ADP employment, labor cost and oil inventory data to be reported this Wednesday, CNBC's Patti Domm discusses what to expect.» Read More
NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and as the dollar strengthened. June Brent was down 78 cents at $66 barrel at 1:35 p.m. EDT, up from its $65.52 low after matching Thursday's 2015 peak of $66.93. U.S. crude for June delivery was down 86 cents at $58.77, after hitting a 2015 high of $59.90...
Chevron reported blowout earnings, so is the energy rally here to stay? Jerry Castellini, CastleArk Management CIO, and Richard Tullis, Capital One energy analyst, discuss.
U.S., BRENT CRUDE FUTURES PARE LOSSES SLIGHTLY ON DATA SHOWING U.S.
*U.S. rig count from Baker Hughes due 1:00 p.m. EDT. NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and prices were pressured also by a stronger dollar. June Brent was down 86 cents at $65.92 barrel at 11:37 a.m. EDT, after matching Thursday's 2015 peak of $66.93 and jumping 21 percent in April.
LONDON, May 1- Market participants expect the price of Brent to average around $75 per barrel through the rest of the decade, not much above the current level. Spot Brent prices have risen around $20 per barrel from their mid-January low, from $46 to $66, an increase of more than 40 percent. Over the same period, however, futures prices for oil delivered at the end of 2017...
CNBC's Morgan Brennan reports on the Department of Transportation's new tank standard.
Pavel Molchanov, Raymond James energy analyst, discusses Chevron topping estimates, oil production, and why he is watching capital expenditures.
Jonathan Krinsky of MKM Partners gives three reasons why he is bullish on natural gas.
After a stellar month for beaten-down oil markets, the risk of another sharp slide downwards may be around the corner, analysts said Friday.
*Iraq exports reach 3.08 million bpd in April. LONDON, May 1- Oil prices edged lower on Friday, easing off 2015 highs after Iraq said its crude oil exports hit a record in April, keeping Middle East production well above demand. Brent was down 48 cents at $66.30 a barrel by 1117 GMT.
LONDON, May 1- Crude oil prices edged lower on Friday, hovering near 2015 highs on expectations of tightening global supplies after posting their biggest monthly gain for six years in April. Brent was down 32 cents at $66.46 a barrel by 0836 GMT. U.S. crude was down 10 cents at $59.53, after hitting a 2015 high of $59.85 in post-settlement trading on Thursday.
TOKYO, May 1- Oil futures hovered around 2015- highs on Friday after posting their biggest monthly gains for six years in April, with trading thin as major markets were closed for the May Day holiday. Brent was down 5 cents at $66.73 a barrel by 0528 GMT. U.S. crude was up 8 cents at $59.69, after hitting a 2015- high of $59.85 in post-settlement trading on Thursday.
US crude oil futures closed Friday's session down 48 cents at $59.15 per barrel.
TOKYO, May 1- U.S. crude oil futures were steady around $59.70 a barrel in quiet trade on Friday with many major markets closed for May Day, after posting the biggest monthly gain in six years in April. *U.S. crude for June delivery was 4 cents higher at $59.67 a barrel by 1145 GMT. *OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or...
CORRECTED-REUTERS IN 2016, BRENT CRUDE TO AVERAGE $70.80/ BBL, U.S.
CORRECTED-REUTERS BRENT CRUDE OIL TO AVERAGE $59.40/ BBL IN 2015, VERSUS $59.20 IN MARCH POLL.
April 30- Visa Inc, the world's largest credit and debit card company, reported a slight fall in second-quarter profit as lower crude prices and a strong dollar hurt the company's revenue growth. "The negative impacts from the strengthening of the U.S. dollar and lower gasoline prices continued to exert pressure on revenue growth...," Chief Executive Charlie Scharf...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up again today. Traders say oil seems to be stabilizing around $60, and could hit $70 by the end of the year.
Oil names like Chevron and Exxon Mobil issue dividends that make them steady amid the sector's uncertainty, an analyst said.
April 30- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, on Thursday reported a 55 percent fall in quarterly profit as global crude prices halved. Imperial Oil Chief Executive Rich Kruger said the company, which is 69.6 percent owned by Exxon Mobil Corp, would maintain a cautious spending outlook in the months to come. The company is close to...