U.S. oil rose more than $1 a barrel as tensions lingered in Ukraine and a report showed U.S. job growth accelerated by more than expected.» Read More
Brent crude rose after official Chinese data indicated strong demand in the world's second-largest oil consumer, though prices pared early gains as uncertainty surrounding Italian election results weighed on the euro and spooked markets.
Kevin Book, ClearView Energy Partners, discusses whether rising gas prices will continue into the spring and summer.
Benchmark oil prices are set to weaken further this week though losses may be limited if U.S. Federal Reserve Chairman Ben Bernanke defends the central bank's stimulus efforts this week at his semi-annual testimony to Congress.
Steve Yerrid, trial attorney and special counsel to Gov. Christie on Gulf oil spill, tells CNBC why there is motivation on both sides to reach a settlement on Gulf spill damages and avoid a drawn out trial.
Tom Bergin, Author of Spills and Spin, tells CNBC that the BP pay-out to the US government is the worst case scenario according to what analysts had previously envisaged.
Oil prices rose on Friday as German business sentiment improved, but crude futures still fell by the largest weekly margin of 2013 after a sell-off in commodities markets earlier this week.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Friday.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
If 15 billion barrels of potentially crude oil can be found beneath the earth, California could become the nation's next oil frontier, reports CNBC's Jane Wells.
Next month will determine the eventual fate of the Falkland Islands—and the 1.4 billion barrels of oil so far discovered there. The resolution will come through a referendum among the islanders themselves. Argentina isn't happy about that.
CNBC's Bertha Coombs reports the latest numbers on oil and gas inventories.
Manufacturing in the U.S. could take off on "the cheapest energy in the world," BP Capital Founder T. Boone Pickens told CNBC.
The federal government believes the Monterey Shale, which lies under more than 1,750 square miles of central and southern California, has far more shale oil than anywhere else in the lower 48 states — nearly four times the amount of the Bakken Shale in North Dakota.
The U.S. economic recovery, already winded by higher payroll taxes and potential budget cuts, has a new challenge: rising gas prices.
Chesapeake Energy reported a quarterly profit that topped Wall Street views, helped in part by lower-than-expected expenses.
CNBC's Bertha Coombs reports the latest EIA Inventory Report numbers on natural gas supplies.
Boone Pickens, BP Capital founder, talks about the nation's dependence on foreign oil and how the U.S. can fuel domestic energy production.
Consumers are being clobbered by rocketing fuel costs. A look at what's causing sticker shock at the pump, with John Eichberger, National Association of Convenience Stores; and Boone Pickens, BP Capital founder.
With the ability to produce electricity far beyond the requirements of its population, Iceland is looking into the possibility of laying an enormous "extension cord", which would enable them to export to the huge European market.
T.Boone Pickens is working on a deal with Mayor Bloomberg to power some New York food trucks with natural gas.