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  • *Russia backs off demands for gas payment from Ukraine. NEW YORK, May 14- Global oil prices rose on Wednesday as a draw on U.S. crude stocks at the Cushing, Oklahoma, contract delivery point and gasoline stocks pushed Brent and U.S. crude to three week highs.

  • Commodities tomorrow: Weaker dollar, big impact     Wednesday, 14 May 2014 | 3:39 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A weaker dollar and decrease in inventories drove oil prices higher, while the weaker dollar drove the metal commodities higher, as well.

  • *U.S. crude stocks fall in Cushing but rise overall. NEW YORK, May 14- Brent futures rose $1 a barrel on Wednesday while U.S. crude rose 75 cents with both on track to settle near three-week highs supported by a draw on stocks in the United States and the deteriorating situation in Ukraine.

  • UPDATE 5-Brent rises close to $110 on U.S. oil stocks data Wednesday, 14 May 2014 | 11:13 AM ET

    *Libya's western El Feel oilfield resumes output- NOC. LONDON, May 14- Brent futures rose to nearly $110 a barrel on Wednesday, reaching a two-week high, on a draw in some crude oil stocks in the United States and the deteriorating situation in the Ukraine. Brent crude for June delivery was up 77 cents at $110.01 a barrel at 1457 GMT after closing up 83 cents.

  • Crude oil inventories rise 947m barrels     Wednesday, 14 May 2014 | 10:30 AM ET

    CNBC's Jackie DeAngelis explains why crude oil prices are up over $102 a barrel.

  • Ex-Energy Secretaries call for action on exports Wednesday, 14 May 2014 | 10:14 AM ET
    A LNG tanker sails through the Houston Ship channel.

    Former US Energy Secretaries Abraham and Richardson say the US isn't moving fast enough on nat gas exports.

  • Egypt national elections offer hope: EFG co-head Wednesday, 14 May 2014 | 7:03 AM ET
    Abdel-Fattah el-Sissi

    The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to offer investors.

  • LONDON, May 14- Brent futures rose above $109.50 a barrel on Wednesday, reaching a two-week high, on the deteriorating situation in the Ukraine and expectations of a fall in U.S. crude oil inventories. Brent crude for June delivery was up 39 cents at $109.63 a barrel at 0953 GMT after closing up 83 cents.

  • SINGAPORE, May 14- Brent futures held above $109 a barrel on Wednesday near a two-week high, boosted by expectations of a fall in U.S. oil inventories, and supported by the deteriorating situation in Ukraine and the potential for other supply disruptions.

  • SINGAPORE, May 14- Brent futures held above $109 a barrel on Wednesday near a two-week high, boosted by expectations of a fall in U.S. oil inventories, and supported by the deteriorating situation in Ukraine and the potential for other supply disruptions.

  • Erik Wytenus, Head of Foreign Exchange & Commodities at J.P. Morgan Private Bank, discusses the impact of tapering and geopolitical risks on the U.S. economy, bonds and gold.

  • US oil ends over $102; lifted by Ukraine, Cushing Wednesday, 14 May 2014 | 2:49 PM ET

    Oil traded near three week highs, supported by a draw on stocks in the United States and the deteriorating situation in Ukraine.

  • NYMEX-US crude nears $102 on oil inventory data Tuesday, 13 May 2014 | 8:52 PM ET

    *U.S. crude for June delivery was up 23 cents to $101.93 a barrel at 0041 GMT after gaining $1.11 to close at $101.70 in the previous session, its highest settlement since April 29. *Brent oil rose 14 cents to $109.38, after gaining 83 cents to close at $109.24 a barrel.

  • Biden's son lands job at Ukraine gas company Tuesday, 13 May 2014 | 2:49 PM ET
    Hunter Biden and Vice President Joe Biden

    Ukraine's largest private gas producer appoints R. Hunter Biden, the son of U.S. Vice President Joseph Biden, to its board.

  • Commodities tomorrow: Nat gas hit     Tuesday, 13 May 2014 | 3:38 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day, nat gas took a hit today, and gold was down slightly.

  • *U.S. CRUDE OIL FUTURES RISE $1 JUST BEFORE SETTLEMENT Tuesday, 13 May 2014 | 2:26 PM ET
  • *Libya says reopening western oilfields, but output unchanged. NEW YORK, May 13- U.S. crude oil futures climbed to two-week highs on Tuesday on expectations for another draw on stocks at contract's delivery point at Cushing, Oklahoma, while Brent edged up as traders doubted that Libyan oil exports would soon rebound.

  • Morgan Stanley still working on Rosneft deal     Tuesday, 13 May 2014 | 10:46 AM ET

    CNBC's Mary Thompson reports from the Morgan Stanley annual shareholder meeting where CEO James Gorman spoke about selling part of its commodities business to Russia's Rosneft.

  • Pro- Moscow rebels in east Ukraine call to join Russia. LONDON, May 13- Brent crude reversed early losses and rose towards $109 a barrel on Tuesday, as traders expressed doubt about how quickly supplies will return from Libya, while the threat of further Western sanctions against Russia provided additional support.

  • US to buy gas this summer to build reserve: Official Tuesday, 13 May 2014 | 7:18 AM ET

    The U.S. aims to buy gasoline to build emergency stocks to cover the hurricane season, using the $495 million from a strategic oil reserve test sale.