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Oil and Gas Drilling Commodity Market Trades, Charts

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  • PARIS/ LONDON, Dec 19- Bargain hunters may have to think twice before scooping up shares of beaten-down oil services companies, as a slump in crude prices raises questions about their ability to pay back debt. "People are just starting to dump these bonds given the trajectory of oil prices," Saxo Bank Chief Investment Officer Steen Jakobsen said.

  • BISMARCK, N.D., Dec 19- Tumbling U.S. oil markets hit an important if obscure milestone on Thursday, closing for the first time at a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. "We're really at the point where we could start calculating this," Ryan Rauschenberger, North Dakota's tax commissioner, said...

  • Frack ban coming to New York? Looks like it... Wednesday, 17 Dec 2014 | 1:16 PM ET
    New York Gov. Andrew Cuomo

    NY will move to prohibit fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique.

  • Why the bottom for the oil sector could be near Monday, 15 Dec 2014 | 8:46 AM ET
    A driver refuels his luxury Ferrari automobile with unleaded petrol at an Esso gas station, operated by Exxon Mobil Corp., in Guildford, U.K.

    Energy stocks will reach a bottom when investors feel they can't own them at any price—and that time is near, said Fundstrat founder Tom Lee.

  • Bakken-Cushing pipeline project slammed shut Saturday, 13 Dec 2014 | 11:01 AM ET

    Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.

  • OPEC cuts 2015 forecast as shale boom persists Wednesday, 10 Dec 2014 | 8:08 AM ET
    Floor hands for Raven Drilling, work on an oil rig drilling into the Bakken shale formation on July 28, 2013 outside Watford City, North Dakota.

    Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom.

  • NEW YORK, Dec 9- The S&P 500 ended nearly flat on Tuesday as concerns about global weakness and political turmoil were offset by gains in technology and energy shares. Advancing issues outnumbered declining ones on the New York Stock Exchange by a ratio of 1.53 to 1. Still, the number of NYSE stocks making new 52- week lows was 255, compared with just 117 making new...

  • The silent crash in commodities—a warning sign Tuesday, 9 Dec 2014 | 12:32 PM ET

    We should heed the warning sign that the silent crash in commodities is flashing, says Ron Insana.

  • US STOCKS-Global demand worries drag Wall St lower Tuesday, 9 Dec 2014 | 11:30 AM ET

    NEW YORK, Dec 9- U.S. stocks were sharply lower on Tuesday as investors shunned risk over concerns about the impact of lower oil prices on the global economy and political turmoil in Greece. "You've seen some real volatility in everything from energy to currencies and it's had a bit of a spillover effect on the market as people try to think about the impact of these...

  • NEW YORK, Dec 9- U.S. stock index futures declined on Tuesday, putting the S&P 500 on track to extend losses after suffering its biggest drop since Oct. 22 in the prior session on concerns about global growth. Oil prices have been under pressure as the dollar has strengthened and OPEC decided against an output cut. *U.S.-listed shares of Seadrill gained 3.1 percent to...

  • NEW YORK, Dec 9- U.S. stock index futures declined on Tuesday, putting the S&P 500 on track to extend losses after suffering its biggest drop since Oct. 22 in the prior session on concerns about global growth. *U.S.-listed shares of Seadrill gained 4.5 percent to $12.09 before the opening bell. John Fredriksen, the biggest owner of the offshore driller, purchased...

  • One NATO state wins big from clashes with Putin Sunday, 7 Dec 2014 | 9:00 AM ET
    Russian President Vladimir Putin (R) Turkish President Recep Tayyip Erdogan (L) seen during a welcoming ceremony in Ankara, Turkey on Dec. 1st, 2014.

    Vladimir Putin is trying to make the best of a tough geopolitical situation, and one NATO member is seeing big benefits.

  • Oil war is sticky, but OPEC may be forced to act Friday, 5 Dec 2014 | 3:03 PM ET
    Workers check the valves at the Taq Taq oil field in Arbil, Iraq, in this Aug. 16, 2014 photo.

    Oil prices are expected to stabilize, but OPEC will probably be forced to cut production, analysts say.

  • Viewer feedback time with Jake Novak  Wednesday, 3 Dec 2014 | 4:00 PM ET

    CNBC's Jake Novak responds to reader comments on a recent CNBC.com column that blamed progressives and green activists for threatening the U.S. energy boom.

  • Huge opportunity in high-yield bond market: Pro Wednesday, 3 Dec 2014 | 12:20 PM ET

    JMorgan's Jim Casey is "concerned" about the impact of falling oil on high-yield bonds but said some hedge funds see opportunity.

  • Texas town's fracking ban takes effect amid issues Tuesday, 2 Dec 2014 | 4:15 PM ET
    Topher Jones, of Denton, Texas, Edward Hartmann, of Dallas and Angie Holliday of Denton, held a campaign sign supporting a ban outside city hall, in Denton, Texas last November.

    Denton, a small town north of Dallas is the first municipality to ban fracking for shale oil, reports NBC.

  • What US should do to fight this 'oil war': Insana Monday, 1 Dec 2014 | 1:35 PM ET

    Saudi Arabia and OPEC may have just launched an 'oil war.' Here's what the US response should be, says Ron Insana.

  • Playing oil—buy these stocks, avoid these: Pros Monday, 1 Dec 2014 | 10:03 AM ET
    A floor hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation outside Watford City, North Dakota.

    Oil stocks have taken a beating, but companies that run on energy have taken the Dow Transports to new highs.

  • Sparking a price war  Monday, 1 Dec 2014 | 8:07 AM ET

    Discussing Saudi Arabia's possible objectives with the price of oil, and the potential bottom in crude, with Kevin Book, Clearview Energy Partners.

  • Cost of drilling around the globe  Monday, 1 Dec 2014 | 8:02 AM ET

    Oil prices continue to fall. CNBC's Michelle Caruso-Cabrera reports the crude economics of extracting oil from the ground.