U.S. crude held steady around $102 on Friday, but was on track for a weekly fall with weak demand and plentiful supplies weighing on the market.» Read More
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Crude was mixed, but Brent was set for its biggest monthly gain since August, as unrest in Libya kept supply disruptions in focus.
A towboat sank Monday in the Mississippi River near the Quad Cities-area community of LeClaire, releasing oil into the water.
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The Senate is working on new sanctions in case Iran cheats on its pledge to roll back its nuclear program.
Even though Sunday's nuclear deal will free up billions in frozen assets, it will not do much to bolster Iran's economy.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. There's was a mixed trade for oil today, but a bullish day for nat gas, as the drawdown was bigger than expected. Oil hit a 5-month low after a bigger-than-expected build.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Traders are looking ahead to inventory numbers after the deal with Iran. They expect a build of about 800,000 barrels, she says.
Brent futures held above $111 a barrel on Thursday on worries that supply from OPEC member Libya will continue to be disrupted as winter oil demand increases, but a bigger-than-expected rise in US crude stocks kept the gains in check.
The price of oil dipped ahead of a U.S. supply report that is expected to show an improvement in demand.
Steve Wang, Research Director and Chief China Economist at Reorient Financial Markets tells CNBC's Cash Flow how to trade the new carbon markets in Shanghai and Beijing.
U.S. crude fell by nearly $2 on Wednesday as a higher-than-expected build in inventories weighed down prices,
The Iran deal is "very much a first step" in solving the nuclear standoff between the Middle Eastern country and western powers, says Richard Mallinson of Energy Aspects.
The accord between Iran and the West will do little, if anything at all, to push down retail gasoline prices.
Benchmark Brent crude prices may target $105 a barrel this week after Iran and major western powers struck an initial agreement on Sunday.
A breakthrough nuclear deal signed between Iran and six other world powers has the potential to remove the "Middle East premium" from oil prices.
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