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  • Overall outlook remains weak on OPEC reluctance to cut output. *Brent could drop below $60 a barrel, WTI to $50- BoAML. WTI crude futures rose over a dollar to a session high of $56.85 a barrel before dipping back to $56.11 at 0340 GMT.

  • Oil prices edge up, trading thin ahead of Christmas Monday, 22 Dec 2014 | 9:32 PM ET

    *Brent could drop below $60 a barrel, WTI to $50- BoAML. Tuesday's quiet opening followed a volatile session on Monday, when Brent prices first jumped to almost $63 a barrel on the back of strong international market performances before sliding back to not much over $60 after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.

  • SEOUL, Dec 23- U.S. crude futures edged up on Tuesday on expectations that a recent slump in prices could prompt demand, but gains were capped as Saudi Arabia urged its fellow OPEC members not to cut oil output at any price. *Saudi Arabia convinced its fellow OPEC members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's...

  • *U.S. crude falls more than $2 intraday; Brent down over $1. NEW YORK, Dec 22- Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price. After a weekend of comments from several Gulf OPEC members reiterating their intent not...

  • *Copper tracks oil lower after Saudi minister comments. LONDON, Dec 22- Copper dipped on Monday after oil prices retreated and as worries over growth in top consumer China persisted, though a trimming back of surplus forecasts for next year limited losses. Copper prices changed direction after oil resumed its slide after Saudi Arabia's oil minister said OPEC...

  • Brent prices have fallen more than 46 percent since the year's peak in June of above $115 per barrel, sped up by the November decision of the Organization of Petroleum Exporting Countries not to reduce production. Saudi Arabia has also convinced its fellow OPEC members it is not in the group's interest to cut oil output, however far prices may fall, the kingdom's...

  • NEW YORK, Dec 22- Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price. After a weekend of comments from several Gulf OPEC members reiterating their intent not to intervene in oil markets, despite oil prices that have...

  • Will oil ever stabilize?  Monday, 22 Dec 2014 | 11:00 AM ET

    Every time the oil price looks positive or stable "out comes something negative," says Richard Mallinson, analyst at Energy Aspects.

  • Who cares if oil drops to $20? Not minister Naimi Monday, 22 Dec 2014 | 10:16 AM ET
    Saudi Oil Minister Ali al-Naimi speaks to journalists ahead of the166th ordinary meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria on November 27, 2014.

    Saudi Oil Minister Naimi said the current oil price slide is "irrelevant," and swayed OPEC members to keep oil's current output.

  • Libya not producing enough oil for own needs, NOC says Monday, 22 Dec 2014 | 10:11 AM ET

    TRIPOLI, Dec 22- Libya's oil output cannot even cover its own needs, the National Oil Corp said on Monday, as the country struggles with fighting and protests that have hampered production since the 2011 ouster of leader Muammar Gaddafi. OPEC member Libya produced about 1.65 million barrels of crude oil a day the year before Gaddafi's ouster, consuming about...

  • LONDON, Dec 22- Oil fell towards $60 a barrel on Monday, reversing gains after Saudi Arabia indicated it could increase its output. Saudi Arabia convinced its fellow OPEC members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an interview with the Middle East Economic Survey.

  • OPEC head hopes for price revival by 2nd half  Monday, 22 Dec 2014 | 6:03 AM ET

    OPEC's Secretary General Abdullah Al-Badri says he hopes to see a recovery in the price of crude by the end of the second half of next year, with CNBC's Joe Kernen.

  • Dec 22- Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC's decision not to cut output, a Reuters monthly survey showed. The Organization of the Petroleum Exporting Countries' agreement last month to stand pat on output meant the onus for any supply...

  • OPEC will not cut production  Monday, 22 Dec 2014 | 4:30 AM ET

    Neil Atkinson, head of analysis at Lloyd's List Intelligence, compares the price of oil to "a bungee jump", referring to its volatility in price, saying that the problem is no knowing how many more "bounces" there are in oil until the price is stabilised.

  • Oil markets building in risk premium: Pro  Sunday, 21 Dec 2014 | 10:35 PM ET

    Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities, expects a risk premium to be built into fuel prices soon and explains why cheaper oil is a double-edged sword for consumers.

  • 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...

  • 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.

  • 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.

  • ABU DHABI, Dec 21- OPEC Secretary-General Abdullah al-Badri told Reuters on Sunday he hoped to see a recovery in the price of oil by the end of the second half of 2015.. "We hope the price would rebound by the end of the second half of 2015," he said. "We can't see the market now, we have to wait until the end of the second half of 2015 to see how the market react to these low...

  • OPEC SEC-GEN BADRI: WE HOPE OIL PRICE WILL REBOUND BY END OF SECOND HALF OF 2015.