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Energy Commodities Oil

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  • *Saudi Arabia keeps Asian supply volumes high. SINGAPORE, June 10- Oil futures extended gains on Wednesday, with U.S. crude and gasoline inventories set to drop and as the Energy Information Administration raised its 2015 oil demand growth forecast. U.S. crude climbed 72 cents to $60.86 a barrel.

  • SINGAPORE, June 10- Oil futures extended gains in early Asian trade on Wednesday as U.S. crude and gasoline inventories fell more than expected and the Energy Information Administration raised its 2015 oil demand growth forecast. Front-month Brent crude futures rose 23 cents to $65.11 a barrel by 0154 GMT. The U.S. government's Energy Information...

  • WTI ends at highest since Dec. on US stock draw Wednesday, 10 Jun 2015 | 2:40 PM ET
    An oil pump jack in the oil town of Gonzales, Texas.

    Oil rallied for a second straight day on Wednesday as U.S. government data confirmed a big weekly drawdown in domestic crude stockpiles.

  • SINGAPORE, June 10- Oil futures extended gains in early Asian trade on Wednesday as U.S. crude and gasoline inventories fell more than expected and the Energy Information Administration raised its 2015 oil demand growth forecast. Front-month Brent crude futures rose 9 cents to $64.97 a barrel by 0105 GMT. The U.S. government's Energy Information...

  • SINGAPORE, June 10- U.S. crude futures extended gains in early Asian trade on Wednesday as crude and gasoline inventories fell more than expected. *Front month U.S. crude had climbed 43 cents to $60.57 a barrel by 0030 GMT. *In Asia, there are mounting concerns of an emerging currency war as monetary authorities from South Korea, Indonesia to India are preparing to let...

  • Commodities tomorrow: Traders buy the dip Tuesday, 9 Jun 2015 | 4:00 PM ET
    Commodities tomorrow: Traders buy the dip

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up on the day, she reports.

  • *Tame China inflation data, Greece worries weigh on sentiment. NEW YORK, June 9- U.S. stocks rose slightly on Tuesday, bouncing back partially from the previous day's decline as higher oil prices helped energy shares, but the dollar slipped on global economic concerns. They don't want to miss the boat, "said Andrew Frankel, co-president of Stuart Frankel& Co in New York,...

  • *U.S. crude settles above $60 a barrel, Brent near $65. NEW YORK, June 9- Prices for crude oil, gasoline and diesel jumped more than 3 percent on Tuesday, as bullish investors ramped up bets across the oil complex for another weekly drop in U.S. stockpiles. U.S. crude inventories likely fell for a sixth straight week in the week ended June 5, data from industry group...

  • 2 reasons yields will incline: Pro Tuesday, 9 Jun 2015 | 2:00 PM ET
    2 reasons yields will incline: Pro

    Jeff Rosenberg, BlackRock, is not surprised by the huge move in yields and discusses where investors should go.

  • Oil set to spike? Tuesday, 9 Jun 2015 | 1:22 PM ET
    Oil set to spike?

    John Kosar, Asbury Research, looks at the charts to see where oil might be headed.

  • *Brent nears $65 a barrel, U.S. crude edges toward $60. U.S. crude inventories likely fell for a sixth straight week in the week ended June 5, data from industry group American Petroleum Institute is expected to show later on Tuesday before official numbers on Wednesday from the government's Energy Information Administration. Brent futures were up $1.88, or 3...

  • *Brent near $65 a barrel, U.S. crude near $60. U.S. crude inventories likely fell for a sixth straight week in the week ended June 5, data from industry group American Petroleum Institute is expected to show later on Tuesday before official numbers on Wednesday from the government's Energy Information Administration. Brent futures were up $2, or 3.2 percent, at...

  • Saudi ministry: higher oil output driven by demand Tuesday, 9 Jun 2015 | 10:18 AM ET
    Saudi Arabian Oil Minister Ali al-Naimi

    Saudi Arabia's oil ministry said the rise in its oil production was due to increased global demand, not to compensate for lower oil prices.

  • OIL PRICES EXTEND GAINS IN EARLY NEW YORK TRADE, BRENT CRUDE UP $2 A BARREL.

  • Why does HSBC like Mexico, but want to quit Brazil? Tuesday, 9 Jun 2015 | 8:10 AM ET
    A worker looks up while changing a drill pipe on the Laurus oil drilling rig operated by Petroleos Mexicans (Pemex) in the Ku-Maloob-Zaap oilfield at Campeche Bay off the coast of Ciudad del Carmen, Mexico.

    Headlines about Mexico have been dominated by violence, corruption and weak growth. However, the country's fortunes may be revived, with banks like HSBC interested in investing.

  • LONDON, June 9- Oil prices rose above $64 a barrel on Tuesday as higher seasonal demand in developed economies and expectations of falling U.S. shale production reduced the impact of a large global supply overhang. Brent for July delivery was up $1.67 at $64.36 a barrel at 1139 GMT, having settled down 62 cents in the previous session. Demand for oil tends to...

  • Market's 'memory' reveals next move for oil Tuesday, 9 Jun 2015 | 6:00 AM ET
    Shell Oil's drilling rig Polar Pioneer in Port Angeles, Wash., on May 12, 2015.

    Chart analyst John Kosar provides historical context on the price of oil in order to find where it may be headed next.

  • *As OPEC keeps output level, eyes on Iraq, Iran supply- analysts. Brent for July delivery was up 95 cents to $63.64 a barrel as of 0846 GMT, having settled down 62 cents in the previous session. Demand for oil tends to increase in the summer months as drivers take to the roads for holidays in Europe and the United States.

  • *China's May consumer inflation weakens more than expected. *As OPEC keeps output level, eyes on Iraq, Iran supply- analysts. Brent for July delivery was up 95 cents to $63.64 a barrel as of 0846 GMT, having settled down 62 cents in the previous session.

  • UPDATE 1-Oil prices rise on hopes for China stimulus Monday, 8 Jun 2015 | 10:39 PM ET

    *Eyes on supply side, including Iraq and Iran- analyst. SEOUL, June 9- Oil prices edged up on Tuesday on hopes of more economic stimulus in China after disappointing data from the world's No.2 economy. Front month U.S. crude climbed 26 cents to $58.40 a barrel by 0235 GMT, after ending the previous session down 99 cents.