U.S. crude futures held near a two-week low below $102 a barrel in early Asian trade on Thursday after oil stockpiles rose last week.» Read More
U.S. crude gained 14 cents to $101.58 a barrel by 0028 GMT, after settling 31 cents lower in the previous session. Oil exports from Iraq's southern terminals are heading for a record high in April, according to loading data and industry sources, reflecting Iraq's efforts to expand capacity and deliver supply growth in 2014..
By early afternoon in Europe, U.S. crude for May delivery was down 22 cents to $101.53 a barrel in electronic trading on the New York Mercantile Exchange. The report from the Energy Department's Energy Information Administration— the market benchmark— will be out later Wednesday.
*U.S. oil stocks hit record high, Cushing draw supports. *Ukraine says truce is over, Russia says will respond. NEW YORK, April 23- Crude oil futures slipped on Wednesday after weekly data showed U.S. crude inventories hit a record high, though Brent managed to settle above $109 on support from the ongoing crisis in Ukraine.
*Ukraine says' Easter truce' is over. *Survey shows China manufacturing decline slows. LONDON, April 23- Brent oil fell below $109 on Wednesday after weekly data showed U.S. crude inventories hit a record high, though prices found some support from the unfolding crisis in Ukraine.
CNBC's Jim Cramer explains why he is watching shares of Concho Resource, Pioneer Natural, and Barrick Gold.
*Ukraine says' Easter truce' is over. LONDON, April 23- Brent crude oil edged higher above $109 a barrel on Wednesday after stronger-than-expected economic data from China and Europe reinforced the outlook for global demand growth, and as the unfolding crisis in Ukraine deterred sellers.
SINGAPORE, April 23- Brent futures held above $109 a barrel on Wednesday with the global demand growth outlook largely unchanged after a Chinese manufacturing survey showed an easing pace of decline, while the unfolding Ukraine crisis kept any losses in check.
*Ukraine president calls for anti-rebel offensive as peace deal falters. SINGAPORE, April 23- Brent futures held above $109 a barrel on Wednesday with the global demand growth outlook largely unchanged after a Chinese manufacturing survey showed an easing pace of decline, while the unfolding Ukraine crisis kept any losses in check.
Crude gave up gains after data showed U.S. oil inventories spiked by more than 3 million barrels last week.
SINGAPORE, April 23- U.S. crude futures held steady near $102 a barrel in early Asian trade on Wednesday after steep losses in the previous session on expectations oil inventories in the world's top consumer rose at a much slower pace than expected.
Discussing new technology in the Permian, growing market in North America, and higher earnings, with Dave Lesar, Halliburton chairman, president and CEO.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude oil prices were under pressure; traders are eying tomorrow's Department of Energy report; natural gas got a small bump up, closing at $4.74, and traders are looking for a catalyst to get back on the long side of gold.
The U.S. energy renaissance has coincided with a boom in energy-related stocks, one that investors are starting to notice.
*Ukraine crisis lends some support to Brent. NEW YORK, April 22- U.S. crude futures fell on Tuesday ahead of data expected to show that inventories in the world's top oil-consuming nation have risen close to record highs.
*Ukraine crisis lends some support to Brent. U.S. crude fell $2.34 to $102.03 a barrel by 13:45 a.m. EDT while Brent crude was down 93 cents to $108.96 a barrel, having lost over a dollar earlier. The Energy Information Administration will issue inventory data on Wednesday while American Petroleum Institute data is due later on Tuesday.
*Ukraine crisis lends support to Brent. U.S. crude fell $1.9 percent to $102.45 a barrel by 11:10 a.m. EDT while Brent crude was down 98 cents to $108.96 a barrel.
*Ukraine peace deal falters as rebels dig in. LONDON, April 22- Brent oil fell towards $109 a barrel and the U.S. benchmark saw a sharper decline on Tuesday on forecasts of rising crude stocks as a faltering pact to ease tensions in Ukraine offered some support.
Vice President Joe Biden told Ukrainian presidential candidates and Parliament that the U.S. was ready to help Ukraine and they must fight corruption.
The price of oil slipped closer to $104 a barrel Monday as investors weighed expectations of rising U.S. crude stockpiles against tensions in Ukraine. By early afternoon in Europe, U.S. crude for May delivery was down 42 cents to $103.95 in electronic trading on the New York Mercantile Exchange.