Brent crude was little changed just below $98 a barrel on Tuesday, capped by a soft global economic outlook.» Read More
The cost of oil is being sent higher by “remarkably persistent” factors on both supply and demand, according to the International Energy Agency (IEA).
More households are using this as their main winter fuel to save cash. But there may be hidden costs.
Crude was mixed on Thursday, amid the possible re-opening of major Libyan ports and expectations the Fed may soon curb stimulus.
Vladimir Putin ordered Russia's military to increase its focus on the Arctic and finish plans to upgrade military bases there.
Bruce Wrobel, a prominent American investor in Africa who until recently ran Blackstone's Sithe unit, has died.
Despite high emission of greenhouse gas, China's use of coal is predicted to reach 4.8 billion metric tons per year by 2020.
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.
Oil companies are securing licences to export U.S. crude at the fastest rate since records began, the FT reports.
Though international action has weakened Somali pirates, a new crew of modern-day Blackbeards threatens Western Africa's growing oil reserves.
U.S. oil futures turned positive after an update on operations of a key pipeline spurred demand for crude contracts.
OPEC has trimmed its crude oil output toward next year's global requirement, the exporter group said on Tuesday.
Crude oil fell as a report showed a build in gasoline stocks and Libya said its ports could reopen by the weekend.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The spread between Brent and WTI is shrinking due to a changing global supply picture, she says.
U.S. crude rose on Tuesday, reacting to news of progress toward the opening of a major pipeline that will transport oil from the Midwest.
The average price for a gallon of gas in the U.S. rose over the past two weeks for the second time in a row, after months of falling prices.
Natural gas prices have hit a 6-month high after a winter storm swept across the country, reports CNBC's Sharon Epperson
Wal-Mart has agreed to settle unresolved lawsuits filed on behalf of consumers allegedly injured or killed in explosions involving plastic gas cans.
Delta bought an oil refinery in 2012 to help control jet fuel costs and made a profit on the Pennsylvania facility for the first time in the third quarter.
Oil fell as well-supplied markets and limited demand from European refiners pushed prices lower.
Thomas West, attorney for Norse Energy, discusses why the company will sue New York State if the environmental impact report on fracking is not released soon. He says he's sure fracking can be done safely.
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