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  • *Consensus grows for Brent to remain above $60 for rest of year. LONDON, Dec 22- Oil rose above $62 a barrel on Monday, mirroring gains in equities, as investors became confident there would be no further substantial price loss in the run-up to the new year. "The market has calmed down and it is forming a short-term base above $60, and it's to be expected that there would be...

  • *Consensus grows for Brent to remain above $60 for rest of year. SINGAPORE, Dec 22- Brent crude futures rose more than 2 percent toward $63 a barrel on Monday as Asian markets firmed into a holiday-shortened week and consensus spread that prices would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • MOSCOW, Dec 22- The Russian rouble opened broadly firmer on Monday, supported by higher oil prices and a pause in the panic-selling on the domestic currency market after officials rushed to issue strong verbal support and announce measures to ease the situation. Oil, Russia's chief export, was up, with Brent futures trading above $62 per barrel.

  • *Consensus grows for Brent to remain above $60 for rest of year. SINGAPORE, Dec 22- Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.4...

  • TOKYO, Dec 22- Japanese stocks advanced on Monday as rebounding crude prices underpinned oil-related shares. The Tokyo Stock Exchange oil and coal products companies subindex starred, gaining 8.4 percent as oil staunched its recent losses. Oil refiner Showa Shell Sekiyu soared 27.7 percent on a media report that it was in talks to be acquired by bigger rival...

  • *Consensus grows that Brent to remain above $60 for rest of year. SINGAPORE, Dec 22- Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.1...

  • *Consensus growing that Brent to remain above $60 for rest of yr. SINGAPORE, Dec 22- Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3...

  • *Consensus growing that Brent to remain above $60 for rest of yr. SINGAPORE, Dec 22- Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3...

  • Brent rises above $62 as Asian markets open strong Sunday, 21 Dec 2014 | 11:43 PM ET

    Oil prices rose as Asian markets opened strongly and as consensus spread that Brent prices would likely remain above $60 for the rest of the year.

  • Why this is not the end of oil's plunge  Sunday, 21 Dec 2014 | 6:42 PM ET

    Mike Harrowell, Director of Resources Research at BBY, says oil prices could fall to $15-20 a barrel unless Saudi Arabia cuts output to restore market balance.

  • Joe Magyer, Senior Advisor at The Motley Fool, says markets should be concerned with the collective fall in commodity prices, which could be reflecting a weakening world economy.

  • SEOUL, Dec 22- U.S. crude futures rose to near $57.50 a barrel in early Asian trades on Monday, extending gains in the previous session helped by profit-taking on short positions, but the rise was capped by Saudi Arabia saying it would not cut output to prop up markets. *Saudi Arabia said on Sunday it would not cut even if non- OPEC nations did so, in one of the toughest...

  • UAE's plea may not 'mean much': Platts  Sunday, 21 Dec 2014 | 5:31 PM ET

    The United Arab Emirates on Sunday urged oil producers not to raise their output for 2015. John Kingston, Global Director of News, Platts, discusses whether that could solve oversupply woes in oil markets.

  • What Pickens and food trucks have in common Sunday, 21 Dec 2014 | 11:00 AM ET
    Neapolitan Express Margherita pizza

    What do T. Boone Pickens, a former NYMEX chairman and a pizza food truck have in common? A lot more than you might think.

  • Saudi oil chief: No conspiracy behind oil prices Sunday, 21 Dec 2014 | 5:57 AM ET

    Non- OPEC member Russia and other nations like Iraq, Iran and Venezuela need prices substantially above present levels to meet budget goals and want to drive prices up. An OPEC meeting last month failed to agree on production cuts, mainly because of Saudi opposition to curb its own exports. OPEC controls about 40 percent of the world oil market and Saudi Arabia is...

  • IRAQ OIL MIN SAYS SEES OIL PRICES STABILIZING AROUND CURRENT LEVEL OF $60/ BBL.

  • Doubt oil will go much lower: Gartman Friday, 19 Dec 2014 | 7:14 PM ET
    Dennis Gartman

    Noted investor Dennis Gartman told CNBC he's like to think oil is stabilizing, with the vast majority of the move over.

  • The Week Ahead: Santa Claus is coming to town  Friday, 19 Dec 2014 | 4:02 PM ET

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Christmas is this week and retailers are hoping for a big Super Saturday.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil tried to stabilize today on short covering heading into the weekend.

  • *Brent closes above $61, U.S. crude settles above $56. NEW YORK, Dec 19- Oil closed up as much as 5 percent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009.. Brent's front-month settled up $2.11, or 3.4 percent, at $61.38 a barrel, after closing twice this week below the...