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  • WASHINGTON, Dec 30- The Obama administration on Tuesday bowed to months of growing pressure over a 40- year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets. The Bureau of Industry and Security, or BIS, which regulates export controls, said it had granted permission to "some"...

  • Oil bottom near? Pro says worst may be over Tuesday, 30 Dec 2014 | 4:36 PM ET
    The price of gas is seen on a pump at a Sunoco gas station in Rockbridge, Ohio.

    There were some telling signs in the market after U.S. crude fell below $54 that have one pro thinking the worst may be over.

  • NEW YORK, Dec 30- Crude futures closed up slightly Tuesday, getting some relief from a weak dollar but not making significant strides as traders prepared for the end of the year. The global benchmark Brent settled up 2 cents at $57.90. U.S. crude settled up 51 cents at $54.12 a barrel.

  • Just beginning of reaction to low oil: Pro  Tuesday, 30 Dec 2014 | 3:37 PM ET

    As oil demand weakens, companies are cutting back drilling workers and services. John Kilduff, Again Capital, and Russell Gold, Wall Street Journal, weigh in on the impact to the U.S. economy.

  • Worst over in energy markets?  Tuesday, 30 Dec 2014 | 1:10 PM ET

    Discussing when and if oil will hit $50 per barrel, with Alan Knuckman, Bulls-eye Options.

  • Oil prices drag down S&P earnings  Tuesday, 30 Dec 2014 | 10:34 AM ET

    Lindsey Bell, S&P Capital IQ, discusses the impact of falling energy prices on S&P 500 earnings.

  • Brent steadies, gold rebalances  Tuesday, 30 Dec 2014 | 9:42 AM ET

    CNBC's Jackie DeAngelis discusses the significance of crude oil below the $60 level.

  • How to pick junk-bond jewels despite oil's slide Tuesday, 30 Dec 2014 | 9:50 AM ET

    For investors nervous about falling oil prices and their effect on junk bonds issued by the energy industry, there are still some jewels amid the junk.

  • US agency gives quiet nod to light oil exports Tuesday, 30 Dec 2014 | 7:18 AM ET
    A worker for Raven Drilling, helps line up a pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

    A U.S. export authority told some oil companies that they should consider exporting a lightly processed form of crude oil without formal permission.

  • WASHINGTON, Dec 30- The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions. In conversations that may help clear the way for more overseas sales of U.S. shale oil, the Commerce...

  • Putin's counterproductive moves with Ukraine  Tuesday, 30 Dec 2014 | 5:30 AM ET

    Russia's recent moves with Ukraine appear "counterproductive" says John Peet, Europe editor at "The Economist".

  • Oil volatility is going to persist: CEO  Tuesday, 30 Dec 2014 | 5:00 AM ET

    Oil prices could drop further to $40 and market volatility is "going to persist" due to political turbulence, says Ana Cukic Armstrong, CEO of Armstrong Investment Managers.

  • Europe's relationship with oil  Tuesday, 30 Dec 2014 | 4:00 AM ET

    Lower oil prices are great for the U.K., but for Europe it is "a bit more ambiguous," says James Ashley, chief European economist at RBC Capital Markets.

  • *Stocks fall in Europe on oil slide, Greece election. LONDON, Dec 30- Gold rose on Tuesday as sliding oil prices and worries about Greece's future in the euro zone sparked selling of European stocks, and as the dollar slipped against a basket of currencies. Spot gold was up 0.4 percent at $1,187.60 an ounce at 1019 GMT, while U.S. gold futures for February delivery were...

  • LONDON, Dec 30- Chinese economic growth may be cooling but Shanghai shares were the best returning investment in 2014.. Anyone who bought A-shares listed in Shanghai at the start of 2014 would be sitting on a 45.9 percent gain on a total return basis in dollar terms. Copper, which traded near 4 1/ 2- year lows on Tuesday on concerns about slowing demand in China, is off...

  • LONDON, Dec 30- Brent crude oil fell to a 5-1/ 2- year low below $57 a barrel on Tuesday as a global supply glut outweighed concerns of lost supply from Libya where battling militias have closed ports. Brent fell $1.14 a barrel to a low of $56.74, its lowest since May 2009, before recovering slightly to trade around $56.95 by 0905 GMT. Supply disruptions in Libya mean the...

  • Saudi Arabia doesn't care about volatile oil Tuesday, 30 Dec 2014 | 11:42 AM ET
    Employees work on an offshore oil platform in the Persian Gulf, off of Saudi Arabia.

    The oil price hit a 5-½-year low on Tuesday but major oil producer Saudi Arabia still looks to be relatively unscathed.

  • SINGAPORE, Dec 30- Brent oil fell to a fresh 5-1/ 2- year low near $57 per barrel on Tuesday, as persistent worries about a global supply glut offset concerns about output disruptions in Libya. Brent for February delivery fell 56 cents to $57.32 as of 0626 GMT, after hitting a low of $57.25 earlier in the session- the lowest level since May 2009. U.S. crude for February...

  • Brent for February delivery fell 25 cents to $57.63 as of 0528 GMT, after tumbling to $57.37 in the previous session, the lowest level since May 2009. U.S. crude for February delivery fell 28 cents to $53.33 after it settled down $1.12 on Monday, when it hit an intraday low of $52.90- also the lowest since May 2009. "There's no sign of any reduction of output by OPEC," said...

  • Brent for February delivery fell 8 cents to $57.80 as of 0323 GMT, after tumbling to $57.37 in the previous session, the lowest level since May 2009. U.S. crude for February delivery fell 3 cents to $53.58 after it settled down $1.12 on Monday, when it hit an intraday low of $52.90- also the lowest since May 2009. The industry group the American Petroleum Institute is...