Thomas West, attorney for Norse Energy, discusses why the company will sue New York State if the environmental impact report on fracking is not released soon. He says he's sure fracking can be done safely.» Read More
Gold prices surged $50 to settle above $1700 an ounce in the final hour of the open outcry session at the NYMEX, after the Federal Reserve said it will not raise rates until late 2014.
Natural gas futures surged 8 percent after Conoco Phillips spacer said Wednesday its shutting down 100 million cubic feet per day of production in 2012 due to lower prices.
Check out how commodities are trading in Tuesday's trade:
Mad Money's Jim Cramer discusses the poor performance of oil services companies and drillers, and the outlook for the sector, with Andrew Gould, Schlumberger chairman.
Oil has fallen below $99 a barrel on reports that "major powers" are expected to issue a statement Friday on the possibility of resuming nuclear talks with Iran.
Gasoline futures are rallying on yet another refinery closure.
Here are the commodities on the move Tuesday morning.
What's moving in commodities in Monday’s trade:
The top executive dishes on the company’s billion dollar deal with a subsidiary of Repsol.
Insight on oil prices, with Addison Armstrong, Tradition Energy; Fadel Gheit, Oppenheimer & Co.; and CNBC's Sharon Epperson.
Traders say Iran is the new Libya. Just as civil war in Libya caused crude oil prices to spike to near $115 a barrel in 2011, escalating tensions between the Iran and the West could cause oil prices to reach those levels again early this year.
Why did SandRidge make such a huge deal in a joint venture with Spanish oil giant, Repsol? Tom Ward, SandRidge Energy chairman/CEO weighs in.
Mad Money host Jim Cramer shares his final thoughts on why the energy sector, especially drillers and oil, is the play to make.
Will fracking have a bearish impact on natural gas prices or is supply destruction keeping prices down? Stephen Schork, The Schork Report, weighs in, with the Fast Money traders.
CNBC's Brian Sullivan reports ConocoPhillips was issued a permit to develop the first commercial oil well in Alaska; 13 thousand gallons of synthetic drilling fluid has leaked from a Shell rig in the Gulf of Mexico; the ITC has banned the imports of HTC handsets; and Swedish car maker, Saab has declared bankruptcy.
John Schiller, Energy XXI chairman & CEO, discusses Wednesday's lease sale for spots in the Gulf of Mexico and whether his company will continue to acquire of properties in the future.
The Federal government's lease auction for offshore drilling in the Gulf of Mexico is a big money maker for Uncle Sam, and oil and gas companies. CNBC's Eamon Javers reports on the auction action from the Superdome in New Orleans.
CNBC's Eamon Javers on the first Federal government auction of oil and gas leases since last year's oil spill in the gulf.
CNBC's Eamon Javers has the details on the federal government auctioning off land for oil drilling in New Orleans.
CNBC's Hampton Pearson reports the Interior Department will begin selling leases to tracts of the Gulf of Mexico, with CNBC's Eamon Javers. Also, the NTSB recommends a total ban on cell phones while driving; and CME chairman Terry Duffy testifies Jon Corzine did know customer funds were being used at MF Global.