuesday on news that production had stopped at Libya's largest oilfield.

  • SINGAPORE, Feb 24- U.S. crude held steady in early Asian trade on Tuesday after dropping below $50 a barrel the session before, while heating oil futures had jumped 5 percent in the United States due to operational problems at major refineries there. *U.S. crude for April delivery was trading 3 cents higher at $49.48 a barrel at 0018 GMT. *Royal Dutch Shell Plc is...

  • Gas prices rising, but some good news: Pro Monday, 23 Feb 2015 | 5:03 PM ET
    A customer refuels his vehicle at a U-gas station in Miami.

    Consumers are paying more at the pump these days, but there is some good news, Andy Lipow said.