Oil was supported by expectations of increased demand after the U.S. jobless rate fell to a five-year low in the world's top oil consumer.» Read More
Thomas West, attorney for Norse Energy, discusses why the company will sue New York State if the environmental impact report on fracking is not released soon. He says he's sure fracking can be done safely.
Delta bought an oil refinery in 2012 to help control jet fuel costs and made a profit on the Pennsylvania facility for the first time in the third quarter.
The U.S. shale boom will create a virtuous cycle that may hold down energy costs and support the recovery, Goldman said on Friday.
Record cold temperatures and a threat of ice and wind have people preparing for possible power outages, reports The Weather Channel's Jim Cantore, with the latest detail on the winter storm.
President Barack Obama is ordering the federal government to nearly triple its use of renewable sources for electricity by 2020.
A recovering economy and cheaper prices at the pump have boosted U.S. gasoline demand in recent months, following five years of decline.
Iran's oil tanker fleet started enabled vessel tracking systems in a signal to customers that it's ready to return to world markets.
OPEC agreed on Wednesday to renew for the first half of 2014 a collective oil production cap of 30 million barrels a day, two OPEC delegates said.
Costco's November same-store sales fell short of analysts' expectations, as lower gas prices and weak currencies dampened an increase in net sales.
Saudi Arabia's oil minister downplays the threat of oversupply despite Iran looking to ramp up its production even if oil hits $20 a barrel.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
The U.S. trade deficit narrowed in October as exports hit a record high, pointing to a pick-up in global demand.
David Dietze, President & Chief Investment Strategist at Point View Wealth Management, says investors need to be selective going forward to make money.
Gerard Reid, partner at Alexa Capital, says that the U.K. imports an increasing amount of gas which is pushing up energy prices.
U.S. crude gained for a fifth straight session, as positive economic data hinted at a resurgence of demand for oil.
OPEC oil ministers are widely expected to hold oil output to nearly 30 million barrels daily after Iran announced it will increase its oil output, reports CNBC's Steve Sedgwick.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Gold jumped $25 today, mostly on "position squaring," she reports. All eyes are now on tomorrow's jobs number and what that means to the taper.
CNBC's Sharon Epperson reports oil closed above $96 per barrel, the highest price since the end of October. And TransCanda's key pipeline will be operational by January 3rd.
U.S. crude oil futures rose more than $1 on Wednesday as government data showed an unexpected draw in stockpiles.
WTI crude oil futures surged to a one-month high on expectations for the first decline in weekly U.S. crude supplies in nearly three months.