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Industry News

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Hurricane Matthew strengthens to Category 4 with 140 mph winds

Hurricane Matthew was expected to strengthen yet again Thursday as it crawled toward the United States.
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Brent hits 4-month high, WTI tops $50 as OPEC keeps output cuts in focus

Oil prices hit new highs going back to June after a surprisingly large drop in U.S. inventory levels provided support.
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Natural gas inventories up 80B cubic feet

CNBC's Jackie DeAngelis reports the latest read of EIA natural gas inventories.
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Hurricane Matthew may hit gasoline prices in ways you wouldn't guess

Gasoline prices could whipsaw in the coming weeks as Hurricane Matthew causes gyrations in supply and demand in the Southeast.
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Saudi oil price cuts ‘fly in the face’ of deal to limit OPEC output

Saudi Arabia's decision to cut crude oil prices raises serious questions about the kingdom's commitment to limiting production, analysts said.
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