CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories.» Read More
NEW YORK, Oct 2- Crude prices erased early losses to rise by as much 1 percent on Friday after a report showing the fifth weekly decline in the U.S. oil rig count added to signs of falling production in the world's top oil consumer. U.S. energy companies this week cut the number of rigs drilling for oil by 26, a weekly survey by oil services company Baker Hughes showed.
CNBC's Jackie DeAngelis analyzes crude and gold post a weak jobs data.
*Coming up: U.S. weekly oil rig count at 1 p.m. EDT. NEW YORK, Oct 2- Oil prices fell around 1 percent on Friday, heading for a weekly decline, as weaker-than-expected U.S. economic data weighed on the energy demand outlook and Hurricane Joaquin veered away from oil installations in the U.S. East Coast. Brent, the global oil benchmark, was down 55 cents, or 1.2 percent, at...
*Bombings in Syria introduce Middle East risk premium. "The jobs data was lower than expected so it softens the picture for the U.S. a bit," said Olivier Jakob, analyst at Petromatrix in Zug, Switzerland. Global benchmark Brent fell 20 cents to $47.49 a barrel by 1308 GMT.
The revenue that Saudi Arabia generates from oil could be overtaken by tourism one day, according to tourism industry experts and economists.
The U.S. government's testing underestimates how much fuel cars will burn on the road, and the problem has gotten worse, according to a study.
Glencore has fought this week to reassure investors, employees and counterparties on its financing, with mixed results.
*Bombings in Syria introduce MidEast risk premium to Brent. SINGAPORE, Oct 2- Crude prices rose on Friday as fighting in Syria intensified, but remained on course to end the week largely unchanged as a hurricane was seen as less likely to affect U.S. oil facilities. Traders said a political risk premium had re-entered oil markets over Syria, where Russia and the...
Oil prices reversed losses on Friday after Baker Hughes reported drillers took 26 rigs out of U.S. oilfields last week.
SINGAPORE, Oct 2- Crude prices rose on Friday as fighting in Syria intensified, but remained on course to end the week largely unchanged as a hurricane was seen as less likely to affect U.S. oil facilities. Still, U.S. crude was 57 cents higher at $45.31 a barrel by 0253 GMT, after settling 35 cents lower in the previous session. Traders said a political risk premium had...
WASHINGTON— The Senate Banking Committee endorsed a bill Thursday to lift the four-decade-old ban on crude oil exports, the latest sign of congressional support for legislation that President Barack Obama opposes. Heidi Heitkamp of North Dakota sponsored the bill and was the only Democrat to support it. Lisa Murkowski, R- Alaska, before a vote in the full Senate.
The "Fast Money" traders give their final thoughts of the day.
Oil fell nearly 1% Thursday after being up over 4% percent, volatility that can be partially attributed to strained U.S.-Russia relations over Syria.
Oil inventories appear set to balance for the first time in eight quarters, and natural gas could surge 40 percent, Francisco Blanch said.
CNBC contributor Helima Croft, RBC Capital Markets chief commodities strategist, weighs in on the crude oil space and Russia's oil impact.
CNBC's Jackie DeAngelis reports on the oil close, live from the floor of the NYMEX.
Discussing factors impacting natural gas, oil and gold prices, with Francisco Blanch, BofA Merrill Lynch head of global commodity research.
A peace agreement with armed rebels would permanently add 1.5 percent to Colombia's GDP, according the country's leader.
As oil prices struggled to hold onto this week’s gains, investors are obsessed with pinpointing crude’s next move—and there’s hopes the worst might be over.
NEW YORK, Oct 1- Oil prices fell back on Thursday after an early rally on fears of storm damage to U.S. oil installations faded. Brent, the global benchmark for oil, was down 20 cents, or 0.4 percent, at $48.17 a barrel by 10:33 a.m. EDT after hitting a one-week high at $49.84. Hurricane Joaquin, which strengthened into a powerful Category 3 storm and was moving over the...