• SINGAPORE, Jan 30- Oil prices dipped on Friday following slight gains in the previous session and analysts said the outlook remained weak, with production high and producers reducing operating costs to adjust to lower export revenues. Benchmark Brent crude oil futures opened Friday's trading little changed at $49.15 a barrel and had slipped to $49.03 by 0433...

  • SINGAPORE, Jan 30- Oil prices dipped in early trading on Friday following slight gains in the previous sessions, and analysts said the outlook remained weak with production high and producers reducing operating costs to adjust to lower export revenues. Benchmark Brent crude oil futures opened Friday's trading with losses, opening at $49.15 a barrel at 0100...

  • SEOUL, Jan 30- U.S. crude futures held above $44.50 a barrel on Friday as U.S. jobless data signaled further strength in the world's largest economy, while the market awaits more U.S. economic and Chinese PMI data for direction. *U.S. crude futures gained 10 cents to $44.63 a barrel as of 0005 GMT. Crude settled up 8 cents at $44.53 a barrel in the previous session,...

  • Investors welcomed better-than-expected quarterly results from several companies, including Ford, Coach and Harley-Davidson. Benchmark U.S. crude oil rose 8 cents to close at $44.53 a barrel. "We've had a bit of a turnaround since the lows we saw earlier in the day," said Anastasia Amoroso, global market strategist at J.P.

  • Why is the dollar rising? What you need to know Thursday, 29 Jan 2015 | 4:28 PM ET
    An employee counts euros and U.S. dollar notes in a currency exchange store in Lisbon, Portugal.

    CNBC Explains: What makes the value of a currency rise or fall?

  • NEW YORK, Jan 29- Global oil prices firmed slightly on Thursday but not before U.S. crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high U.S. oil inventories. But crude futures in New York fell to an April 2009 bottom by midmorning, and only rose toward the close on short-covering.

  • HOUSTON/ WILLISTON, N.D., Jan 29- ConocoPhillips and Occidental Petroleum Corp on Thursday slashed exploration spending plans for this year, as the third- and fourth-largest U.S. oil companies attempt to cope with a steep slide in crude prices. The cuts follow similar steps by rival Hess Corp earlier this week while Royal Dutch Shell, Europe's largest oil company,...

  • As oil prices crater, hedge funds dive in Thursday, 29 Jan 2015 | 1:21 PM ET

    Hedge funds in both the U.S. and abroad are grabbing at investment opportunities in a distressed energy sector.

  • Declining oil prices to hurt Colombia's economy Thursday, 29 Jan 2015 | 12:27 PM ET

    BOGOTA, Colombia— Investors are dumping stocks in Colombia's largest private oil company as the government prepares for mass layoffs sparked by the plunge in crude prices. The company, a major tax revenue generator, is also ending its sponsorship of Colombia's national soccer team. Colombia's Labor Ministry said Thursday it expects the oil industry to shed up...

  • NEW YORK, Jan 29- U.S. crude oil fell below $44 a barrel for the first time since April 2009 on Thursday while benchmark Brent sharply pared early gains after data showing additions to already record-high U.S. oil inventories. But crude futures in New York were near a six-year low by midmorning after a report from oil services firm Genscape, which a market source...

  • Sasol choking on oil glut—holds $14B expansion Thursday, 29 Jan 2015 | 11:48 AM ET
    Gas prices at a Costco station in Westminster, Colorado, December 23, 2014.

    South African energy company Sasol delayed its $14 billion expansion in Louisiana amid falling oil prices, the New York Times reports.

  • Next for oil: Mergers, layoffs and 'death spirals' Thursday, 29 Jan 2015 | 11:44 AM ET
    A floor hand for Raven Drilling works on an oil rig, drilling into the Bakken shale formation outside Watford City, North Dakota.

    An oncoming wave of oil industry job cuts and restructuring is only the first inning of a long game, experts tell CNBC.

  • MOSCOW, Jan 29- Russia's Economy Ministry will base its main macroeconomic development scenario for 2015 on an oil price of $50 per barrel, Minister Alexei Ulyukayev said on Thursday.

  • Ex-Obama aide: Get used to 'very different world' Thursday, 29 Jan 2015 | 10:53 AM ET
    Bill Daley

    "We're in a period of uncertainty and ... the volatility is going to continue," Bill Daley, former Obama chief of staff, tells CNBC.

  • Nat gas inventories down less than expected  Thursday, 29 Jan 2015 | 10:32 AM ET

    CNBC's Jackie DeAngelis says traders are looking for a prolonged period in order to get natural gas above the $3 level. For now, though, it looks like that may not happen soon.

  • ConocoPhillips reports 4Q loss Thursday, 29 Jan 2015 | 10:31 AM ET
    A customer fills portable containers with fuel at a ConocoPhillips gas station in San Francisco.

    ConocoPhillips on Thursday reported a fourth-quarter loss of $39 million, after reporting a profit in the same period a year earlier.

  • LONDON, Jan 29- Brent oil futures rose above $49 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks. At 1438 GMT, U.S. crude was trading at $44.64 a barrel, up 19 cents off a six-year low hit on Wednesday. Brent was up 53 cents at $49 a barrel.

  • ConocoPhillips posts 4Q loss as oil prices fall Thursday, 29 Jan 2015 | 8:13 AM ET

    HOUSTON— Hurt by falling oil prices, ConocoPhillips reported a loss during its fourth quarter and said it would cut spending on drilling and exploration projects in parts of the U.S. The Houston oil and gas company reported Thursday a loss of $39 million, or 3 cents per share during the quarter, compared with a net income of $2.5 billion, or $2 per share, in the same...

  • LONDON, Jan 29- U.S. commercial crude oil stocks last week hit their highest level since 1931- when the opening of giant oil fields in the United States coincided with the Great Depression to create an enormous glut and sent prices tumbling to just 13 cents per barrel. In October 1929, U.S. commercial crude stocks peaked at a staggering 545 million barrels, following...

  • Refiner Valero Energy's profit falls 5 pct Thursday, 29 Jan 2015 | 8:05 AM ET

    Jan 29- U.S. refiner Valero Energy Corp reported a 5 percent fall in quarterly income, hurt by a narrower spread between Brent and WTI crude and a drop in operating profit at its ethanol business. San Antonio- based Valero said net income from continuing operations attributable to stockholders fell to $1.22 billion, or $2.22 per share, for the quarter ended Dec. 31...