Brent crude climbed towards $108.50 per barrel on Friday, rising for a second straight session as worsening diplomatic relations between Ukraine and key oil producer Russia stoked supply fears.» Read More
Gasoline futures rose to the highest level in nearly three months on fears about tight supplies after a series of East Coast refinery issues.
Growth in the U.S. economy will be aided by the domestic "energy revolution" and the pick-up in the housing market, Under Secretary of State Robert Hormats told CNBC on Wednesday.
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 as oil hits a four-month high. And Nebraska's governor approves a new route for the Keystone pipeline.
Pro trader Jim Iuorio explains why the cold temperatures might push nat gas higher.
Nebraska Gov. Dave Heineman has approved a new route for the Keystone XL oil pipeline that avoids the environmentally sensitive Sandhills region.
U.S. crude futures may test $100 a barrel this week - possibly breaching triple digits - after an attack against a gas facility in OPEC member Algeria on Wednesday escalated into an international hostage crisis, leading to renewed fears that supply may be disrupted in other politically-unstable parts of North and West Africa.
It has been a harrowing start to 2013 for the global energy industry. BP, Statoil and the joint operators of the In Amenas natural gas plant in Algeria are slowly coming to terms with last week's brutal 4-day occupation of the isolated desert facility where 38 mainly foreign hostages were killed by Islamist militants.
The gas plant at In Amenas is giving up its secrets as Algerian special forces picking their way through the vast complex find dozens of bodies, some charred beyond recognition in the bloody end-game to one of the worst hostage crises in years.
Algerian special forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, a security source said on Monday, as the death toll reached at least 80 after troops stormed the complex to end the hostage crisis.
Terrorist want to exchange hostages for Omar Abdel Rahman, reports CNBC's Jackie DeAngelis. Also, a look at the impact on energy prices, with CNBC's Sharon Epperson.
Oil is slipping slightly this morning as the Algeria hostage crisis continues, with Boris Schlossberg, Managing Director, BK Asset Management; Kevin Book, ClearView Energy Partners; Barry Knapp; Barclays; and Rebecca Patterson, Bessemer Trust.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Friday.
Brent crude rose above $112 a barrel on Tuesday, after Japan pledged to pump in more money to boost its economy.
Brent futures lost ground on Monday after a three-day rally last week, dropping further below $112 per barrel as economic worries and concerns of oversupply offset fears of unrest in the Middle East.
Oil prices rose, recovering from an earlier dip after news that the U.S. House of Representatives will consider a bill to raise the debt ceiling enough to allow the country to pay its bills for another three months.
The "awakening dragon" that is the growing Chinese economy will help boost oil demand in 2013, the International Energy Agency (IEA) said on Friday as it raised its 2013 demand forecast.
In its report for January, the Organization of Petroleum Exporting Countries said the United States in 2013 may post the highest oil supply increase among non-member states.
CNBC's Sharon Epperson provides the latest inventory supply numbers on natural gas.
Oil rose on Thursday as financial markets got a boost from improving U.S. economic data showing jobless claims fell to a five-year low and housing starts rose sharply.