U.S. crude futures held near a two-week low below $102 a barrel in early Asian trade on Thursday after oil stockpiles rose last week.» Read More
*Libya oil guards take control of Hariga port, Zueitina pending. NEW YORK, April 10- Global crude oil prices slipped on Thursday on both sides of the Atlantic, pressured by weaker economic data from China as well as the prospect of a rebound in oil exports from Libya.
Eleven Democratic senators urged Obama to make a final decision on whether to approve TransCanada Corp's Keystone.
CNBC's Jackie DeAngelis reports on the rise in natural gas supplies.
*China exports fall for 2nd straight month in March. LONDON, April 10- Global oil prices slipped towards $107 a barrel on Thursday as Chinese data stoked concerns over demand growth in the world's second-largest economy while markets watched for evidence of a resumption in Libyan exports.
A deal between Sinopec and Phillips could signal that the United States is to become the top supplier of LPG to China.
Iain Armstrong, divisional director at Brewin Dolphin, says BP's decision to take a 20 percent stake in Russian oil company Rosneft was a "very good deal" in the long term.
By early afternoon in Europe, benchmark crude for May delivery was down 24 cents to $103.36 in electronic trading on the New York Mercantile Exchange. On Wednesday, the Nymex contract gained $1.04 to settle at $103.60 amid unrest in eastern Ukraine after adding more than $2 the day before.
SINGAPORE, April 10- Brent futures eased towards $107 a barrel on Thursday as weak China trade data stoked demand growth concerns and investors booked profits after gains of 2 percent over the past two days.
SINGAPORE, April 10- Brent futures eased towards $107 a barrel on Thursday on weak China trade data and as investors booked profits after gains of 2 percent in the past two days.
Crude prices slipped on both sides of the Atlantic, hit by weak Chinese data as well as the prospect of a rebound in Libya's oil exports.
SEOUL, April 10- U.S. crude futures edged down in early Asian trade on Thursday after surging more than $1 in the previous session due to an unexpected spike in gasoline demand and tensions over Ukraine. *U.S. oil fell 23 cents to $103.37 a barrel as of 0001 GMT after settling $1.04 higher at $103.60 per barrel on the previous session.
Jim Morgan, Krispy Kreme chairman, president and CEO, discusses the company's performance and expresses confidence about its beverage sales going forward.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was higher on the day as geopolitical tensions drove the price. Nat gas also popped, as traders looked for another drawdown in supplies. And gold was down today as traders looked for the next big catalyst.
*Russia seeks to reassure West, Ukraine over troops. NEW YORK, April 9- U.S. crude rose by $1 on Wednesday as a rally that started with high gasoline demand was boosted by technical trading, while Brent crude rose modestly due to the tense relations between Russia and the West.
*Russia seeks to reassure West, Ukraine over troops. NEW YORK, April 9- Brent crude rose on Wednesday as rising tensions between Russia and Ukraine made investors skittish again, while U.S. crude rose on much higher than expected gasoline demand.
U.S. Energy Secretary Ernest Moniz declared a green loan program alive and well—and not just for renewable energy.
CNBC's Jackie DeAngelis reports on the better-than-expected 4 million barrel build in crude oil.
China has begun drilling into the Tibetan Plateau to feed its appetite for raw materials, Oilprice.com reports.
*Russia seeks to reassure West, Ukraine over troops. LONDON, April 9- Brent crude rose towards $108 a barrel as rising tension between Russia and Ukraine overshadowed the bearish impact of a steep rise in crude oil stockpiles in the United States.
*Russia seeks to reassure West, Ukraine over troops. LONDON, April 9- Brent futures steadied above $107 a barrel as tension escalated over Ukraine, but a steep rise in crude oil stockpiles in the United States weighed on prices.