Brent was down 4 cents, while the October U.S. crude was 5 cents lower. Both contracts staged their biggest daily drop in more than two weeks.» Read More
U.S. drivers are paying nearly 10 cents more per gallon at the pump than they did two weeks ago, as worries about Ukraine contributed to a jump in the cost of ethanol used in making gas.
Peter Hutton, energy analyst at RBC Capital Markets, says the development of shale oil has "mitigated" some of the negative pressure on oil prices.
With drought conditions set to continue in Southeast Asia, and the potential return of an El Nino weather pattern, Michael Coleman, Managing Director at Ash-ling Analytics, says palm oil prices could reach a new high of 3,000 ringgit.
U.S. oil fell by more than $1 per barrel, pressured by a drop in China's exports that stoked slowdown fears.
The bailout money Ukraine is getting may go directly to Russia, analysts tell CNBC.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up after a stronger-than-expected jobs report; gold prices were weaker for the same reason; and natural gas was off slightly on the day.
The case for raising the gas tax, with Carl Davis, Institute on Taxation and Economic Policy, and Chris Edwards, CATO Institute director of tax policy studies.
Former U.S. Secretary of Transportation Ray LaHood discusses the highway trust fund, and why the gas tax needs to be raised.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Traders are still looking at the weather and Ukraine. Business inventories may grow, and the Labor Department will issue a report on just how many jobs were open.
Federal gas tax is currently $0.18 per gallon. CNBC's Phil LeBeau reports this tax has not been raised since 1993.
Richard Mallinson, geopolitical analyst at Energy Aspects, discusses the impact the crisis in Ukraine could have on the price of oil and gas, as major pipelines linking Russia to Europe run through Ukraine.
Badr Jafar, President of UAE-based Crescent Petroleum, gives Access: Middle East his outlook for oil markets as the Davos Conversations continue.
U.S. oil rose more than $1 a barrel as tensions lingered in Ukraine and a report showed U.S. job growth accelerated by more than expected.
Chatter suggests the U.S. intends to develop a secret weapon to thwart Vladimir Putin.
Battles between solar backers and power companies are a skirmish in a much wider war: the regulated utility model could be in a death spiral.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A mixed day in the energy pits. Crude was down a bit and nat gas popped after a drawdown that was greater than expected.
Discussing underestimated value investments and their best stock plays right now, with Anton Bayer, Up Capital Management, and John Buckingham, Al Frank Asset.
James Clunie, manager at Jupiter Absolute Return, says investors have to take a bit of a risk and advises going for stocks that are "out of fashion, cheap and unloved" such as oil majors.
CNBC's Jackie DeAngelis reports on natural gas inventories. Today's drawdown is a bullish number for traders.
Energy experts at IHS Ceraweek say market dynamics will keep the lid on prices of U.S. natural gas even if more expensive techniques are used to extract it.