Israeli aircraft bombed the Gaza Strip on Saturday and Palestinian militants fired rockets at the Jewish state, the military said, with no end in sight to the deadliest violence between the sides in years.» Read More
NEW YORK, Aug 22- U.S. crude oil futures fell on Friday, putting them on track for a fifth straight week of declines, while Brent remained under pressure from a stronger dollar and plentiful supplies despite an escalation of tensions between Russian and Ukraine.
U.S. crude for October was down 87 cents at $93.11 a barrel by 11:13 a.m. EDT. "I think the market is still reflecting on the big build in Cushing this week," said Dominick Chirichella, senior partner at Energy Management Institute.
BERLIN— Germany is seeking to calm a diplomatic spat with Qatar after the Gulf nation took umbrage at a German official's claim that it is funding the extremist Islamic State group. Gerd Mueller told public broadcaster ZDF that "the key word is Qatar."
*Libya loads second cargo at largest port Es Sider. LONDON, Aug 22- Brent crude oil futures drifted lower on Friday, further below $103 a barrel, as a strong dollar and plentiful supplies continued to pressure prices. "We've reached a stage where the market is looking to stabilise a bit," said Ole Hansen, senior commodity strategist at Saxo Bank.
*Libya loads 2nd cargo at largest port Es Sider. SINGAPORE, Aug 22- Brent was trading below $103 a barrel on Friday, heading for a second weekly loss as easing geopolitical risks and higher global oil supply pressured prices. The Organization of the Petroleum Exporting Countries pumped more oil in July despite conflicts in the Middle East and Africa.
*Gold steady after five-day losing streak. SINGAPORE, Aug 22- Gold held near a two-month low on Friday and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.
*Libya loads 2nd cargo at largest port Es Sider. *Centurion to send more oil from Permian Basin to Cushing. The Organization of the Petroleum Exporting Countries pumped more oil in July despite conflicts in the Middle East and Africa.
SINGAPORE, Aug 22- Gold held near a two-month low on Friday and was headed for its sharpest weekly drop in nearly three months, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.
*U.S. crude futures for October delivery fell 6 cents to trade at $93.90 a barrel as of 0004 GMT. *An Iraqi Kurdish crude oil tanker has reappeared off the coast of Israel having offloaded its cargo, ship tracking data on Reuters showed, in the latest sign the autonomous region is finding buyers for its oil in defiance of Baghdad.
Omar Alghanim, CEO of Alghanim Industries, says Kuwait is going through some "teething pains" at the moment but that the country has a "very stable" political system.
SINGAPORE, Aug 22- Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood of supply from the shale boom to replace costlier naphtha as a raw material.
DUBAI, Aug 21- Saudi Arabia's stock market regulator proposed rules on Thursday for opening the $580 billion market to direct investment by foreign institutions, including a 10 percent cap on foreign ownership of the market's value. The Saudi Capital Market Authority published the draft rules on its website on Thursday.
*Platinum falls to 3- month lows. LONDON, Aug 21- Gold slid around 1 percent to its lowest in two months on Thursday, extending losses to a fifth session on a firm dollar and after slightly better than expected U.S. jobless claims fed expectations for an early interest rate hike.
*Libya restarts crude oil exports from biggest port. Libya has resumed exports from its largest port, helping push its oil output to the highest level for months, while top exporter Saudi Arabia raised its output in July to 10 million barrels per day.
NBC's Jim Miklaszewski reports on a failed U.S. commando mission to rescue Americans held in Syria by ISIS.
ABU DHABI, Aug 21- Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.
*Saudi Arabia pumps 10 million bpd in July. The world's top two crude oil benchmarks have fallen by more than $10 a barrel since June on a build-up of supply in the Atlantic Basin and diminishing worries over the risk that conflicts in the Middle East would hit oil production.
Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago. Hewlett-Packard was the biggest gainer among the major indexes. The technology giant rose $1.88, or 5.4 percent, to $37.00 after reporting better-than-expected results and its first sales increase in nearly three years.
*Saudi Arabia pumps 10 million bpd in July. Libya has resumed exports from its largest port, helping push the country's oil output to its highest for months, while top exporter Saudi Arabia raised its output in July to 10 million barrels per day.
DUHOK, Iraq/ ANKARA, Aug 21- Crude oil flow on Iraqi Kurdistan's pipeline to Turkey has resumed after upgrade work was completed and is now running at an increased rate of 200,000 barrels per day, industry sources and Turkish officials told Reuters on Thursday.