Energy Commodities Oil

More

  • SINGAPORE, Oct 17- Oil prices fell early on Monday, pulled down by a rising rig count in the United States, record OPEC- output, and slowing global economic growth which could erode fuel demand. West Texas Intermediate crude oil futures were trading at $50.03 per barrel at 0030, down 32 cents from their last settlement. "Record supply from OPEC year-to-date, weaker...

  • Pumps draw petroleum from oil wells through the night

    Statoil, Shell and Chevron are experimenting with various technologies to drive down costs.

  • NEW YORK, Oct 14- Hedge funds boosted their bullish bets on U.S. crude oil for the third week in a row to a more than two-year high, data showed on Friday, as non- OPEC countries raised expectations of a joint effort with OPEC members to cut output. Oil prices during the time jumped more than 4 percent and Brent crude hit a one-year high on Oct. 10 after Russia said it was...

  • The Week Ahead

    CNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.

  • Darst: Watch NOBEL

    David Darst, independent investment consultant, discusses his market theme of the week: N.O.B.E.L.

  • 30 Minutes to the Close: Crude remains as 'snake charmer' to market

    Art Cashin, of UBS, discusses what to watch in the last half hour of trading.

  • *Dollar rally and oil rigs rise balanced by OPEC cut hopes. NEW YORK, Oct 14- Oil prices fell slightly on Friday as traders balanced a stronger dollar and another increase in the U.S. oil rig count against expectations that more OPEC talk of output cuts will keep crude above $50 per barrel. Brent, the London- traded crude benchmark, settled down 8 cents, or 0.2 percent, at...

  • Jackie DeAngelis commodity hit

    CNBC's Jackie DeAngelis reports on oil's close, live from the NYMEX.

  • Oil remains at $50

    CNBC's Jackie DeAngelis reports on the close of the oil markets.

  • Oct 14- The number of rigs drilling for oil in the United States rose again this week, extending one of its best recoveries with no cuts for 16 straight weeks, with analysts expecting more additions as crude prices hold over $50 a barrel. The Baker Hughes oil rig count plunged from a record high of 1,609 in October 2014 to a six-year low of 316 in May after crude prices...

  • Canaccord downgrades Shell to sell

    The "Fast Money Halftime Report" traders; Kourtney Gibson, Loop Capital; and Erin Browne, UBS O'Connor, discuss the trade on energy following Canaccord Genuity's downgrade of Royal Dutch Shell to sell.

  • NEW YORK, Oct 14- Crude oil prices fell on Friday as a stronger dollar weighed on the market and as traders awaited an industry report that would determine if U.S. oil drillers were ramping up activity with prices holding above $50 a barrel. Brent, the London- trade crude benchmark, was down 40 cents, or 0.8 percent, at $51.63 a barrel by 11:05 a.m. EDT, after rising...

  • *Doubts about OPEC's cut deal keep rally in check. LONDON, Oct 14- Oil slipped below $52 a barrel on Friday, giving up an earlier gain, as abundant crude supplies outweighed tighter U.S. fuel inventories and OPEC's plans to cut output. Brent crude reached a 2016 high near $54 on Monday, underpinned by OPEC's Sept. 28 deal to reduce oil production, before weakening on...

  • *Doubts about OPEC's cut deal keep rally in check. LONDON, Oct 14- Oil climbed further above $52 a barrel on Friday, supported by a drop in U.S. fuel inventories, though gains were kept in check by ample crude supplies even as OPEC plans to cut output. Brent crude reached a 2016 high near $54 on Monday, underpinned by OPEC's Sept. 28 deal to reduce oil production, before...

  • Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad, Iraq, October 14, 2016.

    Russia and Middle Eastern oil producers want to keep oil prices between $50 and $60 per barrel

  • John Kilduff

    Saudi Arabia is going to have to shoulder most of the production cuts, says John Kilduff, Again Capital, sharing insight to the oil market and crude prices.