Oil prices pared early gains as OPEC's Secretary-General said he expected the market to bottom out around current levels.» Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude oil closed above $100, up on the day, even though the build was more than expected. Gold closed about the $1280 mark.
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Crude lost its early momentum, with U.S. oil ending modestly lower and Brent posting slim gains ahead of inventory data.
The average price of regular gasoline in the U.S. has fallen 2 cents a gallon during the past two weeks.
The Department of Energy on Tuesday granted conditional approval to a Cameron Parish, Louisiana, terminal to export liquefied natural gas.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude hovers around $100/barrel. Nat gas prices were supported as another winter storm is headed up the coast.
The brutally cold winter has lit a fire under natural gas prices, testing assumptions that shale can provide inexpensive energy for decades to come.
Conflicts over the ownership of mining and energy resources could be a growing concern for investors in the natural resources sector.
Gridlock in Washington on fracking, the minimum wage, and immigration force states to make their own rules. Fiscal Times reports.
Water isn't the only resource running short in California. The drought-stricken state is also low on natural gas.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up slightly, over $100. Nat gas was down around 4 percent today, as cold temperatures are baked into the current price.
RBC analysts said U.S. production will be absorbed by the rest of the world "with only modest price impact" over the next year.
Crude traded mixed, with U.S. crude ending modestly higher and Brent losing nearly $1 ahead of a batch of U.S. and Chinese data.
More than 150,000 people in Montgomery County, Pennsylvania, are spending the night in the cold and the dark after Wednesday's ice storm.
One official likened the damage to what you'd expect to see from a hurricane.
Crude rose by more than $1 on tighter supplies and rising heating oil and gasoline prices amid continued cold weather in the U.S.
Almost three years on from Fukushima, concerns about the expansion of nuclear power plants especially in developing economies run high.
Unrelenting harsh weather is likely to show up as a drag on economic growth in the first quarter, even if there's a spring rebound.
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