Brent crude dropped towards $98, pressured by a stronger dollar on fears about a looming U.S. interest rate hike and a steep spike in crude stocks.» Read More
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Oil fell along with stocks today over concerns that new supply from Libya would be coming back on the market. Nat gas gained on the day as investors looked at available inventories.
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Russia raised the gas price for Ukraine for the second time this week, piling pressure on its near-bankruptcy neighbor.
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U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.
Gareth Lewis-Davies, senior oil strategist at BNP Paribas, says that some geopolitical risk has come out of the oil price and discusses the new Iran and P5+1 talks.
Dan Arvizu, Director & Chief Executive of the U.S. National Renewable Energy Laboratory, discusses the need for diversified energy sources, such as solar panels.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Looking to jobs. Oil was up on the day, and gold closed down.
A rally pulled U.S. crude to a higher close, as doubts crept in over a lasting deal was imminent to reopen Libyan oil ports.
A top U.S. senator said a government office has the power to approve limited petroleum exports, and partly bypass a 40-year crude export ban.
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Oil prices may stage a modest recovery, lifted by data pointing to a pickup in economic activity in the U.S., according to a CNBC survey.
The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.
With Russian tensions easing and the coldest winter in decades abating, oil prices should be rather subdued for a while, analyst Matt Smith says.
Dubai has defended its title as the world's best performing stock market in the first quarter of this year, gaining another 34 percent after more than doubling in 2013.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down again today, nat gas saw a bit of a pop on a technically-driven trade, while gold was up nearly $11.
Crude fell with Brent tumbling by more than $1 but U.S. crude seeing modest declines as Libyan supply outweighed a drop in stockpiles.
Russian natural gas producer Gazprom announced a more than 40 percent increase in the price of gas for Ukraine on Tuesday.
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