Oil could drop to $35 a barrel if OPEC does not reach an agreement by next spring, when supply will dwarf demand, oil price tracker Tom Kloza says.» Read More
Discussing mergers and acquisitions in the bakken region, and who the buyers likely are, with Brian Velie,Capital One Southcoast senior E&P analyst.
Oil traders are worried about supply concerns, reports CNBC's Jackie DeAngelis.
The $6 billion buyout of Kodiak Oil & Gas is renewing attention on energy firms in North Dakota's Bakken formation.
Private equity firm KKR continues to expand its offerings, this time buying a stake in hedge fund firm BlackGold.
Average gas price prices fell over the past three weeks in reaction to declining costs of crude oil, according to the Lundberg survey released.
Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.
LONDON, July 14- Brent crude oil steadied around $107 a barrel on Monday, close to its lowest in three-months after weeks of heavy falls on signs of improving supply from key producers and weak demand in some consuming centers.
LONDON, July 14- Brent crude oil slipped towards $106 a barrel on Monday, its lowest for three months, depressed by signs of improving supply from key producers and weak demand in some consuming centres.
Oil prices were little changed as traders weighed turbulence in the Middle East against signs of a market well-supplied with crude.
SEOUL, July 14- U.S. crude futures edged up towards $101 a barrel on Monday as worries intensified over disruptions to supply in the Middle East and North Africa. *U.S. crude had gained 1 cent to $100.84 a barrel by 0007 GMT, after settling down $2.10 at $100.83- the lowest since May 12.
The United States is swimming in oil and gas. However, processing this bounty is posing a challenge to U.S. refiners.
NEW YORK, July 11- Commodity prices from cotton to corn to crude tumbled on Friday, driving a key index to its longest-ever losing streak as supply-side fundamentals grew brighter. The rout came a day after news of strain at Portugal's largest listed bank upset other financial markets with fears of financial contagion in Europe.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. Oil was down on the day, as was gold, although it still closed over $1,335.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories.
BRENT CRUDE OIL FUTURES EXTEND LOSSES, FALL $2 PER BARREL.
An enterprising CEO at this oil and gas company makes its stock very attractive if it falls from current levels, says Jim Cramer.
Kathy Lien, BK Asset Management, says the U.S. dollar may be nearing a bottom. And Carl Larry, Oil Outlooks & Opinions president, explains how geopolitical tension may firm up the oil market.
The government will have its planned gasoline stockpile in time to respond to possible supply disruptions at the height of the hurricane season.