CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories. The Memorial Day weekend is a big weekend for car sales. The Code conference begins. And luxury earnings are on tap.» Read More
Former Federal Reserve Chairman Alan Greenspan, weighs in on the impact of low energy prices on the economy and whether the euro is doomed.
*Nuclear talks between Iran and big powers continuing. SINGAPORE, March 6- Brent crude oil rose to around $61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets. Worries about oil supplies from the Middle East helped widen the premium...
SINGAPORE, March 6- Brent crude rose to trade near $61 a barrel on Friday as geopolitical tensions in Libya and Iraq stoked supply worries, while traders eyed U.S. rig counts and the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen...
SINGAPORE, March 6- Brent crude rose above $61 a barrel on Friday amid geopolitical tensions in Libya and Iraq, while traders eyed U.S. rig counts and the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen and Iraqi soldiers from...
SINGAPORE, March 6- Brent crude rose above $61 a barrel on Friday, supported by geopolitical tensions in Libya and Iraq, while traders eyed the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen and Iraqi soldiers from advancing.
Brent steadied near $60 on Friday as a stronger dollar balanced worries over the impact of fighting in Libya and Iraq on oil production.
CALGARY, Alberta, March 5- Canadian crude-by-rail exports dipped in the fourth quarter from the previous three-month period, National Energy Board data showed on Thursday, as poor netbacks deterred some shippers from loading barrels onto trains bound for U.S. markets. "The differentials have come in quite a bit so they just have not been covering the railing...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI was down and Brent was up, on the day. Today's catalysts: Profit taking and a lowered China growth target.
Pavel Molchanov, Raymond James analyst, discusses which energy stocks will benefit if indeed the oil price moves higher.
The energy industry's failure to use the data it collects means it's not as efficient as it could be, leaving money on the table.
More oil is coming out with fewer jobs added. Joseph LaVorgna, Deutsche Bank, and CNBC's Steve Liesman, discuss their concern for job growth.
The FMHR traders react to ExxonMobil CEO Rex Tillerson calling for more oil demand.
*Bottom pickers support prices up already on Libya, Iraq worries. *Washington presses ahead with nuclear deal for Iran. Concerns about deteriorating oil supplies from Libya and Iraq boosted crude prices even before the New York session.
Cushing, Oklahoma, is a sleepy town with 8,000 people. It's also the intense focus of every major player in the oil market right now.
RBC Capital Markets' Helima Croft, discusses comments by ExxonMobil's CEO on disruptions in oil supply, and the impact on price. Croft explains the geopolitics around oil in Libya and Nigeria, and U.S. crude exports.
*Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude futures pared early gains on Thursday to hover just under $61 as the euro slipped to an 11- year low against the dollar, offsetting concerns about tensions in Iraq and Libya. Brent and WTI rose earlier on Thursday due to concerns about oil supplies from Libya and Iraq.
Despite the meltdown in oil, prices are more likely to rise than to fall further because of political instability, an industry consultant tells CNBC.
ExxonMobil CEO Rex Tillerson shares his thoughts on Warren Buffett's decision to sell Exxon shares and what it means for the stock.
Corrects Hercules Offshore item to change date of announcement of job cuts to Feb. 12 from Feb. 3) Feb 17 (Reuters)- Oilfield services giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have nearly halved since June.
Carl Larry, Frost & Sullivan, discusses the impact of supply and demand pressure on oil prices.