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  • *BRENT CRUDE OIL TURNS POSITIVE AHEAD OF EIA DATA Wednesday, 17 Dec 2014 | 10:12 AM ET
  • *CRUDE OIL FUTURES PARE LOSSES AHEAD OF EIA DATA Wednesday, 17 Dec 2014 | 10:09 AM ET
  • Russia on brink of financial crisis: Charles Dallara  Wednesday, 17 Dec 2014 | 10:07 AM ET

    Discussing if Russia's shrinking economy is becoming a global economic threat, with Charles Dallara, The Americas of Partners Group.

  • US slaps sanctions on Swiss, Dutch firms over Syria Wednesday, 17 Dec 2014 | 9:53 AM ET
    The U.S. Treasury Building in Washington, D.C.

    The United States on Wednesday slapped sanctions on Dutch and Swiss oil trading firms for their dealings with the Syrian government.

  • GE CEO: Russia still has needs  Wednesday, 17 Dec 2014 | 9:48 AM ET

    Jeffrey Immelt, General Electric chairman & CEO, explains the company's exposure to Russia, and where he sees growth in China and emerging markets.

  • GE's Immelt: Oil cycle an opportunity  Wednesday, 17 Dec 2014 | 9:46 AM ET

    Jeffrey Immelt, General Electric chairman & CEO, discusses the current oil cycle and gives his read on China's outlook.

  • *Oil minister Hawrami "hopeful" on final Baghdad deal. LONDON, Dec 17- Iraq's semi-autonomous Kurdistan Regional Government will ramp up oil exports in the coming months, moving it closer to economic self-sufficiency while it works to clinch a final deal with Baghdad on crude sales and revenue sharing. KRG natural resources minister Ashti Hawrami told a...

  • Cuba releases US prisoner Alan Gross  Wednesday, 17 Dec 2014 | 9:03 AM ET

    American Alan Gross who spent 5 years in a Cuban prison has been released. CNBC's Michelle Caruso-Cabrera explains how this impacts the U.S. embargo against Cuba.

  • UPDATE 1-Oil prices slash Nigeria 2015 GDP growth Wednesday, 17 Dec 2014 | 8:51 AM ET

    ABUJA, Dec 17- Nigeria's economy will grow 5.5 percent in 2015, down from an earlier projection of 6.4 percent, due to lower oil revenues, according to the budget the finance minister presented to parliament on Wednesday. The 4.3 trillion naira budget rests on a benchmark oil price of $65 a barrel, down from $77.50 in the 2014 budget, and a significant cut on previous...

  • Don't expect quick rebound in oil: Expert  Wednesday, 17 Dec 2014 | 7:32 AM ET

    Kevin Book, Clearview Energy Partners, shares his outlook on oil next year.

  • UPDATE 5-Oil falls below $59 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 7:55 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • Where consumers are spending gas savings  Wednesday, 17 Dec 2014 | 6:44 AM ET

    John Eichberger, NACS director of motor fuels, discusses the results of a recent poll which show where consumers are spending the extra cash they're saving from lower gas prices.

  • Volatility back with a vengeance  Wednesday, 17 Dec 2014 | 5:15 AM ET

    Discussing how the price of oil is affecting risk appetite, Kit Juckes, global macro strategist at Societe Generale, says that volatility from several sectors, including oil and EM currencies, was suppressed by the U.S.'s quantitative easing, and is now its back with a vengeance.

  • Russia in a 'whiff of panic'  Wednesday, 17 Dec 2014 | 4:05 AM ET

    Russia's economy collapsing sends a "whiff of panic" throughout its public, with people stocking up on imported goods. CNBC's Geoff Cutmore reports with a clip of the Russian Economic Development Minister, Alexei Ulyukayev speaking about future intentions.

  • UPDATE 4-Oil holds below $60 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 6:34 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude held below $60 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • Oil could fall to $30 a barrel: Emirates boss Wednesday, 17 Dec 2014 | 12:15 PM ET

    The airline industry will reap the benefits of lower oil prices, which could fall to as low as $30 a barrel, according to Emirates Airline's CEO.

  • UPDATE 3-Oil below $60 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 4:38 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil traded below $60 a barrel on Wednesday, near 5-1/ 2 year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • *OPEC unwilling to cut supply, spurring weakness. Non- OPEC member Russia, one of the world's top producers, has also indicated that it does not plan to cut output despite a glut in the world market. U.S. crude dropped $1.12 to $54.81 a barrel after touching the lowest since May 2009 at $53.60 on Tuesday.

  • Cheap oil offers mixed blessings for Asia  Wednesday, 17 Dec 2014 | 12:46 AM ET

    While oil exporters like Malaysia will suffer, lower energy prices are positive for the fiscal positions of a majority of Asian countries, says Rajiv Biswas, Asia-Pacific Chief Economist at IHS Global Insight.

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...