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
Halliburton said all of the commitments of its subsidiary doing business in Iran have been completed and it is no longer working in the country.
Stocks finished higher during a holiday-shortened week, helped by a spate of merger announcements and an easing of geopolitical tensions after Iran released 15 British sailo
Oil fell on Thursday after Iran's release of 15 British sailors and marines eased worries over crude shipments from the world's fourth-largest exporter.
The Gas Exporting Countries Forum -- which includes names like Iran and Venezuela -- meets in Qatar Monday to discuss the formation of an OPEC-like cartel. Would such a combination pose a clear and present danger to America's interests? Two energy analysts told "Morning Call" viewers not to worry. Not yet, anyway.
Is gold really a good investment -- or does it sit in your portfolio like a brick? John Reade, head of metals strategy at UBS, gave "Squawk on the Street" viewers his take on the ancient commodity. Reade noted that oil prices climbed during the recent diplomatic tensions between Britain and Iran, and asked why gold -- the traditional haven during times of strife -- didn't experience a similar rise...
Stocks are barely changed ahead of the opening and are likely to trade with some trepidation ahead of a three day holiday weekend. Tomorrow's jobs report is a big point of interest, but stock traders will be home watching their bond market brethren trade the number on a special jobs Friday edition of Squawk Box.
U.S. crude oil futures ended lower on Wednesday on U.S. government data showing crude stocks rose by a larger-than-expected volume last week and as international tensions eased after Iran said it was releasing 15 captured British sailors and marines.
Oil slid Wednesday, as the Iran hostage drama seemed to near an end. But two fund managers told "Morning Call" that the volatile Islamic nation actually did little to affect the markets. Instead, earnings and private equity are the real story.Steve Folker, managing director, growth strategies for Fifth Third Asset Management, said that fundamentals, not geopolitics, control oil prices -- and he predicted that those marketplace laws will continue to send oil lower.
The U.S. Securities and Exchange Commission and the U.S. Department of Justice have summoned the chief executive of French energy giant Total to explain the group's activities in Iran, a French newspaper said on Tuesday.
U.S. oil fell 2% after Britain and Iran said they were willing to use diplomacy to end their standoff over 15 British sailors and marines seized in the Gulf.
Any time military action is a possibility, you absolutely need a gold play, Cramer says. And it doesn't hurt to have some cash on hand either, just in case there's a panic you could profit from.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Iranian mischief is the single most bankable trend in the world, Cramer says. So he’s got a doomsday portfolio for you just in case events take a turn for the worst. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Crude oil futures were higher, but trading was choppy amid international tensions over Iran's holding British Navy personnel, a U.S. citizen reported missing and Tehran's nuclear dispute with the West and continued Nigerian unrest.
The comments from Ali Larijani, who last week had suggested that the crew "may face a legal path," came as both Iran and Britain appeared to be seeking a way to soften their approach to the dispute.
David Kirsch, market intelligence service manager for PFC Energy, told CNBC’s “Squawk Box” that he expects oil to trade at $65 to $70 a barrel throughout the summer.
Oil stalled on Friday after a nearly two-week rally on tensions over Iran's capture of British military personnel and worries over U.S. gasoline supplies ahead of summer driving season.
U.S. crude oil futures surged as high as $66.50 amid jitters over British navy personnel being held by Iran. Earlier news of the U.S. sending another aircraft carrier to the Gulf region to replace one of two already patrolling the area also helped pull prices higher, traders said.
Saudi Aramco, Exxon Mobil and Sinopec will invest $5 billion in their refinery, petrochemicals and marketing joint venture, much more than originally planned, they said on Friday.
How can you make money on the recent jump in oil prices? Pavel Molchanov, associate analyst with Raymond James, joined CNBC's Erin Burnett on "Street Signs" with three oil plays -- for what he says is no brief spike.
Oil prices surged more than 3% on Thursday as the standoff over British sailors in Iranian custody and U.S. naval actions in the Gulf escalated supply concerns.