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Energy Commodities Oil

  • Will OPEC's output cut be extended?

    Victor Shum, IHS Energy Insight, says the writing is on the wall that the bloc will to extend its output cut agreement.

  • 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...

  • *Rising U.S. oil exports undermine OPEC efforts to tighten market. SINGAPORE, April 6- Oil prices fell on Thursday as record U.S. crude inventories underscored that crude markets remain bloated, despite efforts led by OPEC to cut output and prop up prices. Brent crude futures, the international benchmark for oil, were at $54.07 per barrel at 0310 GMT, down 29 cents, or...

  • A Shell Oil facility in Carson, California

    Oil prices edged up on Thursday after recovering from losses triggered by record high U.S. crude inventories.

  • SINGAPORE, April 6- Oil prices fell on Thursday as record U.S. crude inventories underscored that markets remain bloated by high production and brimming storage despite efforts led by OPEC to cut output and prop up prices. Brent crude futures, the international benchmark for oil, were at $54.09 per barrel at 0124 GMT, down 27 cents, or 0.5 percent, from their last...

  • *Canadian dollar at C $1.3427, or 74.78 U.S. cents. TORONTO, April 5- The Canadian dollar edged lower on Wednesday against the greenback as oil prices eased off one-month highs, while minutes from the Federal Reserve's latest meeting supported the view that Canadian and U.S. monetary policy will diverge. Oil is one of Canada's major exports.

  • Commodities tomorrow:

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

  • *Outage at North Sea oilfield supports Brent. NEW YORK, April 5- Oil prices settled a shade firmer on Wednesday, easing from one-month highs, as support from an outage at the largest UK North Sea oilfield was offset by a surprise increase in U.S. crude inventories to a record high limited price gains. Analysts had expected a decrease of 435,000 barrels, and the build...

  • Trading Nation: Worst over for energy?

    Boris Schlossberg, BK Asset Management, and Dennis Davitt, Harvest Volatility Management, discuss the trend in oil and gas stocks with Brian Sullivan.

  • *Outage at North Sea oilfield supports Brent. NEW YORK, April 5- Oil prices eased from one-month highs on Wednesday, as support from an outage at the largest UK North Sea oilfield was offset by a surprise increase in U.S. crude inventories to a record high limited price gains. Crude exports dropped to 575,000 bpd this week, versus over 1 million bpd last week, "said David...

  • *Outage at North Sea oilfield supports Brent. NEW YORK, April 5- Oil prices eased from one-month highs on Wednesday, as support from an outage at the largest UK North Sea oilfield was offset by a surprise increase in U.S. crude inventories to a record high limited price gains. Crude exports dropped to 575,000 bpd this week, versus over 1 million bpd last week, "said David...

  • April 5- U.S. crude stocks unexpectedly rose last week to a fresh record high, while gasoline and distillate inventories fell less than expected, the Energy Information Administration said on Wednesday, interrupting a recent string of bullish news for the oil market. West Texas crude futures up just 22 cents at $51.25 a barrel by 10:54 a.m. EDT; the contract...

  • OIL REVERSE GAINS, U.S., BRENT CRUDE TURN NEGATIVE AFTER EIA DATA.

  • Crude oil inventories up 1.57M barrels

    CNBC's Jackie DeAngelis reports the latest crude oil and gasoline inventories from the EIA.

  • OIL PRICES PARE GAINS AFTER EIA DATA SHOWS SURPRISE BUILD IN U.S.

  • BRENT CRUDE EXTENDS GAINS, RISES TO $55 A BARREL FOR THE FIRST TIME SINCE MARCH 8.

  • *Canadian dollar at C $1.3389, or 74.69 U.S. cents. barrel, helped by a fall in U.S. crude inventories and an outage at Britain's largest North Sea oilfield. Oil is one of Canada's major exports.

  • *Outage at North Sea oilfield supports Brent. LONDON, April 5- Oil hit a one-month high near $55 a barrel on Wednesday as a fall in U.S. crude inventories raised hopes OPEC- led supply cuts were clearing a glut, while an outage at the largest UK North Sea oilfield lent support. Global benchmark Brent crude was up 70 cents at $54.87 a barrel by 1334 GMT.

  • *Outage at North Sea oilfield supports Brent. LONDON, April 5- Oil hit a one-month high near $55 a barrel on Wednesday as a fall in U.S. crude inventories raised hopes OPEC- led supply cuts were clearing a glut, while an outage at the largest UK North Sea oilfield lent support. U.S. crude inventories fell by a more-than-expected 1.8 million barrels last week, American...

  • The West Phoenix oil platform, operated by Seadrill Norge AS, right, stands with other unused platforms in the Port of Cromarty Firth in Cromarty, U.K.

    Producers of liquefied natural gas (LNG) have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition.