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  • HOUSTON, Dec 12- Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms. But I don't think anybody is going to be able to add on significantly more debt, "said Christian Ledoux, a senior portfolio manager at San Antonio-...

  • Best-known is Continental Resources, which lifted its hedges in early November, when oil was trading at around $83 a barrel, leaving it unprotected as prices slipped another $20, the most dramatic drop since the 2008 crisis. Apache Corp and Whiting Petroleum are also exposed to lower prices and have underperformed some peers over the past two weeks.

  • *OPEC trims world oil demand forecast to 28.92 mln bpd. *Brent crude falls below $65/ bbl, lowest since Sept 2009. LONDON, Dec 10- Brent crude oil fell to a new five-year low below $65 a barrel on Wednesday on mounting signs of oversupply and lacklustre demand as global economic growth falters.

  • Health report card: Less smoking, too much eating Wednesday, 10 Dec 2014 | 12:01 AM ET

    Life expectancy is up, smoking is down, and obesity rates are on the rise again according to the new edition of America's Health Rankings.

  • *U.S. crude for January delivery was down 57 cents at $63.25 a barrel by 0000 GMT. The contract gained 77 cents at the close on Tuesday after falling to as low as $62.25, its weakest since July 2009. *Brent crude settled 65 cents higher at $66.84 after dropping to $65.29, its lowest since September 2009.

  • Dec 9- Spirit AeroSystems Holdings Inc, an aircraft parts maker, said it will pay rival supplier Triumph Group Inc $160 million to take over its wings contract for two Gulfstream business jets. Triumph, based in Berwyn, Pennsylvania, said the deal would immediately add to its earnings and boost annual revenue by $250 million. Gulfstream, a unit of General Dynamics...

  • Dec 9- Aircraft fuselage maker Spirit AeroSystems Holdings Inc said it would pay aero parts supplier Triumph Group Inc $160 million to take its business that makes wings for two Gulfstream jets. Spirit will incur a loss of $1.45- $1.65 per share on the transaction, which is expected to close this year, the company said. Spirit put its Tulsa, Oklahoma operations,...

  • Oil and the banks: As prices fall, risks may rise Monday, 8 Dec 2014 | 4:09 PM ET

    Falling oil prices may be good news for consumers at the gas pumps, but they're bad news for some bankers in the oil patch.

  • And the state with the cheapest gasoline is... Friday, 5 Dec 2014 | 2:36 PM ET
    A gas station attendant fills a customer's vehicle in Turnersville, N.J., Dec. 4, 2014.

    The gap between the most and least expensive U.S. state in average gas prices is the widest in 10 years.

  • *Saudi Arabia sees price floor of around $60- WSJ. LONDON, Dec 4- Brent crude oil steadied around $70 a barrel on Thursday as investors searched for a stable price range after a near 40 percent fall since June. "If you look at what has happened in the last few days, we seem to be sitting around $70 a barrel," said Olivier Jakob, oil analyst at Petromatrix in Zug, Switzerland.

  • SINGAPORE, Dec 4- Brent crude rose above $70 a barrel on Thursday, gaining nearly a percent along with U.S. futures as a fall in crude stockpiles in the United States supported prices. The contract settled below $70 on Wednesday after a report suggested Saudi Arabia expected still lower prices for oil. Many analysts expect prices to head still lower after recent...

  • Brent nudges up above $70 ahead of U.S. data Wednesday, 3 Dec 2014 | 9:42 PM ET

    SINGAPORE, Dec 4- Brent crude rose above $70 a barrel on Thursday, making small gains along with U.S. futures, as a fall in crude stockpiles in the United States supported prices. Analysts expect prices to head lower despite recent steep falls as U.S. shale oil production growth stays strong while OPEC has decided not to cut supply, preferring to protect market share.

  • SINGAPORE, Dec 4- U.S. crude futures extended gains towards $68 a barrel on Thursday, buoyed by positive inventory data. *U.S. crude futures had risen 31 cents to $67.69 a barrel by 0010 GMT, after a 50- cent gain in the previous session. *The euro staggered at two-year lows early on Thursday, finding few friends in a market that is wagering the European Central Bank will...

  • *OPEC oil supply falls 340,000 bpd in Nov due to Libya- survey. "There has been a technical bounce back from the very strong declines that we have seen in the lead-up to and after the OPEC meeting," said Harry Tchilinguirian, an oil analyst at BNP Paribas in London. Brent for delivery in January was up 46 cents at $71 a barrel by 1450 GMT after falling by $2 on Tuesday on a...

  • *OPEC oil supply falls 340,000 bpd in Nov due to Libya- survey. Brent hit a five-year low below $68 a barrel on Monday after averaging around $110 a barrel in 2011 to 2013. "There has been a technical bounce back from the very strong declines that we have seen in the lead-up to and after the OPEC meeting," said Harry Tchilinguirian, an oil analyst at BNP Paribas in London.

  • *OPEC oil supply falls 340,000 bpd in Nov due to Libya- survey. Brent for delivery in January rose 62 cents to $71.16 a barrel by 0839 GMT after falling $2 on Tuesday. U.S. crude for January delivery was at $67.54 a barrel, off the day's high of $67.97, but up 66 cents from the previous session when prices dropped more than $2.

  • Cramer Remix: The best stocks to own now Tuesday, 2 Dec 2014 | 7:07 PM ET

    It’s this stock, and its partner in crime, that "Mad Money" host Jim Cramer believes are heading higher.

  • SINGAPORE, Dec 3- U.S. crude futures gained more than one percent on Wednesday, rising close to $68 a barrel, after industry data showed a larger than expected drop in crude oil inventories in the United States. *OPEC's oil supply in November fell by 340,000 barrels per day as a recovery in Libya faltered, a Reuters survey found, although a lack of deliberate cutbacks...

  • T Boone Pickens tells Cramer: $100 oil will return Tuesday, 2 Dec 2014 | 6:24 PM ET
    T. Boone Pickens, chief executive officer of BP Capital Management

    As oil prices fall fast, Jim Cramer turned to T Boone Pickens for his expert opinion on where energy could be headed.

  • *OPEC should "monitor the market carefully"- Iran. LONDON, Nov 26- Brent crude oil dropped towards $77 per barrel on Wednesday after comments by Iran's oil minister added weight to the view OPEC was unlikely to push for a major change in output. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna.