Brent held above $85 as robust China oil demand supported prices, although gains were capped by oversupply and fears of a weak global economy.» Read More
Brent oil rose to a two-week high, as conflict in South Sudan threatened the country's oil output.
But oilman Harold Hamm tells CNBC he doesn't expect the U.S. to be a net exporter of crude.
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.
Crude was boosted on Friday by a positive outlook for U.S. fuel demand and reduced Libyan supply.
Crude oil futures slipped in light volume, as traders booked profits after three days of gains ahead of Christmas.
Boris Schlossberg, BK Asset Management, shares his perspective on currencies. The "cleanest trade of all" in 2014 is the U.S. dollar/yen, says Schlossberg. And higher oil prices are actually bearish for natural gas, says Stephen Schork, The Schork Report, with his play on oil.
When Mexican President Enrique Peña Nieto signs new oil reform, it may mark a turning point for Latin America's second-largest economy.
Last week, Mexico's Senate approved an energy reform that should prove transformational for its $1.2 trillion economy.
A fire department in California said a garage fire may have been caused by an overheated charging system in a Tesla Model S sedan.
News that Vladimir Putin plans to pardon the former head of Yukos shocked even the most optimistic businessmen in Russia.
BP accused a Texas lawyer of fraudulently driving up its settlement costs in the 2010 Gulf Coast oil spill by representing "phantom" clients. The New York Times reports.
Amrita Sen, chief oil analyst at Energy Aspects, says the oil market could see surprisingly strong demand in 2014.
Solving China's massive pollution problem means money and the will to reverse years of environmental destruction. Experts say that will take a long time.
CNBC's Michelle Caruso-Cabrera reports on reforms in Mexico's oil industry, as the country seek to increase energy production.
U.S. crude oil futures settled higher, spurred by refiners needing oil to meet robust distillate exports and on short-covering demand.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
The growth of shale oil production in the United States may not hit Saudi Arabia as quickly as previously thought.
Russian President Putin said he would soon pardon jailed oil tycoon Mikhail Khodorkovsky, who still has eight months left to serve.
Nigel Robinson, head of power and infrastructure finance at Investec, says the U.K. needs to look at gas as a sustainable source of power.
CNBC's Sharon Epperson reports weekly oil supplies fell but gasoline supplies increased by 1.3 million barrels.
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