CNBC's Sharon Epperson reports oil supplies dropped by 10.6 million barrels and gasoline supplies rose by 6.7 million barrels.» Read More
*Obama wants to punish Syria, but faces growing opposition. *Unlikely any Syria attack would cut Middle East oil output- analysts. LONDON, Aug 29- Brent crude oil dropped to $115 a barrel on Thursday as the possibility of a delay in a U.S.-led military strike on Syria helped calm concerns over Middle East oil supplies.
*Obama makes case for punishing Syria, but possible delays loom. *Iran expands nuclear capacity, delays sensitive reactor- IAEA. SINGAPORE, Aug 29- Brent crude dropped toward $115 a barrel on Thursday as the possibility of a delay in a U.S.-led military strike on Syria helped calm worries on Middle East oil supply.
Richard Anderson, CFO of Eurasia Drilling Company, tells CNBC that they are not seeing much signs of a slowdown in commodities in Russia.
Ric Deverell, global head of FX and commodities at Credit Suisse, tells CNBC that the market is pricing into oil the possibility that something bad could happen in the Middle East.
*Obama makes case for punishing Syria, but possible delays loom. SINGAPORE, Aug 29- Brent crude slipped below $116 a barrel on Thursday, taking a breather after its strongest 2- day gain since January 2012 over fears of oil-supply disruptions in the Middle East as western nations prepared to intervene in Syria.
*Obama makes case for punishing Syria, but possible delays loom. SINGAPORE, Aug 29- Brent crude slipped below $116 a barrel on Thursday, taking a breather after clocking its strongest 2- day gain since January 2012 over fears of oil-supply disruptions in the Middle East as western nations prepared to get involved in the Syrian conflict.
Crude oil fell broadly on Thursday, with U.S. oil closing the session sharply lower, as the possibility of a delay in a U.S.-led military strike on Syria helped calm concerns.
SINGAPORE, Aug 29- U.S. oil slipped toward $109 a barrel on Thursday after crude stockpiles in the United States rose more than expected, but rising tensions in the Middle East kept prices near a 2- year high.
Time to fill up on gas before prices potentially head higher? Addison Armstrong, Tradition Energy, and Patrick Dehaan, Gasbuddy.com, share their opinions.
You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
*Syria fears lift U.S. energy stocks; Wall Street up. NEW YORK, Aug 28- Concerns about a possible U.S.-led military strike on Syria sent oil prices higher on Wednesday and triggered a safe-haven run to gold and the dollar.
CNBC's Courtney Reagan discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Crude oil is at a 2-year high following possible U.S. military action in Syria. Dan Dicker, MercBloc, discusses key flash points in oil production.
CNBC's Bob Pisani, Courtney Reagan, and Rick Santelli discuss the markets, oil, and gold awaiting news on Syria.
The Arab League said today it doesn't really want the U.S. to attack. Discussing his opinions on what President Obama should do, with Frank Gaffney, Former Assistant Secretary of Defense.
Oil prices surged with Brent crude up 4 percent since Monday. Alan Harry, Spartan Commodity Fund, and Thomas Vitiello, Aurum Options Strategies, weigh in.
NEW YORK, Aug 28- Crude oil on both sides of the Atlantic pared gains on Wednesday as traders took profits after a two-day price spike that sent Brent prices up 6 percent and U.S. oil prices up 7 percent.
Pavel Molchanov, Raymond James energy analyst, provides his views on where energy prices are likely headed with issues in Syria escalating.
CNBC's Rick Santelli takes a look at the underpinnings on the housing market, Russia oil exports, and China's debt leverage.
CNBC's Courtney Reagan has the latest supply numbers on oil and gas. And John Kilduff, Again Capital, and Addison Armstrong, Tradition Energy, provide the top energy plays as crude prices soar on Middle East unrest.