Brent crude fell below $98 a barrel on Monday as sluggish demand and abundant supplies outweighed a possible cut in oil output from the OPEC.» Read More
President Obama called on Europe to diversify its energy sources. CNBC's John Harwood reports.
Crude rose, with Brent flirting with its first weekly gain since February as U.S. data and geopolitical tensions supported prices.
Ukraine is raising the price of gas for domestic consumers by more than 50 percent from May 1 and will implement further rises under a fixed timetable until 2018.
U.S. crude edged up to near $100 a barrel after weekly data reported the eighth straight weekly draw in Cushing oil stocks.
U.S. crude rallied to a three-week high as strong U.S. data and the end of refinery maintenance season signaled strong demand.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up on the day, while nat gas sold off today after the "Nor'easter" never materialized. Gold lost more ground today, and copper saw some selling pressure today.
Lifting the ban on U.S. oil exports is the fastest way the drilling boom can counter Russia, Continental Resources' CEO will tell Congress.
Obama tells the EU to take politically difficult steps to develop their own resources tor reduce reliance on Russia.
"Customers should be allowed to buy products that fit their need," the Florida Republican says.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Tom Werner, SunPower chairman, president and CEO, discusses margin expansion and growth in China.
Discussing market volatility and what sectors he likes right now, with Oliver Pursche, Gary Goldberg Financial Services president.
Forecasters are predicting the "strongest storm of the year" will form off the East Coast late Tuesday.
For most of us, algae is the scourge of ponds and pools. But for some, microalgae is green gold, a substance with a variety of energy uses.
Amid stagnant wages and a shaky recovery, the average new car price rose last year by $1,536.
After gallons of crude oil gushed from the Exxon Valdez and soiled Alaskan's grounds, oil spill responders fear that another disaster is looming.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down slightly on the day, while nat gas spiked as another "Nor'easter" bears down on the northeast. Meanwhile, gold hit a five-week low and copper was up slightly on the day.
To hit the Russian economy where it hurts, the U.S. needs to flood the market with its crude oil reserves, the commodities pro told CNBC on Monday.
Crude was mixed in choppy trading, with Brent rising on geopolitical and supply risks, while U.S. oil was pressured by a strong dollar.
The U.S. average price of gasoline rose by 5 cents during the past two weeks, caused by the jump in the price of ethanol used to make gasoline.
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