Gasoline prices climbed and crude prices fell after another round of outages at U.S. refineries stoked supply concerns ahead of Memorial Day weekend, the unofficial start of the summer driving season.
U.S. oil prices finished just below $66 Wednesday as U.S. warships put on a show of force off Iran's coast, coinciding with a United Nations agency report that said the Islamic republic had expanded its nuclear program.
BP shut down a quarter of its 400,000 barrels-per-day Prudhoe Bay oil field in Alaska after finding a leaky water pipe Monday, a company spokesman said.
U.S. oil fell below $65 as easing concerns that of a potential U.S. gasoline shortfall ahead of peak driving season in the world's top consumer.
U.S. oil surged more than a dollar to its highest settle in three weeks as unrest in Nigeria kept markets on edge for further supply disruptions from Africa's top exporter.
U.S. crude oil futures were slightly higher in choppy trading on Friday, attempting to extend Thursday's RBOB gasoline-led rise as refinery snags and sluggish inventory gains keep supply concerns in focus.
It's certainly coming down to the wire in Trading With The Stars. As we said, this is the last week for this part of the Million Dollar Portfolio Challenge. And Jonathan Tucker stays on top with a total portfolio value of $1,204,305.00 which is up $5,905.00 from Friday's total. Stephen Collins continues in the #2 spot with a total portfolio value of $1,166,355.20. That's up $6,348.18 from Friday's total and Stephen continues to close the gap with Jonathan Tucker.
Searching for nuggets of wisdom from the Oracle of Omaha.
The actors have been doing pretty well lately in Trading With The Stars, but the non-acting celebs are making a move--including Johnny Bench (so, his picture gets posted). Jonathan Tucker still holds first place on modest gains in Washington Grp and Starwood Hotels. Stephen Collins takes back 2nd place on gains in Emergency Medical Services up 10.13% Thursday. But poker champ Chris Moneymaker moves from 8th to 5th on a 2.73% gain in Gigamedia..
The first four celebs remain the same in Trading With The Stars--and all actors. Actor Jonathan Tucker maintains his vice grip on first place with gains in Starwood Hotels and Washington Grp. Actor James Cromwell holds onto second place, as fellow actors Stephen Collins remains in 3rd and Ernie Hudson in 4th. Meanwhile--another actor--Willie Garson muscles his way from 9th to 5th on an all-in trade on ACME Packet up 4.05% on Wednesday. Wow--either actors are great stock pickers are they're ALL getting great advice. That leaves a financial guru, comedienne, champion poker player, political guru and Hall of Famer--in that order.
CNBC’s Trish Regan reports that major oil companies have transferred operational control of one of the world’s richest oil fields to Venezuelan President Hugo Chavez.
Crude oil futures ended lower, sliding late in a choppy session that saw May RBOB gasoline futures up sharply ahead of its contract expiration, reaching an 11-month high at one point, amid refinery snags and supply concerns.
Robert Morris, oil and gas analyst at Banc of America Securities, told CNBC’s “Morning Call” that major oil companies such as Exxon-Mobil, Chevron and ConocoPhillips are still good investments.
ConocoPhillips, the nation's third-largest oil and gas producer, said Wedneday first-quarter profit rose 7.7%, as one-time gains from asset sales offset the negative impact of lower crude oil prices.
U.S. crude oil futures ended sharply higher, pushed up at the expiration of the front-month May contract and ahead of Nigeria's presidential election Saturday that has oil markets worried about post-election turmoil disrupting supply.
Timothy Ramey, senior research analyst at D.A. Davidson & Co., told CNBC’s “Squawk on the Street” that the Tyson Foods-ConocoPhillips deal to produce biodiesel from animal fat will plump Tyson’s bottom line.
Wal-Mart, the world's largest retailer, has reclaimed its position as the largest corporation in the U.S. among the Fortune 500, pushing Exxon Mobil down to number two. With more than $351 billion dollars in revenue, the magazine ranks Wal-Mart slightly ahead of the energy giant. Wal-Mart is on top for the fifth time in six years.
U.S. crude oil finished just short of $64 as gasoline futures surged to new eight-month highs on troubles at two refineries. The production disruptions raised fears of a gasoline supply crunch when drivers hit the roads this summer.
If you pull up a chair, grab the phone and call Cramer with your top five holdings, he'll let you know if your portfolio is cooking with fire or if it could just get you burned. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.