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Energy Commodities Oil

  • *Brent up 19 pct, WTI up 16 pct since OPEC deal on Nov. 30. LONDON, Dec 5- Brent crude oil rose above $55 a barrel on Monday, trading at a 16- month high, on rising prospects of a tightening market after OPEC agreed a landmark deal to cut production last week. "OPEC sentiment continues to support oil markets.

  • Gold silver and dollar

    Classic inflation hedges, like gold, may not work as well as they have in previous economic cycles. Inflation-protected bonds may do better.

  • Sen. Heitkamp: Dems stand for investment in people

    Sen. Heidi Heitkamp, (D-ND), discusses why she is a Democrat.

  • Sen. Heitkamp: We spent a lot of time talking about  jobs

    Sen. Heidi Heitkamp, (D-ND), discusses her meeting with President-elect Donald Trump.

  • Stocks to Watch: December 5, 2016

    McDonald's, Apple, Energy Transfer Partners and Sunoco stocks are making headlines this Monday morning.

  • Dec 5- U.S. stock index futures were higher on Monday as oil prices topped $55 a barrel for the first time in 16 months, and investors shrugged off the defeat of a referendum in Italy for constitutional reforms. *Futures lost ground slightly on Sunday after Italian Prime Minister Matteo Renzi said he would resign following the rejection. *Brent crude prices rose...

  • Protesters celebrate Dakota pipeline victory

    The Army Corp of Engineers is turning down a permit to run a controversial pipeline through North Dakota, in a victory for Native Americans and climate activists.

  • *OPEC, Russia announced 2017 oil production cut last week. SINGAPORE, Dec 5- Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Traders said price falls were triggered by...

  • NEW YORK, Dec 5- BP Plc's decision to move ahead with a $9 billion project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward with U.S. offshore plans postponed during crude's price rout. Exploration and development of new wells in the Gulf slowed as crude prices cratered from over $100 a barrel in 2014 to a low of $26.05 early...

  • Mark II Unitorque electric pumping unit at a crude oil well site outside South Heart, North Dakota.

    Brent crude oil prices rose above $55 a barrel as optimism spread about the prospect of a tightening market.

  • *OPEC, Russia announced 2017 oil production cut last week. SINGAPORE, Dec 5- Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Traders said price falls were triggered by...

  • Expect US shale production rebound next year: Expert

    U.S. shale producers will produce more but the OPEC cuts are still meaningful in reducing the global stockpile, says Alejandro Barbajosa at Argus Media.

  • In this Sept. 7, 2014, photo, new pipelines to carry gas from Texas to Mexico, eventually reaching the city of Guanajuato, are laid underground near General Bravo, in Nuevo Leon state, Mexico.

    Amid all the talk about border security and NAFTA renegotiation, natural gas is the one element that both the U.S. and Mexico can agree on.

  • *Oil reverses loss, marks strong week in wake of OPEC deal. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices edged higher on Friday above $51 a barrel with Brent crude on track for its biggest weekly rally since 2009 following OPEC's decision to cut crude output in order to rein in a global glut. After the deal was announced on Wednesday, the market focused on the implementation and impact of...

  • Oil jumps on expected extension of Iran sanctions

    WTI crude oil rises to a session high after the White House says it expects President Barack Obama to sign a bill extending Iran sanctions. CNBC's Seema Mody reports.

  • RIG-OL-USA- BHI> Since crude prices recovered from 13- year lows to around $50 a barrel in May, drillers have added a total of 161 oil rigs in 24 of the past 27 weeks, its biggest recovery since a global oil glut crushed the market over two years. The Baker Hughes oil rig count plunged from a record 1,609 in October 2014 to a six-year low of 316 in May as U.S. crude collapsed...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices edged higher on Friday, steady above $51 a barrel, with Brent crude on track for its biggest weekly rally since 2009, following OPEC's decision to cut crude output in order to rein in a global glut. After the deal was announced on Wednesday, the market will focus on the implementation...

  • Roller coaster

    OPEC removed uncertainty from the market by delivering an output cut deal, but crude price volatility is likely to persist.

  • *Global stocks tread water ahead of Italy referendum. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...