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  • *Nuclear talks between Iran and big powers continuing. SINGAPORE, March 6- Brent crude oil rose to around $61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets. Worries about oil supplies from the Middle East helped widen the premium...

  • SINGAPORE, March 6- Brent crude rose to trade near $61 a barrel on Friday as geopolitical tensions in Libya and Iraq stoked supply worries, while traders eyed U.S. rig counts and the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen...

  • SINGAPORE, March 6- Brent crude rose above $61 a barrel on Friday amid geopolitical tensions in Libya and Iraq, while traders eyed U.S. rig counts and the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen and Iraqi soldiers from...

  • Brent climbs above $61 on Mideast supply concerns Thursday, 5 Mar 2015 | 10:37 PM ET

    SINGAPORE, March 6- Brent crude rose above $61 a barrel on Friday, supported by geopolitical tensions in Libya and Iraq, while traders eyed the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen and Iraqi soldiers from advancing.

  • SINGAPORE, March 6- U.S. crude nudged up to hover around $51 a barrel on Friday, set to post the first weekly gain in three, as geopolitical tensions in the Middle East supported oil. *U.S. crude rose 26 cents to $51.02 a barrel by 0006 GMT, on track for a more than 2 percent gain this week. *Libya's warring factions held United Nations- backed talks on Thursday after...

  • UNITED NATIONS, March 5- Iran's foreign minister on Thursday suggested that a 10- year moratorium on some aspects of the country's nuclear program might be acceptable to Tehran, though he declined to discuss the issue in detail. President Barack Obama told Reuters on Monday that Iran must commit to a verifiable freeze of at least 10 years on sensitive nuclear...

  • *Supply concerns in Libya, Iraq initially boost prices. NEW YORK, March 5- Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq. Washington's pursuit of a nuclear agreement with Tehran, which could end sanctions against Iran and bring more oil...

  • UNITED NATIONS, March 5- Iran's foreign minister on Thursday suggested that a 10- year moratorium on some aspects of the country's nuclear program might be acceptable to Tehran, though he declined to discuss the issue in detail. President Barack Obama told Reuters on Monday that Iran must commit to a verifiable freeze of at least 10 years on sensitive nuclear...

  • *Bottom pickers support prices up already on Libya, Iraq worries. *Washington presses ahead with nuclear deal for Iran. Concerns about deteriorating oil supplies from Libya and Iraq boosted crude prices even before the New York session.

  • *Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude futures pared early gains on Thursday to hover just under $61 as the euro slipped to an 11- year low against the dollar, offsetting concerns about tensions in Iraq and Libya. Brent and WTI rose earlier on Thursday due to concerns about oil supplies from Libya and Iraq.

  • *Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya. It seems to be that the market does seem to be paying a little bit of attention to geopolitical factors, namely Iraq and Libya, "said Virendra...

  • LONDON, March 5- Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear programme. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final agreement with...

  • SINGAPORE, March 5- Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final...

  • SINGAPORE, March 5- Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final...

  • SINGAPORE, March 5- U.S. crude was trading comfortably above $51 a barrel on Thursday, after comments by Saudi's oil minister predicting a floor for prices and as Iran nuclear talks hit a bump. President Barack Obama' s demand that it freeze sensitive nuclear activities for at least 10 years but said it would continue talks on a deal, Iran's semi-official Fars news...

  • WASHINGTON, March 4- When Israeli Prime Minister Benjamin Netanyahu urged the United States this week to take a tough line against Iran, he argued that world powers could always push for a better nuclear deal because the Islamic Republic was vulnerable to low oil prices. But the claim that lower oil prices can sway Iran, a major crude producer, into making greater...

  • *Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...

  • NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.

  • LONDON, March 4- Brent crude oil steadied above $60 a barrel on Wednesday after Saudi Arabia's oil minister said he expected the oil market to balance itself. Oil Minister Ali al-Naimi said he hoped and expected the oil market to balance and prices, which hit a nearly six-year low around $45 in January, to stabilize, adding to signs OPEC's largest exporter is...

  • *Fighting escalates in Libya, militants seize oilfield. LONDON, March 4- Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes and militant raids on oil facilities in Libya. In a move widely seen as showing Saudi Arabia's confidence in a demand recovery, the OPEC kingpin raised official selling prices for its...