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Crude Oil Rises Sharply; US Inflation Rate Holds Steady At 2.7%

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Sentiment: Neutral ()

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 200 points on Tuesday.

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image for news Crude Oil Rises Sharply; US Inflation Rate Holds Steady At 2.7%
US oil drilling to slow as prices slump, Venezuela growth could amplify pressure, EIA says

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Sentiment: Negative ()

Lower oil prices are expected to cut U.S. drilling activity and reduce output 1% this year from the top producing country, while potentially higher output from Venezuela could add pressure, …

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image for news US oil drilling to slow as prices slump, Venezuela growth could amplify pressure, EIA says
Ramping oil production in Venezuela will yield limited short-term gains, IEA says

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Sentiment: Neutral ()

Ramping up oil production in Venezuela after years of industry neglect will take time and bring only limited short-term gains, the chief energy economist at the International Energy Agency said …

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image for news Ramping oil production in Venezuela will yield limited short-term gains, IEA says
Venezuela reopens oil wells and resumes crude exports following Trump administration policy changes

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Sentiment: Positive ()

Venezuela oil exports reportedly resume as two supertankers carrying 1.8 million barrels each depart under Trump's new policy shift toward the country.

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image for news Venezuela reopens oil wells and resumes crude exports following Trump administration policy changes
Why oil prices are shrugging off geopolitical risks in Iran and Venezuela

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Sentiment: Neutral ()

Hennessy Energy Transition Fund portfolio manager, Ben Cook, joins Market Catalysts host Julie Hyman to explain oil's (CL=F, BZ=F) price action amid various geopolitical tensions. To watch more expert insights …

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image for news Why oil prices are shrugging off geopolitical risks in Iran and Venezuela
Venezuela security, policy reform needed for US oil industry to move in, API chief says

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Sentiment: Neutral ()

Workforce security and policy reform including contract sanctity are among the prerequisites that have to be in place in Venezuela for the U.S. oil industry to move in, American Petroleum …

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image for news Venezuela security, policy reform needed for US oil industry to move in, API chief says
The impact of Iran protests on global oil markets

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Sentiment: Neutral ()

CNBC's Pippa Stevens reports on the impact of civil unrest in Iran on oil.

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image for news The impact of Iran protests on global oil markets
Will take decades for Venezuela to produce millions of oil barrels daily: Rapidan's McNally

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Sentiment: Neutral ()

CNBC's "Power Lunch" team discusses President Trump's meeting with oil executives, what may be next for Venezuela's oil production and more with Helima Croft of RBC Capital Markets and Bob …

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image for news Will take decades for Venezuela to produce millions of oil barrels daily: Rapidan's McNally
Oil rises 3% this week — and not just because of Venezuela

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Sentiment: Positive ()

Control over Venezuela's oil has been in the spotlight all week, but developments in Iran are key to crude's latest rise.

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image for news Oil rises 3% this week — and not just because of Venezuela
If there was an oil supply glut, prices would be collapsing: Carlyle's Currie

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Sentiment: Neutral ()

CNBC's "The Exchange" team discusses commodities, including gold and oil, as well as President Trump's meeting with oil companies about Venezuela with Jeffrey Currie of the Carlyle Group.

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image for news If there was an oil supply glut, prices would be collapsing: Carlyle's Currie
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs Amid Concerns About Venezuelan Supply

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Sentiment: Neutral ()

Protests in Iran provide additional support to oil markets.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs Amid Concerns About Venezuelan Supply
Crude Oil Rises Sharply; US Consumer Sentiment Edges Higher In January

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Sentiment: Positive ()

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Friday.

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image for news Crude Oil Rises Sharply; US Consumer Sentiment Edges Higher In January
White House oil meeting on Venezuela includes independents, and strong links to Denver

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Sentiment: Neutral ()

The White House is summoning oil executives to discuss potential investment in Venezuela on Friday, and while a preliminary list of attendees features the big names of American oil - …

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image for news White House oil meeting on Venezuela includes independents, and strong links to Denver
Behind the scenes of who is attending Trump's oil executive meeting after Maduro operation

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Sentiment: Neutral ()

President Donald Trump meets with major oil companies after successful military operation captured Venezuelan president Nicolás Maduro and wife Cilia Flores on narcotics charges.

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image for news Behind the scenes of who is attending Trump's oil executive meeting after Maduro operation
Chevron competes with rivals for Venezuelan oil sales, sources say

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Sentiment: Neutral ()

U.S. oil major Chevron , global trading house Vitol and other oil traders, producers and refiners are competing to win deals for exports of Venezuelan crude as part of their …

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image for news Chevron competes with rivals for Venezuelan oil sales, sources say
Exclusive: Trump supporter and oil magnate Harry Sargeant advising US on Venezuela, sources say

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Sentiment: Positive ()

Billionaire energy entrepreneur and Republican donor Harry Sargeant III and his team are advising the Trump administration on how the U.S. can engineer a return of some American oil companies …

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image for news Exclusive: Trump supporter and oil magnate Harry Sargeant advising US on Venezuela, sources say
Embassies in Venezuela plan visits for American, European oil firms, sources say

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Sentiment: Positive ()

Foreign embassies in Venezuela are beginning to arrange visits for next week that will include representatives for American and European oil companies, two sources told Reuters, following the U.S. announcement …

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image for news Embassies in Venezuela plan visits for American, European oil firms, sources say
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Traders Focus On Supply Risks

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Sentiment: Negative ()

U.S. hunt for Venezuela-linked tankers and unrest in Iran raise supply worries.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Traders Focus On Supply Risks
Trump wants oil at $50. He thinks Venezuela can help — but oil drillers might not go along.

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Sentiment: Neutral ()

The president seeks to provide some relief at the nation's gas pumps, but some consider crude prices at $50 a barrel as too low for U.S. drillers.

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image for news Trump wants oil at $50. He thinks Venezuela can help — but oil drillers might not go along.
U.S. Push Into Venezuela Oil Patch Raises Questions About OPEC Dynamic

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Sentiment: Neutral ()

The prospect of increased U.S. influence over Venezuela's oil industry is raising questions about Washington's potential future role in OPEC, the cartel of global oil producers that President Trump has …

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image for news U.S. Push Into Venezuela Oil Patch Raises Questions About OPEC Dynamic
The Economics of Taking Venezuela's Oil: Low Risk, Low Reward

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Sentiment: Neutral ()

The world has changed, and controlling the country's oil now has only modest and uncertain benefits.

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image for news The Economics of Taking Venezuela's Oil: Low Risk, Low Reward
Exclusive: Vitol gets preliminary US license to begin negotiations on Venezuelan oil imports and exports, four sources say

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Sentiment: Neutral ()

Vitol, one of the world's largest commodity traders, has received a preliminary special license from the U.S. government to begin negotiations to import and export oil from Venezuela for 18 …

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image for news Exclusive: Vitol gets preliminary US license to begin negotiations on Venezuelan oil imports and exports, four sources say
Venezuela's PDVSA says oil supply negotiations with US progressing

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Sentiment: Positive ()

Venezuela's state-run oil company PDVSA said on Wednesday it is progressing in negotiations with the United States for oil sales, as a board member for the company told Reuters the …

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image for news Venezuela's PDVSA says oil supply negotiations with US progressing
Tracking the sanctioned oil tanker's attempt to escape seizure by the US

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Sentiment: Negative ()

For more than two weeks, Sky News' Data and Forensics team has plotted the movements of the US-sanctioned oil tanker Marinera.

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image for news Tracking the sanctioned oil tanker's attempt to escape seizure by the US
Trump reserves right to use military force to secure oil interests in Venezuela, White House says

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Sentiment: Negative ()

President Donald Trump reserves the right to use military force to protect U.S. oil workers in Venezuela, the White House said. Trump prefers diplomacy but he will do what is …

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image for news Trump reserves right to use military force to secure oil interests in Venezuela, White House says
What's at stake for investors when Trump meets oil bosses about Venezuela

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Sentiment: Neutral ()

Oil companies will need assurances that outlast Trump's time in White House.

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image for news What's at stake for investors when Trump meets oil bosses about Venezuela
‘PRETTY CLOSE': GOP rep warns Cuba is nearing collapse without Venezuelan oil

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Sentiment: Neutral ()

Rep. Carlos Gimenez, R-Fla., joins ‘Varney & Co.' to discuss mounting unrest in Venezuela, President Donald Trump's strategy to pressure the Maduro regime and growing signs of collapse in communist …

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image for news ‘PRETTY CLOSE': GOP rep warns Cuba is nearing collapse without Venezuelan oil
Trump Says Venezuela Will Send Up to 50 Million Barrels of Oil to US

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Sentiment: Positive ()

President Donald Trump said Venezuela would relinquish as much as 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price, announcing the cargoes …

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image for news Trump Says Venezuela Will Send Up to 50 Million Barrels of Oil to US
Sheinbaum says Mexico has not increased oil shipments to Cuba amid Venezuela situation

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Sentiment: Neutral ()

Mexican President Claudia Sheinbaum said on Wednesday that Mexico is not sending more oil to Cuba than it has historically, but amid recent events in Venezuela, Mexico has turned into …

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image for news Sheinbaum says Mexico has not increased oil shipments to Cuba amid Venezuela situation
U.S. Crude Oil Stockpiles Fall More Than Expected

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Sentiment: Positive ()

U.S. crude oil inventories fell by 3.8 million barrels to 419.1 million barrels in the week ended Jan. 2 and were about 3% below the five-year average for the time …

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image for news U.S. Crude Oil Stockpiles Fall More Than Expected

About United States Brent Oil Fund LP BNO

The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.