With the world's largest economy suddenly awash in oil and gas, might the U.S. dollar join the ranks of the dollars of Canada and Australia as a "commodity currency"?
With the world's largest economy suddenly awash in oil and gas, might the U.S. dollar join the ranks of the dollars of Canada and Australia as a "commodity currency"?
Britain came within six hours of running out of natural gas in March, highlighting the risk of supply shortages amid declining domestic production, the FT reports.
Oil prices rose after a report of a gasoline unit shutdown at a refinery, and as traders bought contracts to cover short positions ahead of a long U.S. holiday weekend.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The hurricane forecast is for 7 to 11 hurricanes this season, which could be bullish for the energy markets. Nat gas was up on the day because storage levels rose less than expected.
Oil prices pared losses after falling to a three-week low on Thursday in a broader commodities sell-off, supported as selling in U.S. equities tapered off.
Crude dropped on Wednesday, after data showing a surprise jump in U.S. gasoline stockpiles sparked worries that summer demand could be weaker than expected.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders remain focused firmly on tomorrow's testimony from Fed Chairman Ben Bernanke. And expectations for this week's oil inventories.
CNBC's Sharon Epperson takes a look factors that contributed to the major reversal in precious metals on Monday and what sent oil prices to a 7-week high. She also discusses events in the the coming days that could impact the price action in energy and metals.
Natural gas is the top performing commodity after President Obama approved a $10 billion natural gas export facility last week. Andrew Lipow, Lipow Oil Associates, shares his outlook for the commodity.
The energy boom in the U.S. is providing a shock absorber of sorts for major oil companies, helping to hedge a strong dollar amid an the increase in domestic production.