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  • Schork Oil Outlook: Report Almost Unanimously Bullish Thursday, 11 Aug 2011 | 10:39 AM ET

    Despite a stronger dollar and weak equities, front month WTI jumped 4.53%, the highest daily gain since May 9th and, with a settle of 82.89, a definitive settle above the 80.00 barrier.

  • Schork Oil Outlook: Still Bullish NatGas Long-Term Wednesday, 10 Aug 2011 | 11:37 AM ET

    The general market consensus is that recent weakness has not been due to an imbalance in supply, but rather weaker demand forecasts.

  • Schork Oil Outlook: Is Oil a Buy Right Now? Tuesday, 9 Aug 2011 | 11:26 AM ET

    Now let’s get this straight… in reaction to the downgrade of the creditworthiness of the U.S. by Standard & Poor’s, global equity markets tanked, gold surged to a record, oil sank and U.S. debt – the assets directly affected by S&P’s downgrade — rallied. Confused? The markets certainly are.

  • On Friday, the U.S. Bureau of Labor Statistics (BLS) showed a better than expected increase in employment. Nonfarm jobs rose by 117,000 in July and the unemployment rate fell by 10 bps to 9.1%. The BLS also upped the estimates for May and April by 112% (!) to 53,000 and by 156% (!!) to 46,000, respectively.

  • Schork Oil Outlook: Has Oil Market Bottomed Out? Friday, 5 Aug 2011 | 11:12 AM ET

    Which technical indicator did crude oil not break yesterday? We closed the Egypt/Libya contagion gap from February, the Relative Strength Index (RSI) has now crossed into over-sold territory of 18.33 and the Erlanger Trend Direction crossed from a red bar above the center line (a pull-back) to a red bar below the center line (a downtrend).

  • Allianz Not Worried About Italy  Friday, 5 Aug 2011 | 10:35 AM ET

    "We are not worried about Italy, we think this is a panic and unfounded fear," Oliver Baethe, chief financial officer at Allianz told CNBC. He added Allianz's exposure to the peripheral debt was now "fairly limited." "We have about 5 billion euros in exposure to the peripheral countries, the largest one of that left is Spain. On all the other ones its much smaller the net unrealised losses on all of the periphery portfolio is around 700 million," he said.

  • Commodities Tomorrow  Thursday, 4 Aug 2011 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • Schork Oil Outlook: Bullish Over the Very Long Term Tuesday, 2 Aug 2011 | 9:49 AM ET

    Domestic GDP growth for Q2 fell well below expectations. Is the recovery – already slow – grinding to a halt? Or was the drop in dollar terms due simply to a sharp sell-off in energy prices? While we would love to say the latter, the truth lies in parts of both.

  • CHK CEO Talks Future of Nat Gas  Monday, 1 Aug 2011 | 6:15 PM ET

    Chesapeake chairman & CEO Aubrey McClendon, discusses what role natural gas would play in potential US energy independence.

  • Schork Oil Outlook: Follow the Money Friday, 29 Jul 2011 | 10:29 AM ET

    Over the last month implied volatility in the oil market, as measured by the CBOE’s oil volatility index (OVX), had trended steadily lower. The reduction in the costs of uncertainty, as it were, is a function of the one-sidedness of the bullish trend over this period.

  • Schork Oil Outlook: $120 Oil—What Are the Chances? Tuesday, 26 Jul 2011 | 10:26 AM ET

    Another clear sign that attempts by oil-consuming nations to manufacture lower prices (without addressing long-standing structural constraints in physical cost drivers) has failed miserably.

  • An increase in summer driving, particularly in the northeastern U.S., provided "a nice pickup in demand" for gas prices, Gulf Oil CEO Joe Petrowski told CNBC Monday.

  • Commodities Tomorrow  Wednesday, 20 Jul 2011 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • WTI prices broke past the 99.00 level on the day, but was this due to the DOE report or Ben Bernanke?

  • Chesapeake Energy is spending $1 billion on a three-pronged plan to  "break the headlock" of OPEC oil dependency, CEO Aubrey McClendon told CNBC Tuesday.

  • Global Economy Balancing 100 Days of Oil Above $100  Tuesday, 12 Jul 2011 | 10:56 AM ET

    August Brent crude futures, while down nearly 1 percent from Monday’s close, remain solidly above $115 a barrel and mirror the relative strength of the OPEC basket price.

  • Chesapeake's Plans for Fueling the Future  Tuesday, 12 Jul 2011 | 6:46 AM ET

    Unveiling new investments in the natural gas infrastructure, with Aubrey McClendon, Chesapeake Energy chairman/CEO.

  • Shell, Mitsubishi Expected to Sign Iraq Gas Deal Monday, 11 Jul 2011 | 12:20 PM ET
    Natural Gas

    The Iraqi government is expected to sign a $12 billion gas deal with Royal Dutch Shell and Mitsubishi Corp on Tuesday, Dow Jones reported.

  • Schork Oil Outlook: Is This What the IEA Intended? Friday, 8 Jul 2011 | 1:42 PM ET

    Energy prices were mixed yesterday….The DOE released disappointing storage data for both crude oil and natural gas, but Henry Hub gas futures were the only market to sell off. WTI rose, but lagged behind the products.

  • Bahrain skyline

    Bahrain began its highly-anticipated National Dialogue this week in an effort to restore confidence both domestically and internationally that the Kingdom is committed to working through issues that sparked unrest within its borders in mid-February.