The military involvement by Russia in Syria could force OPEC's largest member to capitulate on production cuts, entrepreneur Boone Pickens tells CNBC.» Read More
Daniel Yergin, CNBC energy analyst, discusses what's behind the rising price of oil, and problems with Iran.
CNBC's Sharon Epperson has the details on this week's crude oil inventory data.
The Asia region is expected to drive demand for oil over the course of the year, according to the latest International Energy Agency report.
If history is any indication, the stock market could soon lose the resilience it has shown so far in the face of soaring oil and gasoline prices, says a new report from Morgan Stanley.
While individual commodities are subject to a lot of momentum—they are a good alternative to stocks and bonds and commonly used for diversification, and hedging investments.
Benchmark oil prices may decline this week as many still consider market conditions are over-extended and current levels are not warranted by the supply and demand fundamentals, CNBC's weekly survey of market sentiment showed.
Oil is caught between two worlds: a stronger dollar and geopolitical risk in Iran, reports CNBC's Sharon Epperson.
After U.S. stocks finished higher for the second straight session, Cramer on Thursday noted that most issues that had worried investors earlier in the week have since been addressed.
Major powers called on Iran to enter "serious dialogue" over its contested nuclear program "without pre-conditions", in a joint statement issued on Thursday following extensive deliberations in Vienna.
The witching hour that could determine whether Greece defaults or not is Thursday afternoon, and that will hang over markets until it's known whether enough private investors accept a debt restructuring deal.
Rattled stock investors may be seeing the start of a much anticipated market correction.
Benchmark crude oil prices will likely extend their losses this week as investors questioned whether the recent rally which sent Brent crude to a multi-year high is warranted by the fundamentals, CNBC's weekly survey showed.
The “Mad Money” host explains the culmination of events that have hit the market in the past 96 hours.
A check on oil prices and where oil's next move might be, with Ray Carbonne, Paramount Options, and CNBC's Bertha Coombs.
A disruption of crude oil supply from Iran could push oil prices up by as much as $40 per barrel, according to Sabine Schels, Senior Director and Global Commodity Strategist at Bank of America Merrill Lynch Global Research.
John Kilduff, Founding Partner, Again Capital, says there could be a military event of some kind down the road in Iran; and $110 mark is the level when tensions are at the highest.
Fears are growing that rising gasoline prices could stifle economic recovery. Those rising gasoline prices are becoming a subject of hot political debate in a presidential election year. Geopolitics is behind the rising prices, most noticeably due to the increasing tensions over Iran’s nuclear program.
With the most recent data from the Energy Information Administration and the CIA World Factbook, here are the countries with the biggest proven oil reserves.
Insight on whether the government can reduce the price of oil by tapping into reserves, with Rep. Peter Welch, (D-VT), who says reserves should be tapped in order to spook speculators and drop prices.
"Of the last $20 in the Brent crude oil price rise, I would only attribute about $5 to Iran and 15 to liquidity and continued quantitative easing and just the fact that the supply of money continues to rise," Sabine Schels, senior director and global commodity strategist at BofA Merrill Lynch Global Research, told CNBC, because it is "dropping the value of money, relatively to the value of real asset," she explained.