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
Harry Tchilinguirian, head of commodity markets at BNP Paribas, says the sharp moves in oil prices have been motivated by mixed U.S. and euro zone data, adding not just oil but every other commmodities are impacted.
Oil and gas producer Linn Energy said it would buy Berry Petroleum in an all-stock deal valued at $4.3 billion including debt, giving it more exposure to lucrative liquids that will help it raise production by 30 percent.
The world's fifth-largest wind-turbine supplier, Suzlon Energy, expects India's budget next week to reinstate incentives aimed at encouraging businesses to invest in more wind power.
Gareth Penny, executive chairman of New World Resources, tells CNBC that they have seen coal prices reduce by thirty percent over the course of 2012 which has resulted in a loss for the business.
Both U.S. light, sweet crude and Brent crude oil prices settled, pressured by weak euro zone economic data and the possibility that the U.S. Federal Reserve might curb its economic stimulus measures.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Thursday.
Down 40% in a year, Cramer said this stock “has catalysts that could help it bounce back with a vengeance.”
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.
Diane Swonk, Mesirow Financial chief economist, discusses the impact of higher gas prices on the economy.
Commodities tumbled on Wednesday as investors worried about global supply and demand issues amid an uneven economic recovery.
Unless the Justice Department and BP reach a last-minute settlement, the British oil company will return to court on Monday to face tens of billions of dollars in civil claims from the 2010 explosion on the Deepwater Horizon rig. The New York Times reports.
Johannes Benigni, managing director at JBC Energy, explains why the US retail gas prices climb while the NYMEX crude oil is down, saying the underlying international market price is the Brent.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Wednesday.
As the Dow and the S&P 500 have both rallied 7 percent since the beginning of the year, the "Mad Money" host said investors need to change the way they're investing.
CNBC's Sharon Epperson looks ahead to key energy reports this week. Retail gasoline demand data released by MasterCard SpendingPulse on Wednesday will likely show impact of higher prices on U.S. consumers, she says. Traders and analysts are also anxiously awaiting this week's report on gasoline supplies and demand from US Energy Information Administration, scheduled for release at 11am ET on Thursday.
CNBC's Sharon Epperson reports that even though gas prices have pulled back, futures are up over where they were a year ago. For the past 33 days, retail gas prices have climbed, she reports, and the national average is $3.75/gallon.
Oil prices rose as traders grew bullish amid a rally in U.S. stock markets, even as U.S. pipeline bottlenecks and European economic concerns threatened to weigh on oil markets.
You're paying more at the pump and prices are likely to continue to climb as we head into the summer driving season — particularly in the Northeast.
BP said the U.S. Department of Justice has backed its claim that oil it recovered at the 2010 spill site should be excluded from certain penalties it could face, potentially cutting its final fine by as much as $3.5 billion.
Brent crude rose slightly toward $118 a barrel on Monday, underpinned by expectations of improving global growth despite some weak U.S. data dampening prices at the end of last week.