oil prices

Meta Platforms Inc. (NASDAQ: META) is no longer among the top 10 most valuable companies in the world as its market cap fell to $366.61 billion with shares of the company closing 3.67% lower on Thursday. What Happened: Meta has moved to the 12th position among companies with top market cap...

Back in February, when Russia launched its invasion of Ukraine, a victory for Kyiv would have been almost impossible to imagine. It's the classic David and Goliath. Recent developments on the battlefront, however, are starting to paint a different picture, showing the possibility of Ukraine...

Television personality and author Jim Cramer said the speed of decline in oil refutes the theory that inflation has not peaked yet. “The inflationistas simply refuse to believe it could have peaked regardless of the evidence,” Cramer tweeted. The speed of the decline in oil i think puts...

One of the key takeaways from Chevron Corporation's (NYSE: CVX) earnings report is its commitment to protecting dividends as its "financial priorities have not changed," CEO Michael Wirth said on CNBC's "Squawk Box." Chevron reported quarterly earnings of $1.93 per...

Oil prices were lower by nearly 10% Monday morning and likely have more downside potential as we will "likely see negative demand" for the commodity this year, BP (NYSE: BP) CFO Brian Gilvary said on CNBC. What Happened BP was modeling as early as February demand for oil to weaken by 300,...

Saudi Arabia was not bluffing when it said it would focus on crude-oil market share. New tanker charter contracts at extremely high rates confirm that a large wave of Saudi oil is definitely en route. Rates for VLCCs (very large crude carriers; tankers that carry 2 million barrels of crude oil)...

Oil stocks could rebound if Saudi Arabia and Russia resolve their differences and "save OPEC," and investors should take advantage of any near-term gains by selling their position, according to Jim Cramer. Cramer Advises Selling Oil Names With 'Terrible Balance Sheets' Saudi...

Zach Strickland examines a surge in truckload volumes before diving into the Ontario, CA market in the Carrier Update presented by PowerFleet, Donny Gilbert uses the weighted rejection index to showcase market shifts in the Broker Update, and Mike Baudendistel discusses the impacts of the oil price...

OPEC and its allies "failed miserably" at reaching a consensus during last week's Vienna meeting, although it occurred in part due to differing objectives, JBC Energy Group Chairman Johannes Benigni said on CNBC. Saudi Arabia's ruling monarchy wants to see oil prices trade "...

Oil's plunge, coupled with a nosedive in U.S. stock futures and bond yields trading near the 0.3% level, represents "unchartered waters" and signals an "imminent recession," according to CNBC's Jim Cramer. Cramer Says Move Down 'Unprecedented' Cramer took to...

Growing Middle East tensions in reaction to the U.S. military's targeted killing of Qasem Soleimani, Iran's top general, doesn't mean investors should rush to pick any oil stock. Jim Cramer said Friday on "Mad Money" that only three oil names are worth buying. Oil...

Oil prices have climbed back from their earlier highs after surging on news of deeper cuts agreed to by the Organization of Petroleum Exporting Countries. OPEC, at its meeting in Vienna, agreed to deeper cuts than already have been in place. That agreement came Dec. 6 after a lengthy meeting that...

As hump day dawns, investors and traders seem to be looking for a catalyst now that earnings season is mostly behind us, the Fed’s rate cut is in the rear view, and we don’t have much in the way of trade war-related news this morning. Early indications suggest that the market could have...

Saudi Aramaco's initial public offering took a major step forward on Sunday and would likely need to address four sources of concern. Saudi Arabia values its state-owned oil company at $2 trillion but even a less generous $1.5 trillion would make it the world's largest IPO, CNBC reported....

Oil prices were pulling back from their earlier highs as the U.S. trading day began Friday, lifted overnight by what was said to be a missile attack on an Iranian tanker off the coast of Saudi Arabia. At its peak overnight Thursday and into Friday, WTI on CME was up 2.41% from Thursday's...