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  • *U.S. crude stocks at Cushing, Oklahoma at record high. SINGAPORE, March 19- Brent crude futures fell towards $55 a barrel on Thursday after a bigger than expected crude stock build in the United States, though losses were limited by a weaker dollar as the Federal Reserve signalled a slower pace of interest rate hikes. Crude stocks at the Cushing, Oklahoma, delivery...

  • Brent crude falls below $56 on oil inventory built Wednesday, 18 Mar 2015 | 10:05 PM ET

    *U.S. crude stocks at Cushing, Oklahoma at record high. SINGAPORE, March 19- Brent crude slipped below $56 a barrel on bigger than expected oil stocks in the United States though losses were limited on a weaker dollar as the Federal Reserve signaled a slower pace of interest rate hike. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.865 million barrels to...

  • SINGAPORE, March 19- U.S. crude futures fell towards $44.50 a barrel on Thursday after oil stocks rose to their highest level in at least 80 years but a weaker dollar put a floor under prices as the U.S. *U.S. crude for April delivery fell 11 cents to $44.55 by 0031 GMT on Thursday after closing up $1.20, or almost 3 percent, in the previous session. *U.S. crude stocks climbed...

  • House passes GOP bills targeting EPA's 'secret science' Wednesday, 18 Mar 2015 | 2:44 PM ET

    A bill approved Wednesday would require the EPA to disclose scientific data behind proposed regulations, while a measure passed Tuesday would prohibit the agency from appointing registered lobbyists to the EPA's Science Advisory Board. "Right now, the EPA is trying to impose harmful regulations based on scientific studies that no one can check— not the...

  • NEW YORK, March 18- Stocks on Wall Street slipped and shares in Europe rose on Wednesday, reflecting diverging policies between the Federal Reserve and the European Central Bank, while oil prices fell as data showed U.S. crude inventories hit a record high. The FTSEurofirst 300 index of top European shares rose 0.33 percent to close at a provisional 1,589.07,...

  • NEW YORK, March 18- Oil markets diverged on Wednesday with Brent supported while U.S. crude prices fell after domestic inventories hit record highs for a 10th week and supplies at the futures' delivery hub hit a peak. U.S. crude inventories rose 9.6 million barrels to a new record of 458.5 million barrels in the week to March 13, figures from the government-run...

  • LONDON, March 18- Brent oil prices fell towards $53 a barrel on Wednesday on oversupply concerns as U.S. crude stocks hit a new record high, according to government data. Brent for May delivery was down 36 cents at $53.26 per barrel by 1440 GMT after ending the previous session up 7 cents. "The crude oil inventory rise is too big a factor to ignore at this point, and...

  • *China pauses build-up of strategic reserves. LONDON, March 18- Brent oil prices fell below $53 a barrel on Wednesday on oversupply concerns as industry data indicated U.S. crude stocks had hit a new record high. Brent for May delivery was down 70 cents at $52.82 per barrel by 1305 GMT after ending the previous session up 7 cents.

  • *China pauses build-up of strategic reserves. LONDON, March 18- Brent oil prices fell below $53 a barrel on Wednesday on oversupply concerns as industry data indicated U.S. crude stocks had hit a new record high. Brent for May delivery was down 62 cents at $52.89 per barrel by 1058 GMT after ending the previous session up 7 cents.

  • LONDON, March 18- Brent prices fell on Wednesday on oversupply concerns as industry data indicated U.S. crude stocks had hit a new record high. U.S. crude inventories rose by 10.5 million barrels to 450 million in the week to March 13, American Petroleum Institute data showed on Tuesday. Brent for May delivery was down 47 cents to $53.04 per barrel by 0956 GMT after...

  • Brent for May delivery fell 24 cents to $53.27 a barrel by 0108 GMT after ending the previous session 7 cents up at $53.51. U.S. crude for April delivery fell 81 cents to $42.64 after settling the previous session 42 cents lower at $43.46. U.S. crude tumbled by $1.02 a barrel to $42.44 in early Asian trade on Wednesday after crude inventories rose by 10.5 million...

  • HARRISBURG, Pa.— Pennsylvania state investigators are close to wrapping up an investigation into complaints that landowners in northeastern Pennsylvania are being cheated of royalties by natural gas companies exploring the Marcellus Shale, Attorney General Kathleen Kane said Tuesday. Lisa Baker, R- Luzerne, Kane did not say which natural gas company...

  • Ring Energy tops 4Q profit forecasts Monday, 16 Mar 2015 | 6:01 PM ET

    TULSA, Okla. _ Ring Energy Inc. on Monday reported fourth-quarter net income of $2.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. Ring Energy shares have fallen 14 percent since the beginning of the year.

  • Hammered by oversupply, U.S. oil prices fell 60 percent from $107 a barrel in June to below $44 a barrel in January before rallying and trading in a range around $50 in February. "We thought the market was being supported by a couple of false positives, and a couple of one-offs that we didn't think were sustainable into the second quarter," said Michael Cohen, head of...

  • *Signs of nuclear deal and end of sanctions for Iran add pressure. NEW YORK, March 16- Oil prices fell 2 percent on Monday, with U.S. crude hitting six-year lows, on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market. The United States and Iran, meanwhile, inched closer...

  • *Signs of nuclear deal and end of sanctions for Iran add pressure. NEW YORK, March 16- Brent oil fell about 3 percent on Monday and U.S. crude hit six-year lows on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market. The United States and Iran, meanwhile, inched closer...

  • CUSHING, Okla.— The massive oil storage complex at Cushing is nearing its operational capacity as oil inventories nationwide continue to rise. Storage at Cushing is up almost 25 percent over the past five weeks and 172 percent higher than the nearly 19 million barrels reported about five months ago. As Cushing fills, companies are sending oil to other storage...

  • *Genscape cites another big U.S. crude stock in Cushing- trade. NEW YORK, March 12- Global oil prices fell on Thursday on estimates showing another big supply build at the delivery point for the U.S. crude contract, with trade volatile ahead of the expiry of the front-month in benchmark Brent oil. "The ship channel opening allows crude to get to refineries and the...

  • *Genscape cites another big U.S. crude stock in Cushing- trade. "The ship channel opening allows crude to get to refineries and the expectation is that with margins strong, refiners will produce as much as they can and this is putting some pressure on oil futures," said Phil Flynn, analyst at Price Futures Group in Chicago. Brent was down 45 cents, or about 1 percent, at...

  • *Genscape cites another big U.S. crude stock in Cushing- trade. NEW YORK, March 12- Global oil prices weakened on Thursday, with both benchmark Brent and U.S. crude surrendering early gains in volatile trading before the expiry of their front-month contracts and in fears of a supply build at the delivery point for U.S. oil. "The ship channel opening allows crude to get...