Brent fell below $86 as a firmer dollar and a well supplied oil market put the benchmark on course to end October with its steepest monthly fall.» Read More
LONDON, June 26- Brent crude oil held steady near $114 a barrel on Thursday, with traders watching developments in Iraq for the possibility of export disruption from OPEC's second-largest producer.
SINGAPORE June 26- Brent crude dropped under $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices.
SINGAPORE June 26- Brent crude fell below $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices.
U.S. crude fell, with Brent also trading lower as fears eased over export disruptions from Iraq, OPEC's second-largest producer.
SINGAPORE June 26- U.S. crude futures edged up towards $107 a barrel in early Asian trade on optimism over U.S. oil exports after Washington approved exports of lightly refined oil, although gains were capped by an unexpected rise in crude inventories.
It is possible for Ukraine to free itself from dependence on Russian natural gas, according to Oilprice.com.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
WASHINGTON, June 25- The White House said on Wednesday there had been no change to the U.S. ban on exports of crude oil, clarifying reports about a decision by the Commerce Department on exports of a type of ultra-light oil that roiled oil markets.
Shares of oil and gas producer Pioneer Natural Resources Co and pipeline company Enterprise Products Partners LP rose after the companies received a private ruling from the U.S. Department of Commerce to export the condensate. Shares of Eagle Ford shale producers Rosetta Resources Inc and SM Energy Co were up more than 4 percent in afternoon trading.
The U.S. is reportedly easing up on a 40-year-old ban on oil exports by allowing two companies to export condensates to foreign buyers. John Licata, Blue Phoenix founder, discusses the potential tax implications, and why he thinks this is "premature" for the U.S.
The White House said on Wednesday there had been no change to U.S. policy on exports of crude oil.
CNBC's Morgan Brennan reports the U.S. is producing the most oil per day since 1988. A close look at the condensate export exception for two American companies. CNBC's Jackie DeAngelis discusses implications for the broader oil market.
CRUDE OIL FUTURES REMAIN DOWN, LITTLE CHANGED AFTER EIA DATA.
CNBC's Jackie DeAngelis reports crude oil inventories build to 1.7 million barrels.
CNBC's Jackie DeAngelis provides insight to oil prices ahead of the Department of Energy's report on weekly inventories.
CNBC's Bob Pisani reports on three anticipated IPOs, including Adeptus Health which priced 4.9 million shares at $22. Pisani digs into the impact on refiners after the U.S. cleared the way for the first exports of U.S. unrefined oil, as well as Monsanto's announced $10 billion buyback.
*Risk of Iraq supply disruptions receding- analyst. LONDON, June 25- Brent crude oil slipped more than $1 towards $113 a barrel on Wednesday as fears of supply disruption in Iraq receded, and as weaker-than-forecast economic data from the United States dented the prospects for demand growth.
The "Squawk on the Street" crew discuss news the U.S. will allow two companies to export ultra-light oil known as condensates to foreign buyers, pending an official release from the government.
I think too often there have been incidences where the Republican Party has allowed itself to be pictured as the party of big business, says Sen. Marco Rubio, (R-Fla.), sharing his thoughts on which issues he would like to see the GOP address.
Sen. Marco Rubio, (R-Fla.), discusses his plan to help the middle class by reallocating funds to implement education reform.