Peter Hutton, energy analyst at RBC Capital Markets, tells CNBC that oil prices are likely to remain at current levels due to the falling supply out of Iran.
Iran captured a U.S. drone that was flying in the country's airspace, its media reported on Tuesday. Iran said the aircraft had entered its airspace and would respond "decisively" to any encroachments into its airspace.
Oil held around $111 per barrel on Monday on signs China's economic growth was beginning to recover.
Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas, tells CNBC if sanctions tighten on Iran there will be less capacity in the market and it is more likely to be upwardly price sensitive.
A new report says Susan Rice's portfolio includes companies doing business with Iran, with Michael Rubin, American Enterprise Institute.
Alastair Newton, Senior Political Analyst, Nomura says that the polls are close ahead of Israel's elections next month and that there's a risk that Tel Aviv could cut off tax revenue from Palestine.
Read ahead to see the most expensive U.S. military programs currently under way.
In December, the U.S. military will have only one aircraft carrier in the Persian Gulf for the first time in two years. The Iranian navy said it was kicking off a military exercise in the region at that time. If talks scheduled between Tehran and the IAEA turn sour, there's potential for Iran to exploit the security vacuum for geopolitical gain.
Are Afghans perfectly capable of defending themselves like the President says they are? Bing West, Former Assistant Secretary of Defense, weighs in. "President Obama has an uphill climb ahead of him if he going to get back to a position of power in the Israel-Arab dynamic," he says.
Amrita Sen, chief oil analyst at Energy Aspects Ltd., tells CNBC that although there has been no physical disruption in the oil market during the Gaza conflict, there is fear that regional tensions between countries like Israel and Iran could lead to trouble.
A four-day gain in the S&P 500 greeted investors ahead of Thanksgiving, but the rally might not have much room to run, the CNBC “Fast Money” pros said Wednesday.
Rich Ilczyszyn, a "Futures Now" trader and founder of iiTrader, explains why he's selling oil now.
Secretary of State Clinton is making the rounds today in Jerusalem, Ramallah and Cairo, pursuing a ceasefire in the Israeli-Palestinian conflict, with NBC's Stephanie Gosk.
Jane Kinninmont, senior research fellow at Chatham House tells CNBC that the current conflict in Gaza is exposing the inadequacy of the existing UN system with regional players coming to the forefront instead.
Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas, tells CNBC that neither oil production areas nor transit points have been affected by the escalating conflict in Gaza.
Lars Steffensen, executive managing director at Ebullio Capital talks to CNBC about whether the conflict between Israel and Hamas in Gaza will have a wider impact on the oil price.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.
CNBC's Sharon Epperson reports there was no oil spillage in the Gulf of Mexico from the rig explosion, but traders are keeping an eye on reports Iran is doubling its uranium production.
CNBC's Sharon Epperson reports on an explosion on an oil rig in the Gulf of Mexico, and news Iran is doubling its production of the material used for nuclear weapons.