Brent futures held above $109 a barrel after a survey showed the slowdown in Chinese manufacturing activity had eased.» Read More
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.
Gas futures surged to a six-month high on Wednesday, leading some to think the rally could continue.
Beijing’s air pollution has soared past levels considered hazardous by the World Health Organization. And now it's not an issue that only the Chinese are worrying about, Oilprice.com says.
Canada remains cautiously optimistic that Washington will approve the Keystone XL oil pipeline even though President Barack Obama made no mention of it in his State of the Union speech.
President Obama gave Congress an ultimatum on climate change in his State of the Union speech: Craft a plan to slash greenhouse gas emissions or the White House will go it alone.
CNBC's Sharon Epperson reports the latest numbers from the EIA Inventory Report.
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