Although U.S. crude has flirted with its highs, market observers and professional traders alike think oil could push lower.
Pro trader Anthony Grisanti looks at why he doesn't think gas prices will soon soar.
Amjad Bseisu, CEO of EnQuest, tells CNBC that oil reserves in the north sea are declining, although a relaxation of government regulations has prompted a boom of investment in the area.
Middle East-style oil wealth combined with a generous Nordic welfare model is slowly throttling big chunks of Norway's economy.
For a long time, the trade has been to buy oil refiners and sell big oil. Now it looks like that trade could flip.
The president wants Congress to authorize $200 million a year for 10 years for research on energy technologies.
Paolo Scaroni, CEO of ENI, promised to develop a plan of share buy back, if oil prices stay as high as where they are today, adding every time he makes a forecast on oil prices he is wrong.
Pro traders take to the techncials to explain why gasoline prices might be in for some pain.
Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.
The Keystone XL oil pipeline got a boost after the U.S. State Department said it would not likely change the rate at which Canada's oil sands are produced.
In a domestic energy market developing faster than just about anyone can remember, the key is in finding an edge.
Charles Drevna, National Petrochemical and Refiners Association, discusses whether U.S. refineries are ready for the nation's new found supply of oil fields.
Tom Bergin, Author of Spills and Spin, tells CNBC that the BP pay-out to the US government is the worst case scenario according to what analysts had previously envisaged.
Crude oil had its worst day in three months, with John Kilduff, Again Capital, and :Nan Hayworth, (R) Fmr. New York Representative.
Johannes Benigni, managing director at JBC Energy, explains why the US retail gas prices climb while the NYMEX crude oil is down, saying the underlying international market price is the Brent.
Best Buy was upgraded at Barclays and Stifel Nicolaus, with the FMHR traders; and a closer look at an opportunity in refining stocks.
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BP said the U.S. Department of Justice has backed its claim that oil it recovered at the 2010 spill site should be excluded from certain penalties it could face, potentially cutting its final fine by as much as $3.5 billion.
Canada remains cautiously optimistic that Washington will approve the Keystone XL oil pipeline even though President Barack Obama made no mention of it in his State of the Union speech.
Christophe De Margerie, CEO of Total, sees oil prices staying around $100-110 per barrel in 2013.