U.S. crude rose as traders watched Ukraine's crisis, but gains were curbed by domestic supply builds and lower demand in the U.S. and China.» Read More
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.
Oil prices sank and Brent futures finished their first negative week since mid-January after an unexpected dip in U.S. industrial production spurred concerns about lagging economic activity.
The price of Brent Crude oil is set to fall 30 percent to $80 per barrel by the end of the year, according to Robert Levitt, CEO and founder of U.S. wealth manager Levitt Capital Management.
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 Jackie DeAngelis discusses crude's climb on geopolitical concerns over Iran's nuclear program. And natural gas got hit after weekly inventories had less of a draw than expected. Silver also had a bad day.
The oil and gas game can be a tricky one for "junior" companies, but if played right, the pay-off can be massive. One CEO explains.
Rio Tinto's new chief flagged he would slash costs, spend capital more carefully and focus on shareholder value after the world's no.3 miner reported a $3 billion loss, its first ever full-year loss.
Oil prices rose, as fears about gasoline supply and Iran's nuclear program pulled the complex higher, outweighing concerns of weakening economic output in the euro zone.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
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.