CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Brent crude slides, and traders watch China and the dollar.» Read More
*Russia to send troops to Crimea amid NATO exercises in Ukraine. NEW YORK, Sept 16- U.S. crude futures rose more by more than $2 and Brent by more than $1 on Tuesday on the prospect of an OPEC production cut as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.
*U.S. stocks near record levels, Europe lower. *Crude oil rises on possible OPEC supply cut. "The rumor is won't change the' considerable time' language," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey, referring to the Fed's previously stated timeline of when it will raise rates.
*OPEC to cut output target in November meeting- Badri. NEW YORK, Sept 16- Brent and U.S. crude futures rose more than a dollar on Tuesday on the prospect of a possible OPEC production cut and on news that Libya curbed output after rockets hit an area near a refinery.
Brent crude climbed above $98 after hitting a 26- month low in the prior session while U.S. crude gained 78 cents to $93.70 on the possibility of an output cut from OPEC. Among the leaders to the upside were Exxon Mobil, up 0.8 percent to $97.04, and Schlumberger, up 0.7 percent to $103.72.
*Crude oil rises on possible OPEC supply cut. Wall Street stocks rose modestly on the day, while an index of European shares fell 0.4 percent as this week's referendum on independence in Scotland kept investors on edge with polls suggesting the vote remains too close to call.
*OPEC to cut output target in November meeting- Badri. LONDON, Sept 16- Brent crude oil rose above $98 per barrel on Tuesday, as the prospect of a likely supply cut from OPEC outweighed the impact of weak demand from the world's biggest energy consumers.
VIENNA, Sept 16- Russia did not discuss any coordination on oil prices during a meeting with OPEC on Tuesday, Russian Energy Minister Alexander Novak said. "We did not discuss it, this is not a subject of our dialog," Novak said after meeting OPEC Secretary General Abdallah El-Badri. Oil prices have fallen below $100 per barrel for around a week.
VIENNA, Sept 16- OPEC Secretary General Abdallah El-Badri told reporters on Tuesday he expected the group to lower its oil output target when it meets next in late November. Badri was asked if OPEC's 30 million barrels per day output target would still be appropriate next year.
*Russia to meet with OPEC as low prices pressure budget. "The Chinese data was sufficiently negative to create real worry again about the outlook for demand there and globally," said John Kilduff, a partner at Again Capital LLC in New York.
Russia to meet with OPEC as low prices pressure budget. "The Chinese data was sufficiently negative to create real worry again about the outlook for demand there and globally," said John Kilduff, a partner at Again Capital LLC in New York.
*Russia to meet with OPEC as low prices pressure budget. NEW YORK, Sept 15- Brent and U.S. crude futures fell in choppy trading on Monday, with weak Chinese economic data pushing the expiring October Brent contract to a two-year low and news that Russia's energy minister would meet OPEC officials cushioning the drop.
*Russia has so far ruled out joint action with OPEC. MOSCOW, Sept 15- Russian Energy Minister Alexander Novak will meet OPEC officials on Tuesday in Vienna, his spokeswoman said, as oil's price fall piled pressure on Moscow's budget. So far, Russia, the world's top producer of conventional oil, has ruled out coordinated action with OPEC to halt the price decline.
*OPEC predicts 1 million bpd supply surplus in 2015. LONDON, Sept 11- Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.
*OPEC predicts 1 million bpd supply surplus in 2015. LONDON, Sept 11- Brent crude fell to a 17- month low below $98 a barrel on Thursday, down for the sixth straight session as worries over ample supply and weak demand outweighed concerns that conflict in the Middle East could curb oil production.
*OPEC predicts 1 million bpd supply surplus in 2015. *WTI could drop to $85 a barrel- Ayers Alliance. An escalation in the United States' campaign against Islamic State militants with plans for air strikes for the first time in Syria and more attacks in Iraq have raised fears of reprisals, said Tony Nunan, oil risk manager at Japan's Mitsubishi Corp..
SINGAPORE Sept 11- U.S. crude futures held near a 16- month low below $92 a barrel on Thursday, after falling sharply in the previous session on lower OPEC demand forecasts and a jump in U.S. refined product stocks. *U.S. crude for October delivery edged up 11 cents to $91.78 as of 0036 GMT after falling $1.08 to settle at $91.67 a barrel in the previous session.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
*Saudi says cuts output, but overall OPEC supply rises. NEW YORK, Sept 10- U.S. crude futures fell to a 16- month low and Brent to a 17- month low on Wednesday on rising supply and tepid demand and as OPEC lowered projected demand for its crude and data showed U.S. refined product stocks jumped.
OPEC slashed its oil supply forecast for Russia next year and said continued geopolitical uncertainty was limiting its economic prospects.
Abhishek Deshpande, oil and gas analyst at Natixis, discusses OPEC's latest demand and supply revisionsl.