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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.
Rising oil prices have displaced Greece as a source of investor anxiety, a new HSBC report says, warning that if the trend of rising oil prices persists, a fragile economic recovery in the developed world could quickly be derailed and inflation could return to emerging markets.
A lot is riding on Friday's jobs report: Expectations are high but traders say the market needs a good report if this rally is going to continue.
President Obama will address the pro-Israel group, AIPAC before a crucial meeting with Israeli Prime Minister, Netanyahu on Monday. Discussing America's policy on Iran and whether Obama will be able to convince Netanyahu he will be on Israel's side, with Jeffrey Goldberg, The Atlantic, and Peter Brooks, Heritage Foundation.
Tensions with Iran, rather than supply and demand, may be the reason gas prices have been consistently climbing, but what has yet to be seen is the impact that this will have on the economy and the country on the whole.
CNBC's Yousef Gamal El-Din has the latest on news from Iran and reports of a pipeline explosion in Saudi Arabia impacting oil, with Sean Cota, Lake Rudd & Company.
The sudden spike in oil prices following Thursday's report of a pipeline explosion in Saudi Arabia highlights how nervous traders are about turmoil in the region.