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  • Oil Retreats After IEA Says High Prices 'Unbearable' Friday, 14 Sep 2012 | 2:43 PM ET

    U.S. oil prices retreated over $1 after topping $100 a barrel early Friday when the International Energy Agency's chief economist said high prices are now "unbearable for consumers" and traders anticipated an announcement of a release of emergency oil reserves could be imminent.

  • Tropical Storm Isaac moves toward the Florida coast on August 27, 2012 in the Atlantic Ocean. According to reports, Isaac, still rated as a tropical storm, is expected to strengthen into at least a Category 1 hurricane before making landfall August 29.

    As Tropical Storm Isaac continues its path toward the U.S. Gulf Coast, gasoline futures have surged to a five-month high while oil fell slightly and natural gas prices sank.

  • Hurricane Isaac bears down on Florida.

    US oil prices fell more than $1 on Monday after rising sharply overnight as Tropical Storm Isaac threatened the U.S. Gulf Coast and a deadly explosion shut down Venezuela's largest refinery.

  • Ignore Oil Prices, Buy Exxon Regardless: Pros Monday, 20 Aug 2012 | 12:22 PM ET
    An oil drilling rig in the Junin 10 field in the Orinoco Oil Belt, in Anzoategui, Venezuela on January 24, 2012.

    Energy investors remain bullish on ExxonMobil, even though the outlook for oil prices remain uncertain, two analysts told CNBC.

  • US Seeks $3 Billion for Sudan Oil Deal Wednesday, 8 Aug 2012 | 2:25 AM ET
    JUBA, SUDAN - JANUARY 09: Southern Sudanese celebrate at the end of the first day of voting for the independence referendum January 9, 2011 in Juba, Sudan. Southern Sudan is participating in an independence referendum today following a historic 2005 peace treaty that brought an end to decades of civil war between the Arab north and predominantly Christian and animist south. The south is expected to vote around 99 percent to secede from the north which will also give it a majority of Sudan's oil

    The US wants China and Arab states to help foot the $3bn bill for a deal designed to unlock oil production and set Sudan and South Sudan back on the path to peace, the FT reports.

  • Fired Up!: Gas Prices Set to Rise for Rest of 2012? Tuesday, 7 Aug 2012 | 4:59 PM ET
    Fire at a Richmond refinery around the Bay Area owned by Chevron on August 6, 2012.

    Gasoline and oil futures surged Tuesday to the highest prices since May, as traders predicted the damage from a fire at California's third largest refinery could take months to repair.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Oil tanker

    Of  all the major oil-producing countries in the world, only four are showing a long-term decline in production capacity by 2020.  Factors like  the recent showdown with Iran over its nuclear program are more influential, according to a Harvard University report.

  • Keystone XL Looking Like Pipeline to Nowhere Thursday, 28 Jun 2012 | 11:44 AM ET
    Alberta Oil Sands

    Four and a half years of studies and five failed votes in the House of Representatives later, the massive Canadian-US pipeline is stuck at the Canadian border. And that won't change anytime soon.

  • OPEC Market Share To Hold Steady: Forecast Wednesday, 27 Jun 2012 | 3:42 PM ET
    off shore oil rig

    The DOE's Energy Information Administration expects the cartel's share to remain at the current 40 percent, while US domestic output rises.

  • Natural Gas Pops to 5-Month High Tuesday, 26 Jun 2012 | 5:41 PM ET

    July natural gas futures closed at $2.767 per million BTUs, the highest settlement price since January 11, 2012. Natural gas has been surging on forecasts for warmer-than-normal temperatures across the U.S.