Brent crude edged lower towards $111 a barrel on Thursday, after OPEC agreed to renew a collective oil production cap and some members talked about raising output next year.» Read More
Oil traded mixed on Wednesday, but expectations of steady global consumption growth held Brent crude above $109 a barrel.
Oil futures gave up some gains Wednesday after the EIA reported crude oil supplies increased last week by more than many analysts had expected.
CNBC's Sharon Epperson reports the latest EIA Inventory numbers on oil and gas supplies.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Wednesday.
Suntech Power, a U.S.-listed company that is closing its Arizona plant, is poised to be taken over by the government of its hometown in China, reports The NYT.
Global oil demand is set to be depressed by weak economic growth throughout 2013 while soaring U.S. oil production gives consumers a cushion to withstand most supply outages, the IEA said.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Gasoline prices, which have been on a near-relentless surge since late 2012, may be showing tentative signs of easing, according to an AAA report.
World oil demand growth could fall short of forecasts in 2013, producer group OPEC said on Tuesday, citing economic risks in the euro zone and the United States.
There are serious concerns that Syria's violence will spread throughout the Middle East. No one seems to have an answer for how to bring the war to an end, but now it appears the Saudis are going to try.
Brent crude prices fell a third straight session in choppy trading on Tuesday, while U.S. oil posted a fourth consecutive gain, tightening the spread between the two contracts to the narrowest since January.
The price of West Texas Intermediate (WTI) crude oil is set to plummet to $75 per barrel as increased use of shale oil in the U.S. blots out demand for the energy source.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Tuesday.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow. Oil was down for the better part of the day, but still closed higher. Gold squeezes out a gain.
Somali pirates released a Greek-owned oil tanker and 26 crew members seized 10 months ago in the Arabian Sea.
"Blackstone is now the largest owner of individual houses in the United States," CEO Stephen Schwarzman said on CNBC Monday.
Oil fell below $110 on Monday after data from China revived worries over the economic recovery.
Americans may believe North Korea has threatened to attack without provocation, but the U.S. and its allies have been doing some offensive posturing, Jen Alic writes in Oilprice.com.
China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms recently awarded exploration rights lacked one core skill - not one has drilled a gas well before.
Argentina has already declared the vote illegal and vowed to disrupt the nascent oil industry in the region that it sees as a theft of its natural resources.