CNBC's Jackie DeAngelis with details on the weekly EIA storage report. » Read More
*Ten-year note yields highest since March 31. NEW YORK, April 20- U.S. "The oil shift has been significant. if you look at the' risk on' that's been in vogue for at least the last couple of weeks, and now at oil breaking up to a new high, all those things are weighing on the market," said Tom Tucci, head of Treasuries trading at CIBC in New York.
CNBC's Jackie DeAngelis reports on the close of the oil market at the end of the May contract.
Discussing Saudi debt sales, and oil price forecasts, with John Kilduff, Again Capital, and Brian Busch, Genscape.
*Moscow denies reports OPEC, other producers meeting in Russia. NEW YORK, April 20- Oil prices rose more than 3 percent on Wednesday after a smaller-than-expected U.S. crude build offset glut worries stirred by the end of a Kuwaiti strike and on speculation that major oil producers were meeting in Russia in May for another attempt at curtailing output.
The Futures Now team discusses the view on crude, with Scott Nations, Nationsshares CIO, and Anthony Grisanti, GRZ Energy president.
Energy industry deals declined in the first quarter from a year ago, as would-be acquirers remained locked out of capital markets and others saw little they wanted to buy.
The U.S. government's Energy Information Administration said crude stockpiles rose 2.1 million barrels last week, less than the 2.4 million barrel build forecast by analysts polled by Reuters and the 3.1 million barrel rise called by the American Petroleum Institute industry group. Crude prices had slumped earlier on Wednesday following the end of a...
NEW YORK, April 20- Oil prices gained on Wednesday as government data showed U.S. crude stocks rose slightly less than expected last week, while the U.S. dollar advanced against the euro ahead of Thursday's European Central Bank meeting. Brent crude oil was up 77 cents at $44.80 a barrel, while U.S. crude was up 67 cents at $41.75 a barrel. On Wall Street, investors are...
NEW YORK, April 20- U.S. crude oil inventories rose slightly less than expected last week, while distillate stockpiles posted an unexpected and huge drawdown, data from the Energy Information Administration showed on Wednesday. "Distillates are the standout bullish element of the report and gasoline is the disappointment," said Matt Smith, director of...
CNBC's Jackie DeAngelis looks at the Department of Energy's inventories report.
HEATING OIL FUTURES TURN POSITIVE AFTER EIA DATA SHOWS DROP IN DISTILLATE STOCKPILES.
OIL PRICES PARE LOSSES AFTER EIA DATA SHOWS SLIGHTLY SMALLER-THAN-EXPECTED RISE IN U.S.
*Kuwait ends oil strike, reviving glut worry after failed Doha. The U.S. government's Energy Information Administration will issue official inventory numbers at 10:30 a.m. EDT EIA/S 3/ 8, following a much stronger-than-expected storage rise reported on Tuesday by American Petroleum Institute. "An expiration of more than $1.50 a barrel in the May-June...
The "new normal" for U.S. oil prices could be as much as double the current $40 per barrel by 2018, a long-time industry advisor tells CNBC.
LONDON, April 20- Global refining margins have improved significantly in recent weeks which should support strong demand for crude and lend some strength to both spot prices and spreads in the short term. But the multitude of indicators on refinery margins all point to an improvement in the United States and globally since the lows hit in February, which is...
NBC News' Ron Allen reports on President Obama's trip to Saudi Arabia.
Tom Petrie, Petrie Partners chairman, provides insight on assessing value on Saudi Aramco IPOs.
Oil prices are slipping on Wednesday, after workers ended a three-day strike that temporarily cut crude output in Kuwait.
The kingdom aims to offset shrinking oil revenues and reserves amid the continued decline in crude prices.
Steve Forbes, Forbes Media chairman shares his thoughts on strained U.S.-Saudi relations, and Saudi Arabia's $10 billion in bank loans.