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  • GRAPHIC: Brent-WTI spread: http://link.reuters.com/tes24w SINGAPORE, Feb 27- U.S. shale oil is deepening the discount of U.S. crude prices to global benchmarks, with the price gap turning into the de facto indicator of the health of American shale supply, a shale spread of sorts. The surging U.S. production and inventories point to an "oversupplied market which is...

  • *China's implied oil demand set to grow 3 percent this year. *Statoil shuts Statfjord C platform in North Sea. At 0955 GMT, Brent crude futures were up $1.50 at $61.54 a barrel, while U.S. crude was up $1.23 at $49.40 a barrel.

  • *Statoil shuts Statfjord C platform in North Sea. SINGAPORE, Feb 27- Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in the North Sea and renewed fears of gas supply disruption in Europe supported prices. Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after...

  • Lower oil both blessing and curse for AirAsia Thursday, 26 Feb 2015 | 11:46 PM ET

    Lower oil prices usually boost airline profits, but for AirAsia, the drop pushed the carrier into the red as Malaysia's ringgit took a knock-on blow.

  • Crude ends up, posts first monthly gain since June Friday, 27 Feb 2015 | 2:53 PM ET

    Crude oil futures rebounded and Brent headed for its first monthly gain since July, helped by strong investor inflows.

  • Brent approaches $61, set to end 7-month losing streak Thursday, 26 Feb 2015 | 9:24 PM ET

    *Statoil shuts Statfjord C platform in North Sea. SINGAPORE, Feb 27- Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices. Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after...

  • Commodities tomorrow: Oil glut grows  Thursday, 26 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Reports out of Cushing, Oklahoma, say we could be full in oil storage in 8 to 10 weeks.

  • NEW YORK, Feb 26- Crude oil futures fell sharply on Thursday as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand. While Brent losses were tempered by those expectations for improving global demand and geopolitical concerns about energy supplies from Libya and Russia, U.S. crude...

  • CRUDE FUTURES EXTEND LOSSES TO MORE THAN 5 PERCENT AS AMPLE SUPPLY, RISING INVENTORIES PRESSURE.

  • Chevron and Exxon Mobil were among the biggest decliners in the Dow Jones industrial average, which eased back from its latest all-time high. Benchmark U.S. crude oil fell $2.82 to close at $48.17 a barrel on the New York Mercantile Exchange. Among individual Dow members, Chevron lost $1.52, or 1.4 percent, to $107.06 while Exxon Mobil slid 95 cents, or 1.1 percent, to...

  • NEW YORK, Feb 26- Crude oil futures fell on Thursday, as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand. Brent losses were tempered by those expectations for improving global demand and geopolitical concerns about energy supplies from Libya and Russia. Brent April crude was...

  • Naftogaz CEO: Reports detail gas problems  Thursday, 26 Feb 2015 | 11:15 AM ET

    Discussing its situation with Russia over gas supplies, Andriy Kobolyev, CEO of Naftogaz, talks about the disruption to its gas supply network, and its impact on the company.

  • Naftogaz CEO on Russia and pre-paid gas  Thursday, 26 Feb 2015 | 11:10 AM ET

    Discussing its situation with Russia over gas supplies, Andriy Kobolyev, CEO of Naftogaz, says they always kept a certain amount of pre-paid gas, during the winter season, at the volume they felt was appropriate.

  • Tom McClellan, Editor, The McClellan Market Report Newsletter, discusses Apple's $740 billion market cap and the idea that one company is worth more than all the stocks in Mexico and McClellan weighs in on higher oil prices.

  • Oil down on day  Thursday, 26 Feb 2015 | 10:30 AM ET

    CNBC's Jackie DeAngelis reports natural gas inventories and the downward trajectory of oil on the day.

  • LONDON, Feb 26- Oil edged up on Thursday towards $62 a barrel as expectation of a coming recovery in global demand countered a further jump in U.S. crude stockpiles which underlined currently ample supplies. Brent crude rose 8 cents to $61.71 by 1446 GMT, after jumping more than 5 percent on Wednesday. "At present, it would appear that Brent is bottoming out at $60 per...

  • UPDATE 5-Oil falls towards $61 as ample supplies weigh Thursday, 26 Feb 2015 | 8:30 AM ET

    LONDON, Feb 26- Oil fell towards $61 a barrel on Thursday as a further jump in U.S. crude stockpiles underlined currently ample supplies, countering indications of a coming recovery in global demand. Brent crude fell 40 cents to $61.24 by 1317 GMT, after jumping more than 5 percent on Wednesday. "At present, it would appear that Brent is bottoming out at $60 per barrel,"...

  • UPDATE 4-Oil up near $62 after Saudi comments on demand Thursday, 26 Feb 2015 | 7:35 AM ET

    LONDON, Feb 26- Oil rose towards $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in U.S. crude stockpiles which underlined currently ample supplies. Crude benchmarks in the U.S. and Europe posted their largest percentage gains in nearly two weeks on Wednesday, supported by remarks from Saudi Arabia's oil minister, Ali...

  • LONDON, Feb 26- Oil rose above $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in U.S. crude stockpiles which underlined currently ample supplies. Crude benchmarks in the U.S. and Europe posted their largest percentage gains in nearly two weeks on Wednesday, supported by remarks from Saudi Arabia's oil minister, Ali...

  • Fed: The talk of inflation  Thursday, 26 Feb 2015 | 5:20 AM ET

    Will the Fed still raise rates, with today's CPI number inflation expected to decline? Boris Schlossberg, managing director at BK Asset Management, and Kathy Bostjancic, director of U.S. macro investor services at Oxford Economics, weigh in.