Crude oil settled up 8 percent, or $3.71, at $48.24, its best day since June 2012.» Read More
The sight is so surprising that Americans are sharing photos of it: The gas station sign, with a price under $3 a gallon.
Declining oil prices are pushing some of the small-cap companies which flourished as part of the U.S. shale energy boom close to their breaking point.
Ukraine, Russia and the European Union signed a deal on Thursday on the resumption of Russian natural gas supplies to Ukraine for winter.
As fuel prices continue to fall, heading into the holidays, businesses are wondering if energy cost savings will translate into more consumer spending.
Australia is set to become the largest liquefied natural gas (LNG) exporter by 2018, according to HSBC, as more production comes online.
Apart from expecting a rebound in oil prices, energy shares are now trading at cheap valuations, says Nicholas Ferres, Investment Director for Global Asset Allocation at Eastspring Investments.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar took its toll on commodities today. Oil was down a buck, and gold got pummeled today.
Amos Hochstein, Acting Special Envoy at the U-S State Department's Bureau of Energy Resources, outlines key discussion topics at the Singapore International Energy Week.
Brent crude oil slipped below $87 a barrel on Thursday as expectations that U.S. interest rates may rise sooner than previously thought pushed the dollar higher.
Europe could be plunged into an energy crisis this winter if last-ditch talks on Wednesday fail to see Russia resume gas flows to Ukraine.
Carl Larry, Oil Outlooks and Opinions, shares his outlook on oil as crude prices hover around $80 and the U.S. become increasingly oil independent.
Libya is nearing a “point of no return”, as warring factions struggle to agree on a political future, a United Nations envoy has warned.
Brent crude dipped below $87 a barrel on Wednesday after the Federal Reserve announced the end of its bond-buying program.
Total warned that sliding oil prices had hit its third-quarter results and could weigh for the rest of 2014.
Norwegian energy firm reports an unexpected third-quarter net loss, weighed down by impairment charges on projects from Canada to Angola.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks were up, and so was crude oil. Traders still expect prices to go lower in the next few days.
Oil companies are shying away from commenting on outlook as crude oil falls to multi-year lows; however, analysts are slashing estimates.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Gold was lower before the Fed meeting. A hawkish tone by the Fed didn't help. Oil was up slightly on the day on some technical buying and short covering. OPEC says don't panic.
Gas prices could fall below $3 a gallon nationwide by the weekend, and the already big savings for consumers should put some jingle in holiday shopping.
West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could go lower.
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