Big oil companies are proving surprisingly adept at again pumping profits, as well as oil, The New York Times reports. » Read More
New Jersey lawmakers and Governor Chris Christie struck a $16 billion deal to fund stalled state transportation projects for the next eight years.
OPEC's plan to limit oil output could boost crude prices next year and help energy companies return to earnings growth, Doug Terreson said.
OPEC's promised deal will probably prop up oil prices, but it may also jump-start more U.S. shale drilling.
One day after OPEC agreed to curb production for the first time since 2008, energy analysts are questioning the meaning of the pact.
CNBC PRO used hedge fund analytics tool Kensho to find which stocks performed the best and worst when crude climbed $10.
Oil prices were flat in Asian trade after a surprise OPEC deal to limit output, as skepticism mounted over enforcement of the deal.
The OPEC deal to cut oil production may provide a short-term price support, but it won't change the supply outlook much, Goldman Sachs said.
The "Fast Money" traders looked in the energy sector as oil rallied on the back of a OPEC production limit agreement on Wednesday.
The energy sector was the best performing group in the S&P 500 on Wednesday.
About 100 oil and gas companies have filed for bankruptcy since the start of the oil price rout, and as many more could file before the cycle ends.
Kicking a production freeze deal down the road was probably the best oil bulls could hope, strategists told CNBC.
Longstanding tensions between Saudi Arabia and Iran will hold OPEC back from an oil production freeze in the near term, analysts said.
The OPEC meeting in Algeria may not have resulted in a resolution as of Tuesday, but at least one person is optimistic.
The slump in energy prices means oil-producing countries face a “clear need” to diversify their economies and improve competitiveness, WEF says.
The S&P 500 energy sector shed more than about half a percent on Tuesday amid concerns about a supply glut.
Rice Energy shares slid by more than 7 percent after buying Vantage Energy for about $2.7 billion, including debt.
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