Brent crude held above $108 a barrel on Friday as traders eyed ports in eastern Libya while looking ahead to next week's Fed meet.» Read More
Strength in the U.S. dollar and taper concerns have sent oil prices slightly lower, reports CNBC's Jackie DeAngelis.
Mexico's lower house of Congress approved historic legislation that would open the state-run oil industry to private investment.
Crude was mixed on Thursday, amid the possible re-opening of major Libyan ports and expectations the Fed may soon curb stimulus.
Dec 12- Exxon Mobil Corp wants the United States to remove restrictions on exporting oil, the Wall Street Journal reported, citing the company's annual long-term energy demand outlook.
KOLKATA, India, Dec 12- India is waiting for Iran to tell it how to make payments for oil allowed under last month's deal with global powers on sanctions and will pay in instalments, Reserve Bank of India Deputy Governor H.R. Khan said on Thursday.
The cost of oil is being sent higher by “remarkably persistent” factors on both supply and demand, according to the International Energy Agency (IEA).
More households are using this as their main winter fuel to save cash. But there may be hidden costs.
Vladimir Putin ordered Russia's military to increase its focus on the Arctic and finish plans to upgrade military bases there.
Bruce Wrobel, a prominent American investor in Africa who until recently ran Blackstone's Sithe unit, has died.
Despite high emission of greenhouse gas, China's use of coal is predicted to reach 4.8 billion metric tons per year by 2020.
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.
Oil companies are securing licences to export U.S. crude at the fastest rate since records began, the FT reports.
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.
OPEC has trimmed its crude oil output toward next year's global requirement, the exporter group said on Tuesday.
Crude oil fell as a report showed a build in gasoline stocks and Libya said its ports could reopen by the weekend.
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.
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.
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.