Oil was supported by expectations of increased demand after the U.S. jobless rate fell to a five-year low in the world's top oil consumer.» Read More
Oil prices rose on expectations for improved demand in China after data showed the manufacturing sector of the world's No. 2 oil consumer expanded at its fastest pace in more than a year.
“We may be squandering a once in a lifetime opportunity,” said Jim Cramer, an opportunity to finally break the back of OPEC.”
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
Ric Spooner, Chief Market Analyst, CMC Markets says that there will be plenty of demand for OPEC oil even if the U.S. becomes energy self-sufficient.
Russia's Gazprom will beat Exxon Mobil this year to become the most profitable company in the world, and yet its shares are down 18 percent. Why? The answer may lie with the priorities of Russian President Vladimir Putin.
Can some stocks can still thrive even if lawmakers can't find common ground and compromise to avoid the fiscal cliff?
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.
"There are risks in fracking but there are a lot of alarmists about fracking," says Joel Kurtzman, a senior fellow at the Milken Institute.
CNBC's Sharon Epperson reports the latest numbers from the EIA Inventory Report.
Brent crude slipped toward $109 a barrel on Thursday on rising U.S. oil stockpiles, while fears that the world's largest economy might miss a deadline for next year's budget kept bulls in check.
Despite pressure from the U.S. and others, several companies are still investing in the Iranian energy sector.
Oil prices rose sharply on Wednesday, with Brent crude pushing toward $110 a barrel after the U.S. Federal Reserve announced plans for more monetary stimulus.
Abdalla Salem El-Badri, OPEC's Secretary General, tells CNBC that there are a lot of contradictory factors in the global economy that can affect the oil price but he expects it to say the same.
OPEC agreed on Wednesday to hold its oil production limit unchanged at 30 million barrels a day, delegates at the meeting said. Ministers of the Organization of the Petroleum Exporting Countries continued in closed session to debate who should be the group's next secretary general. They were divided over candidacies from Saudi Arabia and Iraq.
The oil market may appear calm but the International Energy Agency (IEA) has warned that recent data show the market is actually undergoing violent structural changes.
Warren Gilman, Chairman and CEO, CEF Holdings says that the shale gas boom could hit energy prices in the long run.
On "Fast Money," investor Dennis Gartman says most people don't realize what's happening with one well-known commodity.
CNBC's Melissa Lee and the Fast Money traders on the stocks they'll be watching Wednesday.
Surging oil and gas production is set to make North America energy independent by 2025, Exxon Mobil says.
Why is Wednesday's meeting in Vienna going to be a potentially moody affair? Is the apparent lack of downside risk in the oil price disguising longer term economic and political problems ahead? .