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Energy Commodities Oil

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  • SINGAPORE, May 6- Oil prices edged up on Wednesday towards 2015 highs reached in the previous session, supported by a weaker dollar and a disruption to crude exports in Libya. *U.S. crude for June delivery traded 43 cents higher at $60.83 a barrel by 0033 GMT. *Brent crude for June delivery was 24 cents higher at $67.76 a barrel, below its 2015 peak of $68.40 reached on...

  • Gartman: Einhorn wrong on oil Tuesday, 5 May 2015 | 5:33 PM ET
    Gartman: Einhorn wrong on oil

    Dennis Gartman of The Gartman Letter, explains the term structure in futures does not predict where oil prices will go.

  • PXD reports EPS miss, revenue beats Tuesday, 5 May 2015 | 5:32 PM ET
    PXD reports EPS miss, revenue beats

    CNBC's Kate Rogers has the details on Pioneer Natural Resources' earnings.

  • Data reported Wednesday Tuesday, 5 May 2015 | 4:55 PM ET
    Data reported Wednesday

    ADP employment, labor cost and oil inventory data to be reported this Wednesday, CNBC's Patti Domm discusses what to expect.

  • Commodities tomorrow: Crude grinds higher Tuesday, 5 May 2015 | 4:00 PM ET
    Commodities tomorrow: Crude grinds higher

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude crossed and closed over $60 today.

  • Rising gas prices will 'cool off': Expert Tuesday, 5 May 2015 | 3:38 PM ET
    Gas pump gasoline prices

    Gas prices will start to fall in the coming weeks as issues at some U.S. refineries are resolved, an industry expert said.

  • Summer at the pump Tuesday, 5 May 2015 | 2:03 PM ET
    Summer at the pump

    Patrick Dehaan, Gasbuddy.com analyst, shares his forecast for gas prices as crude oil prices rise.

  • Unprecedented instability in Middle East: Expert Tuesday, 5 May 2015 | 2:03 PM ET
    Unprecedented instability in Middle East: Expert

    Helima Croft, RBC Capital Markets, discusses conditions in the Middle East, and the price of oil.

  • Saudi Oil Min: Not worried about Iran crude Tuesday, 5 May 2015 | 2:01 PM ET
    Saudi Oil Min: Not worried about Iran crude

    CNBC's Hadley Gamble spoke to Saudi Arabia's oil minister Ali Al-Naimi about the price of oil and whether he's concerned about Iranian oil coming to market.

  • Breaking down oil's recent rally Tuesday, 5 May 2015 | 1:01 PM ET
    Oil rally for real?

    CNBC's Jackie DeAngelis looks at the surge in the price of crude.

  • Frack attacked, do the traders agree? Tuesday, 5 May 2015 | 12:41 PM ET
    Frack attacked, do the traders agree?

    Discussing the value in energy stocks like EOG Resources and Pioneer Resources, with the FMHR traders, and Rich Pzena, Pzena Investment Management. Terranova thinks EOG Resources is one of the "survivors" in the oil market.

  • Pzena's oil outlook Tuesday, 5 May 2015 | 12:41 PM ET
    Pzena's oil outlook

    Rich Pzena, Pzena Investment Management, shares his view of the oil and gas industry, and consolidation in the space.

  • Oil hits $60; get ready for 'frack counterattack' Tuesday, 5 May 2015 | 12:06 PM ET
    Workers from Select Energy Services at a Hess fracking site near Williston, N.D.

    U.S. oil prices are heading into a sweet spot that could spur the fracking industry to crank up some of the drilling it shut down.

  • OTTAWA, May 5- Canada's trade deficit jumped to a record high C $3.02 billion in March from February as imports surged and weak crude prices helped curb exports, Statistics Canada data showed on Tuesday. Statscan revised February's deficit sharply higher to C $2.22 billion from an initial C $984 million, citing a sharp downward revision in energy exports.

  • LONDON, May 5- U.S. gasoline demand is running around 300,000 barrels per day above last year's level, as lower pump prices and continued economic expansion encourage motorists to use their cars more. Estimates for gasoline supplied to U.S. customers published by the Energy Information Administration show demand consistently running above the same point in...

  • *U.S. CRUDE UP $2 A BARREL, EXTENDING EARLY GAINS Tuesday, 5 May 2015 | 10:52 AM ET
  • Saudi Arabia unveils new Kingdom Tower Tuesday, 5 May 2015 | 10:26 AM ET
    Saudi Arabia unveils new Kingdom Tower

    NBC's Hadley Gamble reports the Saudi oil minister is not worried about Iranian crude coming on the market. She also reports on the progress of Saudi Arabia's Kingdom Tower, the tallest tower in the world.

  • LONDON, May 5- Saudi Arabia kept June prices for its benchmark Arab Light crude unchanged for Asian buyers, looking to defend market share amid stiff competition, while raising prices for Europe to reflect a price rally in rival grades in recent weeks. It needs to balance its own needs with those of customers across the globe who might ask for too much if it was...

  • *No policy change seen at June 5 OPEC meeting- delegates. *OPEC delegates cite higher prices, stronger oil demand. LONDON/ DUBAI, May 5- OPEC countries are set to maintain current production levels at a meeting next month, three delegates said, as Gulf states continue to focus on market share and a rally in crude prices mutes calls from other members for supply cuts.

  • Rosneft chief earns up to $4.7M in basic salary Tuesday, 5 May 2015 | 10:21 AM ET
    Russian President Vladimir Putin, right, listens to Igor Sechin, CEO of state-controlled Russian oil company Rosneft, during Russian-Armenian talks in Yerevan, Armenia, Dec. 2, 2013.

    The head of Russia's Rosneft earns at least 15-20 million rubles a month, the oil company said on Tuesday, disclosing Igor Sechin's basic salary after President Vladimir Putin encouraged greater wage transparency.