Barring the unforeseen, 2014 promises to be a reasonably good year for the economy, with the current quarter’s accelerating growth likely to continue.» Read More
Lawyers for Charles Warner and Clayton Lockett fear the men could suffer severe pain if Oklahoma is allowed to maintain a "veil of secrecy." A hearing on that will be held Tuesday before District Judge Patricia Parrish in Oklahoma City; clemency hearings set for this week and next week remained on the Parole and Pardon Board's schedule Wednesday..
*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.
OKLAHOMA CITY-- Oklahoma City Thunder star Kevin Durant has dismissed his $600,000 federal lawsuit against his former accountant.
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.
*China and India boost imports of Iranian crude. New York diesel futures fell nearly 3 percent, while crude oil prices dropped by around $1 a barrel.
*China and India boost imports of Iranian crude. Domestic conflicts in Libya and South Sudan, as well as escalating protests in Venezuela have helped support spot oil prices at a time when winter heating demand in the northern hemisphere is close to its peak.
*China and India boost imports of Iranian crude. LONDON, Feb 21- Brent crude oil slipped to around $110 a barrel on Friday but remained on course for its highest weekly close this year, as supply disruptions in Africa have tightened the market.