Crude oil settled up 8 percent, or $3.71, at $48.24, its best day since June 2012.» Read More
Mexico's state monopolies—and Carlos Slim—will have to get used to more competition, says its top central banker.
Crude oil futures tumbled by nearly $2, with U.S. crude pressured by expectations of surging domestic stocks and dour overseas data.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down on the day, as traders took some profits. Nat gas was also down and could drop to $4. And gold was down a dollar.
The U.S. could generate thousands of jobs and save consumers billions in energy costs by ending its oil export ban, an industry group says.
Firefighters evacuated hundreds of people in Plymouth, Washington after an explosion at a natural gas plant, NBC affiliate KNDU reported.
The link between oil prices and solar energy stocks has broken down, and that may be a good thing for renewable firms.
Gasoline prices have increased in part because of an ethanol price hike, but the national average will stay low this summer.
Discussing rising crude oil prices, and the impact of geopolitical risks in Russia on the global oil market, with Andy Lipow of Lipow Oil Associates.
Crude fell on Monday, pressured by developments in Ukraine and concerns about the economy voiced by Fed Chief Janet Yellen.
More oil than supposed may have leaked into Lake Michigan from BP's Indiana refinery, the company said after meeting with two U.S. Senators.
Spain could drill and frack its way out of sky-high unemployment and a struggling economy, according to a report this week by consultancy Deloitte.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
U.S. regulators said they closed an investigation into fires involving Tesla Motors' popular Model S sedans after finding no "defect trend."
The Ukraine crisis uncovered Europe's reliance on Russian energy. But as political leaders draw up a new plan for its energy future, will the targets be achieved?
U.K. regulator Ofgem has called for a full investigation into the country's energy market, to "clear the air" over competition.
President Obama called on Europe to diversify its energy sources. CNBC's John Harwood reports.
Crude rose, with Brent flirting with its first weekly gain since February as U.S. data and geopolitical tensions supported prices.
Ukraine is raising the price of gas for domestic consumers by more than 50 percent from May 1 and will implement further rises under a fixed timetable until 2018.
U.S. crude edged up to near $100 a barrel after weekly data reported the eighth straight weekly draw in Cushing oil stocks.
U.S. crude rallied to a three-week high as strong U.S. data and the end of refinery maintenance season signaled strong demand.
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