The U.S. refinery strike widened, with workers at the nation's largest refinery walking off the job, the United Steelworkers union said.» Read More
CALGARY, Alberta, Feb 4- A U.S. investigation into oil major BP Plc breaking anti-fraud and reporting rules on using oil pipelines is related to crude shipped on Enbridge Inc's Mainline system, Enbridge said on Wednesday. He said the Commodity Futures Trading Commission had not indicated Enbridge was under investigation. Enbridge's 2.2 million...
CALGARY, Alberta, Feb 4- A U.S. investigation into oil major BP Plc breaking anti-fraud and reporting rules on using oil pipelines is related to crude shipped on Enbridge Inc's Mainline system, Enbridge said on Wednesday. Graham White, a spokesman for Canada's largest pipeline company, confirmed the investigation is related to crude volumes nominated by...
As oil prices fall, it becomes harder for energy companies to maintain profitability.
Oil extended losses on Wednesday, reversing a four-session rally, after US crude inventories rose by 6.3 million barrels.
Take a look at some of Wednesday's midday movers:
Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.
Feb 3- U.S. regulators are considering naming BP PLC and its entities in an enforcement action alleging the British oil major violated anti-fraud and reporting rules while using Canadian oil pipelines, BP said in its quarterly results statement on Tuesday. Federal Energy Regulatory Commission and Commodity Futures Trading Commission had notified BP of the...
U.S. stocks rallied to close up more than 1 percent higher, boosted by a surge in oil prices and alleviation of concerns in the euro zone.
Oil futures rose on Tuesday, adding to gains of more than 11 percent in the prior two sessions as BP announced a cut in capital expenditure for 2015.
NEW YORK, Feb 3- Stock markets rallied around the world on Tuesday while the U.S. dollar fell after the new Greek government dropped calls for a write-down of its foreign debt, easing concerns about growing instability in the euro zone. Gold, viewed as a safe-haven investment, fell, and copper prices jumped the most in one day since July 2013. "The market is beginning to...
HOUSTON, Feb 3- It may be months before a final verdict is issued on the size of the fine BP Plc will pay under the Clean Water Act for its 2010 Gulf of Mexico oil spill, lawyers said on Tuesday after the last phase of the trial ended. U.S. District Court Judge Carl Barbier in New Orleans, Louisiana, is scheduled to receive post-trial briefs from government prosecutors...
Despite a 15 percent jump in oil prices since Thursday, U.S. crude is not heading back to $55 per barrel, Stewart Glickman told CNBC.
European equities were higher on Tuesday with a rally in the energy and basic resources sectors helping to push markets higher.
*Equities rise after Greece drops debt write-down call. NEW YORK, Feb 3- Stock markets around the world rallied on Tuesday while the U.S. dollar fell after the new Greek government dropped calls for a write-down of its foreign debt, easing concerns about growing instability in the euro zone. "The market is beginning to see signs of some stability coming into oil and...
The news on oil is still mostly bearish but analysts and strategists are again trying to call a bottom.
Hedge fund buying may be partly behind the recent rebound in battered oil prices, former Shell Oil President John Hofmeister tells CNBC.
U.S. stock index futures gained on Tuesday, following European and Asian bourses higher as oil prices rebounded.
Some of the names on the move ahead of the open.
The price of oil continued its rally, with producers announcing spending cuts that added to a slew of positive factors helping the commodity higher.