*Iraq exports reach 3.08 million bpd in April. NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and on pressure from a stronger dollar. June Brent crude fell 32 cents to settle at $66.46 a barrel, after falling to $65.52 and having earlier matched Thursday's 2015 peak of $66.93.» Read More
*U.S. rig count from Baker Hughes due 1:00 p.m. EDT. NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and prices were pressured also by a stronger dollar. June Brent was down 86 cents at $65.92 barrel at 11:37 a.m. EDT, after matching Thursday's 2015 peak of $66.93 and jumping 21 percent in April.
LONDON, May 1- Market participants expect the price of Brent to average around $75 per barrel through the rest of the decade, not much above the current level. Spot Brent prices have risen around $20 per barrel from their mid-January low, from $46 to $66, an increase of more than 40 percent. Over the same period, however, futures prices for oil delivered at the end of 2017...
CNBC's Jackie DeAngelis reports natural gas inventories. The rig count was down, and oil was too on the day. Nevertheless, crude was up more than 3 percent on the week.
*Iraq exports reach 3.08 million bpd in April. LONDON, May 1- Oil prices edged lower on Friday, easing off 2015 highs after Iraq said its crude oil exports hit a record in April, keeping Middle East production well above demand. Brent was down 48 cents at $66.30 a barrel by 1117 GMT.
LONDON, May 1- Crude oil prices edged lower on Friday, hovering near 2015 highs on expectations of tightening global supplies after posting their biggest monthly gain for six years in April. Brent was down 32 cents at $66.46 a barrel by 0836 GMT. U.S. crude was down 10 cents at $59.53, after hitting a 2015 high of $59.85 in post-settlement trading on Thursday.
TOKYO, May 1- Oil futures hovered around 2015- highs on Friday after posting their biggest monthly gains for six years in April, with trading thin as major markets were closed for the May Day holiday. Brent was down 5 cents at $66.73 a barrel by 0528 GMT. U.S. crude was up 8 cents at $59.69, after hitting a 2015- high of $59.85 in post-settlement trading on Thursday.
TOKYO, May 1- U.S. crude oil futures were steady around $59.70 a barrel in quiet trade on Friday with many major markets closed for May Day, after posting the biggest monthly gain in six years in April. *U.S. crude for June delivery was 4 cents higher at $59.67 a barrel by 1145 GMT. *OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or...
CORRECTED-REUTERS IN 2016, BRENT CRUDE TO AVERAGE $70.80/ BBL, U.S.
CORRECTED-REUTERS BRENT CRUDE OIL TO AVERAGE $59.40/ BBL IN 2015, VERSUS $59.20 IN MARCH POLL.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up again today. Traders say oil seems to be stabilizing around $60, and could hit $70 by the end of the year.
The Futures Now team discusses whether the rally in crude oil can continue. The FMHR traders have their energy picks.
CNBC's Jackie DeAngelis reports natural gas inventories.
*Brent crude oil seen averaging $60/ barrel, WTI $54.40 in 2015. April 30- Oil is likely to stay relatively weak for at least the next year, a Reuters poll forecast on Thursday, suggesting a slowdown in oil production in the United States will not be enough to offset a global supply glut. The price crash has forced some exploration companies to stop drilling for oil and...
Mike Scialla of Stifel forecasts oil will continue to climb and says that the previous downturn was due to a combination of supply growth in the U.S. and slack demand worldwide.
*Japan factory output down for 2nd month. SINGAPORE, April 30- Oil prices slipped away from five-month highs in early Asian trading on Thursday as Japanese factory output weakened for the second straight month. Brent crude futures dropped 26 cents from their last settlement to $65.58 a barrel by 0307 GMT.
SINGAPORE, April 30- Oil prices slipped away from five-month highs in early Asian trading on Thursday as Japanese factory output weakened for the second straight month. Brent crude futures dropped 41 cents from their last settlement to $65.43 a barrel by 0105 GMT. WTI crude was down 13 cents at $58.45 a barrel.
SEOUL, April 30- U.S. crude futures held around $58.50 a barrel on Thursday, near their highest this year as U.S. crude stockpiles grew less than expected after the first decline since November in stocks at the main U.S. delivery hub. *Brent crude futures, the more widely-used benchmark, shed 39 cents to $65.45, after finishing up $1.20 at $65.84 in a session that saw...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude hit its highest level this year as inventories were a little less than expected. Cushing stocks were down as well.
Luke Rahbari, Stutland Volatility, discusses how to trade oil.
Helima Croft, RBC head of commodity strategy; discusses the Saudi oil impact. I do not expect a shift in oil policy, it will continue to produce at high rates, says Croft.