Oil held steady around $107 a barrel on Friday, as plentiful supply countered any premium to the price caused by concern over conflict.» Read More
OPEC agreed on Wednesday to renew for the first half of 2014 a collective oil production cap of 30 million barrels a day, two OPEC delegates said.
Saudi Arabia's oil minister downplays the threat of oversupply despite Iran looking to ramp up its production even if oil hits $20 a barrel.
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.
The U.S. trade deficit narrowed in October as exports hit a record high, pointing to a pick-up in global demand.
David Dietze, President & Chief Investment Strategist at Point View Wealth Management, says investors need to be selective going forward to make money.
Gerard Reid, partner at Alexa Capital, says that the U.K. imports an increasing amount of gas which is pushing up energy prices.
U.S. crude gained for a fifth straight session, as positive economic data hinted at a resurgence of demand for oil.
OPEC oil ministers are widely expected to hold oil output to nearly 30 million barrels daily after Iran announced it will increase its oil output, reports CNBC's Steve Sedgwick.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Gold jumped $25 today, mostly on "position squaring," she reports. All eyes are now on tomorrow's jobs number and what that means to the taper.
CNBC's Sharon Epperson reports oil closed above $96 per barrel, the highest price since the end of October. And TransCanda's key pipeline will be operational by January 3rd.
U.S. crude oil futures rose more than $1 on Wednesday as government data showed an unexpected draw in stockpiles.
WTI crude oil futures surged to a one-month high on expectations for the first decline in weekly U.S. crude supplies in nearly three months.
BP won a legal reprieve to avoid payments over losses not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing it extra costs.
A power blackout briefly darkened all of Venezuela's capital Monday night, and the government says other parts of the country also lost electricity.
U.S. oil futures rose to a four-week high on Tuesday, on expectations of the start up of a pipeline from Cushing.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Oil was up today, mostly due to manufacturing data and numbers out of China. OPEC nations meet in Vienna on Wednesday.
CNBC's Michelle Caruso-Cabrera takes a look at why deep-water drilling may provide Mexico with the greatest energy opportunities.
CNBC's Michelle Caruso-Cabrera reports on how Mexico's energy reforms are likely to affect American investors.
Crude jumped by more than $1 a barrel on Monday in reaction to strong manufacturing data from both China and the United States.
To reach as much as 50 billion barrels of deep-water gulf oil, Mexico is considering a constitutional change to allow foreign investment.
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