OPEC oil supply has jumped in March to its highest since October, a Reuters survey found.» Read More
Daryl Guppy, CEO at Guppytraders.com, says U.S. crude is seeing a short-term rally within the context of a downtrend, while benchmark Brent could rally to $60-62 a barrel before retreating again.
SINGAPORE, Feb 4- U.S. crude futures fell more than 2 percent in early Asian trade on Wednesday, after a tumbling dollar had pushed up prices by about 19 percent over the last four sessions. Estimates by industry group American Petroleum Institute that U.S. crude stockpiles rose more than 6 million barrels last week, in a fifth straight week of climbs, helped drive...
*Asian share markets set for gains after Wall St jump. SYDNEY, Feb 4- Oil prices were holding hefty gains in Asia on Wednesday having rallied 19 percent in just four sessions, while the U.S. dollar nursed big losses as a revival in risk appetite swept through crowded trading positions. Benchmark Brent crude oil finished Tuesday with a gain of $2.25 to $57.00 a barrel,...
Petrobras shares jumped more than 15 percent after a local newspaper reported that Brazilian President Dilma Rousseff has decided to replace the CEO.
John Carey, executive vice president & portfolio manager at Pioneer Investments, discusses the rebound in crude oil prices despite the imbalance between supply and demand.
Discussing the economics of oil, and what kinds of acquisitions investors can expect ahead, with Kinder Morgan Chairman and CEO Rich Kinder.
Atul Lele, CIO of Deltec International Group, says slowing U.S. dollar liquidity growth and falling commodity prices could spark a crisis in emerging markets this year.
Global Hunter Mike Kelly's grandmother Mernie invested in Concho, and the stock is up about 14 percent since. Kelly discusses his firm's view of Concho, and oil stocks.
After an aggressive selloff for the past 7 months, $59 a barrel remains an inappropriate long term price, which makes it an attractive entry point, says Daniel Morgan, global commodities analyst at UBS.
The "Fast Money" traders share their trades on energy stocks including in Concho Resources and Whiting.
Reforms to raise tax revenue and cut out corruption in Ukraine could deter investment when the country desperately needs it.
Dissecting the surge in the price of crude Tuesday, with the "Fast Money" traders.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up big on the day, but many traders think this is a short-term blip.
CNBC's Phil LeBeau reports on the number of cars and trucks sold in January.
NEW YORK, Feb 3- Oil prices jumped again on Tuesday as a tumbling dollar sent most commodities rallying, bringing crude's four-day rise to about 19 percent, its biggest such advance since January 2009. Benchmark Brent crude oil settled up $3.16, or nearly 6 percent, at $57.91 a barrel. U.S. crude, or WTI, finished up $3.48, or 7 percent, at $53.05, after a session high at...
A global oversupply in oil and lack of storage make it very likely that oil will slide into the $30s, Citi's Ed Morse told CNBC.
Liz Ann Sonders, Charles Schwab, shares her global view of economic growth at the NYSE.
Was it lower oil prices, or the economy that boosted truck leasing company Ryder's earnings? Robert Sanchez, Ryder System CEO, provides insight.
CNBC's Jackie DeAngelis reports which factors took the price of crude higher Tuesday.
Tuesday's rally aside, Stephen Schork says $40 oil is around the corner.