Brent held steady above $109 a barrel on Wednesday as traders focused on the narrowing of its spread with U.S. futures.» Read More
The cost of oil is being sent higher by “remarkably persistent” factors on both supply and demand, according to the International Energy Agency (IEA).
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The spread between Brent and WTI is shrinking due to a changing global supply picture, she says.
Vladimir Putin ordered Russia's military to increase its focus on the Arctic and finish plans to upgrade military bases there.
U.S. crude rose on Tuesday, reacting to news of progress toward the opening of a major pipeline that will transport oil from the Midwest.
Though international action has weakened Somali pirates, a new crew of modern-day Blackbeards threatens Western Africa's growing oil reserves.
U.S. oil futures turned positive after an update on operations of a key pipeline spurred demand for crude contracts.
TORONTO-- Canada plans to make a claim to the North Pole in an effort to assert its sovereignty in the resource-rich Arctic, the country's foreign affairs minister said Monday.
There's good news coming for consumers next year. Gasoline prices will fall to a four-year low, dipping below $3 a gallon for the national average.
The average price for a gallon of gas in the U.S. rose over the past two weeks for the second time in a row, after months of falling prices.
Natural gas prices have hit a 6-month high after a winter storm swept across the country, reports CNBC's Sharon Epperson
Wal-Mart has agreed to settle unresolved lawsuits filed on behalf of consumers allegedly injured or killed in explosions involving plastic gas cans.
Delta bought an oil refinery in 2012 to help control jet fuel costs and made a profit on the Pennsylvania facility for the first time in the third quarter.
Oil fell as well-supplied markets and limited demand from European refiners pushed prices lower.
Thomas West, attorney for Norse Energy, discusses why the company will sue New York State if the environmental impact report on fracking is not released soon. He says he's sure fracking can be done safely.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Italian energy company Eni started closing the flow stations on a large Nigerian pipeline because of a fire.
The U.S. shale boom will create a virtuous cycle that may hold down energy costs and support the recovery, Goldman said on Friday.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
If naughty kids get a lump of coal in their stocking, do good kids get clean energy? Depends on who's playing Santa in your nation's capital, says Terry Tamminen.
Oil was supported by expectations of increased demand after the U.S. jobless rate fell to a five-year low in the world's top oil consumer.