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  • GLOBAL MARKETS-Dollar off recent peaks; stocks, Brent up Thursday, 12 Mar 2015 | 11:22 AM ET

    NEW YORK, March 12- The dollar softened the most in a month against a basket of currencies on Thursday, giving stocks and some commodities respite after sharp sell-offs triggered by expectations of the U.S. Stocks opened higher on Wall Street, led by bank shares after the Fed approved most of their capital plans, many of which included share repurchases and...

  • *Genscape says Cushing stocks up by 2.2 mln bbls from Mar 6. LONDON, March 12- Crude oil futures diverged on Thursday with Brent rising towards $58 a barrel on Thursday as the dollar weakened, while U.S crude futures fell below $48 a barrel after industry monitors estimated another big stock build at the Cushing, Oklahoma, delivery point for U.S. crude.

  • HOUSTON, March 11- Blueknight Energy Partners LP has increased storage rates and lengthened contracts at the key U.S. oil hub in Cushing, Oklahoma, which is expected to reach full capacity in the next two months due to cheap crude supplies. He said nine-month contracts were renewed at 23 months, and all of the company's 6.6 million barrels of crude storage at...

  • NEW YORK, March 11- Brent rebounded from a one-month trough on Wednesday while U.S. crude fell to February lows after oil inventories in the United States hit record highs. "We have to go back to the 1930 s to find this much oil in the United States," said James L. Williams, energy economist at WTRG Economics in London, Arkansas. London- traded Brent's front-month rose 62...

  • LONDON, March 11- Brent crude rebounded from a one-month low below $56 a barrel on Wednesday as traders bought the international benchmark and sold its U.S. rival, after data showed a large increase in U.S. oil stocks last week. "The fear of global supply glut that sent crude prices to six-year lows continues to hang over the market," said Gene McGillian, senior analyst...

  • *Russia will discuss U.S. shale with OPEC- energy minister. LONDON, March 11- Brent crude rose to $57 a barrel on Wednesday, rebounding after hitting a one-month low as a surprise drop in U.S. oil stocks overshadowed a rally in the dollar and global oversupply. Brent for April delivery hit a one-month low of $55.92 a barrel before recovering to trade up 62 cents at...

  • *Russia will discuss U.S. shale with OPEC- energy min. LONDON, March 11- Brent crude oil slipped to a one-month low below $56 a barrel on Wednesday before steadying as a rally in the U.S. dollar and global oversupply weighed. Russia's crude oil exports are also set to rise this year, Energy Minister Alexander Novak said, despite some expectations of a plunge in...

  • SINGAPORE, March 11- Brent crude rose towards $57 a barrel on Wednesday, paring some of the previous session's sharp losses, after data showed U.S. crude stocks fell for the first time in two months. Brent for April delivery rose 45 cents to $56.84 a barrel by 0540 GMT after dropping $2.14, or 3.66 percent, in the previous session. U.S. crude inventories in the week to...

  • Brent rebounds towards $57 after U.S. crude stocks fall Tuesday, 10 Mar 2015 | 11:30 PM ET

    SINGAPORE March 11- Brent crude rose towards $57 a barrel on Wednesday, paring some of the previous session's sharp losses, after data showed U.S. crude stocks fell for the first time in two months. Brent for April delivery rose 27 cents to $56.66 a barrel by 0327 GMT after dropping $2.14, or 3.66 percent, in the previous session. U.S. crude inventories in the week to...

  • *Brent-U.S. crude spread at 3- week low under $8 a barrel. Brent, the London- traded global oil benchmark, slumped more than 3 percent. Even so, WTI fell less than Brent as players bet on a further narrowing of its discount to the London benchmark after forecasts for a modest build last week in the Cushing, Oklahoma delivery point for U.S. crude versus the rest of the...

  • Brent, the London- traded global oil benchmark, slumped more than 3 percent as expectations of a mid-year U.S. rate hike sent the dollar soaring to multi-year highs, making commodities denominated in the greenback costlier for holders of other currencies. Traders said WTI saw less pressure than Brent as players bet on a further narrowing of its discount to the...

  • LONDON, March 10- Brent crude futures fell to around $57 a barrel on Tuesday as the dollar hit multi-year highs and the oil market remained hobbled by oversupply and weak demand. At 1429 GMT, Brent was down $1.52 at $57.01 a barrel, having touched an intraday low of $56.81 after U.S. traders arrived at their desks. "In order to balance the market we need the supply glut to...

  • LONDON, March 10- Brent crude futures dipped below $58 a barrel on Tuesday as the dollar scaled multi-year highs and the oil market remained hobbled by oversupply and weak demand. At 0940 GMT, Brent was down 81 cents at $57.72, while U.S. crude was 41 cents lower at $49.59. "In order to balance the market we need the supply glut to be brought down, by rising demand or lower...

  • SINGAPORE, March 10- Brent crude fell towards $58 a barrel on Tuesday as the dollar scaled multi-year highs, but data showing a recovery in China's annual consumer inflation checked losses. Brent fell 52 cents to $58.01 by 0817 GMT, while U.S. crude dropped 34 cents to $49.66. Both benchmarks had risen earlier in the day to $58.72 and $50.36, respectively,...

  • SINGAPORE, March 10- Brent crude gave up most of its early gains and steadied above $58.50 a barrel on Tuesday, supported by data showing annual consumer inflation in top energy consumer China recovered last month while a firmer dollar kept a lid on prices. China, which is battling growing deflationary pressures, saw consumer inflation rise 1.4 percent in...

  • SINGAPORE, March 10- Brent crude gave up most of its early gains and steadied above $58.50 a barrel on Tuesday, supported by data showing annual consumer inflation in top energy consumer China recovered last month while a firmer dollar kept a lid on prices. China, which is battling growing deflationary pressures, saw consumer inflation rise 1.4 percent in...

  • *U.S. crude lifted by modest Cushing build vs expectations. NEW YORK, March 9- Brent prices fell 2 percent on Monday pressured by European Central Bank bond-buying, while U.S. crude rose about 1 percent on a smaller-than-expected build in inventories at the key Cushing oil hub, leading to a narrowing gap between the two benchmarks. Genscape estimated a 157,000-...

  • *Alcoa to buy RTI International for $1.5 bln. Alcoa Inc said it would buy RTI International Metals Inc for $1.5 billion. Alcoa lost 6.4 percent to $13.55 while RTI jumped 38 percent to $37.62.

  • NEW YORK, March 9- Benchmark Brent crude prices fell on Monday pressured by European Central Bank bond-buying, while U.S. crude rose on bullish storage data, leading to a narrowing gap between the two benchmarks. Brent was pressured as the ECB started buying bonds under its quantitative easing program, a move that implies a certain level of deflation, said Bob...

  • NEW YORK, March 9- Oil prices rose on Monday, rebounding from early losses, after market data firm Genscape reported a modest stock build last week at the Cushing, Oklahoma delivery point for U.S. crude. West Texas Intermediate crude jumped $1, or about 2 percent, to $50.61 a barrel by 10:58 a.m. EDT. The front-month in benchmark Brent crude, down nearly $1 earlier in...