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  • NEW YORK, Oct 24- Brent oil prices fell on Friday but were little changed on the week as traders caught their breath from a months-long rout, even as signs of rising global supply and a U.S. contango structure threatened deeper losses. Contracts for December delivery settled down $1.08 at $81.01 per barrel, dropping $1.74 since last Friday. Global prices seesawed...

  • Venezuelans brace for slump in oil prices Friday, 24 Oct 2014 | 1:39 PM ET

    CARACAS, Venezuela— The falling oil prices that are providing relief to drivers around the world threaten to bring more misery to the life of Milagro Alvarez and millions of other Venezuelans, whose country depends almost exclusively on oil revenue. Now Venezuela is suddenly a lot less rich, and many fear those lines will just get longer. In Venezuela, where 95...

  • NEW YORK, Oct 24- Oil prices lurched lower before paring some losses on Friday, with traders jittery over more signs of abundant crude supplies in the near term and a shift in U.S. markets toward a weakened contango structure. December oil futures fell by more than $1 a barrel to hover about 20 cents above the January contract, threatening to flip to a discount versus...

  • MOSCOW, Oct. 24- There are "very big risks" that Russia's economic growth could turn negative in 2015 if oil prices remain close to present levels, Economy Minister Alexei Ulyukayev said on Friday, news agency Interfax reported. The price of oil, Russia's major export, has plummeted in recent months, falling around almost $30 since June to around $85 per barrel.

  • *Equities fall on confirmed case of Ebola in New York. *Commerzbank cuts price forecast on bearish OPEC signals. LONDON, Oct 24- Brent crude fell below $86 a barrel on Friday on news of strong supply from Middle Eastern OPEC producers and as a confirmed case of Ebola in New York spooked global equities markets.

  • Iraq's oil exports rising in October despite unrest Friday, 24 Oct 2014 | 6:43 AM ET

    LONDON, Oct 24- Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing, a further sign that fighting has not derailed an expansion of supplies from OPEC's second-largest producer. Four months after an advance by Islamic State into northern Iraq sent oil prices soaring to $115 a barrel, the...

  • *Equities fall on confirmed case of Ebola in New York. *Saudi Arabia supply to market fell in September. LONDON, Oct 24- Brent crude fell oil to around $86 a barrel on Friday after a confirmed case of Ebola in New York raised fears that travel restrictions could trim jet fuel demand, and poor economic growth expectations weighed on projected oil demand.

  • *All eyes on OPEC meeting on Nov. 27. SINGAPORE, Oct 24- Brent reversed sharp overnight gains and fell towards $86 a barrel on Friday as investors' risk appetite took a hit from news that a doctor in New York City tested positive for Ebola. This could curb travel and that's how it could feed through to the oil markets, "said Ben Le Brun, market analyst at OptionsXpress in...

  • *All eyes on OPEC meeting on Nov. 27. SINGAPORE, Oct 24- Brent reversed sharp overnight gains and fell towards $86 a barrel on Friday as investors' risk appetite took a hit from news that a doctor in New York City tested positive for Ebola. This could curb travel and that's how it could feed through to the oil markets, "said Ben Le Brun, market analyst at OptionsXpress in...

  • NEW YORK, Oct 23- A highly anticipated study by the U.S. Energy Information Administration will show that domestic oil prices will not rise if the U.S. ban on oil exports is lifted, the agency's top administrator said Thursday. Sieminski, a former chief energy economist for Deutsche Bank, made the comments while taking questions about the issue during an energy...

  • SINGAPORE, Oct 24- U.S. crude futures pulled back on Friday to trade below $82 a barrel, after rising the most since mid-September in the previous session on news that top oil exporter Saudi Arabia supplied less oil to the market last month. *U.S. crude for December delivery had dropped 31 cents to $81.78 a barrel by 0016 GMT, after gaining $1.57 on Thursday.

  • Commodities tomorrow: What will OPEC do?     Thursday, 23 Oct 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil finished strong today, as stocks were up, as well. Meanwhile, gold got whacked today.

  • Stocks surge as US companies report higher profits Thursday, 23 Oct 2014 | 2:40 PM ET

    Caterpillar and 3 M led the gains among industrial stocks, which rose significantly more than the rest of the market. Caterpillar rose 5 percent and 3 M rose 4 percent after each company reported earnings that impressed investors. Crude oil rose $1.57 to settle at $82.09 a barrel in New York.

  • Bernstein Research said this week that about a third of U.S. shale production would be uneconomical if oil prices were to fall to $80 per barrel. E&P industry needs $90 NYMEX, about $100 Brent, oil prices to maintain the current oil rig count of 1,500-1,600 rigs, which is intrinsic to our U.S. oil production outlook. MORNINGSTAR INC "Our analysis suggests that the...

  • Who's buying the oil that makes ISIS millions? Thursday, 23 Oct 2014 | 1:42 PM ET
    Members loyal to the Islamic State in Iraq and the Levant (ISIL) wave ISIL flags as they drive around Raqqa June 29, 2014.

    ISIS makes its fortune by selling oil from seized territory to its enemies, NBC News reports.

  • UPDATE 6-Brent jumps on Saudi supply cut, strong data Thursday, 23 Oct 2014 | 12:45 PM ET

    *Saudi Arabia increases Sept output but cuts market supply. *All eyes on OPEC November meeting. NEW YORK, Oct 23- Brent crude oil jumped as much as $2 a barrel on Thursday after an industry source said Saudi Arabia cut output in September following the summer's tumble in prices.

  • Occidental Q3 earnings below Street expecations Thursday, 23 Oct 2014 | 11:52 AM ET
    The Occidental Petroleum headquarters in Los Angeles.

    Occidental Petroleum's third quarter sales were below analyst expectations at $6 billion.

  • Corporate earnings gains drive US stock higher Thursday, 23 Oct 2014 | 9:40 AM ET

    NEW YORK— Impressive results from Caterpillar, 3 M and other big companies are driving stocks sharply higher in midday trading. Southwest Airlines gained 2 percent after reporting income that was better than analysts were expecting. The price of crude oil rose $1.27 to $81.80 a barrel in New York.

  • Nat gas inventories increase 94 BCF     Thursday, 23 Oct 2014 | 10:30 AM ET

    CNBC's Jackie DeAngelis reports latest data on natural gas inventories.

  • CAT analyst remains neutral     Thursday, 23 Oct 2014 | 10:06 AM ET

    Ann Duignan, JPMorgan, gives kudos to Caterpillar, after the company reported a strong quarter. Duignan remains neutral on the stock.