An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
Crude oil has been a roller coaster of a trade in 2015, but has gained only slightly for the month of February. While gains lately may be minimal, after falling for seven straight months, those gains have had some major impact on markets globally.
So where is oil headed and what should you be waiting for?
Two strategists with opposing outlooks share their game plan with CNBC's "Power Lunch" on Wednesday.
"We don't think oil will go much lower or go back to $100 a barrel anytime soon," said Strategic Wealth Partners Founder and President, Mark Tepper. "In fact, 13 percent of our stock positions are in energy." Tepper's firm owns Spectra and Chevron. He plans to hold them for a while, and notes that they pay great dividends.
Our opposing strategist plans to wait for more evidence of a turnaround in oil prices.
LPL Financial Investment Strategist and Economist John Canally plans to "watch production and inventories most closely in addition to capital spending plans, rig counts, earnings revisions, valuations, and technicals." Canally believes that earnings cuts may have been played out and while the sector looks reasonably priced, other indicators they're watching tell them to wait.
On Wednesday during Power Lunch, crude oil was trading at $49.92, while Spectra Energy and Chevron were both trading higher.