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Energy Commodities Oil

  • OIL PRICES EXTEND GAINS IN POST-SETTLEMENT TRADE AFTER API DATA SHOWS SURPRISE DRAW IN U.S.

  • Oil worker near pump jack

    The "Futures Now" team discusses the reversal in crude oil, and where the commodity may head from here.

  • BOSTON, April 11- Crude oil edged back from a five-week high on Tuesday as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 33 cents from its previous close at $55.55 per barrel at 11:38 a.m. EDT. West Texas Intermediate...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 45 cents from its previous close at $55.53 per barrel at 1425 GMT. "Geopolitical tensions are bad...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 8 cents from its previous close at $55.90 per barrel at 1225 GMT. West Texas Intermediate fell by 9...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 10 cents from its previous close at $55.88 per barrel at 1051 GMT. West Texas Intermediate fell by...

  • Oil well pump jacks located in Almond Orchard located over the Monterey Shale in San Joaquin Valley.

    Oil prices traded lower on Tuesday as analysts remained divided on where the price will head from here.

  • SINGAPORE, April 11- Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices. The international benchmark for oil prices, Brent crude futures, were down 20 cents, or 0.36 percent, from its previous close at $55.78 per barrel at 0702...

  • *Oil companies' reserve life drops after writedowns. LONDON, April 11- As crude prices recover, oil majors face a dilemma how quickly should they seek to replenish reserves? BP and Italy's Eni saw a slight increase.

  • SINGAPORE, April 11- Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices. The international benchmark for oil prices, Brent crude futures, were down 4 cents, or 0.1 percent, from its previous close at $55.94 per barrel at 0510...

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Crude oil eased from a five-week high as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East.

  • SINGAPORE, April 11- U.S. crude oil rose for a sixth consecutive session on Tuesday to hit its highest level in five weeks, underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya's largest oilfield. West Texas Intermediate crude futures were up 10 cents, or 0.2 percent, at $53.18 a barrel by 0009 GMT. While Syria produces only small...

  • *Oil gains on Syria uncertainty, Libya oilfield shutdown. NEW YORK, April 10- Oil futures rose on Monday due to uncertainty on the situation in Syria, one of several risk concerns that helped cap stock gains and send U.S. Jitters about the upcoming French presidential election, North Korea and U.S.- Syria tensions underpinned safe-haven demand for safer U.S....

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • *OPEC cuts, tension over Syria support market. NEW YORK, April 10- Oil rose toward $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield over the weekend and geopolitical tensions following last week's U.S. missile strike on Syria. On top of that, Libya isn't producing oil, so that's adding to the bullish side of the market, "said Phil Flynn, an...

  • *OPEC cuts, tension over Syria support market. NEW YORK, April 10- Oil rose toward $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield over the weekend and geopolitical tensions following last week's U.S. missile strike on Syria. On top of that, Libya isn't producing oil, so that's adding to the bullish side of the market, "said Phil Flynn, an...

  • *Oil up 1 pct as Syria, Libya oilfield shutdown support prices. NEW YORK, April 10- Wall Street stock indexes rose on Monday as higher oil futures boosted the energy sector and investors placed their bets ahead of the U.S. quarterly corporate earnings season. In commodities, oil prices rose around 1 percent, supported by strong demand and uncertainty over the...

  • *Brent crude prices rise above $55/ barrel. JPMorgan, Citigroup and Wells Fargo are scheduled to report quarterly earnings on Thursday and could throw light on the U.S. banking industry's performance amid a rally in financial shares since the election of President Donald Trump. "It looks like the start of a quiet holiday week after an underwhelming Friday, where...

  • Enbridge CEO: More positive tone around energy

    As North America's largest pipeline company, Al Monaco, Enbridge CEO shares the company's strategy to continue growth, and create jobs through infrastructure projects.

  • *Libya's Sharara oilfield shut again- source. *OPEC cuts, tension over Syria support market. LONDON, April 10- Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield, tension over Syria following the U.S. missile strike and signs that an OPEC- led supply cut is helping to clear excess supplies.