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  • Has oil hit bottom? Saut says yes   Monday, 2 Feb 2015 | 2:03 PM ET
    Has oil hit bottom? Saut says yes

    Jeffrey Saut, Chief Investment Strategist, Raymond James, says he believes oil has bottomed and offers up his buying advice for the sector.

  • Easy come, easy go: Pump prices back on the rise Monday, 2 Feb 2015 | 1:27 PM ET
    A customer refuels his vehicle at a Hess Corp. gas station in Washington, D.C., U.S., on Monday, Jan. 26, 2015.

    After hitting their lowest levels since 2009, pump prices are going to climb through February.

  • Power Play: Betting on low oil prices Monday, 2 Feb 2015 | 1:11 PM ET
    oil production crude oil exploration

    Stock market can still rally on low oil prices.

  • Strikes at US refineries   Monday, 2 Feb 2015 | 1:06 PM ET
    Strikes at US refineries

    Nine U.S. oil refineries and plants are experiencing walkouts after a national contract with the United Steel Workers Union expires. CNBC's Morgan Brennan reports.

  • NEW YORK, Feb 2- Oil prices rose in volatile trading on Monday, with some investors betting a powerful rally from Friday had put a bottom to the seven-month long rout on the market even as others remained pessimistic. "People are very, very skittish," said analyst Chandravir Ahuja of Kolmar Americas Inc in Bridgeport, Connecticut. Benchmark Brent crude was up $1.45 at...

  • Dan Dicker: Oil has not bottomed   Monday, 2 Feb 2015 | 12:25 PM ET
    Dan Dicker: Oil has not bottomed

    Dan Dicker, MercBlock president, explains why crude is likely to go lower despite Friday's rig cuts. The market has gotten ahead of itself, says Dicker.

  • CRUDE DIFERENTIAL AT ABOVE $5 A BARREL, WIDEST SINCE NOV- REUTERS DATA.

  • Feb 2- Imperial Oil Ltd's Kearl oil sands project expansion will start ahead of schedule, the company said on Monday, in the latest sign that weak crude prices are failing to dent oil sands growth. Imperial, Canada's second-largest integrated oil producer and refiner, said construction on the Kearl expansion in northern Alberta is essentially complete.

  • Cramer: Exxon Mobil stocks going lower Monday, 2 Feb 2015 | 11:01 AM ET
    An Exxon Mobil station in Cincinnati

    CNBC's Jim Cramer explains why investors should be worried about lower Exxon Mobil share prices.

  • LONDON, Feb 2- Crude oil prices rose on Monday as investors shrugged off a U.S. refinery strike and focused on a falling U.S. rig count that signalled lower production down the line. At 1438 GMT, Brent crude futures were up 50 cents at $53.50 a barrel, after leaping as high as $55.62 and dipping as low as $51.41, as the bulls battled with the bears. U.S. crude was up 55 cents at...

  • Feb 2- Imperial Oil Ltd, Canada's second-largest integrated oil producer and refiner, posted a 36.5 percent fall in quarterly profit, hurt by lower crude prices as well as weaker refining and marketing margins. Imperial Oil joins a list of Canadian and U.S. oil and gas producers who have scaled back capital spending plans for 2015, following a sharp decline in oil...

  • LONDON, Feb 2- Oil prices surged 8 percent on Friday as the market digested news another 94 rigs previously drilling for oil in the United States had been idled over the previous week. Continental Resources, one of the largest drillers in North Dakota's Bakken shale, promised late last year it would cut the number of rigs it employs by 30 percent by the end of the...

  • Imperial Oil profit slumps as oil prices plunge Monday, 2 Feb 2015 | 8:11 AM ET

    Feb 2- Imperial Oil Ltd, Canada's second-largest integrated oil producer and refiner, posted a 36.5 percent fall in quarterly profit, hurt by lower crude prices and weaker refining margins. The company's net income fell to C $671 million, or 79 Canadian cents per share, in the quarter ended Dec. 31 from C $1.06 billion, or C $1.24 per share, a year earlier.

  • Has oil hit bottom?   Monday, 2 Feb 2015 | 7:33 AM ET
    Has oil hit bottom?

    Schneider Electric's Matt Smithand TJM Institutional Services, focus in on the play on energy and stocks as crude prices stage a snapback.

  • ExxonMobil earnings beat, revenues lag Monday, 2 Feb 2015 | 9:06 AM ET
    An ExxonMobil sign is displayed at a gas station in Cincinnati.

    Despite the plunge in oil prices, ExxonMobil posted earnings that easily topped expectations, though revenue fell slightly short.

  • Short bets on WTI crude soar to 5-year high Monday, 2 Feb 2015 | 6:41 AM ET

    Volumes of open short positions in U.S. crude futures rose to five-year highs end-January as traders wagered on further price falls.

  • The 'Russian effect' on oil majors' earnings   Monday, 2 Feb 2015 | 5:30 AM ET
    The 'Russian effect' on oil majors' earnings

    ExxonMobil is set to report its earnings later today. Iain Reid, analyst at BMO Capital Markets, says that sanctions against Russia may hit aspects of Exxon-Mobil for a short while, however it shouldn't impact their earnings.

  • How will China lift growth?   Monday, 2 Feb 2015 | 4:30 AM ET
    How will China lift growth?

    The latest Chinese PMI data demonstrates its "precarious" current position says Shweta Singh, senior economist at Lombard Research, who discusses what it needs to do next.

  • GRAPHIC: WTI short positions: http://link.reuters.com/gyc93w. By Henning Gloystein and Gavin Maguire SINGAPORE, Feb 2- Volumes of open short positions in U.S. crude futures rose to five-year highs end-January as traders wagered on further price falls. The question is: if those positions were suddenly covered- and it wouldn't be unheard of- would it end the...

  • At 1109 GMT Brent crude futures were up $1.81 at $54.80 a barrel, after leaping as high as $55.62 and dipping as low as $51.41, as the bulls battled with the bears. U.S. crude was up $1.44 at $49.68 a barrel, after touching an intraday high of $50.56 and slumping to $46.67 in Asian trading. "So far only a handful of refineries have been affected, but the last time they went on...