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
The growing oil supply glut in the Midwest and the inability to transport and offload these supplies via pipeline to refineries along the Gulf Coast has created the widest price differential of the year between the world's largest oil futures contracts.
Oil prices resumed their three-week rally, boosted by positive economic data in Europe that reignited the upward momentum in stock markets.
Benchmark oil prices are poised to make fresh multi-month highs this week amid improved economic data in the U.S. and China, according to CNBC's latest survey of market sentiment. However, a minority of the trade are questioning the rally, arguing the move higher is overdone and Monday's pullback in prices may deepen.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Tuesday.
CNBC's Gary Kaminsky explains why some experts believe the smart money is piling into natural gas.
Brent crude oil fell below $116 per barrel on Monday, slipping from 4-1/2-month highs after three weeks of gains powered by signs of improving global economic growth.
John Hofmeister, Citizens for Affordable Energy CEO, provides perspective on the recent surge in gas prices and what it means for the consumer.
Energy bulls, top trader Rich Ilczyszyn sees cause for concern in the futures contracts of oil.
After Exxon Mobile reported earnings on Friday, one options trader made a bearish bet.
Consumers have been spending more on gasoline than they have in nearly three decades.
The search for culprits behind the rancid haze enveloping China's capital has turned a spotlight on the country's two largest oil companies and their resistance to tougher fuel standards.
A French-owned Luxembourg-flagged tanker with 17 crew members that went missing off Ivory Coast over the weekend is believed to have been hijacked by Nigerian pirates, the International Maritime Bureau said on Monday.
Drivers are now paying more to fill up their gas tanks than they ever have at this time of year.
Chevron posted a rise in quarterly profit as its refining arm managed to improve earnings despite the crippling of the company's oldest refinery last August.
Energy Secretary Steven Chu, the Nobel-winning physicist who survived the uproar after the solar energy company Solyndra went bankrupt, is stepping down.
One company found that energy usage in the US drops by more than 5% during the game and as much as 7.5% during the half-time show, even though it would take 10 coal-fired power plants to fire all the televisions being watched.
CNBC's Sharon Epperson reports oil is hitting record levels. Also, Paul Sankey, Deutsche Bank analyst, weighs in with how to play the oil space, amid growing unrest in Turkey.
Brent crude rose to a four-month peak, with traders citing optimism about the global economic recovery, while Brent's premium over U.S. oil futures widened nearly $1 a barrel in heavy spread trading.
A powerful explosion rocked the Mexico City headquarters of state-owned oil giant Pemex on Thursday, killing at least 25 people, injuring more than 100 and trapping others inside.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.