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  • LONDON, Dec 26- Oil rose further above $60 a barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut in top consumer the United States and weak imports by Japan. Fighting in Libya has cut output there to 352,000 barrels a day, a state oil company spokesman said on Thursday, or about half November's average. "Libya is a supportive factor," said...

  • Saudis to hit 'panic button' at $40 oil: Energy CEO Friday, 26 Dec 2014 | 9:01 AM ET
    Employees work on an offshore oil platform in the Persian Gulf, off of Saudi Arabia.

    Saudi Arabia says OPEC will maintain its current oil production no matter what—until crude hits $40, Breitling Energy' Chris Faulkner said.

  • Oil slump impact to states  Friday, 26 Dec 2014 | 8:32 AM ET

    CNBC's Scott Cohn outlines how cheap oil is impacting individual states.

  • When will Saudis panic over oil prices?  Friday, 26 Dec 2014 | 6:29 AM ET

    Saudi Arabia says OPEC will maintain oil production at any price level, but Breitling Energy CEO Chris Faulkner said even the world's biggest oil producer can only stand so much pain.

  • Natgas briefly dips below $3; down 30% in a month Friday, 26 Dec 2014 | 8:40 AM ET

    The price of natural gas dipped below $3 on Friday, with a warm December and plentiful supplies behind the decline.

  • OPEC panic button $40 oil: Pro  Friday, 26 Dec 2014 | 6:27 AM ET

    Chris Faulkner, Breitling Energy President, shares his near and long-term forecast for the price of oil.

  • SINGAPORE, Dec 26- Brent crude oil futures traded steadily above $60 on Friday as a building supply glut and weak Japanese import data weighed on the market while strong U.S. economic data published over Christmas provided support. However, in Japan, crude imports in November dropped 17.3 percent from a year earlier to 14.68 million kilolitres, data from the...

  • Nat gas under $5 until 2020: Pro  Friday, 26 Dec 2014 | 6:30 AM ET

    Discussing the catalyst to take the natural gas price higher, with Chris Faulkner, Breitling Energy President.

  • SINGAPORE, Dec 26- Brent crude oil futures gave up most of its early gains on Friday as a building supply glut and weak Japanese import data weighed on the market, but contracts held above $60 a barrel supported by U.S. economic data published over Christmas. However, in Japan, crude imports in November dropped 17.3 percent from a year earlier to 14.68 million...

  • SINGAPORE, Dec 26- Brent crude futures held above $60 a barrel on Friday as strong U.S. economic data supported the market, but oil prices were track for their fifth straight weekly decline as a building supply glut capped gains. Yet on the demand side there was price supporting data as the U.S. Labor Department said weekly jobless claims fell for the fourth...

  • Brent holds above $60 in thin Christmas trading Thursday, 25 Dec 2014 | 9:48 PM ET

    SINGAPORE, Dec 26- Brent crude prices held above $60 a barrel in early Asian trade on Friday as strong U.S. economic data supported the market, while a building supply glut capped gains. Yet on the demand side there was price supporting data as the U.S. Labor Department said weekly jobless claims fell for the fourth straight week and the Commerce Department's final...

  • Oil declines, extending losses on bearish US data Friday, 26 Dec 2014 | 2:15 PM ET
    A Lufkin Industries Inc. Mark II Unitorque electric pumping unit removes crude oil from a Fidelity Exploration & Production Co. well outside South Heart, North Dakota.

    Oil futures declined slightly Friday after paring gains from early in the session as a supply gut continued to weigh on markets.

  • SEOUL, Dec 26- U.S. oil rose above $56 a barrel in early trade on Friday after news that a rocket hit a storage tank at Libya's biggest oil port, but prices were on track for a fifth weekly drop with data showing a surprise build in crude stocks in the United States. *U.S. crude's front-month contract for February delivery gained 37 cents a barrel at $56.21 as of 0032 GMT,...

  • Rocket hits tank at Libya's biggest oil port Thursday, 25 Dec 2014 | 12:51 PM ET

    A rocket hit a tank at the eastern Libyan oil port Es Sider, officials said on Thursday.

  • *Brent oil drops back near $60 a barrel. NEW YORK, Dec 24- U.S. shares extended a five-day winning streak on Wednesday after the latest data showed strength in the world's largest economy, while a mixed economic picture in Europe kept the region's stocks largely in check. U.S. equity markets will operate on a shortened trading schedule Wednesday, closing at 1 p.m....

  • Oil tanks on surprise rush in US supply, imports Wednesday, 24 Dec 2014 | 11:40 AM ET
    A gas flare is seen at an oil well site outside Williston, North Dakota.

    Oil futures plunged on a surge in supplies of U.S. oil and a record level of gasoline.

  • *Brent seesaws around $60; U.S. crude around $55. Brent seesawed on both sides of $60 and U.S. crude hovered around $55. "It's a Christmas flood of oil at a time when refiners and producers usually are letting inventories get lower for end-of-year tax reasons, but with this flood of supply there's no place to put it," said Phil Flynn, analyst at Price Futures Group in...

  • Crude oil down $2 a barrel after surprise stockpile jump Wednesday, 24 Dec 2014 | 10:44 AM ET

    Dec 24- Oil prices fell $2 a barrel in New York trade on Wednesday after government data showed a large surprise build in crude oil inventories last week versus traders' bets for a stockpile drop. Benchmark Brent crude's front-month contract was down $2.10 at $59.59 a barrel by 10:35 a.m. ET after a session low at $59.37. Front-month U.S. crude slipped $1.85 to...

  • Mounting pressure for crude  Wednesday, 24 Dec 2014 | 10:32 AM ET

    The Department of Energy is reporting a build in weekly crude oil inventories, with CNBC's Jackie DeAngelis.

  • Oil traders expect lower oil  Wednesday, 24 Dec 2014 | 9:44 AM ET

    The American Petroleum Institute reported a large build in crude inventories, and traders await the Department of Energy report, with CNBC's Jackie DeAngelis.