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  • *Yemen conflict, Middle East turmoil support prices. NEW YORK, April 17- Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices. Brent June crude fell 53 cents to settle at $63.45 a barrel, having swung from $62.95...

  • *Yemen conflict, Middle East turmoil supports prices. NEW YORK, April 17- Brent crude seesawed, while U.S. crude fell on Friday after both contracts rallied to 2015 peaks the previous session, and turmoil in Yemen and the region limited losses. Brent June crude was steady at $63.98 a barrel at 1:41 p.m. EDT, having swung from $62.95 to $64.50 after posting Brent's...

  • US oil rigs decline to 734   Friday, 17 Apr 2015 | 1:12 PM ET
    US oil rigs decline to 734

    CNBC's Morgan Brennan reports U.S. oil rigs are down by more than half versus last year; and Jackie DeAngelis rounds up the price action in oil for the week.

  • BRENT CRUDE FUTURES TURN HIGHER, U.S.

  • Oil field services stocks due for comeback: Analyst Friday, 17 Apr 2015 | 11:44 AM ET
    Oil pumps and drilling equipment in an oil field in Kern County, where the majority of California's oil and gas production in Shafter, California.

    "We think we're close to a bottom in the oil field services cycle," Kurt Hallead of RBC Capital Markets said.

  • Close to a bottom in oil services: Pro   Friday, 17 Apr 2015 | 10:13 AM ET
    Close to a bottom in oil services: Pro

    Kurt Hallead, RBC Capital Markets analyst, gives an oil services outlook as Schlumberger announces 11,000 layoffs.

  • Gas prices spike inflation   Friday, 17 Apr 2015 | 10:00 AM ET
    Gas prices spike inflation

    CNBC's Kate Rogers on what's behind a slight increase in inflation.

  • Oil's next headache? Climate-minded investors Friday, 17 Apr 2015 | 3:00 AM ET
    The Philadelphia Energy Solutions refinery is shown Oct. 24, 2014, in Philadelphia.

    A group of investors sees a climate-related profit squeeze on oil, and they're calling for better disclosure from energy companies.

  • Lower oil prices lead to job cuts   Friday, 17 Apr 2015 | 6:45 AM ET
    Lower oil prices lead to job cuts

    CNBC's Kate Rogers reports on the rising number of job cuts in the oil industry.

  • LONDON, April 17- Lifting sanctions on Iran's oil industry could significantly change the outlook for oil supply and prices, the head of the U.S. Energy Information Administration told U.S. legislators. "If and when sanctions are lifted, EIA's baseline forecast for world crude oil prices in 2016 could be reduced $5- $15 per barrel," Adam Sieminski said to the...

  • It's all about inflation Friday Friday, 17 Apr 2015 | 5:59 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Friday's March consumer price index is more important since it is one piece of data traders say could change their assumptions on Fed policy.

  • Is the oil recovery here to stay?   Friday, 17 Apr 2015 | 5:30 AM ET
    Is the oil recovery here to stay?

    Michael Scialla, research analyst at Stifel, says that despite oil's volatility, he expects prices to rise in the next 18 months.

  • Prepare for a 'messy' year-end for oil: Citi Friday, 17 Apr 2015 | 9:19 AM ET

    The price of oil could come under serious pressure towards the end of the year if a recent bounce back in prices holds for the next few months, a closely-watched oil analyst has warned.

  • *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. Dipping output from the United States and other rival producers due to oil prices halving since June last year, increased demand for OPEC's supplies, the...

  • Oil Iraq OPEC

    Baker Hughes reported on Friday U.S. drillers took fewer rigs out of oilfields after the biggest drop in a month the previous week.

  • *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Brent crude oil prices fell over a dollar on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. "The strategy of OPEC to put pressure on the high-cost producers is working, but the individual members seem to have moved off that focus and...

  • Oil prices fall as OPEC production soars Thursday, 16 Apr 2015 | 8:54 PM ET

    *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Oil prices fell in early trading on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. "The strategy of OPEC to put pressure on the high-cost producers is working, but the individual members seem to have moved off that focus and are...

  • SINGAPORE, April 17- U.S. crude futures slipped towards $56 a barrel on Friday as soaring oil production from OPEC members stoked concerns over a global glut, but Middle East tensions kept a floor under prices. It climbed 32 cents to settle at $56.71 the day before, after hitting a 2015- high of $57.42. *Russian President Vladimir Putin said Iran's flexibility over...

  • Schlumberger cuts 11K more jobs as drilling falls Thursday, 16 Apr 2015 | 5:42 PM ET
    Rig hands from Schlumberger Ltd. And Cofor work on the floor section of a drilling rig at the geothermal energy extraction site operated by Semhach SA in Villejuif, France.

    Oil equipment provider Schlumberger on Thursday said it would cut an additional 11,000 jobs, which brings the total number of cuts to 20,000.

  • It's all about inflation Friday Thursday, 16 Apr 2015 | 5:31 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Friday's March consumer price index is more important since it is one piece of data traders say could change their assumptions on Fed policy.