The plunge in oil and the strong dollar are the lead factors in determining stocks to buy or short as the fourth quarter earnings reports come out.» Read More
Crude oil settled at $80.09 in New York trading, the first time it ever closed above $80 (in nominal dollars).
Energy stocks are still a solid investment for the long haul, say market strategists, though rampant speculation and big price swings could make it a bumpy ride for investors.
The stock market appeared to return to normal this past week, but many analysts believe continued credit worries will drive prices lower in the near term. Still, long-term investors should be on the lookout for bargains.
The record earnings bonanza U.S. refiners enjoyed in the first half of 2007 may be winding down as weaker margins hit profits this quarter and next.
Before the recent downturn in the U.S. stock market, portfolio strategists and market prognosticators said the resiliency of the markets was a key sign of positive times ahead.
Energy companies in the Gulf of Mexico stepped up evacuations of workers Friday ahead of the first Atlantic hurricane of 2007, even as most revised forecasts showed the storm missing oil and gas installations.
Shell Oil was pulling nonessential workers from the western U.S. Gulf of Mexico on Tuesday as the company prepared to shut in 5 million cubic feet of natural gas production off the south Texas coast, the company said.
Market pros will be looking closely at the tech sector in the upcoming earnings season, but for investors seeking a quick pop, they need look no further than the energy sector as oil prices remain at record levels.
John Kilduff, senior vice president and energy analyst at Man Financial, appeared on CNBC's special "Power Lunch at the Four Seasons" to give his outlook for oil and gasoline -- and to explain why easing tensions in Nigeria haven't made him bearish on either.
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Oil prices slumped as much as 4% after the threat of further disruptions to Nigerian supplies receded and gasoline futures sold off as U.S. refineries returned to production.
Oil prices fell in light trade Monday, eased by the end of a Nigerian oil workers' strike over the weekend.
Prices for crude oil and gasoline rose on supply concerns ahead of the Memorial Day weekend, the kickoff to the summer driving season. Strikes and violence in Nigeria also propped up the oil market.
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.
Gasoline prices are soaring -- but one "Morning Call" guest says the best revenge is investing well. Rob Cox, U.S. editor of Breaking Views, joined CNBC's Mark Haines to talk about "the middle squeeze" at the pump -- and how to play it.
Ian from Colorado says he was burned by the last bear market and had to wait seven years to get back to even. He asks if he should buy now?
The guys go behind the headlines and give you their take on... AIG's technical double top... speculation that OXPS is a takeover target ... and more. Find out where they see fast money.
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.
The guys go behind the headlines and give you their take on... climbing prices at the pump... "beans in the teens"... and more. Find out where they see fast money.
U.S. oil rose more than 1% Tuesday as unrest in Nigeria cut off more supplies from the world's eighth largest crude exporter.