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  • NEW YORK, Feb 26- Crude oil futures fell sharply on Thursday as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand. While Brent losses were tempered by those expectations for improving global demand and geopolitical concerns about energy supplies from Libya and Russia, U.S. crude...

  • CRUDE FUTURES EXTEND LOSSES TO MORE THAN 5 PERCENT AS AMPLE SUPPLY, RISING INVENTORIES PRESSURE.

  • US stock indexes drift mostly lower as oil prices sink Thursday, 26 Feb 2015 | 9:41 AM ET

    Chevron and Exxon Mobil were among the biggest decliners in the Dow Jones industrial average, which eased back from its latest all-time high. Benchmark U.S. crude oil fell $2.82 to close at $48.17 a barrel on the New York Mercantile Exchange. Among individual Dow members, Chevron lost $1.52, or 1.4 percent, to $107.06 while Exxon Mobil slid 95 cents, or 1.1 percent, to...

  • NEW YORK, Feb 26- Crude oil futures fell on Thursday, as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand. Brent losses were tempered by those expectations for improving global demand and geopolitical concerns about energy supplies from Libya and Russia. Brent April crude was...

  • Oil down on day  Thursday, 26 Feb 2015 | 10:30 AM ET

    CNBC's Jackie DeAngelis reports natural gas inventories and the downward trajectory of oil on the day.

  • LONDON, Feb 26- Oil edged up on Thursday towards $62 a barrel as expectation of a coming recovery in global demand countered a further jump in U.S. crude stockpiles which underlined currently ample supplies. Brent crude rose 8 cents to $61.71 by 1446 GMT, after jumping more than 5 percent on Wednesday. "At present, it would appear that Brent is bottoming out at $60 per...

  • UPDATE 5-Oil falls towards $61 as ample supplies weigh Thursday, 26 Feb 2015 | 8:30 AM ET

    LONDON, Feb 26- Oil fell towards $61 a barrel on Thursday as a further jump in U.S. crude stockpiles underlined currently ample supplies, countering indications of a coming recovery in global demand. Brent crude fell 40 cents to $61.24 by 1317 GMT, after jumping more than 5 percent on Wednesday. "At present, it would appear that Brent is bottoming out at $60 per barrel,"...

  • UPDATE 4-Oil up near $62 after Saudi comments on demand Thursday, 26 Feb 2015 | 7:35 AM ET

    LONDON, Feb 26- Oil rose towards $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in U.S. crude stockpiles which underlined currently ample supplies. Crude benchmarks in the U.S. and Europe posted their largest percentage gains in nearly two weeks on Wednesday, supported by remarks from Saudi Arabia's oil minister, Ali...

  • LONDON, Feb 26- Oil rose above $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in U.S. crude stockpiles which underlined currently ample supplies. Crude benchmarks in the U.S. and Europe posted their largest percentage gains in nearly two weeks on Wednesday, supported by remarks from Saudi Arabia's oil minister, Ali...

  • Fed: The talk of inflation  Thursday, 26 Feb 2015 | 5:20 AM ET

    Will the Fed still raise rates, with today's CPI number inflation expected to decline? Boris Schlossberg, managing director at BK Asset Management, and Kathy Bostjancic, director of U.S. macro investor services at Oxford Economics, weigh in.

  • MOSCOW, Feb 26- The rouble and Russian shares opened with firm gains on Thursday, tracking up the rallying oil price and following signs that a ceasefire is taking hold in eastern Ukraine. On Thursday Brent was down 0.2 percent at around $61.5 per barrel, still holding comfortably above the $60 mark. He added that investors in Russia would also be encouraged by...

  • SINGAPORE, Feb 26- Brent crude fell towards $61 per barrel on Thursday, after a sharp rally in the previous session, as bulging U.S. crude stockpiles offset indications of a recovery in demand. "The previous gains reflected the fact that the market is looking forward to more production cuts coming with declines in rig counts," said Ric Spooner, chief analyst at CMC...

  • UPDATE 1-Brent drops towards $61 as US crude stocks rise Thursday, 26 Feb 2015 | 12:55 AM ET

    SINGAPORE, Feb 26- Brent crude fell towards $61 per barrel on Thursday, after a sharp rally in the previous session, as bulging U.S. crude stockpiles offset indications of a recovery in demand. "The previous gains reflected the fact that the market is looking forward to more production cuts coming with declines in rig counts," said Ric Spooner, chief analyst at CMC...

  • Brent falls towards $61 as US crude stocks weigh Wednesday, 25 Feb 2015 | 9:37 PM ET

    SINGAPORE, Feb 26- Brent crude fell towards $61 on Thursday, reversing previous gains as a bulging U.S. crude stockpiles offset glimpses of an oil demand recovery. Both Brent and U.S. crude recorded their largest percentage gains in nearly two weeks at Wednesday's settlement, closing more than 30 percent higher than the trough of $46.59 a barrel on Jan 13.

  • US crude ends down 5.5% on ample supply Thursday, 26 Feb 2015 | 2:38 PM ET

    Crude oil futures fell on Thursday, as bulging U.S. crude stockpiles offset indications of a recovery in demand.

  • SINGAPORE, Feb 26- U.S. crude held steady just below $51 a barrel in early Asian trade on Thursday after rising back above $50 the previous session, while heating oil futures also held steady above $2.10 a gallon. *Heating oil futures were trading at $2.11 a gallon, slightly below a three month high reached earlier in the week, as some of the biggest U.S. East Coast...

  • The end of oil's rout? Not yet, says this expert  Wednesday, 25 Feb 2015 | 6:31 PM ET

    Matt Smith, commodity analyst at Schneider Electric, explains why oil prices could still come under pressure, with the buildup of oil supply likely to exacerbate.

  • Are oil producers running out of closet space? Wednesday, 25 Feb 2015 | 5:51 PM ET
    Oil tanks and pump jacks are seen in an oil field near Bakersfield, Calif., on a foggy day, Jan. 17, 2015.

    Oil supply running ahead of demand hasn't just pressured prices, it's also filling up storage space, potentially pushing crude toward another leg down.

  • Commodities tomorrow: Wait, oil was up?  Wednesday, 25 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Even after an 8.4 million barrel build, oil ended the day over $50.

  • *Saudi Arabia's oil minister said sees demand improvement. NEW YORK, Feb 25- Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected. Brent April crude rose $2.97 to settle at at $61.63 a barrel.