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  • News Corp., which publishes The Wall Street Journal, fell 7 percent after its results missed analysts' forecasts. Noodles& Co. plunged 18 percent after also reporting disappointing results. Oil rose 52 cents to $60.91 a barrel.

  • NEW YORK, May 6- U.S. crude oil stockpiles fell last week for the first time since the week ending Jan. 2 as imports slowed, while gasoline and distillate inventories rose, data from the Energy Information Administration showed on Wednesday. "Lower imports seem to be the main driver for the draw down," said Dominick Chirichella, senior partner at the Energy Management...

  • Crude draw down 3.88 million barrels   Wednesday, 6 May 2015 | 10:30 AM ET
    Crude draw down 3.88 million barrels

    CNBC's Jackie DeAngelis reports the draw down in crude oil inventories came in more than expected.

  • Cramer: Don’t like oil rising every day—here’s why Wednesday, 6 May 2015 | 10:42 AM ET
    Gas pump gasoline prices Europe Belgium

    CNBC's Jim Cramer explains why he does not like oil prices rising every day.

  • US stocks falling after weak jobs data; oil prices rise Wednesday, 6 May 2015 | 10:27 AM ET

    NEW YORK— U.S. stocks fell broadly in noon trading Wednesday after the release of weak U.S. economic reports. ENERGY RISING: Oil drillers and other energy-related companies rose 0.4 percent as benchmark U.S. crude rose 75 cents to $61.30 a barrel on the New York Mercantile Exchange. DRUG BOOST: Shares of Synageva BioPharma soared 115 percent after Alexion...

  • North Dakota town evacuated after oil train derails Wednesday, 6 May 2015 | 11:13 AM ET
    A BNSF oil train derailed near Heimdal, N.D., on May 6, 2015.

    A North Dakota town was evacuated after an BNSF oil train derailed.

  • Cramer: Why I don't like higher oil every day   Wednesday, 6 May 2015 | 10:10 AM ET
    Cramer: Why I don't like higher oil every day

    CNBC's Jim Cramer explains why he does not like oil's sudden price surge.

  • *Azeri, African, North Sea oil languishes unsold. Tens of millions of barrels are struggling to find buyers in Europe with traders of West African, Azeri and North Sea crude blaming poor demand. Benchmark Brent oil futures prices more than halved between June 2014 and January 2015 after OPEC refused to cut output and instead chose to undercut more expensive...

  • *Reflation putting end to deflation scare. SYDNEY/ LONDON, May 6- A rapid revival of commodity prices and a sudden sell-off in top-rated, low-yielding bonds have signalled the passing of this year's global deflation scare, forcing a rethink of both the consumer price outlook and investments worldwide. "There has been a profound easing in financial conditions...

  • May 6- Husky Energy Inc, Canada's No.3 integrated oil company, reported a 71 percent drop in quarterly profit, hurt by weak oil and gas prices. Cash flow from operations, an indicator of the company's ability to pay for new projects, declined more than 45 percent to C $838 million, or 85 Canadian cents per share, in the first quarter ended March 31, Husky Energy said on...

  • How oil is causing bond yields to spike Wednesday, 6 May 2015 | 8:23 AM ET

    Market participants are questioning whether a recent climb in oil prices has caused a spike in bond yields.

  • May 6- Enbridge Inc, Canada's largest pipeline company, reported a lower-than-expected adjusted quarterly profit, hurt by hedging losses due to a steep drop in oil and gas prices. Excluding one-time items, Enbridge's profit fell to C $468 million, or 56 Canadian cents per share, in the first quarter ended March 31 from C $492 million, or 60 Canadian cents per share, a...

  • Oil at fresh highs for the year   Wednesday, 6 May 2015 | 8:00 AM ET
    Oil at fresh highs for the year

    Oil prices are at their highest level of the year.

  • LONDON, May 6- Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East. Brent crude jumped by $1.36 to $68.88 a barrel by 0855 GMT, after hitting a 2015 peak of $69.14. "We haven't seen hedge funds and money managers to be as optimistic and bullish as they are...

  • Oil price will recover further: Lundin Petroleum CEO

    Lundin Petroleum CEO, Ashley Heppenstall, says he believes the oil price will recover.

  • *OPEC set to keep production unchanged at June 5 meeting. *Saudi Arabia keeps prices unchanged for Asian buyers. SINGAPORE, May 6- Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been supported by a weaker dollar and a disruption to crude exports from Libya.

  • BRENT CRUDE OIL FUTURES CLIMB $1 TO $68.52 A BARREL, A 2015 HIGH.

  • CRUDE OIL CLIMBS MORE THAN $1 TO $61.45 A BARREL; HITS FRESH 2015 HIGH.

  • *OPEC set to keep production unchanged at June 5 meeting. Oil bulls have pushed prices higher this week, after a rally of between 20 percent and 25 percent in April, despite a continued build in U.S. crude stockpiles and indications that the OPEC cartel will keep production at current high levels at a meeting next month. The bank raised its average 2015 Brent...

  • Oil rallies as crude stocks fall Wednesday, 6 May 2015 | 11:54 AM ET
    Pipeline and crude storage tanks in Cushing Oklahoma.

    Oil bulls have pushed prices higher this week, after a 20% rally in April.