Energy Commodities Oil

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  • TORONTO, Feb 12- Canada's main stock index rallied on Friday, led by banks and energy stocks after oil prices surged as much as 12 percent. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 293.87 points, or 2.43 percent, at 12,381.24. All 10 of the index's main groups ended higher.

  • Reasons for oil pop 14 Hours Ago
    Reasons for oil pop

    CNBC's Jackie DeAngelis analyzes the market factors that took oil higher Friday, and whether the fundamentals justify the pop.

  • Big comeback in oil 14 Hours Ago
    Big comeback in oil

    Independent investment consultant David Darst discusses the potential for oil production cuts, and what to make of the rally.

  • Oil closes up 12% 15 Hours Ago
    Oil closes up 12%

    CNBC's Jackie DeAngelis looks at oil prices ahead of the long weekend with discussions about OPEC production.

  • An oil swing this big has to swing back: Pro

    Foreign Reports Inc. VP Matt Reed explains why headlines of oil production cuts won't matter until Iran joins the move.

  • You ain't seen nothing yet with oil: Kilduff

    With an OPEC production cut unlikely and global weakness abounding, oil is nowhere near a bottom, says John Kilduff of Again Capital.

  • *Market lifted by UAE comments on potential coordinated OPEC cut. NEW YORK, Feb 12- U.S. crude prices jumped more than 10 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets added to the risk appetite in oil. The UAE's comments, coming after vain efforts earlier in the week by...

  • *Market lifted by UAE comments on potential coordinated OPEC cut. NEW YORK, Feb 12- U.S. crude prices jumped 12 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets and the euro added to the risk appetite in oil. The UAE's comments, coming after vain efforts earlier in the week...

  • Workers at an oil well operated by a subsidiary of the KazMunayGas Exploration Production JSC in Kazakhstan, January 21, 2016.

    Analysts and market watchers say there is little chance OPEC and nonmembers will agree to production cuts.

  • 5 reasons oil is pacing for the best day since '09

    CNBC's Jackie DeAngelis covers reasons why oil bounced nearly 12% in midday trading.

  • NEW YORK, Feb 12- U.S. and European shares rebounded from recent weakness on Friday, with reassuring U.S. retail sales data boosting sentiment, while U.S. crude prices rallied from more than 12- year lows. Banking shares in the United States and Europe spiked, with the S&P financial index last up 2.9 percent and the STOXX 600 Europe Banks index gaining 4.7 percent.

  • Why an oil cut isn't likely: Pro

    Barclays Head of Commodities Research Michael Cohen explains where oil prices are headed.

  • Crescenzi: Let markets adjust to turmoil

    With stocks at session highs, Pimco's Tony Crescenzi looks at the markets including the talk around negative interest rates, China, and oil prices.

  • LONDON, Feb 12- Oil prices jumped on Friday on prospects for a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle, and was up 4.5 percent at $31.42 per barrel at 1510 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...

  • Crude jumps nearly 7% 20 Hours Ago
    Crude jumps nearly 7%

    CNBC's Jackie DeAngelis looks at the bounce in oil prices ahead of the holiday weekend.

  • Drilling rigs in the Cromarty Firth near Invergordon, Scotland, Britain.

    An extended trough in oil prices will see large energy firms slash payouts by a total of $12 billion this year, Markit warns.

  • LONDON, Feb 12- Oil prices jumped on Friday on prospects of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle and was up 4.42 percent at $31.39 per barrel at 1216 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...

  • Dennis Gartman, The Gartman Letter, discusses his position on gold and OPEC production.

  • Interesting and positive signs for the markets: Bob Doll

    Bob Doll, Nuveen Asset Management, discusses concerns in the economy and positive catalysts for the markets.

  • LONDON, Feb 12- Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against its previous settlement and was up 4.9 percent at $31.53 per barrel at 0938 GMT. "The comments by the UAE oil minister are pushing prices up... but we're still in a...