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  • John Kilduff

    John Kilduff, partner at Again Capital, told CNBC's "Power Lunch" why Thursday's crude rally to $50 per barrel could be temporary.

  • *Brent breaches $50 first for time since Nov, WTI since Oct. NEW YORK, May 26- Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut. Wildfires in Canada's oil sands, unrest in the Nigerian and...

  • *U.S. stocks draw, Nigeria unrest ease supply glut fears. LONDON, May 26- Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing. Oil prices have rallied in recent weeks as a string of outages, due in part to wildfires in Canada and unrest...

  • *Slim hopes for OPEC intervention decision next week. LONDON, May 26- Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months on signs that a global supply glut is easing, one week ahead of an OPEC meeting. I think speculation ahead of next week's OPEC meeting could keep prices elevated, "said Hans van Cleef, senior energy...

  • LONDON, May 26- European shares were mixed on Thursday, with banks on the back foot following a recent rally while commodity stocks were boosted as Brent crude oil prices hit $50 a barrel for the first time since November. Britain's FTSE 100, France's CAC and Germany's DAX were all 0.1 percent higher. However, oil companies rose 0.6 percent after Brent crude hit $50...

  • TOKYO, May 26- Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction, with worries about U.S. interest rates and China's slowing economy keeping many investors on the sidelines. While energy stocks outperformed, a slump in mainland China stocks to 2-1/ 2 month lows dampened any...

  • *U.S. crude hits new 7- mth high, heads towards $50. *Oil could see a peak at $50- 55- analyst. SINGAPORE, May 26- Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week.

  • SINGAPORE, May 26- Oil prices inched towards $50 a barrel in early Asian trade on Thursday, after U.S. government figures showed a sharper-than-expected drawdown of crude stocks last week as imports dropped. Brent climbed 5 cents to $49.79 a barrel, having closed up $1.13, or 2.3 percent, in the previous session. U.S. crude stocks fell 4.2 million barrels to 537.1...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • *Drawdown due to lost Canada output, strong economy- analyst. A series of outages around the world, such as wildfires in Canada and a spate of violence in Nigeria's oil-producing region, has helped cut global oil supply by nearly 4 million barrels per day this month. Brent crude futures were up 58 cents at $49.19 a barrel by 0849 GMT, while U.S. crude futures rose 56...

  • SINGAPORE, May 25- Oil futures rose on Wednesday after U.S. industry data suggested a larger-than-expected drawdown in crude inventories last week, although a stronger U.S. dollar curbed gains. U.S. crude futures had climbed 56 cents to $49.18 a barrel as of 0042 GMT after ending the previous session up 54 cents. Brent futures rose 50 cents to $49.11 a barrel, having...

  • Crude oil rises above $49

    Crude oil rises above $49 after API inventory drop. CNBC's Susan Li reports the details.

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • SINGAPORE, May 24- Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had declined 42 cents to $47.93 a barrel by 0643 GMT, after closing down 37 cents in the previous session. U.S. crude futures dropped 32 cents to $47.76 a barrel, having settled down 33...

  • SINGAPORE, May 24- Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had declined 14 cents to $48.21 a barrel by 0307 GMT, after closing down 37 cents in the previous session. U.S. crude futures dropped 8 cents to $48.00 a barrel, having settled down 33...

  • U.S. crude futures edged down 4 cents to $48.04 a barrel by 0016 GMT, having settled down 33 cents in the previous session. Brent futures dipped 4 cents to $48.31 after closing down 37 cents in the previous session, with both contracts finishing with modest losses for a fourth straight session. The American Petroleum Institute is due to release its inventory data...

  • 2 factors that could push oil above $60: Gartman

    Dennis Gartman, The Gartman Letter Editor, discusses two factors that could push oil above $60.

  • *Brent to average $45/ barrel this year, WTI $45- Goldman. NEW YORK, May 23- Oil prices eased again on Monday after Iran vowed to ramp up output and as the number of rigs drilling for crude in the United States held steady after declining for eight straight weeks. Oil has traded in a $5 range below $50 a barrel for the past month, with prices buoyed by supply disruptions from...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Dollar strength weighs on oil

    CNBC's Jackie DeAngelis reports on oil prices as a stronger dollar takes some support out of the market.