Danger on the rails?

A massive fire from a derailed train carrying crude has some wondering how the commodity can be safely transported.

Jamie Schwaberow | Bloomberg | Getty Images
A contractor works in the control room at an Anadarko Petroleum Corp. oil rig site in Fort Lupton, Colorado.

The news on oil is still mostly bearish—BP announced a $3 billion cut in capital expenditures for 2015 on Tuesday—but analysts and strategists are again trying to call a bottom. Raymond James’ Jeff Saut told CNBC Monday that oil has indeed found a bottom. This morning, following a disappointing earnings report from Anadarko Petroleum, Stifel …

branex | iStock | Getty Images

After countless oil price downgrades, analysts at Goldman Sachs have cut their outlook for the commodity sector as a whole. Goldman downgraded commodities on Wednesday—including energy, metals, agriculture and livestock—to “underweight” from “neutral” on a 3-month basis. “Despite the large declines in commodity prices, we see risks as still skewed to the downside over the …

Dean Hutton | Bloomberg | Getty Images
Soybean harvest

Oil isn’t the only commodity that’s gotten cheaper. From nickel to soybean oil, plywood to sugar, global commodity prices have been on a steady decline as the world’s economy has lost momentum. That lower demand helps explain, in part, why nearly everything from crude oil to cotton has been getting cheaper. Sure, some commodity prices …

Tom Grill | Age Fotostock | Getty Images

Risk aversion among year-end buyers and short-covering boosted gold futures, but the rally could be short-lived, with the stronger dollar keeping a lid on further gains. Gold futures jumped more than 2 percent, breaking above the key $1,200-per-ounce level, as traders used a weaker dollar Tuesday as an excuse to buy. Worries about Greece’s election …

Getty Images

Call it the perfect nonstorm. Natural gas was cratering Monday, as mild weather forecasts compound a supply surplus and a general energy market swoon. Nat gas futures were as low as $3.12 per million British thermal units, which is the lowest level since January 2013, and represents a decline of 15 percent in two trading …


Crude oil is hitting new lows, with WTI falling as low as $58.80 per barrel in early Friday trading. This, in turn, has crushed energy stocks. But one big trader seems to believe that the selling has produced a fat opportunity, and is now betting millions on an energy turnaround. In a large trade Thursday …

Ty Wright | Bloomberg | Getty Images

Several of the world’s key commodities — including oil, gas, gold and corn — have been suffering the worst months of trading since the commodities crash of 2008. Back then, the main reason for downturn in prices was obvious: the credit crisis and subsequent panic about global economic growth. Yet today, while global growth is …

Goldman Sachs gets grilled on aluminum prices

Lawmakers go after Goldman Sachs, accusing it of manipulating the prices of aluminum.


Chocoholics beware! A chocolate shortage looms: Report Bad news: chocolate, the delicacy of choice for children, chocoholics and depressives everywhere, has become increasingly expensive. Now comes even worse news: global supplies of the brown stuff are becoming increasingly scarce, according to one report. The Washington Post reported on Saturday that due to a host of …

Winter chill for natural gas?

A winter weather blast across much of the U.S. this week has sent the price of natural gas spiking higher, weeks before the official start of winter.

Andrey Rudakov | Bloomberg | Getty Images

If oil prices stay where they are now, Russia’s economy could be in serious trouble and could face recession in the coming year, analysts warn. Sergei Guriev, a former advisor to the Russian government, told CNBC that, should oil prices stay at their near-record lows of around $82 a barrel, Russia, which is basing its …

Farah Nosh | Getty Images
An oil refinery in Kenai, Alaska.

The recent drop in oil prices is providing relief to consumers’ budgets in the form of lower gasoline prices. But if you happen to live in a region that’s a big energy producer, falling oil prices may soon take a bite out of your state’s budget. Take Alaska. The state, which relies on oil taxes …

Oil prices continue to decline

The price of oil fell below $80 a barrel during the trading day. That’s good news for drivers, but could be bad news for parts of the job market.

How low will oil go

Oil prices continue to slide, which is good for consumers, but bad for producers.