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  • Ex-Obama aide: Get used to 'very different world' Thursday, 29 Jan 2015 | 10:53 AM ET
    Bill Daley

    "We're in a period of uncertainty and ... the volatility is going to continue," Bill Daley, former Obama chief of staff, tells CNBC.

  • Nat gas inventories down less than expected   Thursday, 29 Jan 2015 | 10:32 AM ET
    Nat gas inventories down less than expected

    CNBC's Jackie DeAngelis says traders are looking for a prolonged period in order to get natural gas above the $3 level. For now, though, it looks like that may not happen soon.

  • ConocoPhillips reports 4Q loss Thursday, 29 Jan 2015 | 10:31 AM ET
    A customer fills portable containers with fuel at a ConocoPhillips gas station in San Francisco.

    ConocoPhillips on Thursday reported a fourth-quarter loss of $39 million, after reporting a profit in the same period a year earlier.

  • LONDON, Jan 29- Brent oil futures rose above $49 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks. At 1438 GMT, U.S. crude was trading at $44.64 a barrel, up 19 cents off a six-year low hit on Wednesday. Brent was up 53 cents at $49 a barrel.

  • LONDON, Jan 29- U.S. commercial crude oil stocks last week hit their highest level since 1931- when the opening of giant oil fields in the United States coincided with the Great Depression to create an enormous glut and sent prices tumbling to just 13 cents per barrel. In October 1929, U.S. commercial crude stocks peaked at a staggering 545 million barrels, following...

  • Refiner Valero Energy's profit falls 5 pct Thursday, 29 Jan 2015 | 8:05 AM ET

    Jan 29- U.S. refiner Valero Energy Corp reported a 5 percent fall in quarterly income, hurt by a narrower spread between Brent and WTI crude and a drop in operating profit at its ethanol business. San Antonio- based Valero said net income from continuing operations attributable to stockholders fell to $1.22 billion, or $2.22 per share, for the quarter ended Dec. 31...

  • LONDON, Jan 29- Brent oil futures held above $48 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks. U.S. crude was trading at $44.26 a barrel by 1141 GMT, down 19 cents but off a six-year low hit on Wednesday. "It's a tug of war between the non-supportive fundamentals and investor flows- investors are...

  • NEW YORK, Jan 29- Americans are more likely than ever to favor easing a ban on exporting crude oil, so long as it does not lead to higher gasoline prices that have recently sunk to near $2 a gallon, according to a new Reuters-IPSOS poll. U.S. retail gasoline prices have halved to near $2 a gallon, probably easing immediate anxiety over pump prices; a growing number of...

  • Nigerian elections: Who could win   Thursday, 29 Jan 2015 | 5:00 AM ET
    Nigeria elections: Who could win

    Osita Benjamin Chidoka, minister of aviation in Nigeria, talks to CNBC about the upcoming presidential elections and the impact of oil prices on the economy.

  • LONDON, Jan 29- Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks had hit a record high. By 0928 GMT on Thursday, U.S. crude was trading at about $44.50 a barrel, up 5 cents and off a six-year low hit on Wednesday. "It's a tug of war between the non-supportive fundamentals and investor flows- investors...

  • These execs are very bullish on oil   Thursday, 29 Jan 2015 | 3:45 AM ET
    These execs are very bullish on oil

    Paddy Rodgers, CEO of Euronav, and Halvor Ellefsen, chief operating officer at Galbraiths, discuss why they are bullish on the oil market.

  • SINGAPORE, Jan 29- Oil remained weak in Asia on Thursday after data showing record U.S. stockpiles sent prices tumbling to the lowest level in nearly six years in the previous session and analysts said a global glut would continue to keep the market under pressure. Brent was trading at $48.65 a barrel at 0255 GMT while U.S. crude was at $44.54, versus the low of $44.08...

  • After touching a longtime low, crude settles up 8 cents Thursday, 29 Jan 2015 | 2:32 PM ET
    A floor hand for Raven Drilling, pauses while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

    West Texas Intermediate fell below $44 after data showed additions to already record-high U.S. oil inventories.

  • SEOUL, Jan 29- U.S. crude futures were trading near 6- year lows just below $44.50 a barrel in early Asian trade on Thursday, remaining under pressure after data showing U.S. crude stocks surged to their highest on record. *U.S. crude's front-month contract shed 1 cent at $44.44 a barrel as of 0000 GMT. *Benchmark Brent crude closed down $1.13, or 2.3 percent, at $48.47,...

  • Brace for $40 oil in coming weeks: Expert   Wednesday, 28 Jan 2015 | 6:44 PM ET
    Brace for $40 oil in coming weeks: Expert

    Andy Lipow, President of Lipow Oil Associate, expects West Texas Intermediate crude to test the $40 a barrel level as oil inventories continue to rise in the U.S.

  • Commodities tomorrow: Oil under $45   Wednesday, 28 Jan 2015 | 4:00 PM ET
    Commodities tomorrow: Oil under $45

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The fact that crude settled under $45, traders say, means that it will likely fall even further.

  • *U.S. crude hits session low at $44.08, lowest since April 2009. NEW YORK, Jan 28- Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer. It sank to as low as $44.08 before the close,...

  • NEW YORK, Jan 28- Oil prices fell on Wednesday after the U.S. government reported record-high crude inventories, adding to anxieties about the global glut that has pressured the market since last summer. Benchmark Brent crude oil was down 84 cents at $48.76 a barrel by 1:07 p.m. ET, after making a session low at $48.65. U.S. crude dropped $1.39 to $44.84, after...

  • Jan 28- Cenovus Energy Inc Canada's No. 2 independent oil producer, cut its 2015 capital budget by C $700 million on Wednesday, blaming plunging crude oil prices. The savings will come from suspending the bulk of Cenovus's conventional drilling program in southern Alberta and Saskatchewan, and delaying some long-term expansions and new projects in the oil...

  • But the build the EIA cited was about a third lower than the nearly 13 million barrels reported for the week to Jan. 23 by the American Petroleum Institute on Tuesday. Benchmark Brent crude oil was down 61 cents at $48.99 a barrel by 12:15 p.m. ET, off its session low of $48.65. "This inventory is bad, but not so bad" as expectations set by the API data, said Dominick...