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European anti-trust investigators searched the offices of price agency Platts and at least one major oil company for a third day on Thursday, hunting for evidence of possible price manipulation on oil markets, witnesses said.
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While BP's Gulf of Mexico oil spill has dimmed the prospects for new offshore oil drilling, next-generation biofuels may be able to compensate for that lost production, marking the start of a bigger move away from oil.
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Plus, get calls on agriculture, oil and more.
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Stocks logged their biggest gains in over a year Monday after the EU and IMF agreed to a $1 trillion emergency-bailout package to stem the sovereign-debt crisis.
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The SEC has issued a statement on its meeting with NYSE Chief Duncan Niederauer and Nasdaq chief Robert Greifeld: "As a first step, the parties agreed on a structural framework, to be refined over the next day, for strengthening circuit breakers and handling erroneous trades." But what kind of circuit breakers?
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ExxonMobil is the biggest company in America and has been profitable for the last five quarters. So should investors still be buying the oil giant? Andrew Lees, portfolio manager at Invesco Energy Fund and Shawn Reynolds, portfolio manager at Van Eck Global shared their insights.
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The Dow held onto a solid 400-point gain Monday afternoon after the EU and IMF agreed to a $1 trillion emergency-rescue package for Greece and other nations over the weekend. Industrials and financials, the hardest hit last week, led the pack.
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Top hats and junk shots are on the list of possible next steps as BP, casting about after a 100-ton containment box failed, settles in for a long fight to stop its uncontrolled oil gusher a mile under the Gulf of Mexico.
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Stocks on all three US exchanges soared Monday, following news that the EU and IMF had agreed on a trillion-dollar rescue package. What's next for the markets? Art Cashin, director of floor operations at UBS Financial Services, and Peter Costa, president of Empire Executions and a CNBC market analyst, offered their insights.
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ExxonMobil Chairman and CEO Rex Tillerson says President Obama made the right call in putting a moratorium on new Gulf of Mexico oil leasing in the wake of the BP disaster.
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Stocks sold off in volatile trading Friday as an encouraging jobs report fell to the back burner and the market remained jittery after Thursday's nauseating freefall.
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Stocks sold off in volatile trading Friday as an encouraging jobs report fell to the back burner and the market remained jittery after Thursday's nauseating freefall.
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The Dow swung wildly on Thursday, losing as much as 998.50 and boomeranging back hundreds of points to close down 347.80, or 3.2 percent, at 10,520.32.
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A 100-ton concrete-and-steel contraption designed to siphon off the oil fouling the Gulf of Mexico was being hauled to the spot in the sea where a blown-out well is spewing hundreds of thousands of gallons of petroleum a day.
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Fishermen along the Gulf Coast are unhappy about BP's plan to compensate them for lost wages.
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Fear trumped greed on Wednesday with both the S&P and Dow closing in negative territory. Should you buy the weakness or run for the hills?
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Moody's out again with the "may downgrade Portugal" line; Portugal down 1.7 percent, Spain down 2.4 percent, Greece down 4.9 percent. We have the British parliamentary elections on Thursday, as well as German regional elections over the weekend, which will be viewed as a referendum on Merkel's party and support for a Greek bailout. What's it all mean..?
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And they’ll protect you from a slew of other negatives the bears are throwing around, too.
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In the wake of the terrible oil spill in the Gulf of Mexico, Joe Terranova is hearing some big changes lie ahead in the oil services sector.
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Stocks were hammered Tuesday, logging their worst decline in months amid worries that the European debt crisis will spread and that Spain might be the next to need a bailout.
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When a pipe bursts, your first response is to cup the leak. In the simplest terms, that’s the idea behind a massive structure the company Wild Well is building in Port Fourchon, La., to contain some of the spewing oil from the ongoing BP disaster in the Gulf of Mexico.