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  • NEW YORK, Oct 6- Oil rose more than 1 percent to four-month highs on Thursday, spurred by another informal OPEC meeting on output cuts and plunging U.S. crude inventories, with some saying the market has overshot itself with a 15- percent gain in seven sessions. Saudi, Iranian and Iraqi energy ministers will be among key OPEC representatives to meet non- OPEC member...

  • NEW YORK, Oct 6- Oil rose about 1 percent, hitting four-month highs on Thursday, underpinned by news of another informal OPEC meeting on output cuts and surprise drop in U.S. crude stocks, though trading was choppy after a price gain of 15 percent in seven sessions. Saudi, Iranian and Iraqi energy ministers will be among key OPEC representatives to meet non- OPEC...

  • *Algerian oil minister says OPEC could cut more. A number of OPEC oil ministers plus Russia's energy minister set to attend an energy conference in Istanbul are expected to meet together informally although they are unlikely to make any new decisions, OPEC sources said. "It's' the trend is your friend' and that Russia will attend next week's producer meeting in...

  • ALGIERS, Oct 6- OPEC could cut production at its late-November meeting in Vienna by another 1 percent more than the amount agreed in Algiers last month if producers reckon it is needed, Algerian Energy Minister Nouredine Bouterfa told local Ennahar TV. He also told Ennahar that OPEC and non- OPEC members would hold an informal meeting in Istanbul on Oct. 8-13 to...

  • *Algerian oil minister says OPEC could cut more. Brent crude futures were virtually unchanged at $51.85 per barrel at 1120 GMT, after hitting a high of $52.09 the previous day. "Optimism on the OPEC deal and surprising storage declines pushed oil prices to the upper end of the recent trading range.

  • ALGIERS, Oct 6- OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed in Algiers last month, if producers reckon it is needed, Algeria's Energy Minister Nouredine Bouterfa has told local Ennahar TV. He also told Ennahar that OPEC and non- OPEC members would hold an informal meeting in Istanbul Oct. 8-13 to...

  • ALGIERS, Oct 6- OPEC could cut production at its November meeting in Vienna by another one percent more than the amount agreed in Algiers last month, if producers evaluate it is needed, Algeria's Energy Minister Nouredine Bouterfa has told local Ennahar TV. "We will evaluate the market in Vienna by the end of November and if 700,000 barrels are not enough, we will go...

  • THURSDAY, OCTOBER 6 WASHINGTON- Institute of International Finance holds discussion at it's annual meeting on "The Future Of The EU" with Valdis Dombrovskis, Vice-President of the European Commission in charge of the Euro and Social Dialogue, Financial Stability, Financial Services and Capital Markets Union- 2130 GMT. NEW YORK- European Central Bank Chief...

  • THURSDAY, OCTOBER 6 WASHINGTON- Institute of International Finance holds discussion at it's annual meeting on "The Future Of The EU" with Valdis Dombrovskis, Vice-President of the European Commission in charge of the Euro and Social Dialogue, Financial Stability, Financial Services and Capital Markets Union- 2130 GMT. NEW YORK- European Central Bank Chief...

  • *OPEC to meet with other producers in Istanbul next week. PIRA Energy Group, an influential New York- based consultancy, said it expects the glut that brought crude prices crashing from above $100 a barrel over two years ago will be gone by the second quarter of 2017. It also believes OPEC kingpin Saudi Arabia is trying to sustain prices at $50- $60.

  • *Oil prices up 13 pct since OPEC announced output cuts. NEW YORK, Oct 5- Oil prices rose about 2 percent on Wednesday, hitting their highest since June, after the fifth unexpected weekly drawdown in U.S. crude inventories. Brent crude was up $1.06, or 2.1 percent, at $51.92 a barrel by 12:14 p.m. EDT, peaking at $52.09, its highest since June 10.

  • Speculation about production cuts that could occur at OPEC's meeting next month also kept the market supported. The American Petroleum Institute, a trade group, reported on Tuesday that its data showed U.S. crude inventories dropped 7.6 million barrels during the week ended Sept. 30. The U.S. Energy Information Administration will issue official inventory...

  • WEDNESDAY, OCTOBER 5 AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 0000 GMT. MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari gives welcome and opening remarks before the " Early Childhood Development...

  • *Brent hits June 10 high during session, WTI July 5 peaks. NEW YORK, Oct 4- Oil settled down on Tuesday after a surging dollar offset optimism over planned OPEC output cuts, before a report suggesting another weekly drop in U.S. crude stocks took prices up again post-settlement toward four-month highs. Brent crude settled down 2 cents at $50.87 a barrel, after rising...

  • *Brent hits highest since June 10, WTI hits July 5 peaks. NEW YORK, Oct 4- Oil settled slightly lower in choppy trade on Tuesday as a surging dollar and anticipation of higher U.S. crude stockpiles offset optimism about planned OPEC output cuts that initially took Brent to four-month highs. Brent crude settled down 2 cents at $50.87 a barrel, after rising earlier to...

  • CARACAS, Oct 4- Participation by non- OPEC countries in a deal to stabilize oil prices would remove a total of 1.2 million barrels per day from an oversupplied market, Venezuela's Oil Minister Eulogio Del Pino said on Tuesday. "With the deal between OPEC countries, some 700,000 bpd are taken out of the market, and by adding non- OPEC, it's 1.2 million bpd," Del Pino said in a...

  • *Brent hits highest since June 10, WTI hits July 5 peaks. NEW YORK, Oct 4- Oil prices were slightly higher in choppy trade on Tuesday, with Brent hitting four-month highs on a rally inspired by OPEC plans to tighten output before a surging dollar pared gains. Brent crude was up 30 cents at $51.19 a barrel by 12:54 p.m. EDT, after rising to $51.37, its highest since June 10.

  • AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 2350 GMT. CHARLESTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, October 2016" before the West Virginia Economic Outlook Conference- 1205...

  • AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 2350 GMT. CHARLESTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, October 2016" before the West Virginia Economic Outlook Conference- 1205...

  • AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 2350 GMT. CHARLESTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, October 2016" before the West Virginia Economic Outlook Conference- 1205...