CNBC's Jackie DeAngelis reports natural gas inventories rise 90 billion cubic feet, double this time last year.» Read More
If the U.S. lifts its ban on exporting oil, consumers will see lower gas prices, Breitling Energy's CEO said. The Sierra Club disagrees.
*Russia, Ukraine, EU hold talks Fri on gas price dispute. NEW YORK, May 29- U.S. crude prices rose on Thursday after government inventory data showed a sharp drawdown in gasoline that outweighed a build in overall crude stocks, while Brent edged up supported by the low Libyan output and the Ukraine crisis.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. An oil inventory build didn't matter, as geopolitical concerns still kept the price up. Nat gas had a bigger build than expected, which pushed its price down. And gold was down again, as was copper.
Former Morgan Stanley CEO John Mack, is resigning from Russian oil driller Rosneft, reports CNBC's Kate Kelly.
Discussing the ban on U.S. oil exports, with Chris Faulkner, Breitling Energy president & CEO, and Athan Manuel, offshore drilling expert and director of Sierra Club's Lands Protection Program.
Ending the U.S. oil export ban could be a boon for growth, two research reports argued Thursday.
NEW YORK, May 29- U.S. crude rose on Thursday after government data showed a sharp drop in gasoline stocks that outweighed a build in overall crude stocks, while Brent was buttressed by the loss of most supply from Libya and geopolitical risk in Ukraine.
CRUDE OIL FUTURES RISE MORE THAN $1 AFTER EIA REPORT SHOWS GREATER-THAN-EXPECTED GASOLINE STOCKS DRAW.
LONDON, May 29- Brent crude rose above $110 a barrel on Thursday on signs of stronger demand from top oil consumer the United States, with a sharp drop in U.S. gasoline stocks adding to data showing a strengthening economy.
CRUDE OIL FUTURES TURN HIGHER AFTER EIA REPORT SHOWS GASOLINE STOCKS FELL LAST WEEK.
John Mack, a former chief executive at Morgan Stanley, has left the board of Russia's top oil producer, which has been hit by sanctions.
SINGAPORE, May 29- Brent futures held near $110 a barrel on Thursday on hopes of improved demand from the world's top oil consumer, the United States, as a sharp fall in U.S. gasoline stocks added to recent data pointing to a stronger economy.
U.S. crude rose after government data showed a sharp drop in gasoline stocks that outweighed a build in overall crude stocks.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar pushed commodities down today. Gold was down, so was crude.
NEW YORK, May 28- U.S. crude fell more than $1 a barrel on Wednesday as traders took profit ahead of inventory reports that were expected to show a build in crude, while Brent edged lower, propped up by geopolitical tensions in Ukraine and Libya.
CRUDE OIL FUTURES FALL MORE THAN $1 ON PROFIT TAKING AHEAD OF INVENTORY REPORTS.
LONDON, May 28- Brent crude oil slipped below $110 a barrel on Wednesday, dragged down by a stronger dollar and profit-taking from a rally driven by geopolitical tensions in Ukraine and Libya as well as positive U.S. demand growth data. Brent crude gave up gains made earlier in the session to fall 35 cents to $109.67 by 1356 GMT as traders booked profits.
Charles Cherington, Intervale Capital co-founder, discusses how his private equity firm is able to capitalize on the booming energy revolution in the U.S.
LONDON, May 28- Brent oil rose on Wednesday, holding above $110 a barrel on renewed optimism about steady demand growth in the United States, the world's top oil consumer, coupled with further disruptions to Libyan supplies. Brent crude gained 23 cents to $110.25 by 0814 GMT after ending 30 cents lower as some profits were booked following a long holiday weekend.
*Libya oil guards protest at Hariga port, disrupt operations. SINGAPORE, May 28- Brent futures rose on Wednesday, holding above $110 a barrel on renewed optimism over steady demand growth in the world's top oil consumer the United States following healthy economic data, with supply disruption concerns providing additional support.