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  • Brent April crude was up $1.51 at $61.56 a barrel at 11:54 a.m. EST, on pace to post a 16 percent monthly gain, the first monthly rise since June. April crude was up 75 cents at $48.92 a barrel, needing a finish above $48.24 to post a February gain. Oil has been supported by signs that lower prices are starting to reduce investment in production in non- OPEC countries and...

  • PARAGUANA/ CARACAS, Venezuela, Feb 25- Venezuelan state oil company PDVSA's 146,000- barrel-per-day El Palito refinery has been halted since Monday due to problems with a compressor and a demineralization plant, union leader Ivan Freites said on Wednesday. Amuay, the OPEC country's biggest refinery, is operating at 370,000 bpd, well below its 645,000- bpd...

  • JIZAN, Saudi Arabia, Feb 25- Saudi Arabia's Oil Minister Ali al-Naimi said on Wednesday that oil demand is growing and markets are calm, in some of his first public comments since the price of crude rebounded from a near six-year low. Oil crashed by 60 percent between June and January to a post-2009 low of $45 a barrel, with losses accelerating after OPEC decided in...

  • RIYADH, Feb 24- Oil prices have started to stabilize around current levels of $60 a barrel and demand is showing signs of improving in Asia and other regions, a senior Gulf OPEC delegate said on Tuesday. Prices collapsed from $115 in June due to oversupply, in a decline that deepened after OPEC refused to cut output. The price decline since last year has hurt the...

  • GUAYAQUIL, Ecuador, Feb 24- Ecuador's President Rafael Correa said on Tuesday he agrees with a proposal for OPEC to call an extraordinary meeting, describing current global prices for crude oil as "unnecessarily" low. "Prices are unnecessarily low... and OPEC has capacity to regulate its production- together with Russia, which is not part of OPEC- to raise prices."

  • Commodities tomorrow: Gas keeps rising  Tuesday, 24 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil ended the day under $50. Traders are expecting a build in tomorrow's inventory report.

  • Prices faltered after being lifted by news the Sarir and the nearby oilfields in Libya were shut by a power cut, dealing another blow to exports from the embattled OPEC member nation. "The supply dynamic will be reinforced by the inventory reports and the data are simply too compelling to ignore, and it has consistently undermined the recent rallies," said John...

  • US crude ends lower ahead of fresh inventory data Tuesday, 24 Feb 2015 | 2:32 PM ET
    Oil drills are pictured in the Kern River oil field in Bakersfield, California

    Crude oil futures rose on Tuesday on news that production had stopped at Libya's largest oilfield.

  • Oil stabilizing, $60 OK for now: OPEC delegate Tuesday, 24 Feb 2015 | 2:18 PM ET
    A worker walks at the Nahr Bin Umar field, Iraq.

    Oil prices have started to stabilize and demand is improving, a senior Gulf OPEC delegate said on Tuesday.

  • RIYADH, Feb 24- Oil prices have started to stabilise around current levels of $60 a barrel and demand is showing signs of improving in Asia and other regions, a senior Gulf OPEC delegate said on Tuesday. Prices collapsed from $115 in June due to oversupply, in a decline that deepened after OPEC refused to cut output. The price decline since last year has hurt the...

  • UPDATE 8-Oil lifted after Libya's largest field shuts Tuesday, 24 Feb 2015 | 12:42 PM ET

    NEW YORK, Feb 24- Crude oil futures rose on Tuesday on news that production had stopped at Libya's largest oilfield. The Sarir and the nearby Messla oilfields in Libya were shut because of a power cut, dealing another blow to exports from the embattled OPEC member nation. Brent April crude was up 52 cents at $59.42 a barrel at 12:24 p.m. EST.

  • LONDON, Feb 24- Brent crude oil rose more than $1 to around $60 a barrel on Tuesday after Libya's largest oilfield stopped production. The Sarir oilfield in Libya shut because of a power cut, in a further blow to exports from the OPEC member. Brent for April was up $1.10 at $60.00 a barrel by 1435 GMT, recovering from an earlier low of $58.10.

  • LONDON, Feb 24- Brent crude oil reversed early losses to trade back above $59 a barrel on Tuesday as Libya's largest oilfield stopped production, and as traders awaited U.S. oil inventory data to see whether it would show another large increase. The Sarir oilfield in Libya shut because of a power cut, in a further blow to exports from the OPEC member.

  • *Nigeria plans OPEC emergency meet if prices fall further- FT. SINGAPORE, Feb 24- Brent fell towards $58 a barrel on Tuesday, extending the 2- percent loss in the previous session, as oversupply fears lingered, overshadowing any optimism on the outlook for the global economy. Brent fell 41 cents to $58.49 a barrel by 0640 GMT, while U.S. crude was down 51 cents at $48.94.

  • *Nigeria plans OPEC emergency meet if prices fall further- FT. Brent had risen 26 cents to $59.16 by 0420 GMT, while U.S. crude was up 3 cents at $49.48. "People are starting to get a sense of economic recovery and that's providing a bit of support and an underlying stream of confidence," said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.

  • Brent rises above $59 on hopes of economic recovery Monday, 23 Feb 2015 | 9:39 PM ET

    *Nigeria plans OPEC emergency meet if prices fall further- FT. April Brent had risen 32 cents to $59.22 by 0236 GMT, while front-month U.S. crude was up 10 cents at $49.55. "People are starting to get a sense of economic recovery and that's providing a bit of support and an underlying stream of confidence," said Jonathan Barratt, chief investment officer at Sydney's...

  • Commodities tomorrow: Oil back under $50  Monday, 23 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Rumors of an emergency OPEC meeting bumped the price temporarily, but oil closed under $50 today.

  • *Nigeria plans OPEC emergency meeting if selloff doesn't stop- FT. NEW YORK, Feb 23- Crude oil futures fell more than 2 percent on Monday as investors worried about oversupply and a strong dollar, but heating oil futures jumped 5 percent due to operational problems at major U.S. refineries. Crude was down for almost the whole trading session, rising briefly after the...

  • NEW YORK, Feb 23- Nigeria will call an extraordinary meeting of OPEC if crude oil prices slip any further, the country's oil minister said in an interview with the Financial Times, in a sign of growing alarm over the impact of oil's collapse on oil-producing economies. As OPEC president, she is responsible for liaising with member countries and the producer...

  • Oil slide could trigger OPEC emergency meeting Monday, 23 Feb 2015 | 1:38 PM ET
    A laborer works at Nahr Bin Umar oil field, southeast of Baghdad, Iraq.

    Members of Opec have discussed an emergency meeting if crude continues to slide, according to Nigeria's oil minister, the FT reports.