Stocks Climb on Dovish Fed Comments; Bernanke Up Next
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Weather Channel's Mike Seidel reports there was a hail threat in Oklahoma today, and shares an update on the aftermath from the tornado.
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NEW YORK, Jan 17- Oil prices rose on Thursday as the attack on an Algerian gas facility reinforced concerns about geopolitical risk to supply in the region, while upbeat U.S. economic data also supported petroleum futures.
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*Natural gas field attacked in OPEC- member Algeria. NEW YORK, Jan 16- Oil prices rose on Wednesday after an Algerian gas field came under attack from Islamist militants and as data showed crude stocks fell in the United States last week. Gains in the Brent contract were capped, however, by news of a restart of a North Sea pipeline system.
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*Natural gas field attacked in OPEC- member Algeria. NEW YORK, Jan 16- Front-month Brent crude futures pared gains and nearby contracts turned lower on Wednesday on news of an expected restart of a shut North Sea pipeline system, while U.S. crude rallied on data showing domestic crude stocks fell last week.
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*World Bank cuts growth outlook as advanced nations drag. SINGAPORE, Jan 16- Brent crude rose towards $111 a barrel on Wednesday after robust U.S. retail sales boosted hopes for stronger demand in the world's top oil consumer, while oil inventories there rose far less than expected. Brent futures had gained 32 cents to $110.62 a barrel by 0618 GMT.
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*Brent to end rebound below $112.42- technicals. SINGAPORE, Jan 15- Brent crude slipped to $111.50 a barrel on Tuesday after ending the previous session more than $1 higher, with the lack of an agreement over the U.S. debt ceiling and a forecast increase in the country's oil inventory weighing on prices. Brent slipped 38 cents to $111.50 a barrel by 0757 GMT.
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*Brent to end rebound below $112.42- technicals. SINGAPORE, Jan 15- Brent crude slipped towards $111.50 a barrel on Tuesday after ending the previous session more than $1 higher, with the lack of an agreement over the U.S. debt ceiling and a forecast increase in the country's oil inventory weighing on prices. Brent slipped 29 cents to $111.59 a barrel by 0627 GMT.
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NEW YORK, Jan 14- Brent crude oil rose by more than 1 percent toward $112 a barrel on Monday, boosted by a weak U.S. dollar, strength in gasoline and diesel markets, and as investors weighed a statement from Saudi Arabia disputing claims it has altered its output policy.
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NEW YORK, Jan 14- Brent crude oil edged up in choppy trading on Monday, seesawing with the U.S. dollar, as investors weighed a statement from Saudi Arabia disputing claims OPEC's largest producer has altered its output policy.
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Jan 14- For 17 years, Tom Ward and Aubrey McClendon teamed up to build Chesapeake Energy Corp into the second-largest natural gas producer in the United States. At SandRidge Energy Inc, Ward adopted some of the same idiosyncratic business practices deployed by McClendon.
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"The dollar index recovered after being lower and the stock market futures pulled back, helping crude oil pare gains," said Phil Flynn, analyst at Price Futures Group in Chicago.
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Jan 14- For 17 years, Tom Ward and Aubrey McClendon teamed up to build Chesapeake Energy Corp into the second-largest natural gas producer in the United States. At SandRidge Energy Inc, Ward adopted some of the same idiosyncratic business practices deployed by McClendon.
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*Iran's Revolutionary Guards hold exercises in Strait of Hormuz. SINGAPORE, Jan 14- Brent crude rose above $111 a barrel on Monday as fears of disruption of supply from the Middle East resurfaced amid growing optimism over signs that the world's biggest economies are on their way to a steady recovery.
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*Wheat pastures wither as drought persists. *Cattle moved to feedyards sooner than expected. CHICAGO, Jan 14- Oklahoma rancher Kent Donica has given up.
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SEOUL, Jan 14- U.S. crude futures rose to almost $94 a barrel on Monday, leaving less than a $17- a-barrel gap from London- traded Brent crude, after the start-up of the expanded Seaway Pipeline late last week, a major project that could ease distortions in global oil markets.
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*China December inflation rise may curb stimulus efforts. NEW YORK, Jan 11- Oil prices fell on Friday, pulled lower by a drop in gasoline on expectations that a large number of European cargoes could hit U.S. shores, while a key spread narrowed sharply on news of the start-up of a major Midwest pipeline.
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*China December inflation rise may curb stimulus efforts. NEW YORK, Jan 11- Crude oil futures fell on Friday on concerns about lackluster economic growth, tepid demand and weak U.S. gasoline futures, while a U.S. crude oil pipeline expansion narrowed the spread between Brent and U.S. crude futures.
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*Focus on China economic data due this week. NEW YORK, Jan 8- Brent crude rose in heavy trading on Tuesday and U.S. crude dipped as the beginning of the annual rebalancing of a key commodities index widened the spread between the two contracts.
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*China economic data in due this week in focus. After testing below $18 a barrel on Monday, the Brent premium to U.S. crude found support just above $18 and widened to near $19. Brent's premium to U.S. crude rose to near $19 a barrel, after testing below $18 on Monday.
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PERTH, Jan 8- U.S. crude futures inched up in early Asian trading on Tuesday after settling higher in New York as the market focused on the completion of a U.S. pipeline expansion project at the end of the week. *U.S. crude for February delivery rose 7 cents to $93.26 a barrel by 0051 GMT.
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Jan 7- Chesapeake Energy Corp, the U.S. oil and gas company battling a governance crisis and financial strain, said on Monday its chief executive officer, Aubrey McClendon, will not receive a bonus for 2012..