The cost of oil is being sent higher by “remarkably persistent” factors on both supply and demand, according to the International Energy Agency (IEA).» Read More
*Obama wins backing for Syria strike from key Congress members. SINGAPORE, Sept 4- Brent crude held above $115 a barrel on Wednesday, near a week's high, as U.S. lawmakers voiced support for military action on Syria, renewing jitters over potential supply disruption in the Middle East.
Crude fell on Wednesday, with U.S. oil closing the session sharply lower as the prospect of an immediate U.S. military strike on Syria faded.
You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
You read that right. A top analyst tells Cramer that patterns suggest a strike on Syria could generate a sharp decline.
NEW YORK, Sept 3- Brent crude oil futures rose more than $1 per barrel on Tuesday and settled 1.2 percent higher, fuelled by tighter global supplies and as U.S. lawmakers voiced support for military action against Syria, upholding fears of oil supply disruptions in the broader Middle East.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
The Senate Foreign Relations Committee is holding a hearing on Syria. CNBC's Eamon Javers reports Sec. of State John Kerry and Defense Sec. Chuck Hagel will testify. Helima Croft of Barclays, provides perspective on the impact to oil.
As Congress prepares to vote on President Obama's plan for military action in Syria, traders are keeping an eye on the impact to gold and oil. Mihir Dange, Grafite Capital, and Jeffrey Grossman, BRG Brokerage, offer insight.
Syria's economy is small, but a conflict could ensnare a half-dozen other countries, Pimco's Mohamed El-Erian said.
William Browder, CEO, Hermitage Capital Management, looks at Russia's relationship with Syria and the benefits of instability in the Middle East. National pride and relevance are the reasons behind the country's stance in Syria, he says. With Jason Trennert.
Brent crude was up 79 cents at $115.12 a barrel at 1053 GMT. U.S. oil fell 42 cents to $107.23 from Friday's settlement, as due to the Labor Day holiday there was no Monday settlement for the U.S. benchmark.
Brent crude was up 17 cents at $114.50 a barrel at 0835 GMT. U.S. oil rose 20 cents to $107.00 from Friday's settlement, as due to the Labor Day holiday there was no Monday settlement for the U.S. benchmark. This followed strong manufacturing data from China and Europe the previous day.
*As Obama pushes to punish Syria, lawmakers fear deep U.S. involvement. SINGAPORE, Sept 3- Brent futures edged lower on Tuesday as worries over a military strike on Syria eased, but held above $114 a barrel as investors focused on prospects of a revival in demand growth with factory output across most of the world improving.
*As Obama pushes to punish Syria, lawmakers fear deep U.S. involvement. SINGAPORE, Sept 3- Brent futures eased on Tuesday as worries over a military strike on Syria eased, but held above $114 a barrel as investors focused on prospects of a revival in demand growth with factory output across most of the world improving.
U.S. oil settled higher as U.S. lawmakers voiced support for military action against Syria, raising new fears about an armed conflict that could crimp supply.
*Obama, aides confront sceptical Congress on Syria strike. LONDON/ NEW YORK, Sept 2- Benchmark Brent crude oil prices eked out a small gain on Monday, reversing a deep early slide amid upbeat economic data, North Sea output woes and a new French report on Syria's use of chemical weapons.
Gareth Lewis-Davies, senior oil strategist at BNP Paribas, talks about supply side issues affecting oil prices and how the market still expects some kind of intervention in Syria.
Brent crude oil steadied around $114 on Monday, after a week of gains, as worries over possible Middle East supply disruptions receded.
Uncertainty over whether the U.S. job report will be enough for the Fed to start tapering combined with delays to military action against Syria are dividing opinion in oil prices.
As tensions in Syria rise, oil prices remain volatile. Dan Dicker, TheStreet, and Casey Mulligan, University of Chicago, weigh in. "All the risks to oil remain to the upside," says Dicker.