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Energy Commodities Oil

  • Oil prices hit a one-month high after the United States attacked a Syrian government airbase, sending shockwaves through global markets.

  • SINGAPORE, April 7- Oil prices soared on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. A U.S. official said more than 50 Tomahawk cruise missiles were fired from U.S. Navy destroyers in the eastern Mediterranean against several targets on a base in Homs. After tepid trading before the news, Brent crude futures, the...

  • SINGAPORE, April 7- Oil prices dipped on Friday as ongoing concerns about oversupply outweighed an OPEC- led production cut and strong refinery activity. Brent crude futures, the international benchmark for oil, were at $54.85 per barrel at 0109 GMT, down 4 cents from their last close. Both figures, however, were higher than at any time during the second half of 2016,...

  • SINGAPORE, April 7- Oil prices dipped on Friday as ongoing concerns about oversupply outweighed an OPEC- led production cut and strong refinery activity. Brent crude futures, the international benchmark for oil, were at $54.85 per barrel at 0109 GMT, down 4 cents from their last close. Both figures, however, were higher than at any time during the second half of 2016,...

  • *Nexen reduces output at Long Lake by 48 percent- sources. CALGARY, Alberta/ NEW YORK, April 6- Two oil sands producers in northern Alberta have cut production at their facilities due to a shortage of synthetic crude, market sources said on Thursday, causing Canadian and U.S. crude prices to surge to multi-year highs. CNOOC Ltd subsidiary Nexen Energy, which likewise...

  • Energy is the 'trap that keeps on trapping': Technical analyst

    Carter Worth, Cornerstone Macro, goes to the charts to explain why it is time to sell energy. With the "Fast Money" traders.

  • *Syncrude oil sands in Alberta shut after fire. NEW YORK, April 6- Oil prices rose by 1 percent on Thursday, posting a fourth straight day of gains, but analysts remained cautious about record-high U.S. crude inventories. Brent crude futures settled up 53 cents, or 1 percent, at $54.89 a barrel.

  • BP slashes CEO Bob Dudley's pay by 40% for 2016

    Energy giant BP slashes CEO Bob Dudley's 2016 pay package by 40 percent.

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • *Syncrude oil sands in Alberta shut after fire. NEW YORK, April 6- Oil prices rose more than 1 percent on Thursday, on track for a fourth straight day of gains, but analysts remained cautious about record-high U.S. crude inventories. Brent crude futures gained 61 cents, or 1.1 percent, to $54.97 a barrel by 2:21 p.m. EDT.

  • A customer pumps fuel at a Sunoco gas station in Rockbridge, Ohio, Dec. 17, 2014.

    Sunoco announced a $3.3 billion deal to sell most of its gas station convenience stores to 7-Eleven on Thursday.

  • *Syncrude oil sands in Alberta shut after fire. NEW YORK, April 6- Oil prices rose nearly 1 percent on Thursday, on track for a fourth straight day of gains, but analysts remained cautious about record-high U.S. crude inventories. Brent crude futures gained 43 cents, or 0.8 percent, to $54.80 a barrel by 10:57 a.m. EDT.

  • LAUNCESTON, Australia, April 6- Saudi Aramco's decision to cut prices for lighter grades of oil for customers in Asia is a sign of just how seriously the world's top crude exporter is taking its battle with U.S. shale and other producers outside last year's move to cut output. This took the OSP to a discount of 45 cents a barrel to the regional benchmark Oman- Dubai.

  • LONDON, April 6- Oil prices rose on Thursday, on track for a fourth consecutive daily gain, after recovering from losses triggered by record high U.S. crude inventories. Brent crude futures were up by 20 cents on the day at $54.56 a barrel by 1100 GMT, while U.S. West Texas Intermediate crude futures were up 13 cents at $51.28 a barrel.

  • NEW YORK, April 6- Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buyers out of Asia and shale companies locking in output, both of whom have shown an affinity for far-dated contracts, the CME Group Inc said on Thursday. Shale has since emerged as a resilient rival to the Organization of the Petroleum Exporting Countries...

  • LONDON, April 6- Oil prices edged up on Thursday, on track for a weekly gain of 3 percent, after recovering from losses triggered by record high U.S. crude inventories. Brent crude futures were up by 6 cents on the day at $54.42 a barrel by 0852 GMT, while U.S. West Texas Intermediate crude futures were up 1 cent at $51.16 a barrel.

  • SINGAPORE, April 6- Oil prices fell on Thursday as record U.S. crude inventories underscored that markets remain bloated, although traders said there were signs that other regions were gradually tightening. Brent crude futures were at $54.20 per barrel at 0708 GMT, down 16 cents, or 0.28 percent, from their last close. West Texas Intermediate crude futures were...

  • LAUNCESTON, Australia, April 6- Saudi Aramco's decision to cut prices for lighter grades of oil for customers in Asia is a sign of just how seriously the world's top crude exporter is taking its battle with U.S. shale and other producers outside last year's move to cut output. This took the OSP to a discount of 45 cents a barrel to the regional benchmark Oman- Dubai.

  • *OPEC trying to help market rebalance, ease oversupply. LONDON, April 6- The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply. The five top traders, who also include Mercuria and Trafigura, expect OPEC to extend output cuts into the...

  • SINGAPORE, April 6- Oil prices fell on Thursday as record U.S. crude inventories underscored that markets remain bloated, although traders said there were signs that other regions were gradually tightening. Brent crude futures were at $54.09 per barrel at 0530 GMT, down 27 cents, or 0.5 percent, from their last close. West Texas Intermediate crude futures were...