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  • NEW YORK, May 29- Oil prices jumped almost 5 percent on Friday, their biggest rally in a month and a half, as a steady U.S. dollar and a bigger than expected drop in oil rigs set off a renewed rush of bullish bets. Brent crude settled at $65.56 a barrel, up $2.98, or 4.8 percent, on the day. U.S. crude has risen by as much as $4 a barrel after hitting a one-month low just a day ago,...

  • US oil settles at $60.30 a barrel   Friday, 29 May 2015 | 2:12 PM ET
    US oil settles at $60.30 a barrel

    CNBC's Jackie DeAngelis reports on the higher oil close for the day.

  • Calgary Mayor: City less dependent on oil revenue

    Calgary Mayor Naheed Nenshi, discusses economic growth, the Canadian energy market and the challenges with Keystone.

  • Nigeria needs to fix these energy issues   Friday, 29 May 2015 | 11:40 AM ET
    Nigeria needs to fix these energy issues

    Bolaji Osunsanya, president of the Nigerian Gas Association and CEO of Oando Gas & Power, discusses the issues the new Nigerian president must address in the gas industry.

  • NEW YORK, May 29- Oil rose 3 percent on Friday, as a rally in the dollar faded and after data from a day ago showed a fourth straight weekly draws in U.S. crude oil stockpiles. With the Organization of the Petroleum Exporting Countries widely expected not to cut production at its June 5 meeting, prices could see more pressure, especially if the dollar surges again,...

  • Gas demand increases as Americans hit the road   Friday, 29 May 2015 | 11:00 AM ET
    Gas demand increases as Americans hit the road

    Gasoline demand for March was the highest since 2008.

  • Nigeria’s new president draws up tough to-do list Friday, 29 May 2015 | 12:21 PM ET
    Nigeria's Muhammadu Buhari

    Nigeria's new president was sworn in on Friday and faces a tough battle to diversify an economy reliant on oil and hampered by terrorism and corruption.

  • Week look ahead   Friday, 29 May 2015 | 8:30 AM ET
    Week look ahead

    CNBC breaks down the five big stories to keep an eye out for the coming week.

  • US March gas demand highest for month since 2008 Friday, 29 May 2015 | 7:48 AM ET
    The price of fuel is seen on a pump as a customer fills a vehicle at a Sunoco Inc. gas station in Rockbridge, Ohio.

    U.S. gas demand rose more than 4 percent in March to nearly 9.06 million barrels a day, the highest level for the month since 2008.

  • *Brent crude seen averaging $61.60 2015- Reuters survey. The Organization of the Petroleum Exporting Countries is likely to decide at its meeting in Vienna next week to keep its joint production target unchanged at 30 million barrels per day but maintain output above that level, analysts said. "That should keep a lid on prices," Carsten Fritsch, senior oil and...

  • AES power charge for the future: CEO   Friday, 29 May 2015 | 6:51 AM ET
    AES power charge for the future: CEO

    Andrés Gluski, AES Corp. CEO, discusses his company's strategic alliance with Tesla's new batteries, and where they are finding success providing power.

  • UPDATE 4-Oil gains 1 percent on U.S. inventory drop Friday, 29 May 2015 | 4:37 AM ET

    LONDON, May 29- Crude oil prices rose around 1 percent on Friday after U.S. inventories fell for a fourth straight week, although prices were set for a weekly drop on a stronger dollar. July Brent was up 60 cents at $63.18 a barrel by 0820 GMT. Data from the U.S. Energy Information Administration on Thursday showed crude oil inventories fell by 2.8 million barrels last...

  • By Henning Gloystein and Florence Tan. July Brent crude climbed 47 cents to $63.05 a barrel by 0506 GMT but was set drop for a second straight week. Data from the U.S. Energy Information Administration showed on Thursday that crude oil inventories fell by 2.8 million barrels last week, down for the fourth week ahead of Monday's Memorial Day holiday, which...

  • SINGAPORE, May 29- Crude futures rose about 1 percent on Friday after American inventories fell for a fourth straight week although prices are set for a weekly drop on a stronger dollar. July Brent crude climbed 51 cents to $63.09 a barrel by 0259 GMT but is set to post losses for a second straight week. Data from the U.S. Energy Information Administration showed on...

  • Oil surges 4.5% on lower rig count Friday, 29 May 2015 | 2:37 PM ET
    Workers connect drill bits and drill collars on Endeavor Energy Resources’ Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, Dec. 12, 2014.

    Oil prices extended gains after Baker Hughes reported that the weekly U.S. oil rig count fell for the 25th straight week.

  • SINGAPORE, May 29- U.S. crude oil prices edged up on Friday after American inventories fell for a fourth straight week and Canadian wildfires knocked out 10 percent of its oil sands output. *Front-month U.S. crude futures were up 43 cents from their last settlement at $58.11 per barrel by 0020 GMT on Friday. *The U.S. Energy Information Administration said crude oil...

  • The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially kicked off the peak summer driving season in the United States. U.S. crude settled up 17 cents, or 0.3 percent, at $57.68 a barrel, after plumbing a one-month low of $56.51. Brent settled at $62.58, up...

  • US stocks end modestly lower Thursday, 28 May 2015 | 4:11 PM ET

    NEW YORK— U.S. stocks are ending modestly lower following a sell-off in the Chinese market and concerns about an approaching deadline for Greece to make a debt payment. The Dow Jones industrial average fell 36 points, or 0.2 percent, to close at 18,126 Thursday. The price of crude oil rose 17 cents to $57.68 a barrel in New York after the government reported...

  • Commodities tomorrow: Record US production   Thursday, 28 May 2015 | 4:00 PM ET
    Commodities tomorrow: Record US production

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude and gas inventories were down today despite record US production.

  • NEW YORK, May 28- Oil prices rose in choppy trade on Thursday, snapping two days of sharp losses, after data showed a fourth weekly drawdown in U.S. crude stocks. The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially kicked off the peak summer driving...