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  • Two-thirds of US shale oil may be unrecoverable Wednesday, 21 May 2014 | 10:23 AM ET
    Pump jacks in an oil field over the Monterey Shale formation near Lost Hills, Calif.

    The unique geography of the Monterey Shale deposits throughout California render most of its oil unrecoverable.

  • *U.S. CRUDE OIL FUTURES RISE $1 AHEAD OF EIA REPORT Wednesday, 21 May 2014 | 9:55 AM ET
  • LONDON, May 21- Oil rose to $110 a barrel on Wednesday, supported by an industry report showing U.S. crude inventories unexpectedly fell last week and persistent disruption to Libya's output amid renewed fighting. "There are various issues- the API's surprising crude stock draw and Libya is also an important one," said Tony Machacek, a broker at Jefferies Bache.

  • Is China worried about growth?     Wednesday, 21 May 2014 | 2:30 AM ET

    Michael Kelly, global head of asset allocation at Pine Bridge Investments, comments on the negotiations over a China-Russia gas deal, and says China seems to be growing more cautious about price.

  • SINGAPORE, May 21- Brent futures edged higher towards $110 per barrel on Wednesday, supported by industry data showing an unexpected draw in U.S. crude inventories and new violence in OPEC oil producer Libya. Investors will now be watching closely to see if official data from the U.S. Department of Energy's Energy Information Administration confirms the drop.

  • SINGAPORE, May 21- Brent futures edged higher towards $110 per barrel on Wednesday, supported by violence in OPEC oil producer Libya and industry data showing an unexpected draw in U.S. crude inventories. Investors will now be watching closely to see if official data from the U.S. Department of Energy's Energy Information Administration confirms the big drop.

  • US oil surges above $104 after stockpiles fall Wednesday, 21 May 2014 | 2:46 PM ET
    Drilling in the Bakken shale formation outside Watford City, N.D.

    U.S. oil rose nearly $2 a barrel after the government reported a large draw in commercial crude stocks.

  • SEOUL, May 21- U.S. crude futures rose in early Asian trade on Wednesday, supported by a disruption in Libya's oil output and an unexpected draw in U.S. crude oil inventory according to industry data. *U.S. crude for July delivery rose 57 cents at $102.90 a barrel as of 0006 GMT after it settled 22 cents up at $102.33 a barrel in the previous session.

  • JULY CRUDE FUTURES EXTEND GAINS AFTER API REPORTS BIG DROP IN CRUDE STOCKS.

  • *Libya output at 210,000 bpd; western oilfields shut. NEW YORK, May 20- Brent rose modestly on Tuesday supported by instability in Libya, pulling U.S. oil for July delivery higher in spite of expectations for an increase in domestic stockpiles.

  • Commodities tomorrow: Set for a move in gold?     Tuesday, 20 May 2014 | 3:41 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Investors bought Treasurys on a flight to safety. Commodities, meanwhile, were looking for a different catalyst. Oil was flat on the day, while nat gas was up for technical reasons; gold had a lackluster day.

  • *Libya output at 210,000 bpd; western oilfields shut. NEW YORK, May 20- Brent rose on Tuesday supported by instability in Libya, while U.S. oil for June delivery slipped lower as expectations for an increase in domestic stockpiles added buying pressure on the contract's last day of trading.

  • UPDATE 6-Brent climbs on Libyan uncertainty Tuesday, 20 May 2014 | 12:21 PM ET

    *Libya output at 210,000 bpd; western oilfields shut. NEW YORK, May 20- Brent rose on Tuesday supported by instability in Libya while U.S. oil for June delivery edged higher as expectations for an increase in domestic stockpiles were outweighed by buying pressure on the contract's last day of trading.

  • Gov. Rick Perry on Chipotle & guns     Tuesday, 20 May 2014 | 10:27 AM ET

    Governor Rick Perry (R-Texas) shares his thoughts on Chipotle's decision to ask customers to leave their guns at home.

  • "This administration is in an absolute war against coal," says Governor Rick Perry (R-Texas), discussing the innovation needed to increase energy production.

  • Governor Rick Perry (R-Texas), discusses his state's economic and energy policies and drawing new business to the Lone Star State. Perry says the Texas economic and energy model could be a model for growth for the entire nation.

  • *Libya output at 210,000 bpd; western oilfields shut. *Statoil shuts platform in North Sea after oil leak. LONDON, May 20- Brent oil held steady above $109 a barrel on Tuesday as unrest and low output in OPEC exporter Libya offset downward pressure from expectations of a weekly build in U.S. crude stocks to a record high.

  • *Total moves staff from Tripoli; Sonatrach withdraws staff from Libya. *Statoil shuts Snorre B platform in North Sea after oil leak. LONDON, May 20- Brent oil held steady above $109 a barrel on Tuesday as unrest and low output in OPEC exporter Libya offset downward pressure from expectations of a weekly build in U.S. crude stocks to a record high.

  • *Total moves staff from Tripoli; Sonatrach withdraws staff from Libya. *Statoil shuts Snorre B platform in North Sea after oil leak. LONDON, May 20- Brent oil held steady above $109 a barrel on Tuesday, as unrest and low output in OPEC exporter Libya offset downward pressure from expectations of a weekly build in U.S. crude stocks to a record high.

  • *Total moves staff from Tripoli; Sonatrach withdraws staff from Libya. SINGAPORE, May 20- Brent crude held steady above $109 a barrel on Tuesday, as unrest and low output in OPEC- producer Libya offset downwards pressure on prices from expectations of a build in weekly U.S. crude stocks to a record high.