International Organizations OPEC

  • Commodities tomorrow: Crude pulls back

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down slightly on the day as traders expect a bigger build in inventories and Saudi Arabia kept its output high.

  • A file photo shows an Iranian worker at the South Pars field in the southern Iranian port town of Asaluyeh.

    There is downside risk to oil prices in the second quarter as Saudi Arabia increases productions levels, a Barclays analyst said Monday.

  • A worker at the Nahr Bin Umar field, Iraq.

    WTI closed up 32 cents after a tribal group made up of former Al Qaeda militants took control of a major oil terminal in Yemen.

  • A worker on the Endeavor Energy Resources Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas.

    The idea that crude oil could crater in the next couple of weeks is being challenged as oil futures bounce off 2015 highs and are now up 17 percent this month.

  • Commodities tomorrow: Crude continues climb

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Traders are looking for oil's upside momentum to continue after a smaller than expected EIA inventory build.

  • Traders work on the floor of the New York Stock Exchange.

    Early morning earnings reports from major financial companies and a few economic reports could set the tone for Wednesday's markets.

  • Traders work on the floor of the New York Stock Exchange.

    Early morning earnings reports from major financial companies and a few economic reports could set the tone for Wednesday's markets.

  • Commodities tomorrow: US crude will slow

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude closed above $53 today, mostly due to geopolitical instability and EIA data showing shale output was down.

  • Commodities tomorrow: Oil up, gas down?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil bounced around a bit today before settling slightly higher.

  • Oil Iraq OPEC

    OPEC published a stinging critique of oil-producing countries that refused to follow its lead in holding back supply in an effort to boost prices.

  • Commodities next week: Crude bounces on rig counts

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The rate of oil rig shutdowns has picked up again. That and geopolitical concerns in the Middle East pushed oil slightly higher.

  • Rusted out 'pump-jacks' in the oil town of Luling, Texas.

    Crude prices held gains after Baker Hughes reported drillers increased the pace of rig reductions in U.S. oilfields after two weeks of thin declines.

  • An oil well in the Permian Basin in Garden City, Texas, on Feb. 5, 2015.

    Oil settled at $50.42 a barrel after government data showed the largest weekly increase in US crude inventories since 2001.

  • Traders work on the floor of the New York Stock Exchange.

    Markets expect to hear from a dovish Fed Wednesday, while a bubbling up of oil prices makes weekly U.S. inventory data a bigger than normal focus.

  • Traders work on the floor of the New York Stock Exchange.

    Markets expect to hear from a dovish Fed Wednesday, while a bubbling up of oil prices makes weekly U.S. inventory data a bigger than normal focus.

  • Commodities tomorrow: Oil up on Yemen

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day as Saudi airstrikes reportedly hit civilians, and an EIA report said demand for oil was picking up.

  • Commodities tomorrow: Crude creeps higher

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day as the Saudis raised prices in Asia. Also, traders don't believe Iranian oil will come on line until 2016.

  • Rusted out 'pump-jacks' in the oil town of Luling, Texas.

    An economist tells CNBC that negotiations that could lead to sanctions relief for Iran could also be bearish for oil prices.

  • Commodities tomorrow: Crude over $50

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil spiked at the end of the day, ending over $50/barrel. The inventory numbers weren't as high as expected and US production has declined.

  • Commodities tomorrow: Iranian oil on the way?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down for the third straight day, due to dollar strength, an increase in OPEC output, and the possibility of a nuclear deal with Iran.