The specter of deficient monsoon rainfall is casting a cloud over India's growth and inflation outlook.» Read More
Crude oil futures fell more than a dollar as traders took profits ahead of fresh oil inventory data due Wednesday and following Monday's sharp price rise on worries about supply disruptions in the wake of Nigeria's disputed presidential election.
Crude oil prices firmed slightly on Wednesday as worries over Iran's nuclear ambitions countered easing fears of a gasoline supply crunch in the United States this summer driving season.
Hundreds of passengers remain stranded at airports and dozens of homeowners are grappling with flood damage on Monday, as a nor'easter batters the Northeast with strong wind and record rainfall for a second day, after already grounding hundreds of flights, blanketing areas in snow, downing power lines and flooding coastal areas.
Chris Jarvis, founder and president of Caprock Risk Management, told CNBC’s “Morning Call” that unusually cold weather in early April has hammered many businesses on energy costs. He said many businesses that hedge on their natural gas supplies got caught short this year and are forced to pay higher rates on the spot market.
Pack a good book, charge up your Ipod and get ready for delays and cancellations. As of 9 a.m. on Sunday, 300 flights at New York City's three major airports (La Guardia, Kennedy and Newark) had been cancelled with more likely to follow on Monday.
Oil prices eased slightly on Friday after the top U.S. energy official said he was confident there would be enough gasoline supply to meet peak summer driving demand.
Oil prices rose after four straight losing sessions as markets turned attention to Iran's nuclear activities and dwindling gasoline stocks in the United States, the top consumer.
U.S. crude oil futures ended lower on Wednesday on U.S. government data showing crude stocks rose by a larger-than-expected volume last week and as international tensions eased after Iran said it was releasing 15 captured British sailors and marines.
A new report predicts a 75% chance of a major hurricane hitting the U.S. coast this year. What's your hurricane trade as Mother Nature roars this summer?
The U.S. Navy on Tuesday said it had no information to substantiate a market rumor that Iran had fired at a U.S. naval vessel in the Gulf.
Oil finished at a three-month high after Iran seized 15 British navy personnel, raising concerns about renewed tension between the oil producer and the West.
Oil jumped more that $2 a barrel after a sharp drop in U.S. gasoline stocks fuelled concerns of tight supplies ahead of the summer driving season in the world's biggest consumer.
Oil futures swung through a wide range, under pressure ahead of the April contract's expiration on Tuesday.
Oil prices fell on Friday amid concerns about a slowdown in U.S. economic growth.
Oil prices rose above $58 a barrel Wednesday after a U.S. government report showed theseventh consecutive decline in gasoline stockpiles leading into the summer driving season.
The Pending Home Sales Index fell 4.1% in January from December and is 8.9 percent lower than January of 2006. This number comes after a 3% jump in sales in January, those of course based on contracts signed in December. And the Realtors say it’s all about the weather.
Congress wants to mandate compensation for airline passengers who suffer delays. JetBlue's CEO says it would be heavy-handed and not meet the needs of customers, while one airline industry analysts says Congress doesn't have a clue because the government-run air traffic control system routinely causes lengthy delays.
Much of the nation took a walloping from the weather in the past week. Some businesses did better than others, partly because of long-range forecasting. But even with the latest technology, it’s still a slippery slope.
“It’s later than we think” warns a new and grim report on global warming. 2,500 of the world’s leading climate scientists say global warming is so severe it will continue for centuries leading to a far different planet. As you can imagine, the findings presented by the International Panel on Climate Change have sparked a wide range of reactions. On CNBC’s “Squawk Box” Joe Kernen spoke with an esteemed scientist who believes there might be a dirty little secret behind them.
Today, a frigid cold snap has neighbors from Maine to Maryland shivering under a big chill and the price of crude oil is moving higher. With Jack Frost finally nipping at the Northeast, it makes sense to think its the cold weather pushing up the price, but that's only part of the story. There's more going on than meets the eye, and for the inside scoop CNBC...
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