The historic blizzard bearing down on the East Coast will likely be bullish for energy and public utility firms, if the past is any guide.» Read More
Look out for big price swings, says Paul Christopher, Wells Fargo Advisors, explaining why investors should expect volatility in the energy sector next year. Don't step in front of this bulldozer, warns Christopher.
LONDON, Dec 24- Brent oil fell below $61 per barrel on Wednesday, weighed down by strong supply in the United States and a rising dollar. Brent for February delivery dropped $1.02 to $60.67 by 0959 GMT after settling up $1.58 on Tuesday. A supply glut in the United States and elsewhere has helped push oil down some 46 percent since it reached this year's peak above...
SINGAPORE, Dec 24- Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the U.S. dollar held near its highest level in nearly nine years on strong data. Brent for February delivery dropped 54 cents to $61.15 by 0400 GMT after settling up $1.58 on Tuesday. U.S. crude fell 53 cents to $56.59, after settling $1.86 higher...
SINGAPORE Dec 24- Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the U.S. dollar held near its highest level in nearly nine years on strong data. Brent for February delivery dropped 28 cents to $61.41 by 0235 GMT after settling up $1.58 on Tuesday. "Every time oil prices come up for air an OPEC member or short...
U.S. crude futures extended losses after inventories unexpectedly surged last week as imports jumped and refineries maintained output.
*Brent for February delivery fell one cent to $61.68 after climbing $1.58 to close at $61.69 a barrel in the previous session. *U.S. commercial crude oil inventories were forecast to have fallen by 2.3 million barrels in the week ended Dec. 19, according to an analysts' poll by Reuters on Tuesday ahead of weekly data from the U.S. Department of Energy's Energy...
Stephen Schork of The Schork Report told CNBC he doesn't think oil is anywhere near a bottom yet.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC.com Managing Editor Allen Wastler reports which stories are heating up on the web.
Stephen Schork of The Schork Report, doesn't yet see a bottom in oil prices.
CNBC's Jackie DeAngelis discusses why the oil rally may just be temporary.
CNBC's Jackie DeAngelis tracks oil's upward momentum in today's trade.
Natural gas prices are collapsing. Are the savings consumers are seeing at the pump and now, possibly, heating bills, just what the markets and economy need?
BRENT CRUDE OIL FUTURES RISE $2 A BARREL IN POST SETTLEMENT TRADE.
If low oil holds for the next 6 months or so, Robert Shapiro, former Under Secretary of Commerce for Economic Affairs, thinks jobs and growth will get a boost.
Whlie falling oil prices are helping the U.S. economy, job prospects in the oil patch aren't so bright.
Nick Tiller, Sustainable America founder and chairman, is not particularly bullish on Canada.
Natural gas futures have been hit lately and it looks like it is just the beginning of the commodity's decline, Chicago Energies' Peter Amandio said.
Crude markets were also supported by expectations for lower U.S. inventories in preliminary data for the week to Dec. 19 due from the American Petroleum Institute. The Commerce Department earlier Tuesday revised up its estimate of U.S. gross domestic product growth in the third quarter to a 5.0 percent annual pace, citing stronger consumer and business...