President Obama discusses the situation in the Middle East and if it is realistic to broker a cease-fire.» Read More
HOUSTON, Aug 1- Baghdad wants to settle a high-stakes dispute over $100 million worth of Kurdish crude oil in Iraq's courts, although the oil is sitting in a tanker off the coast of Texas, a U.S. court filing said on Friday.
HOUSTON, Aug 1- An asphalt maker in New Jersey became the second U.S. company to publicly confirm buying Kurdish crude oil, saying on Friday it had imported a cargo just weeks before an Iraqi lawsuit over a separate $100 million shipment offshore Texas.
WASHINGTON— A sixth straight month of solid 200,000- plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion. WASHINGTON— U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.
Prices may continue to slide in early August and post larger drops after Labor Day— as long as there are no hurricanes that halt production in the Gulf Coast or violence in the Middle East that disrupts crude supplies.
NEW YORK, Aug 1- Global equities markets dropped for a fourth day on Friday, with Wall Street again slumping as investors shrugged off economic data showing solid improvement in U.S. labor markets. U.S. stock trading was dogged by worries about Argentina's debt problems.
NEW YORK, Aug 1- Brent and U.S. crude futures tumbled on Friday to the lowest settlement prices in months, as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. "Since June 23, the market's been going down," said Andy Lebow, vice president at Jefferies Bache in New York.
*Brent falls to two-week low; in July had biggest monthly loss since April 2013. NEW YORK, Aug 1- Brent crude oil fell more than $1 to hit a two-week low on Friday, slipping to $105 a barrel in its third straight day of losses as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine.
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NEW YORK, Aug 1- Global equities markets dropped for a fourth day on Friday, with Wall Street again slumping as investors shrugged off economic data showing solid improvement in U.S. labor markets. Confusion over Federal Reserve policy and ongoing tensions in Ukraine and Gaza were blamed for the U.S. sell-off.
*Food and medicine exempt from U.S., EU sanctions on Iran. LONDON/ ANKARA, Aug 1- It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions.
*Brent falls to two-week low; in July had biggest monthly loss since April 2013.
NEW YORK, Aug 1- World stock markets traded lower on Friday following the previous session's Wall Street sell-off, while the dollar dipped after U.S. jobs data eased investors' worries Federal Reserve policymakers were tilting toward raising interest rates.
*Comment comes after India derails global trade talks over food security objections. NEW DELHI/ GENEVA, Aug 1- India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday.
*Ohio refinery to undergo turnaround in 4 Q. Aug 1- PBF Energy Inc is taking some crude by rail at its Ohio refinery via a third party, but the company may build its own offloading facility there, Chief Executive Officer Tom Nimbley told analysts on Friday.
SAO PAULO, Aug 1- Brazilian food processor BRF SA does not expect to make large acquisitions in the near term, executives said on Friday, although the company may look at small regional partnerships to boost profits.
NBC's Ayman Mohyeldin reports fighting in Gaza has intensified as Israel has launched an operation to rescue a captured soldier taken by Hams militants.
WASHINGTON, Aug 1- The U.S. Federal Aviation Administration has restricted U.S. airlines from flying at or below 30,000 feet over Iraq, citing a "potentially hazardous situation created by the armed conflict" there.
PARIS, Aug 1- Shares trimmed losses and the dollar dipped on Friday after the U.S. reported job growth slowed more than expected in July and the unemployment rate unexpectedly rose, easing worries that interest rates will rise soon.
RIYADH, Aug 1- Saudi Arabia's King Abdullah criticised on Friday international inaction over Israel's offensive in Gaza, which he described as involving mass slaughter and "war crimes against humanity", in a speech read out on his behalf on state television.
SAUDI KING ABDULLAH CRITICISES INTERNATIONAL INACTION OVER ISRAELI OFFENSIVE IN GAZA, WHICH HE DESCRIBES AS A WAR CRIME.