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  • *Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...

  • NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.

  • NEW YORK, March 4- Oil prices fell on Wednesday after U.S. crude stock builds were more than twice levels forecast, although prices held off recent lows after Saudi Arabia's oil minister said he expected prices to recover soon from the selloff of recent months. "It's another bearish data point in an already bearish fundamental environment," said Dominick...

  • *Saudi Arabia raises monthly prices for crude sales. LONDON, March 4- Brent crude oil extended losses to fall below $60 a barrel on Wednesday after a much larger-than-expected build in U.S. crude stocks, while Saudi Arabia's oil minister said he expected the market to balance itself and prices to recover. April Brent fell $1.46 to $59.56 by 1538 GMT, dropping below...

  • *Fighting escalates in Libya, militants seize oilfield. LONDON, March 4- Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes and militant raids on oil facilities in Libya. In a move widely seen as showing Saudi Arabia's confidence in a demand recovery, the OPEC kingpin raised official selling prices for its...

  • *Speculation over Iran nuclear deal, higher Libyan output weigh. *Coming Up: American Petroleum Institute report on Tuesday. NEW YORK, March 2- Brent futures fell 5 percent, its most in a month, on Monday as speculation of a nuclear deal that could lift Iran's sanctions and boost its oil exports brought worries about high supplies back to the market.

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • *Iran Foreign Minister: nuclear deal possible this week. *'Long way to go' to reach Iran nuclear deal- Kerry. LONDON, March 2- Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear program could be agreed this week if the West lifts sanctions, which could boost the country's oil exports.

  • Feb 26- Western Refining Inc reported a better-than-expected adjusted quarterly profit on Thursday as lower crude oil prices helped improve refining margins. Growing output from the Permian Basin in Texas and New Mexico, where Western's refineries are located, has combined with inadequate pipeline infrastructure to create a glut and suppress crude...

  • *Saudi Arabia's oil minister said sees demand improvement. NEW YORK, Feb 25- Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected. Brent April crude rose $2.97 to settle at at $61.63 a barrel.

  • *Saudi Arabia's oil minister said sees demand improvement. NEW YORK, Feb 25- Crude oil futures rose on Wednesday after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected. Brent April crude was up $1.34 at $60.00 a barrel at noon EST.

  • Feb 25- Chesapeake Energy Corp on Wednesday said it would slash its 2015 spending and rig count in response to low crude oil prices that also pushed its fourth-quarter profit below Wall Street expectations. Chesapeake forecast total capital expenditures of $4 billion to $4.5 billion this year, down from $6.7 billion in 2014.. Analysts at CapitalOne...

  • Prices faltered after being lifted by news the Sarir and the nearby oilfields in Libya were shut by a power cut, dealing another blow to exports from the embattled OPEC member nation. "The supply dynamic will be reinforced by the inventory reports and the data are simply too compelling to ignore, and it has consistently undermined the recent rallies," said John...

  • UPDATE 8-Oil lifted after Libya's largest field shuts Tuesday, 24 Feb 2015 | 12:42 PM ET

    NEW YORK, Feb 24- Crude oil futures rose on Tuesday on news that production had stopped at Libya's largest oilfield. The Sarir and the nearby Messla oilfields in Libya were shut because of a power cut, dealing another blow to exports from the embattled OPEC member nation. Brent April crude was up 52 cents at $59.42 a barrel at 12:24 p.m. EST.

  • NEW YORK, Feb 23- Crude oil futures were lower on Monday as investors worried about oversupply and a strong dollar, but heating oil jumped about 6 percent for a second straight day due operational problems at major U.S. refineries. "It's a worry of high supplies with crude and tight supplies with heating oil," said Gene McGillian, senior analyst at Tradition Energy in...

  • NEW YORK, Feb 23- Oil prices were down on Monday on worries of oversupply and a strong dollar, but bets the market had hit bottom after a seven-month selloff limited the downside, traders said. The largest U.S. refinery strike in 35 years, involving workers at 12 refineries that account for one-fifth of the national production capacity, has also been a negative for...

  • CHICAGO, Feb 20- Slumping demand for meat on the U.S. Friday's USDA report showed January pork inventories totaled 596.5 million pounds, up 18 percent from December, partly due to increased production. Ron Plain, a University of Missouri livestock economist, attributed the bulge in cold storage to the inability to move meat off the West Coast.

  • *Output from Saudi Arabia may also be rising- PIRA. LONDON, Feb 19- Brent crude oil prices fell below $59 a barrel on Thursday after U.S. government data showed crude stocks hit a record high last week. Benchmark Brent crude futures for April were down $1.83 at $58.70 by 1618 GMT, having hit an intraday low of $57.80 earlier in the session, extending declines from...

  • Boeing wins $403 mln upgrade deal for Japan govt Friday, 13 Feb 2015 | 7:09 PM ET

    WASHINGTON, Feb 13- Boeing Co has won a contract valued at $403 million to upgrade four 767- based airborne warning and control aircraft for the government of Japan, the Pentagon said in its daily list of major contract awards on Friday. The contract is a modification of an earlier award, and includes upgrades of four E-767 Japan Airborne Warning and Control...