Though some predict oil will rise to $60 this year, consultant Andy Lipow says the market is acting more like the movie "Groundhog Day."
Preliminary data from the American Petroleum Institute showed a surprise build in U.S. gasoline stocks.
Saudi Arabia just made it much more likely that OPEC and other oil producers will take action if crude prices weaken.
Venezuela issued a decree that "effectively amounts to forced labor" in an attempt to stabilize a food shortage, says an Amnesty International report.
Colombia's oil-reliant economy appears to be navigating global uncertainty that has hammered places like Venezuela and Brazil.
As his country's economy implodes around him, Venezuelan strongman Nicolas Maduro has resorted to what may be a last-ditch effort to stay in power.
Does the elevation of a military man to the number two position in the government show the military is trying to take control of the government? Michelle Caruso-Cabrera reports.
Citigroup shares rose nearly 2.5 percent after the global bank said its unit would cease the servicing of certain accounts in Venezuela.
Canadian and Nigerian oil supply is returning but is offset by pockets of geopolitical risk around the world, says ClipperData's Matt Smith.
Analysts discussed the outcomes they believe will result from Maduro's approach to dealing with the Venezuelan crisis.
That gap in price forecasts is important. If an investor believes oil prices will peak next year, the case for buying into energy stocks becomes more urgent.
An alarming number of Venezuelans say they do not have money to buy enough food, according to the most recent assessment of living standards by Simón Bolívar University.
With delivery trucks under constant attack, the nation's food is now transported under armed guard. Venezuela is convulsing from hunger.
RBC Capital's Helima Croft describes the condition of the country's economy as a 'humanitarian catastrophe.'
Helima Croft puts Venezuela on RBC's OPEC watch list due to predictions of political instability and declining oil sales.
Discussing chaos in Venezuela, and trouble spots for oil production, with Helima Croft, RBC Capital Markets.
Venezuelan Opposition Member Carlos Vecchio says a military coup would be a disaster in his country.
CNBC's Michelle Caruso-Cabrera sits down with Venezuelan opposition member Carlos Vecchio to talk about the country's ongoing political and economic crisis.
CNBC's Michelle Caruso-Cabrera reports on Venezuela's declining oil industry and economy in crisis.
Oil producers from Angola to Venezuela are buckling under a production policy that was pushed by Saudi Arabia.