A 4.2 magnitude earthquake hit central Oklahoma on Tuesday morning, and a KAUT newscast caught the tremors on camera as they happened.» Read More
SEOUL, March 5- U.S. crude oil futures held just above $103 a barrel on Wednesday after pulling back from 5-1/ 2 month highs hit earlier in the week, as tensions over Russian military intervention in Crimea calmed. *U.S. crude for April delivery gained 1 cents at $103.34 a barrel as of 0018 GMT after settling $1.59 lower at $103.33 in the previous session.
*Ukraine tension darkens Europe outlook. NEW YORK, Feb 27- Brent oil futures fell on Thursday, pressured by civil unrest in Ukraine that curbed overall risk appetite and fueled fears that it would slow growth in Europe and lessen oil demand. Draws from Cushing oil stocks helped narrow U.S. oil's discount to Brent to nearly $6 per barrel, the tightest since Oct. 7.
*Ukraine tension darkens Europe outlook, potential Brent demand. NEW YORK, Feb 27- Brent crude oil futures fell on Thursday, pressured by volatility in Ukraine that curbed risk appetite.
*Ukraine tension darkens Europe outlook, potential Brent demand. LONDON, Feb 27- Brent crude oil futures briefly slipped below $109 on Thursday, pressured by a higher dollar, boosted by worries about escalating turmoil in Ukraine. Brent crude was down 60 cents at $108.90 a barrel by 1105 GMT, recovering slightly from an intraday low of $108.85.
*U.S. crude stocks rise overall; down 1.1 mln barrels in Cushing. LONDON, Feb 27- Brent oil futures briefly slipped below $109 on Thursday, pressured by warmer weather in the United States and worries about escalating turmoil in Ukraine, though supply-disruption concerns kept losses in check.
*Crude stocks at Cushing draw for 4th week. The U.S. Energy Information Administration said crude stocks rose overall by just 68,000 barrels last week, far less than the average build of 1.2 million barrels forecast, while stocks at Cushing fell 1.1 million barrels as TransCanada Corp's southern pipeline continued to drain oil to the Gulf Coast.
NEW YORK, Feb 26- U.S. oil rose more than $1 per barrel on Wednesday after government data showed a surprisingly small build in crude oil inventories and another large draw from the American benchmark's delivery point.
*Fourth-quarter adj profit $0.27/ share vs est $0.41. Feb 26- Chesapeake Energy Corp reported quarterly results that missed Wall Street estimates by a wide margin because of weak production, sending its shares sharply lower on Wednesday. Chesapeake's stock fell as much as 8 percent on the New York Stock Exchange on Wednesday morning.
LONDON, Feb 26- The discount between U.S. crude and North Sea Brent shrank on Wednesday to its lowest since early October, with data showing the fourth consecutive weekly drop in inventories at the Cushing, Oklahoma delivery hub.
NEW YORK/ HOUSTON, Feb 26- Encana Corp and Chesapeake Energy Corp are negotiating civil settlements with the state of Michigan to try to end its criminal investigation into whether the energy companies colluded to keep oil and gas lease prices artificially low in the state.
*Crude stocks at Cushing decline by 1.1 mln barrels-API. LONDON, Feb 26- Brent oil held above $109 a barrel on Wednesday after a steep fall in stockpiles at the Cushing delivery point for U.S. crude, with prices constrained by weak economic data in the world's top oil consumer.
*Crude stocks at Cushing fall by 1.1 mln barrels- API. But prices, particularly of the European benchmark, may draw support from prolonged unrest in North African exporter Libya. Brent crude had slipped 17 cents to $109.34 a barrel by 0516 GMT, extending losses after settling $1.13 lower.
By 2018, the median price of single-family homes will be close to the peak reached in 2006 before the national market cratered, according to the study from the Demand Institute, a nonprofit think tank operated by The Conference Board and Nielsen.
*Crude stocks at Cushing fall by 1.1 mln barrels- API. But prices, particularly of the European benchmark, may draw support from prolonged unrest in North African exporter Libya. Brent crude had slipped 1 cent to $109.50 a barrel by 0307 GMT, after settling $1.13 lower.
Persistent production outages in Libya and South Sudan capped losses in Brent while U.S. oil was pressured by sinking gasoline futures prices in the face of lessening demand for the fuel. U.S. weekly crude stocks rose by a less-than-expected 822,000 barrels in the week to Feb. 21, according to data from the American Petroleum Institute released Tuesday.
NEW YORK, Feb 24- Brent oil rose on Monday after production outages in Libya and South Sudan curbed exports and tightened global supply.
*S&P 500 sets intraday record in broad U.S. equity rally; German sentiment helps. NEW YORK, Feb 24- Stocks on Wall Street surged to an all-time high on Monday on optimism over merger activity that also lifted global equity markets, while crude oil prices rose, helped by expectations of revived growth in the demand for oil.
Brent oil was supported by production outages in Libya and South Sudan that curbed exports and tightened global supply.
Barring the unforeseen, 2014 promises to be a reasonably good year for the economy, with the current quarter’s accelerating growth likely to continue.
There's something more ominous than tornadoes these days in one of the nation's most conservative states: taxes and borrowing.