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  • *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.

  • NEW YORK, March 4- Oil prices fell on Wednesday after U.S. crude stock builds were more than twice levels forecast, although prices held off recent lows after Saudi Arabia's oil minister said he expected prices to recover soon from the selloff of recent months. "It's another bearish data point in an already bearish fundamental environment," said Dominick...

  • US running out of room to store oil; price collapse next? Wednesday, 4 Mar 2015 | 11:51 AM ET

    That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, according to the Energy Department. "The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent...

  • *Saudi Arabia raises monthly prices for crude sales. LONDON, March 4- Brent crude oil extended losses to fall below $60 a barrel on Wednesday after a much larger-than-expected build in U.S. crude stocks, while Saudi Arabia's oil minister said he expected the market to balance itself and prices to recover. April Brent fell $1.46 to $59.56 by 1538 GMT, dropping below...

  • *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...

  • CASPER, Wyo.— Oil companies that operate in Wyoming report that they are holding off on hydraulic fracturing and are waiting to complete newly drilled oil wells to save money during low oil prices. EOG Resources, headquartered in Houston, announced that it plans to delay fracking 285 wells. Chesapeake Energy, based in Oklahoma City, likewise plans to wait until...

  • Oil glut at a glance: Where the US stores its oil Tuesday, 3 Mar 2015 | 1:06 PM ET

    Cushing, Oklahoma, 82 million barrels. Houston, Texas, 36 million barrels. Beaumont- Nederland, Texas, 30 million barrels.

  • That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week. "The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent...

  • *Speculation over Iran nuclear deal, higher Libyan output weigh. *Coming Up: American Petroleum Institute report on Tuesday. NEW YORK, March 2- Brent futures fell 5 percent, its most in a month, on Monday as speculation of a nuclear deal that could lift Iran's sanctions and boost its oil exports brought worries about high supplies back to the market.

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • Sonic shares driven up after strong 2Q sales report Monday, 2 Mar 2015 | 11:15 AM ET

    NEW YORK— Shares of Sonic climbed Monday after the drive-in restaurant chain said a closely watched sales measurement rose by double digits in the second quarter. The Oklahoma City- based company said sales at restaurants open at least a year grew 11.5 percent in the fiscal quarter. Shares of Sonic Corp. advanced $1.72, or 5.4 percent, to $33.51 in morning trading...

  • *Iran Foreign Minister: nuclear deal possible this week. *'Long way to go' to reach Iran nuclear deal- Kerry. LONDON, March 2- Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear program could be agreed this week if the West lifts sanctions, which could boost the country's oil exports.

  • Seventy Seven Energy reports 4Q loss Monday, 2 Mar 2015 | 8:33 AM ET

    OKLAHOMA CITY _ Seventy Seven Energy Inc. on Monday reported a loss of $9.4 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. Analysts expected $528.9 million, according to Zacks.

  • LSB posts 4Q profit Monday, 2 Mar 2015 | 6:57 AM ET

    OKLAHOMA CITY _ LSB Industries Inc. on Monday reported fourth-quarter net income of $657,000. The Oklahoma City- based company said it had net income of 3 cents per share. For the year, the company reported profit of $19.4 million, or 82 cents per share.

  • DALLAS— Freezing rain that coated parts of Texas and Oklahoma for the second consecutive day left highways slick and forced the cancellation of another 1,000 flights Saturday at Dallas-Fort Worth International Airport, one of the nation's biggest airline hubs. The Saturday chaos was on top of about 600 flights nixed Friday, forcing about 5,000 travelers to...

  • Aaon posts 4Q profit Friday, 27 Feb 2015 | 7:39 AM ET

    TULSA, Okla. _ AAON Inc. on Friday reported fourth-quarter profit of $10.5 million. Aaon shares have increased slightly more than 5 percent since the beginning of the year. Access a Zacks stock report on AAON at http://www.zacks.com/ap/AAON.

  • SemGroup beats 4Q profit forecasts Friday, 27 Feb 2015 | 5:13 AM ET

    TULSA, Okla. _ SemGroup Corp. on Thursday reported fourth-quarter profit of $8.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. SemGroup shares have risen roughly 4 percent since the beginning of the year.

  • Sandridge Energy tops 4Q profit forecasts Thursday, 26 Feb 2015 | 5:54 PM ET

    OKLAHOMA CITY _ Sandridge Energy Inc. on Thursday reported fourth-quarter net income of $265.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share. Analysts expected $378.7 million, according to Zacks.