Crude oil settled up 8 percent, or $3.71, at $48.24, its best day since June 2012.» Read More
U.S. oil ended at a new 6 month low despite data showing a further decline in oil stockpiles and a steep drop in gasoline inventories.
Pipeline companies are viewed by Wall Street as engines of growth, especially as the oil boom in the U.S. continues.
The U.S. trade deficit narrowed more than expected as petroleum imports dropped to a 3-1/2 year low, suggesting trade is less of a drag on growth.
Russia and Iran have yet to agree on details of an oil-for-food deal, highlighting global pressures on both countries.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. In spite of all the geopolitical events in the Middle East, oil and gas were down on the day. Nat gas was up on the day.
Ongoing tensions between Russia and Ukraine have shifted opportunities for investors, Franklin Templeton's Katrina Dudley says.
Crude slipped as ample supply in the Atlantic basin outweighed worries that turmoil in the Middle East and Africa could disrupt production.
Chinese shipyards are aiming to take some $10 billion in orders for new LNG tankers, part of a plan to restructure its ailing shipbuilding sector.
Russia's Energy Ministry said it was withdrawing Minister Alexander Novak's statement on cooperation with Iran on crude oil shipments.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Oil prices climbed after last week's steep drop, as investors shifted from supply worries to violence in North Africa in the Middle East.
The Kurdistan Regional Government of Iraq asked a U.S. court to throw out an order to seize some 1 million barrels of disputed crude oil.
Commodities just suffered the worst month in more than two years. But here's why a bounce-back could be ahead.
Home to both vast repositories of conventional and shale oil, Texas is becoming a major player in wind power.
CNBC's Morgan Brennan reports the slipping dollar is one reason oil is down.
Opposition to fracking in the U.K. is fierce, but politicians and businesses are trying to push forward with plans for shale gas. CNBC looks at how it could benefit the British economy.
Chevron reported second-quarter earnings on Thursday that beat Wall Street's expectations.
CNBC's Jim Cramer explains why he is watching the price of oil and oil stocks.
The average price of gas posted the largest July decline in six years, according to the latest survey by AAA. Here's why.
Brent crude held near $106 as ample supply continued to drag on prices after the benchmark posted its worst monthly performance since April 2013.
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