Brent crude oil fell to an eight-month low below $104 a barrel on Friday as data showed a much sharper slowdown in hiring by U.S. employers than analysts had expected.
Brent's premium to U.S. crude fell to its lowest in over eight months on Tuesday, as increased supply of U.S. shale has decreased the need for imports from Africa and the North Sea.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The Cypress bailout drove today's activity, as oil traded at its highest level in a month.
One spillover effect of the US energy boom has been putting relatively obscure places on the map. One of those is Bakken, an oil hub in the west that some believe could challenge the Gulf Coast's prodigious crude output.
Although BrightSource Energy is planning to open its $2.2 billion electricity plant with partners NRG Energy and Google, CEO John Woolard is still scrambling for money to expand the company. USA Today reports.
Brent crude rose above $108 after Cyprus secured a last-minute bailout deal, averting a deeper euro zone crisis and boosting the outlook for oil demand in the troubled region.
Discussing the fierce debate that ethanol requirements are driving up gas prices, with Gen. Wesley Clark, Former NATO Supreme Allied Commander and Dan Dicker, TheStreet.com
Cyprus has found itself right in the middle of a geopolitical game in which its gas potential is a tool in a showdown between Russia and the European Union.
Suntech Power was forced into bankruptcy after defaulting on a multi-million dollar bonds payment. Gordon Johnson, Axiom Capital Management, offers insight on the impact to U.S. solar makers.
Brent crude edged higher on Friday while U.S. crude futures jumped more than $1 per barrel, sending the spread between the two contracts to the narrowest level since July.
Russian state oil company Rosneft closed its deal to buy TNK-BP from UK-based BP and four tycoons on Thursday, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil.