U.S. crude futures were little changed above $56 due to bearish U.S. oil data, ruble crisis and a U.S. decision to resume diplomatic ties with Cuba.» Read More
Chevron has put a plan to drill for oil in the Canadian Arctic on hold because of "economic uncertainty" caused by oil's fall.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude actually ended slightly higher on the day. There was a little bit of buying going into the Fed meeting, traders said.
Oil stocks bounced, in their best day in three years, but oil industry analysts say the equities may be premature in celebrating a bottom in oil prices.
Here's what bothers Ron Insana about the Fed's statement — its last of 2014.
Brent crude oil traded near $62 a barrel on Wednesday as U.S. data showed falling crude inventories, stemming deep losses brought on by a supply glut.
Capital markets are the superpower in today's world, and they have Russia on its knees, Evercore Partners founder Roger Altman said.
The airline industry will reap the benefits of lower oil prices, which could fall to as low as $30 a barrel, according to Emirates Airline's CEO.
Lower oil prices are good for some countries and bad for others. In a few, things could get ugly.
Omega Advisors CEO Leon Cooperman, provides insight to his firm's holdings in the energy sector.
New York will officially ban fracking in 2015, reports CNBC's Brian Sullivan.
Discussing lower energy prices, and how investors should view the decline, with Omega Advisors CEO Leon Cooperman.
Joy Global, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in revenue as customers cut production.
Elon Musk's investments in electric cars and alternative energy is taking a beating due to tumbling gas prices.
Americans probably haven't noticed much of a change in airline-ticket prices since oil began to plummet. They shouldn't hold their breath.
Fund managers are still confident in stocks but the falling oil price is pushing them to add to their cash holdings.
Russia's ruble plunged to an all-time low against the U.S. dollar on Tuesday, despite the Russian central bank's move to hike rates to 17 percent.
The Russian Central Bank's efforts to fight the ruble's slide will be ineffective if oil continues to fall, Boris Schlossberg said.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another volatile day for crude, which closed up 2 cents on the day.
"Considerable time" may be on its way out. But the Fed needs to be careful not to send signals to the market it will take back later.
U.S. oil prices rallied at midday on Tuesday, reversing earlier losses on a mix of profit-taking and positioning ahead of WTI options expiry.
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