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Oil and Gas Drilling Commodity Market Trades, Charts

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  • Oil at 2-Week High, Biggest 1-Day Gain in a Month Friday, 3 Aug 2012 | 3:07 PM ET

    U.S. oil futures topped $91 a barrel for the first time in two weeks, surging over 4 percent to post the biggest one-day surge for oil prices since June 29. The September WTI crude contract closed the NYMEX floor trading session up $4.27 at $91.40 a barrel.

  • Oil Posts Biggest One-Day Gain in a Month Friday, 3 Aug 2012 | 10:59 AM ET

    Oil prices are extending gains on better-than-expected U.S. non-farm payrolls data, a re-evaluation of Draghi's comments, and deepening concerns about escalating violence in Syria..

  • Biggest One-Day Drop in Nat Gas Since 2009 Thursday, 2 Aug 2012 | 3:32 PM ET
    Natural Gas

    Natural gas futures plunged 8 percent Thursday as supplies grew more than expected last week and as hot temperatures were forecast to moderate by the middle of August.

  • Which Large Oil Fields Are Waiting to Be Developed? Thursday, 2 Aug 2012 | 9:48 AM ET
    An oil drilling rig in the Junin 10 field in the Orinoco Oil Belt, in Anzoategui, Venezuela on January 24, 2012.

    For a variety of reasons there still exist many untapped oil fields in the world. Those reasons may be political, technological, geological, or economical; but as time goes on they are being resolved to the extent that some huge fields are now becoming available for exploration and production.

  • Is the Gold Rush Over? Wednesday, 1 Aug 2012 | 1:12 PM ET

    Sliding gold coin sales show that retail demand for the actual metal is clearly fading, but dealers and analysts say it is not because investors are less concerned about the financial turmoil around the globe. There's just not the same fervor for the precious metal as in recent years.

  • US Refiners Continue Stealth Rally Tuesday, 31 Jul 2012 | 1:33 PM ET
    Valero Refinary

    As the summer doldrums set in for oil and equities, at least one sector has become a sleeper hit — refinery stocks.

  • The Case for China's Canadian Oil Grab Monday, 30 Jul 2012 | 4:18 PM ET

    China’s $15.1 billion bid to acquire Canada’s Nexen oil company threatens to turn China into an owner rather just a major buyer of Canadian oil, and prompts a surge in nationalist rhetoric that is attempting, misguidedly, to bring up the question of sovereignty.

  • Ten Reasons Why Fracking Is Doomed Friday, 27 Jul 2012 | 2:33 PM ET
    A hydraulic fracturing site

    The cost of generating electricity by wind and solar is falling rapidly, ,and however hard Big Oil and Big Gas try to suppress government funding and tax breaks for renewables, they are doomed to lose, and in only about 4 years.

  • Oil Rallies Amid Talk of More Fed Easing Wednesday, 25 Jul 2012 | 3:43 PM ET

    Oil prices staged a sharp turnaround ahead of the close in floor trading at the NYMEX Wednesday, as traders speculated about the prospects for more Fed easing.

  • Oil, Gasoline Futures Fall on Bearish Inventory Data Wednesday, 25 Jul 2012 | 12:39 PM ET

    West Texas Intermediate (WTI) oil futures fell to the lowest price in more than a week, sliding more than $1 to below $88 a barrel, and RBOB gasoline futures plunged more than two percent to a two-week low, trading below $2.75 a gallon, after the U.S. Energy Information Administration reported a huge increase in domestic oil and gasoline supplies over the past week.

  • Major Insurer Says It Won't Cover Fracking Tuesday, 24 Jul 2012 | 11:04 AM ET
    Fracking

    Nationwide Mutual has become the first insurance company to decline coverage for claims related to hydraulic fracturing, a controversial energy production known as “fracking.”

  • Q&A: Energy Showdown in Argentina Tuesday, 24 Jul 2012 | 10:58 AM ET
    Falkland Islands

    Argentina is making few friends in the fossil fuels industry these days. Sam Logan, owner of  Southern Pulse, speaks to Oilprice.com about the politics of populism behind Argentina’s energy aggression.

  • CNOOC’s Failed Unocal Bid Paved Way for Nexen Deal Tuesday, 24 Jul 2012 | 3:39 AM ET

    The memory of  its failed 2005 bid for Unocal still fresh, China's state-controlled CNOOC Ltd. has put lessons learned into practice and "networked strongly" with regulators in Canada and the U.S., smoothing the way for its $15.1 billion all-cash deal to  buy Canadian oil producer Nexen Inc.

  • Why Oil Will Keep Sliding: Armstrong Monday, 23 Jul 2012 | 1:17 PM ET

    The prospect of military conflict over Iran's nuclear program, on one hand, versus a deteriorating global economic outlook, on the other, are divergent factors that nevertheless pushed oil prices to their highest level since May last Thursday.

  • Nat Gas Futures Poised to Settle at 6-Month High Friday, 20 Jul 2012 | 12:59 PM ET
    Natural Gas

    Natural gas futures topped $3. per million BTUs for the third straight session on Friday, rising to an intraday high of nearly $3.06.

  • Arctic Drilling Is Expensive. Ask the Coast Guard Thursday, 19 Jul 2012 | 1:51 PM ET
    US Coast Guard Arctic

    Royal Dutch Shell is one of six energy companies hoping to begin drilling for oil and gas in the Arctic next month, and the U.S. Coast Guard is billions of dollars short of what it needs to monitor and protect those operations, according to a report.

  • Have Gasoline Prices Bottomed? Monday, 16 Jul 2012 | 11:21 AM ET

    Some analysts suggest the slide toward a $3.00 retail gasoline may have permanently stalled. Retail gasoline prices often follow the trend in the futures market within a week or so, analysts say.

  • PTT Exploration and Production, the subsidiary of PTT, may be still holding out its bid for Mozambique-focused oil and gas explorer Cove Energy, but one analyst says the acquisition is a bad idea for the Thai oil company because it would hurt its balance sheet.

  • While tensions between Britain and Argentina have been rising as a natural response to the 30th anniversary of the Falkland Islands War, oil is the primary driver of a renewed Falkland dispute that will determine the fate of tens of billions of dollars in black gold.

  • Finding Success on the Oil Frontier Wednesday, 4 Jul 2012 | 1:54 AM ET
    View of Iran's oil industry installations in Mahshahr, Khuzestan province, southern Iran.

    No commercially exploitable oil had been discovered in Kenya until Tullow Oil began drilling this year in the blazing savanna of the Rift Valley, about 250 miles northwest of Nairobi, the New York Times reports.