SINGAPORE, July 24- U.S. crude was little changed near $103 a barrel in early Asian trading on Thursday, holding on to previous day gains due to a higher-than-expected decline in crude inventories. Geopolitical tensions in Eastern Europe and the Middle East helped underpin oil prices, but had yet to cause disruptions to well-supplied global crude markets.» Read More
As the price of crude oil has surged in the last year, several big oil stocks have followed suit. The next quarter will likely deliver good news again for these stocks, said one analyst—but another suggested examining how companies react to oil's rise before investing in them.
CNBC's Phil Lebeau has more on the move in transportation stocks due to the fall in oil and Brent.
The “old” politics of Opec, which split the cartel and marred its influence in the oil market of the 1990s, have made an unexpected return after a decade-long absence. The FT reports.
Saudi Arabia has been quietly increasing its crude oil production ahead of Wednesday’s meeting of the Opec oil cartel, in a sign that Riyadh is trying to bring oil prices down to more comfortable levels for consumers in the US, Europe and China. The FT reports.
The price at the gas pump will fall from the current $3.80 per gallon national average to $3.50 or lower by July 4, Gulf Oil Chief Executive Joe Petrowski told CNBC Thursday.
CNBC's Brian Sullivan reports on the flooding in Louisiana and its impact on oil refineries, barges and the regional economy.
Discussing the flood's risk to refineries, pipelines and energy prices, with Jamie Webster, PFC Energy.
The latest details on the flooding surrounding the Mississippi river and its economic impact in the area,with CNBC'S Brian Sullivan.
Insight on what flooding means for oil and refiners, with Pavel Molchanov, Raymond James, and Jeff Grossman, BRG Brokerage.
Key Spillway opened to channel water away from Mississippi River, with CNBC's Brian Sullivan.
A look at the ripple effect the Midwest floods are having on the economy, with CNBC's Brian Sullivan.
The commodities market witnessed a volatile five days last week with silver a major loser. Some analysts were predicting the losses for silver would lead losses in other commodities like oil, which saw the WTI contract drop below $100 a barrel.
CNBC's Jane Wells with a look at the unusually low gasoline inventories and what it means for prices at the pump during the summer driving season.
CNBC's Jane Wells looking at gasoline inventories and what drivers can expect, as summer driving season approaches, and Phil Weiss, Argus Research with a look at winners and losers among refiners.
Oil prices are heading back towards the $80 - $100 a barrel sweet spot which will boost oil stocks and take pressure off the global economy, according to Jens Zimmermann, a senior equity analyst at ABN AMRO Private Banking in Zurich.
Middle East governments moving away from dictatorship must deliver quick wins through job creation to meet immediate hopes of street protesters but longer-term reforms need to ensure a more inclusive society, the head of the World Bank said on Wednesday.
Libyan rebels are set for their first oil export as soon as Tuesday as they seek funding to sustain their uprising against Muammer Gaddafi's 41-year rule of the north African nation, the Financial Times reports.
Before President Obama leaves for Rio, he'll be reading a letter signed by 20 Governors calling on the President for more energy options.
As governments around the world rethink nuclear power, with fears rife about leaking radiation at Japan’s earthquake-damaged plants, Steen Jacobsen, chief investment officer at Saxo Bank, recommends investors focus on Russia to benefit from its energy potential.
While oil – and just about everything else but Treasuries -- sold off today in the wake of the Japanese nuclear crisis, oil prices may be poised to surge as demand for 'alternative' energy sources to replace lost nuclear power in Japan ramp up.