Crude inventories rose by 7.3 million barrels in the last week, according to Energy Information Administration data, surprising analysts who had expected a decrease of 2.3 million barrels. "It's a very bearish report and plays into the mantra of supply glut and it will be interesting to see if the price can test the lows in the $53 area as the year comes to a close,"...» Read More
BP says a malfunction at its Whiting refinery in Indiana let crude oil into Lake Michigan, reports CNBC's Sue Herera.
Malcolm Graham-Wood, founding partner at Hydrocarbon Capital, says Shell's earnings were "disappointing" after the company announced that fourth quarter profit will be "significantly lower than recent levels".
Abhishek Deshpande, oil and gas analyst at Natixis, says it is unclear how much oil Iran will bring to the market when the sanctions are lifted.
Deutsche Bank's Paul Sankey explains why his firm ungraded Valero, Phillips 66 and other refiners to a buy.
Jim Cramer explains what to watch ahead of the open, including Valero Energy and WhiteWave Foods.
Oil refiners like Marathon and Valero are up over the past month. Pavel Molchanov of Raymond James, says there is more room to the upside for some of these stocks.
Gregory Zuckerman, The Wall Street Journal senior writer, says to focus on the mid-size and smaller players in the oil space for the most profit.
Vandana Hari, Asia Editorial Director at Platts talks about the changing face of global energy landscape and highlights the upcoming key players.
Paul Sankey, Deutsche Bank, says there will be an oversupply of WTI crude by the middle of 2014. Going forward Sankey likes refining stocks.
Options traders spotted high call volume in 3 refiners today: Phillips 66, Tesoro and Valero. Analyzing the action, with CNBC contributor Mike Khouw of Dash Financial Group.
Meryl Witmer, Eagle Capital Partners, reveals what she's learned from Wall Street legends. They all seem to have one thing in common, she says, they're "confident but humble" and are willing to change their minds.
Pavel Molchanov, Raymond James energy analyst, provides his views on where energy prices are likely headed with issues in Syria escalating.
The U.S. is now the largest exporter of petroleum products. CNBC's Jackie DeAngelis reports on the growing demand for refined energy.
CNBC's Jackie DeAngelis takes a look at American companies looking to cash in on increased demand for refined products.
Jason Gammel, head of European oil and gas research at Macquarie Securities, says Exxon results will be below expectations as the company's oil production fails to grow.
CNBC's Bertha Coombs is joined by Tom Reilly, SCS Commodities to discuss WTI's resurgence which is driving oil prices higher.
Oil prices should be about half of today's $105 a barrel by the end of the year, but that doesn't translate to $2 a gallon gas prices, Gulf Oil CEO Joe Petrowski tells CNBC.
Valero says surging crude is hitting the company's margins, and the FMHR traders debate how to trade refiners. Betsy Graseck, Morgan Stanley, provides insight on impressive bank earnings. "Rising home prices will be a tail wind to large cap banks" says Graseck.
Andy Lipow, president of Lipow Oil Associates, talks about the huge drop in inventories. "World oil demand is growing," he said, and he expects sticker shock for consumers.