CNBC's Jackie DeAngelis tracks oil's mixed action into the close. Iranian comments about a potential nuclear deal put downward pressure on crude.» Read More
*Iran Foreign Minister: nuclear deal possible this week. *'Long way to go' to reach Iran nuclear deal- Kerry. LONDON, March 2- Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear program could be agreed this week if the West lifts sanctions, which could boost the country's oil exports.
*Iran Foreign Minister: nuclear deal possible this week. *'Long Way To Go' to reach Iran nuclear deal- Kerry. LONDON, March 2- Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear programme could be agreed this week if the West lifts sanctions, which could boost the country's oil exports.
LONDON, March 2- Hedge funds and large speculators increased their bets on rising Brent crude oil prices last week to their highest for more than seven months, exchange data showed on Monday. Speculators increased their net long positions in Brent futures and options by 11,371 contracts to 182,783 in the week to Feb. 24, InterContinentalExchange data shows.
*Iran Foreign Minister: nuclear deal possible this week. LONDON, March 2- Brent crude oil fell almost 2 percent towards $61 a barrel on Monday after Iran said a deal on its nuclear programme could be agreed this week if the West lifted sanctions, which could boost the country's oil exports. Brent crude hit a low of $61.18 a barrel and was at $61.30 by 1220 GMT, down $1.28.
LONDON, March 2- Oil dropped more than 1 percent on Monday, with Brent slipping under $62 a barrel, depressed by a stronger dollar and a rise in Libyan crude output. Brent crude hit a low of $61.70 a barrel and was at $61.90 by 1100 GMT, down 68 cents. Disruption to oil supplies from members of the Organization of the Petroleum Exporting Countries has helped support...
SINGAPORE, March 2- Oil dropped more than 1 percent on Monday, with Brent slipping below $62 a barrel, depressed by a stronger dollar and a rise in Libya's crude output. "The U.S. dollar strength and euro weakness tend to offset any positive reaction that we're supposed to see in oil prices," said Ric Spooner, chief analyst at CMC Markets in Sydney. Brent crude hit a low of...
MOSCOW, March 2- The Russian rouble weakened at opening on Monday, hurt by a decline in oil prices and the murder on Friday of prominent Kremlin critic Boris Nemtsov. Oil, Russia's chief export, fell about 1 percent on Monday on supply concerns, with becnhmark Brent at $61.9 per barrel, after the first monthly rise since June. "The murder of the famous oppositionist...
*China Feb PMI edges up to 7- mth high- HSBC. Brent crude was down 38 cents at $62.20 a barrel by 0645 GMT after an 18 percent gain in February, the largest monthly rise since May 2009. Manufacturing activity in China edged up to a seven-month high in February, HSBC's survey showed.
SINGAPORE, March 2- U.S. crude futures fell towards $49 a barrel on Monday after rising more than $1 in the previous session to close February with the first monthly gain since June last year. Economic data from manufacturing activity in China to jobs in the United States will dominate investors' radar this week. *U.S. crude futures dropped 41 cents to $49.35 a barrel...
CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories. Berkshire earnings, and a mobile extravaganza. And the Affordable Care Act comes before the Supreme Court, again.
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CNBC's Jane Wells reports gasoline prices have gone up 43 cents since the Exxon refinery explosion in California.
CNBC's Jackie DeAngelis reports on factors contributing to oil's upward momentum.
Francisco Blanch, BofA Merrill Lynch, provides an outlook on oil supply and demand.
Discussing oil's impact on GDP, with Dan Greenhaus, BTIG.
*Baker Hughes data shows pace of rig count drop slows. Both Brent and U.S. futures briefly pared gains after data from oil services company Baker Hughes showed its U.S. oil drilling rig count fell only 33 to 986 this week, after rigs were only down 37 in the previous week. Brent April crude was up $1.27 at $61.32 a barrel at 1:28 p.m. EST, on pace to post a 15 percent...
If you could pick one stock, Apple or Exxon, which would it be? Scott Fearon, author of "Dead Companies Walking" has a pick that might surprise you.
CRUDE FUTURES PARE GAINS AFTER BAKER HUGHES OIL RIG COUNT SHOWS DROP OF ONLY 33.
Brent April crude was up $1.51 at $61.56 a barrel at 11:54 a.m. EST, on pace to post a 16 percent monthly gain, the first monthly rise since June. April crude was up 75 cents at $48.92 a barrel, needing a finish above $48.24 to post a February gain. Oil has been supported by signs that lower prices are starting to reduce investment in production in non- OPEC countries and...
*China's implied oil demand set to grow 3 percent this year. *Statoil shuts Statfjord C platform in North Sea. At 1453 GMT, Brent crude futures were up $1.26 at $61.32 a barrel, off an earlier high of $61.75.