GO
Loading...

Oil

More

  • HOUSTON, Jan 27- Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn. As oil prices fell by more than half over the last six months from more than $100 per barrel, the U.S. oil industry responded by slowing its...

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. SINGAPORE, Jan 27- Brent crude oil prices held above $48 on Tuesday following comments from OPEC that prices may have found a floor. "OPEC's Secretary General commented yesterday that prices may have bottomed, but there was no imminent prospect of OPEC producers sitting down to discuss cutbacks until...

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. SINGAPORE, Jan 27- Oil prices were little changed on Tuesday, with Brent holding above $48 following comments from a top OPEC official that prices may have found a floor. "OPEC's Secretary General commented yesterday that prices may have bottomed but there was no imminent prospect of OPEC producers...

  • NYMEX-US crude holds above $45 after three-day slide Monday, 26 Jan 2015 | 7:26 PM ET

    SINGAPORE, Jan 27- U.S. crude futures steadied above $45 a barrel on Tuesday after a three-session fall that dragged prices to near their lowest level in almost six years, amid a firmer dollar and well supplied market. *U.S. crude for March delivery was up 10 cents at $45.25 a barrel by 0018 GMT, after hitting a session low of $44.35 on Monday. That was the lowest intraday...

  • UPDATE 9-Oil slides despite OPEC talk of a floor Monday, 26 Jan 2015 | 4:22 PM ET

    *Oil may have hit a floor, OPEC secretary general says. NEW YORK, Jan 26- Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom. Following the restart of a major U.S. Midwest refinery unit, the Brent/WTI spread narrowed to $3.01 after...

  • Too early to call definitive oil bottom: Pro  Monday, 26 Jan 2015 | 3:22 PM ET

    Jan van Eck of Van Eck Global, outlines concerns for playing commodities in the ETF space, with CNBC's Bob Pisani.

  • Spread widens between Brent & WTI  Monday, 26 Jan 2015 | 12:15 PM ET

    Sarat Sethi, Douglas C. Lane, has the play on the surplus supply of oil and gas in the U.S. And Pete Najarian isn't ready to dip his toe into the energy space just yet.

  • How to trade the historic blizzard Monday, 26 Jan 2015 | 11:59 AM ET
    Man shoveling show following a snow storm in Buffalo last November.

    The historic blizzard bearing down on the East Coast will likely be bullish for energy and public utility firms, if the past is any guide.

  • NEW YORK, Jan 26- U.S. oil prices were steady Monday, ahead of the first big snowstorm this year in the country's Northeast, while benchmark Brent crude fell after pledges of no policy change by the top oil exporter Saudi Arabia after King Abdullah's death. The National Weather Service issued a blizzard warning for New York City and surrounding areas between...

  • UPDATE 6-Oil prices slip after smooth Saudi transition Monday, 26 Jan 2015 | 10:16 AM ET

    *OPEC secretary-general comments fail to sustain bounce. LONDON, Jan 26- Oil prices slipped on Monday after Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter. March Brent crude was trading at $48.55 per barrel by 1509 GMT, down 24 cents, above an early low of $47.57.

  • Oil volatility returns  Monday, 26 Jan 2015 | 9:43 AM ET

    CNBC's Jackie DeAngelis reports oil may be reaching a bottom, although a stronger U.S. dollar is adding selling pressure.

  • Gas bottom near as prices hit six-year low: Survey Monday, 26 Jan 2015 | 8:38 AM ET

    U.S. gas prices might hit bottom soon after falling to their lowest levels since April 2009, according to a Lundberg survey.

  • Wilbur Ross's oil prediction  Monday, 26 Jan 2015 | 8:36 AM ET

    Near term it could get "messy," says Wilbur Ross, WL Ross & Company chairman & CEO, sharing his outlook on oil.

  • *OPEC secretary-general thinks prices may have reached a bottom. LONDON, Jan 26- Oil prices turned positive on Monday, erasing early losses after the Secretary-General of the OPEC producer group said he expected the market to bottom out around current levels. "Now the prices are around $45- $55 and I think maybe they reached the bottom and will see some rebound very...

  • Markets in limbo but remains secular bull: Pro  Monday, 26 Jan 2015 | 7:35 AM ET

    Jeffrey Saut, Raymond James Financial, provide an outlook the markets. Oil is nearing a bottom phase and that could present some opportunities, says Saut.

  • Market theme: 'Lower in everything'  Monday, 26 Jan 2015 | 5:50 AM ET

    Michael W. Gurka, founder and president of BruinHill Partners, says that Greece's election results won't have too much of an effect on U.S. markets, yet lower prices in everything will dominate markets worldwide.

  • Saudi Arabia's markets reopen  Monday, 26 Jan 2015 | 5:20 AM ET

    Saudi Arabia's stock market has reopened after the recent passing of King Abdullah. Hadley Gamble reports the latest.

  • President Obama to visit Saudi Arabia  Monday, 26 Jan 2015 | 6:17 AM ET

    CNBC's Hadley Gamble reports President Obama will likely discuss terrorism when he travels to Riyadh on Tuesday.

  • LONDON, Jan 26- Oil prices declined on Monday, with U.S. crude falling close to a nearly six-year low, as Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter. March Brent crude was trading down 86 cents at $47.93 a barrel by 0932 GMT, wiping out light gains made on Friday, but off an...

  • March Brent crude fell 71 cents to $48.08 a barrel by 0718 GMT, wiping out light gains made on Friday after the death of Saudi King Abdullah, but it was off an early low of $47.85. Front-month WTI earlier slid to an intraday low of $44.35, just above the $44.20 hit on Jan. 13, which was the lowest since April 2009. "We saw the dollar rally again on Friday and this was largely on...