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  • DUBAI, Dec 25- Saudi Arabia plans to raise government spending 0.6 percent to a record high in its 2015 budget while covering a large deficit due to plunging oil prices with its huge fiscal reserves, the Ministry of Finance said on Thursday. Some analysts believe Riyadh is content to see oil prices fall as a way to squeeze out competing producers in non- OPEC nations.

  • SINGAPORE Dec 24- Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the U.S. dollar held near its highest level in nearly nine years on strong data. Brent for February delivery dropped 28 cents to $61.41 by 0235 GMT after settling up $1.58 on Tuesday. "Every time oil prices come up for air an OPEC member or short...

  • *Outlook remains weak as OPEC says will not cut production. LONDON, Dec 23- Brent crude oil rose above $61 a barrel on Tuesday after data showed the U.S. economy grew at its quickest pace in 11 years in the third quarter, outweighing downward pressure from a global glut and evidence of weak demand in other parts of the world. Brent for February rose $1.38 a barrel to a...

  • US markets: Home prices are key  Tuesday, 23 Dec 2014 | 5:50 AM ET

    Brad McMillan, chief investment officer at Commonwealth Financial Network discusses what to expect from the U.S. markets today.

  • *Outlook remains weak as OPEC says won't cut production. *Brent could drop below $60, WTI to $50, says BofAML. LONDON, Dec 23- Brent crude steadied around $60 a barrel on Tuesday, under pressure from a supply glut but supported by forecasts of stronger economic data from the United States, the world's biggest oil consumer.

  • When will oil stabilise?  Tuesday, 23 Dec 2014 | 4:30 AM ET

    Where does oil head from here? Gareth Lewis-Davies, senior oil strategist at BNP Paribas, sees a further drop after the start of 2015, but there will be a improvement, after the "greatest period of stock-building is over" in 2015.

  • *Overall outlook remains weak on OPEC reluctance to cut output. *Brent could drop below $60 a barrel, WTI to $50, says BofAML. SINGAPORE, Dec 23- Oil prices slid back close to opening levels around $60.20 per barrel on Tuesday, after gaining earlier in the day on expectation of firm U.S. economic data due later on Tuesday.

  • *OPEC hopes economic recovery will spur fresh demand. *$100 seen as encouraging non- OPEC output. ABU DHABI, Dec 23- Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to...

  • 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...

  • Saudi 'shock and awe' slams oil; nat gas burned Monday, 22 Dec 2014 | 5:46 PM ET

    OPEC talked down the oil market, sending crude sharply lower, while warm weather and growing supply battered natural gas prices.

  • Commodities tomorrow: Nat gas down 9% today  Monday, 22 Dec 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil sold off again today, as traders look for it to move lower. The average gas price in the US is now $2.39.

  • *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...

  • US oil ends 3.3% lower, at $55.26 per barrel Monday, 22 Dec 2014 | 2:34 PM ET

    Oil prices resumed their downward march on Monday after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.

  • Oil price slide 'good' for global growth: IMF Monday, 22 Dec 2014 | 1:00 PM ET
    An oil processing plant in Kawasaki, Japan, December 18, 2014.

    IMF Economists Blanchard and Arezki stated that oil's current price plunge will continue, thus providing help for global growth.

  • *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.