CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.» Read More
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NEW YORK, Nov 1- A leading commodities index sank to its weakest since June 2012 on Friday as upbeat data bolstered the dollar and hurt oil and gold prices, while natural gas prices hurtled lower for a fifth straight session due to forecasts of mild weather.
*Brent down more than $3 during session. NEW YORK, Nov 1- Brent oil fell sharply on Friday, tumbling by nearly $3 a barrel, and settling at its lowest point since early July, narrowing its premium to U.S. crude in heavy selling. Brent crude for December delivery settled down $2.93 at $105.91 a barrel, a loss of 2.7 percent, its largest daily percentage loss since June 20.
*Brent as low as $106.64, down over $2. NEW YORK, Nov 1- Oil prices fell broadly on Friday, heading for a large weekly percentage decline, as a strong dollar and ample supplies outweighed concerns about a drop in Libyan crude exports. Brent crude for December delivery was down by $2.15 to $106.69 a barrel by 1:23 p.m. EDT after falling to a session low of $106.56.
The largest oil and gas producer in the state of Alaska is considering exports of Alaska North Slope crude direct to Asian markets.
*Brent as low as $106.64, down over $2. LONDON, Nov 1- Brent crude oil dropped to around $107 a barrel on Friday as a strong dollar outweighed concerns over a drop in Libyan crude exports. Brent crude for December delivery was down by $1.84 at $107.00 at 1445 GMT after falling more than $2 to as low as $106.64.
*Brent breaks below $107, testing support levels. LONDON, Nov 1- Brent crude oil dropped by more than $2 to below $107 a barrel on Friday as a strong dollar outweighed previous concerns over a drop in Libyan crude exports. Brent crude for December delivery was down by $2.01 at $106.83 at 1417 GMT after rising as high as $109.41 a barrel in early morning trade.
Chevron says net income fell 6 percent in the third quarter as weak refining results offset higher oil and gas production.
LONDON, Nov 1- Brent crude oil fell below $108 a barrel on Friday as traders shrugged off concerns over a lingering oil crisis in Libya and cited technical pressures. Months of disruptions in OPEC member Libya have slashed oil exports and rekindled supply worries, pushing Brent to a high of $112 a barrel in October.
Energy development in the U.S. is the "biggest, single area of investment in the world," says Eric Spiegel, Siemens U.S.A. Corporation CEO.
LONDON, Nov 1- Brent crude oil held around $109 a barrel on Friday after stronger-than-expected manufacturing data from China boosted the outlook for demand, while a lingering oil crisis in Libya supported supply worries. Brent oil is set to gain more than $1 this week as Libya struggles to ramp up exports and unrest in fellow OPEC member Iraq worsens.
SINGAPORE, Nov 1- Brent futures rose above $109 a barrel on Friday on expectations of growth in demand after an official survey showed manufacturing in China, the world's second-biggest oil consumer, expanded in October at its fastest pace in 18 months.
*China Oct official manufacturing PMI beats forecasts. SINGAPORE, Nov 1- Brent futures rose above $109 a barrel on Friday on expectations of steady demand growth as the manufacturing sector in China, the world's second-biggest oil consumer, expanded at its fastest pace in 18 months.
TOKYO, Nov 1- U.S. crude steadied above $96 per barrel on Friday, after posting a second straight monthly loss in October, ahead of data from China that is expected to show robust manufacturing activity in the world's No.2 oil consumer. *NYMEX crude dipped 4 cents to $96.34 a barrel by 0059 GMT, after settling down 39 cents at $96.38 on Thursday.
Israeli military forces destroyed a stockpile of Russian missiles that the Syrian government was reportedly prepared to deliver to Hezbollah, reports CNBC's Seema Mody.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
*Libya hikes pay for oil workers; exports lowest since 2011. NEW YORK, Oct 31- Brent crude futures dropped more than $1 on Thursday, reversing the previous session's gains, as traders booked profits and turned their focus to the end of the U.S. refinery maintenance season, which is expected to boost demand for U.S. crude.
*Libya producing about 250,000-300,000 bpd-oil official. LONDON/ TRIPOLI Oct 31- Libya's efforts to end an oil crisis that has reduced its exports to a trickle faltered on Thursday after oil workers appeared to shrug off a 67 percent pay increase and a deal to reopen the eastern Hariga terminal looked close to collapse.