Oil tycoon Harold Hamm tells CNBC his divorce from Sue Ann Arnall is "in the rearview mirror."» Read More
CNBC's Steve Liesman breaks down the headwinds and tailwinds facing the U.S. economy.
CNBC's Jackie DeAngelis reports oil remains under pressure as traders believe WTI could move to $45 while Brent crude trades at $50.96.
*Bourse merger speculation lifts Dubai's DFM. DUBAI, Jan 8- Gulf stock markets extended gains on Thursday after oil rebounded slightly from its Wednesday low and several companies made positive announcements. Supported by a fall in U.S. crude oil inventories, Brent futures traded above $51 per barrel on Thursday after briefly dropping below $50 in the previous...
Investors stand to make as much as 30 percent on energy debt investment based on current prices of debt and the projected cost of oil, Marc Lasry said.
Edward Morse, Citi commodities research, shares his outlook on crude prices. The U.S. will see a 40-percent cut in capex, predicts Morse.
A bill to approve the Keystone XL oil pipeline clears a key Senate committee, setting up a fight pitting newly empowered Republicans against President Obama.
Even though inflation dropped sharply at the start of 2015, it will not stop the U.S. Federal Reserve from raising rates during the middle of the year, says Greg Ip, U.S. economics editor at The Economist.
The U.S. Federal Reserve sees the drop in the price of oil as good for consumers, but what about headline inflation? Tony Fratto, managing director at Hamilton Place Strategies, gives his thoughts.
*China crude imports likely hit record in December. LONDON, Jan 8- Oil held above $51 a barrel on Thursday, supported by a surprise drop in U.S. inventories, as bulls and bears searched for a bottom in the market's second-biggest rout ever. Brent crude fell 3 cents to $51.12 by 1007 GMT.
SINGAPORE, Jan 8- Brent bounced around $51 a barrel on Thursday as bulls and bears tugged at both ends in their search for a bottom in the second-biggest price rout on record. February Brent rose 7 cents to $51.22 by 0801 GMT. U.S. crude was at $48.81, up 16 cents, after earlier peaking at $49.65.
MOSCOW, Jan 8- The rouble strengthened on Thursday morning after a firming of the oil price on Wednesday, following heavy falls in the Russian currency on Monday and Tuesday when crude prices tumbled. The Moscow Exchange was closed on Wednesday when international oil benchmark Brent firmed above $50 a barrel, helped by an unexpected fall in U.S. oil stocks.
SINGAPORE, Jan 8- Brent crude extended gains on Thursday to hold above $51 a barrel, after an unexpected fall in U.S. crude stocks snapped a 4- session decline the previous day. Brent crude marked an intraday high of $51.91 a barrel and was at $51.30 by 0543 GMT, up 15 cents. But pressure on prices that have plunged more than half since June highs remains strong, with key...
SINGAPORE, Jan 8- Brent crude extended gains on Thursday to hold above $51 a barrel, after an unexpected fall in U.S. crude stocks snapped a 4- session decline the previous day. Brent crude marked an intraday high of $51.91 a barrel and was at $51.60 by 0253 GMT, up 45 cents. But pressure on prices that have plunged more than half since June highs remains strong, with key...
Robert Martin, CEO of BOC Aviation, outlines the impact of falling oil prices on airline operating costs and consumer spending.
Oil held near $51 a barrel supported by a surprise drop in U.S. inventories, as bulls and bears searched for a bottom.
SINGAPORE, Jan 8- U.S. crude stayed above $48 a barrel on Thursday, holding on to gains in the previous session following an unexpected drop in crude inventories and a positive economic outlook at the world's largest oil consumer the United States. *Brent crude settled at $51.15 a barrel on Wednesday, up 5 cents, after earlier falling below $50 for the first time...
Which retailers should investors consider owning? Mad Money's Jim Cramer shares an "eclectic" mix.
Daniel Hynes, Senior Commodity Strategist at ANZ and Dan Yergin, Vice Chairman at IHS, say the rise in demand won't be able to offset the increase in supply, and debate what that means for prices.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude ended a little higher on the day, after Brent went under $50 last night. A significant build in gasoline could mean even lower prices at the pump.
*Brent up 5 cents after breaking below $50; U.S. crude above $48. NEW YORK, Jan 7- Oil closed up on Wednesday for the first time in five days as traders took stock of the market's rout after crude prices lost nearly 10 percent over two days and benchmark Brent fell to below $50 a barrel. Oil prices were lower in early New York trade, extending their downdraft after the first...