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State regulators have linked earthquake activity in Ohio to fracking, confirming the suspicions of activists pushing for a ban.
CRUDE OIL FUTURES EXTEND GAINS TO RISE BY MORE THAN $1 PER BARREL.
Reza Moghadam, director of the IMF's European department, discusses the IMF's role in helping Ukraine out of its "dire financial solution", and touches upon gas price negotiations with Russia.
LONDON, April 11- Brent oil futures dipped towards $107 a barrel on Friday following a weaker outlook for 2014 global demand growth from the International Energy Agency and due to expectations that more Libyan crude will reach the market next week. Brent crude was down 29 cents at $107.17 a barrel by 0927 GMT after settling 52 cents lower on Thursday.
The fallout from the diplomatic dispute between Russia and Ukraine will continue to affect the oil price for months, according to the International Energy Agency.
Other factors influencing crude supplies included a report that U.S. crude reserves rose to a 38- year high and the delayed reopening of export terminals in Libya. By early afternoon in Europe, benchmark crude for May delivery was down 15 cents to $103.25 a barrel in electronic trading on the New York Mercantile Exchange.
*Libya's state National Oil Corp lifts force majeure for Hariga port. SINGAPORE, April 11- Brent futures eased towards $107 a barrel on Friday as the global supply outlook improved with more Libyan supplies expected to reach the market, although growing tension between the West and Russia over Ukraine put a floor under prices.
*OPEC cautious on economy, sees lower demand for its oil. SINGAPORE, April 11- Brent futures eased towards $107 a barrel on Friday as the global supply outlook improved with more Libyan supplies expected to reach the market, although growing tension between the West and Russia over Ukraine put a floor under prices.
U.S. oil rose on Friday, as strong U.S. growth overtook recent signs of sputtering economic growth in China.
*U.S. crude fell 17 cents to $103.23 a barrel as of 0006 GMT after settling 20 cents down at $103.40 per barrel on Thursday. *Brent shed 13 cents at $107.33 a barrel after ending 52 cents lower at $107.46 a barrel.
WASHINGTON, April 10- The United States could give Europe and Ukraine relief from energy dependence on Russia within months if it overturned the 40- year ban on most U.S. crude oil exports, the head of energy company Hess Corp. said on Thursday. He estimated that Europe and Ukraine could get relief from volatile oil prices in 90 days if the ban was overturned.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks sold off but gold was a big winner as traders moved to bullion. Nat gas was up on a smaller-than-expected build, and crude was down on the day.
*Libya oil guards take control of Hariga port, Zueitina pending. *OPEC sees lower demand for its crude in 2014. NEW YORK, April 10- Global crude oil drifted modestly lower on Thursday, pressured by weaker economic data from China as well as the prospect of a rebound in oil exports from Libya.
*Libya oil guards take control of Hariga port, Zueitina pending. NEW YORK, April 10- Global crude oil prices slipped on Thursday on both sides of the Atlantic, pressured by weaker economic data from China as well as the prospect of a rebound in oil exports from Libya.
Eleven Democratic senators urged Obama to make a final decision on whether to approve TransCanada Corp's Keystone.
CNBC's Jackie DeAngelis reports on the rise in natural gas supplies.
*China exports fall for 2nd straight month in March. LONDON, April 10- Global oil prices slipped towards $107 a barrel on Thursday as Chinese data stoked concerns over demand growth in the world's second-largest economy while markets watched for evidence of a resumption in Libyan exports.
A deal between Sinopec and Phillips could signal that the United States is to become the top supplier of LPG to China.
Iain Armstrong, divisional director at Brewin Dolphin, says BP's decision to take a 20 percent stake in Russian oil company Rosneft was a "very good deal" in the long term.
By early afternoon in Europe, benchmark crude for May delivery was down 24 cents to $103.36 in electronic trading on the New York Mercantile Exchange. On Wednesday, the Nymex contract gained $1.04 to settle at $103.60 amid unrest in eastern Ukraine after adding more than $2 the day before.