Oil futures plunged on a surge in supplies of U.S. oil and a record level of gasoline.» Read More
President Obama shares his view of implications saying Keystone pipeline will impact U.S. gas prices and jobs.
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MEXICO CITY, Dec 19- Mexico's state oil company Pemex is renegotiating service contracts worth hundreds of millions of dollars in a drive to cut costs as it grapples with falling crude prices, its chief executive said. Mexico's main crude export mix is worth even less, trading around $51 a barrel on Friday, while Pemex's average production costs are about $22 per...
Some big news this week, including Russia and North Korea. Did any change the game for the market? NYSE floor trader Kenny Polcari weighs in.
NEW YORK, Dec 19- U.S. stocks were little changed on Friday after the market's best two-day run in more than three years, with shares of Nike weighing on the Dow while energy shares led a modest advance on the benchmark S&P 500.. Brent crude oil advanced above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low, while WTI crude climbed 3.3 percent to $55.90.
Oil rig count numbers have a long way to drop, late to chase the price fall in gas prices.
CNBC's Brian Sullivan takes a look at companies "weathering" the slowdown in oil production in Texas.
As oil prices hold at lows, gas station stocks such as CST Brands and Murphy USA may be the best way to play the energy sector, analysts said.
West Texas Intermediate crude futures traded above $55 a barrel while benchmark Brent hovered above the psychologically key $60 level, gaining over 2 percent in New York's morning trade. "At least I'm not convinced that with Brent at $60 or WTI above $55, we've seen the bottom yet," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow, New...
Carnival Cruises earnings have beaten expectations in its fourth quarter, with lower fuel prices being a great help, says David Dingle, UK chairman of Carnival Cruises.
Howard Marks thinks that the drop in oil prices could finally expose low lending standards and provide better value in the markets.
*Brent holds above $60 a barrel. Brent crude oil advanced above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low, while WTI crude climbed 3.3 percent to $55.90. It's kind of coming back to where we were about two weeks ago, "said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
Dec 19- U.S. crude oil futures rallied more than $2 a barrel on Friday, with traders citing book-squaring ahead the expiry of the front-month January contract and pre-holiday short-covering. West Texas Intermediate crude for January delivery was up $2.14 to $56.25 a barrel by 10:49 a.m. EST after hitting a session high at $56.25. The nearby February contract,...
"Meet the Press" moderator Chuck Todd, discusses new U.S. relations with Cuba and its impact to American oil companies, with CNBC's Rick Santelli.
NEW YORK— Stocks are opening mostly higher in the U.S. as the market comes off a massive two-day rally. CarMax jumped 8 percent in early trading after the used car dealership chain reported a surge in its latest quarterly earnings. The price of crude oil rose $1.65 to $55.99 a barrel in New York.
Thomas L. Friedman, The New York Times, discusses how oil is prompting a geopolitical shift in Middle East power structures.
Former Shell Oil President John Hofmeister lashes out at Gov. Andrew Cuomo on his decision to ban fracking in New York state.
*Brent holds near $60 a barrel. NEW YORK, Dec 19- U.S. stock index futures climbed on Friday, and the benchmark S&P 500 index was poised to continue to rally after its best two-day run in three years. *Brent crude oil rose hovered near $60 a barrel on Friday, recovering from near a 5-1/ 2- year low while WTI crude advanced 0.8 percent to $54.54.