• *Renewed violence in Iraq supports prices. LONDON, Jan 30- Oil rose above $49 a barrel on Friday, supported by renewed violence in Iraq but with a persistent global supply glut keeping the market on course for a seventh straight month of declines, its longest bear run on record. Benchmark Brent crude prices have kept within a band of $45- $50 a barrel since hitting a...

  • *Oil keeps in $45- $50 band for most of January. *China import demand lends market some support. Although Brent prices have kept within a band of $45- $50 a barrel for most of the month, high global stock levels threaten further declines, said Amrita Sen, chief oil analyst at London- based Energy Aspects.

  • SINGAPORE, Jan 30- Oil prices dipped on Friday following slight gains in the previous session and analysts said the outlook remained weak, with production high and producers reducing operating costs to adjust to lower export revenues. Benchmark Brent crude oil futures opened Friday's trading little changed at $49.15 a barrel and had slipped to $49.03 by 0433...

  • SINGAPORE, Jan 30- Oil prices dipped in early trading on Friday following slight gains in the previous sessions, and analysts said the outlook remained weak with production high and producers reducing operating costs to adjust to lower export revenues. Benchmark Brent crude oil futures opened Friday's trading with losses, opening at $49.15 a barrel at 0100...

  • SEOUL, Jan 30- U.S. crude futures held above $44.50 a barrel on Friday as U.S. jobless data signaled further strength in the world's largest economy, while the market awaits more U.S. economic and Chinese PMI data for direction. *U.S. crude futures gained 10 cents to $44.63 a barrel as of 0005 GMT. Crude settled up 8 cents at $44.53 a barrel in the previous session,...

  • Oil: Low price, high impact  Thursday, 29 Jan 2015 | 4:44 PM ET

    Discussing the impact the drop in oil has had on business, with Jean-Marc Germain, Alegeco, Algeco Scotsman CEO.

  • Commodities tomorrow: Crude hits 6-year low  Thursday, 29 Jan 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil hit 6-year lows today but ended the day up slightly. Nat gas and gold were both down on the day.

  • Investors welcomed better-than-expected quarterly results from several companies, including Ford, Coach and Harley-Davidson. Benchmark U.S. crude oil rose 8 cents to close at $44.53 a barrel. "We've had a bit of a turnaround since the lows we saw earlier in the day," said Anastasia Amoroso, global market strategist at J.P.

  • Why is the dollar rising? What you need to know Thursday, 29 Jan 2015 | 4:28 PM ET
    An employee counts euros and U.S. dollar notes in a currency exchange store in Lisbon, Portugal.

    CNBC Explains: What makes the value of a currency rise or fall?

  • NEW YORK, Jan 29- Global oil prices firmed slightly on Thursday but not before U.S. crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high U.S. oil inventories. But crude futures in New York fell to an April 2009 bottom by midmorning, and only rose toward the close on short-covering.

  • HOUSTON/ WILLISTON, N.D., Jan 29- ConocoPhillips and Occidental Petroleum Corp on Thursday slashed exploration spending plans for this year, as the third- and fourth-largest U.S. oil companies attempt to cope with a steep slide in crude prices. The cuts follow similar steps by rival Hess Corp earlier this week while Royal Dutch Shell, Europe's largest oil company,...

  • As oil prices crater, hedge funds dive in Thursday, 29 Jan 2015 | 1:21 PM ET

    Hedge funds in both the U.S. and abroad are grabbing at investment opportunities in a distressed energy sector.

  • Declining oil prices to hurt Colombia's economy Thursday, 29 Jan 2015 | 12:27 PM ET

    BOGOTA, Colombia— Investors are dumping stocks in Colombia's largest private oil company as the government prepares for mass layoffs sparked by the plunge in crude prices. The company, a major tax revenue generator, is also ending its sponsorship of Colombia's national soccer team. Colombia's Labor Ministry said Thursday it expects the oil industry to shed up...

  • NEW YORK, Jan 29- U.S. crude oil fell below $44 a barrel for the first time since April 2009 on Thursday while benchmark Brent sharply pared early gains after data showing additions to already record-high U.S. oil inventories. But crude futures in New York were near a six-year low by midmorning after a report from oil services firm Genscape, which a market source...

  • Sasol choking on oil glut—holds $14B expansion Thursday, 29 Jan 2015 | 11:48 AM ET
    Gas prices at a Costco station in Westminster, Colorado, December 23, 2014.

    South African energy company Sasol delayed its $14 billion expansion in Louisiana amid falling oil prices, the New York Times reports.

  • Next for oil: Mergers, layoffs and 'death spirals' Thursday, 29 Jan 2015 | 11:44 AM ET
    A floor hand for Raven Drilling works on an oil rig, drilling into the Bakken shale formation outside Watford City, North Dakota.

    An oncoming wave of oil industry job cuts and restructuring is only the first inning of a long game, experts tell CNBC.

  • MOSCOW, Jan 29- Russia's Economy Ministry will base its main macroeconomic development scenario for 2015 on an oil price of $50 per barrel, Minister Alexei Ulyukayev said on Thursday.

  • Ex-Obama aide: Get used to 'very different world' Thursday, 29 Jan 2015 | 10:53 AM ET
    Bill Daley

    "We're in a period of uncertainty and ... the volatility is going to continue," Bill Daley, former Obama chief of staff, tells CNBC.

  • Nat gas inventories down less than expected  Thursday, 29 Jan 2015 | 10:32 AM ET

    CNBC's Jackie DeAngelis says traders are looking for a prolonged period in order to get natural gas above the $3 level. For now, though, it looks like that may not happen soon.

  • ConocoPhillips reports 4Q loss Thursday, 29 Jan 2015 | 10:31 AM ET
    A customer fills portable containers with fuel at a ConocoPhillips gas station in San Francisco.

    ConocoPhillips on Thursday reported a fourth-quarter loss of $39 million, after reporting a profit in the same period a year earlier.