Baker Hughes reported on Friday U.S. drillers took fewer rigs out of oilfields after the biggest drop in a month the previous week.» Read More
Oil rose on Wednesday, with U.S. crude outpacing Brent, after oil stockpiles in the United States fell more than expected.
U.S. consumer prices rose in June as the cost of gasoline surged, pointing to a gradual build up of inflationary pressures.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss easing tensions in Ukraine, the move in oil, and the rally higher in the S&P 500.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another volatile day for commodities, as oil was down on the day. Nat gas got hammered again today, down another 2 percent. And gold was down, as well.
Even as U.S. shale companies pursue mergers, analysts don't expect them to become echoes of Big Oil deals that eventually fell flat.
Russia has called for the investigation into the downing of MH17 to be led by the "international community" and not Ukraine.
John Westwood, chairman of Douglas Westwood, says that a big drop in the oil price would be a "killer" for Russia as it relies heavily on revenues from oil and gas exports.
President Obama called for Russia to make good on its claims of wanting an open investigation into the crash of the MH17.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Volatile day for commodities as oil was down on the day. Traders continue to watch the Middle East
Crude dipped in choppy trading as traders searched for direction amidst political tensions in Ukraine and Gaza.
NBC's Jim Maceda reports anger is rising over the handling of the remains of Malaysia Airlines Flight MH17, and Russian President Putin appears unwilling to cut his ties with Ukrainian separatist.
Sen. Ron Johnson, (R-Wis.), explains why the U.S. needs to get tougher with Russian President Putin.
Oil rallied as investors closely watched an intensifying crisis with Moscow over the downing of a civilian jet in Ukraine.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up on the day, while nat gas was down.
Kathy Lien, BK Asset Management, explains why the only markets to be impacted by the current geopolitical tensions are the local markets. And Matt Smith, Schneider Electric energy analyst, discusses how global tensions are impacting crude oil prices.
It's not clear that the German Chancellor is in a position to actually hit Russia where it would hurt: Its pocketbook.
The United States wants to turn up the heat on Russia, but doesn't want to risk Europe's oil supply, reports CNBC's Jackie DeAngelis.
Crude turned lower as investors took some profits from the previous day's gains even as tensions between Russia and the West remained high.
The "Fast Money" traders discuss the potential impact to oil as concerns continue to escalate between Ukraine and Russia.
Morgan Stanley CFO does not believe new sanctions on Rosneft will affect a pending deal between the two companies.