CNBCOil close to bottom, don't rule out $40: AnalystCNBCCrude has fallen almost 40 percent in the past two months, and one oil analyst told CNBC he thinks the bottom may be near—although he wouldn't be surprised by a further drop. "I am not ru …

CNBCUS agency gives quiet nod to light oil exports: SourcesCNBCThe main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to …