CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.» Read More
Good King Abdullah of Saudi Arabia figures that $36 billion will buy off any potential unrest in his realm of Saudi Arabia. That's an expensive piece of cake he's dishing up.
As oil prices touch fresh highs, an official from a trade group representing convenience stores said that consumers have appeared "more confident" in recent months.
As anger spreads throughout the Arab world, retired Gen. Wesley Clark said Saudi Arabia will be the last country to see an uprising.
While some worry skyrocketing oil prices will hurt the U.S. economy, the "Fast Money" traders are taking a different view.
In light of all that has happened in Libya over the last week, it seems fair to wonder how Libyan president Muammar Gaddafi has thus far avoided suffering the same fate as Hosni Mubarak, who was forced from power in neighboring Egypt earlier this month.
World leaders condemned Muammar Gaddafi's bloody crackdown on a revolt that has split Libya, but took little action to halt the bloodshed from the latest upheaval reshaping the Arab world.
The spread between Brent and NYMEX crude is currently around $15 a barrel and according to Jim Bianco, the president of Bianco Research, this is due to one pipeline pumping crude from Canada into Cushing near Oklahoma City.
Oil could hit $220 a barrel if "Libya and Algeria were to halt oil production together," analysts at Nomura investment bank predicted.
Libya produces less than 2 percent of the world’s oil, and exports little to the United States. But the high quality of its reserves magnifies its importance in world markets. The NYT reports.
Now that the much-anticipated pullback has arrived, traders are debating how low the skittish stock market can go. But one thing's for sure: It'll have a lot to do with oil.
President Obama is condemning the violence in Libya and dispatching Secretary of State Hillary Rodham Clinton to Geneva for international talks aimed at stopping the bloodshed. He says he's directed his administration to prepare a full range of options to respond.
President Barack Obama says the U.S. is doing everything possible to protect Americans in Libya.
Fear of the unknown amid Mideast unrest and violence is driving down markets, Goldman Sachs strategist Abby Joseph Cohen told CNBC Tuesday, but good investment opportunities exist for nimble investors able to pick through selloffs.
Russia, Canada and Indonesia are primary places investors should look to get protection from the various problems posed by uprisings in Libya and elsewhere, the co-CEO of the global bonds leader said.
Italy—and the Italian Prime Minister Silvio Berlusconi—have more exposure to the crisis in Libya than most.
The mass protests in Bahrain will make the country stronger and not lead to the fall of the ruling royal family, the boss of Bahrain's sovereign wealth fund has told CNBC.
An unfortunate turn in Swiss-Libyan diplomatic relations in 2008 may now have a silver lining for the Alpine economy.
Muammer Gaddafi’s family has built up vast business interests in sectors ranging from oil to hotels during his 41-year rule, giving it a hold over large swathes of Libya’s economy, according to US diplomatic cables and governance groups, reports the Financial Times.
With Muammar Gaddafi vowing to die a martyr or crush a growing revolt in Libya, one academic has warned that the North African state risks becoming a failed state with huge consequences for Europe and the world.