CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. WTI was down but Brent crude was up on the day. Nat gas was down and gold was up.» Read More
CNBC's Jackie DeAngelis reports why oil is falling below $100 per barrel today.
The Permian Basin of west Texas and southeast New Mexico is seeing an exploration renaissance, according to Oilprice.com.
The price of oil fell below $100 a barrel for the first time since May even as the deteriorating security situation in Libya has raised questions about whether the country can soon increase crude exports. Prices have been falling in recent weeks as worries about supply disruptions from Iraq eased and on the prospect of more supplies from Libya.
LONDON, July 15- Brent crude oil slipped below $106.50 a barrel on Tuesday as easing concerns over global supplies offset the impact of renewed violence in Libya. The latest violence came as oil output from Libya rose to nearly 500,000 barrels per day after Tripoli reached a deal with rebels controlling key export ports.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, discusses the outlook for the oil market after key Libyan terminals reopened.
Brent crude slipped towards $106 a barrel on Tuesday, as worries over Middle East and North Africa tensions eased.
SEOUL, July 15- U.S. crude futures edged up to over $101 a barrel on Tuesday as intensifying conflicts in Libya and Iraq rekindled concerns of supply disruption from the two OPEC members and projections that last week's U.S. crude inventory fell.
Mad Money host Jim Cramer breaks form and explains why piggybacking Nelson Peltz is the one exception to the rule.
LONDON, July 14- Oil prices ended slightly higher on Monday as traders weighed renewed violence in Libya against broader signs of a global market well-supplied with crude. Last week, North Sea benchmark Brent closed at its lowest in three months as easing tensions in Libya and Iraq mitigated fears of supply disruptions.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Discussing mergers and acquisitions in the bakken region, and who the buyers likely are, with Brian Velie,Capital One Southcoast senior E&P analyst.
Oil traders are worried about supply concerns, reports CNBC's Jackie DeAngelis.
The $6 billion buyout of Kodiak Oil & Gas is renewing attention on energy firms in North Dakota's Bakken formation.
Private equity firm KKR continues to expand its offerings, this time buying a stake in hedge fund firm BlackGold.
Average gas price prices fell over the past three weeks in reaction to declining costs of crude oil, according to the Lundberg survey released.
Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.
LONDON, July 14- Brent crude oil steadied around $107 a barrel on Monday, close to its lowest in three-months after weeks of heavy falls on signs of improving supply from key producers and weak demand in some consuming centers.
LONDON, July 14- Brent crude oil slipped towards $106 a barrel on Monday, its lowest for three months, depressed by signs of improving supply from key producers and weak demand in some consuming centres.
The price of oil edged down toward $100 a barrel on Monday after its biggest one-day drop since April following growing expectations of more supplies from Libya. By early afternoon in Europe, benchmark U.S. crude for August delivery was down 28 cents at $100.55 a barrel in electronic trading on the New York Mercantile Exchange.