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  • *Demand weak in Europe, Asia but supplies ample. *US, EU prepare more sanctions on Russia over Ukraine. LONDON, July 28- Brent crude oil slipped below $108 a barrel on Monday as weak demand in Europe and Asia and ample supply in the Atlantic basin outweighed political tensions in Ukraine and the Middle East.

  • *Gaza fighting subsides with Hamas backing 24- hour truce. *U.S., EU prepare more sanctions on Russia over Ukraine conflict. SINGAPORE, July 28- Brent crude slipped near $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.

  • *Gaza fighting subsides with Hamas backing 24- hour truce. *U.S., EU prepare more sanctions on Russia over Ukraine conflict. SINGAPORE, July 28- Brent crude slipped below $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.

  • *Gaza fighting subsides with Hamas backing 24- hour truce. *U.S., EU prepare more sanctions on Russia over Ukraine conflict. SINGAPORE, July 28- Brent crude slipped below $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.

  • That offset continuing violence in Gaza, Libya and Ukraine. *U.S. crude futures for September delivery fell 39 cents to $101.70 a barrel by 0009 GMT, after finishing 2 cents higher on Friday.

  • NEW YORK, July 25- Brent oil prices reversed early losses to climb more than $1 a barrel on Friday, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market.

  • Commodities Next Week: Energy mixed     Friday, 25 Jul 2014 | 3:40 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. WTI was down but Brent crude was up on the day. Nat gas was down and gold was up.

  • The Week Ahead: 'Sharknado 2' hits TVs     Friday, 25 Jul 2014 | 3:38 PM ET

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Retailers head back to school. The Fed meets next week, and Friday brings a big labor report.

  • This surprising asset may become a new safe haven Friday, 25 Jul 2014 | 12:34 PM ET
    A worker secures a section of drill pipe on a crude oil rig outside New Town, N.D.

    U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.

  • NEW YORK, July 25- Brent crude oil prices shot more than $1 higher at mid-morning on Friday while U.S. oil erased early losses, with traders linking the gains to talk that further Western sanctions on Russia could hit oil exports.

  • BRENT CRUDE EXTENDS GAINS TO MORE THAN $1, TRADERS CITE CONCERNS OVER FURTHER SANCTIONS ON RUSSIA.

  • BRENT CRUDE OIL PRICES JUMP, U.S.

  • LONDON, July 25- Oil fell below $107 a barrel on Friday as plentiful supply outweighed concerns over conflicts in the Middle East and Ukraine. Brent crude for September delivery traded 18 cents lower at $106.89 a barrel by 1400 GMT.

  • LONDON, July 25- Oil held steady around $107 a barrel on Friday, as plentiful supply countered any premium to the price caused by concern over conflict in the Middle East and Ukraine. Conflicts in Ukraine, Gaza and Iraq continued, but failed to push prices higher as global supplies remained ample.

  • Oil rises just above $102 a barrel Friday, 25 Jul 2014 | 2:21 AM ET

    Oil prices had slipped Thursday after spiking earlier in the week on lower U.S. inventories and tensions in Ukraine and the Middle East. Benchmark U.S. crude for September delivery rose 2 cents to $102.09 a barrel on the New York Mercantile Exchange.

  • *Libya oil production rises to 500,000 barrels per day. SINGAPORE, July 25- Brent crude held steady above $107 a barrel on Friday, on track to end the week flat as plentiful supplies held down any run-up in prices from geopolitical tensions in oil producing regions.

  • Helge Lund, CEO of Statoil, says he is "skeptical" about the potential shale gas volume that can be obtained from Europe.

  • *Libya oil production rises to 500,000 barrels per day. SINGAPORE, July 25- Brent crude held steady above $107 a barrel on Friday, on track to end the week flat as tensions in oil producing regions supported prices against weak demand and plentiful supplies.

  • US oil ends under $102; Brent rises on Ukraine Friday, 25 Jul 2014 | 2:36 PM ET
    Pump jacks and wells are seen in an oil field on the Monterey Shale formation where gas and oil extraction using hydraulic fracturing, or fracking, is on the verge of a boom, March 23, 2014 near McKittrick, California.

    Brent crude oil rose above $108 a barrel, as fighting in Ukraine and chilly relations between Russia and the U.S. ignited new supply fears.

  • *U.S. crude for September delivery was down 6 cents at $102.01 a barrel by 0024 GMT, after settling $1.05 lower. *The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.