NEW YORK, May 24- Brent oil prices crept higher on Friday, as traders exited short positions ahead of a long holiday weekend in the United States, but the weekly percentage drop was still the biggest in more than a month. Brent crude oil futures settled 20 cents higher at $102.64 per barrel, after trading between $101.65 and $102.79.» Read More
May 17- The U.S. Federal Trade Commission on Friday said it approved Tesoro Corp's purchase of BP Plc's 240,000 barrel per day Los Angles area refinery and other assets in a 3-0 vote. The commission found the deal would not substantially lessen competition among seven refiners for gasoline in California, the nation's largest gasoline market.
NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that boosted U.S. equities, although a strong dollar limited gains in oil prices.
*European Commission has raided pricing agency Platts. The mid-sized trading company, which deals in physical oil products and owns storage facilities, was visited by inspectors from the European Commission on Tuesday.
*BP Arco station owners told sale could happen by June 1. HOUSTON/ WASHINGTON, May 16- Independent western U.S. refiner Tesoro Corp may take ownership of BP Plc's 240,000 barrel per day refinery in Carson, California, as early as June 1, sources familiar with the transaction said on Thursday.
WASHINGTON, May 16- The full U.S. House of Representatives will soon begin debate on a bill to approve the Canada- to-Nebraska Keystone XL oil pipeline, a lawmaker said on Thursday after his panel advanced the measure.
HOUSTON, May 16- Independent western U.S. refiner Tesoro Corp may take ownership of BP Plc's 240,000 barrel per day Carson, California, refinery, 800- station retail network and distribution and storage assets as early as June 1, said sources familiar with the transaction on Thursday.
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, May 16- The decline in China's implied oil use in April to an 8- month low, coupled with flat crude imports, gives the impression of weak demand, but the numbers aren't telling the whole story.
SINGAPORE, May 16- U.S. crude futures slipped towards $94 a barrel on Thursday as rising U.S. gasoline stocks weighed on sentiment, but prices were buoyed as talks between the United Nations' nuclear agency and Iran stalled. U.S. crude had fallen 18 cents to $94.12 a barrel by 0300 GMT, after ending 9 cents higher to snap four sessions of losses.
*IAEA nuclear talks with Iran reach deadlock. NEW YORK, May 15- Brent crude oil prices rose by more than $1 on Wednesday, reversing early losses to settle above $103 a barrel and increasing its premium over U.S. crude to the largest in 13 sessions.
NEW YORK, May 15- Brent crude oil prices reversed course on Wednesday and rose on the back of a rally in U.S. equity markets despite an increase in U.S. refined products inventories and data showing the euro zone was in its longest recession ever.
NEW YORK-- The Energy Department is expected to report on Wednesday that the nation's crude oil supplies grew by 300,000 barrels in the week ended May 10, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
NEW YORK, May 14- Brent crude oil prices fell on Tuesday after a global energy watchdog described world supplies as "comfortable" and analysts forecast a continued build in the U.S. crude inventory, while gasoline rose 1 percent on expected inventory draws ahead of the summer driving season.
CARACAS, May 14- Venezuela in 2012 became a net importer of gasoline as a result of escalating problems at its refineries and increasing demand for fuel in its internal market, joining a growing list of countries that struggle with fuel supplies despite ample oil reserves.
*IEA steeply raises non- OPEC supply forecast. *OPEC will barely have to raise output in next 5 years. LONDON, May 14- Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West's energy agency said.
*IEA steeply raises non- OPEC supply forecast. *OPEC will barely have to raise output in next 5 years.
NEW YORK-- Hess Corp. says it is willing to add two of Elliot Capital Management's nominees to its board after they agreed to forgo compensation from the hedge fund. But Elliot Management says the Hess move is a stunt, and it wants shareholders to hold out for bigger changes.
*Brent oil loses 1 pct on lighter U.S./ China demand. NEW YORK, May 13- Oil prices dropped their most in two weeks on Monday on data pointing to lighter U.S. and China energy demand, and gold slipped too as stronger U.S. retail sales boosted risk appetite among some investors that dulled the metal's safe-haven lure.
*China oil demand in April at eight-month low. NEW YORK, May 13- Crude oil prices settled lower on Monday after a choppy day of trading, hit by slowing oil demand in China and data showing the biggest drop for U.S. retail gasoline sales in more than four years.
*China oil demand in April at eight-month low. NEW YORK, May 13- Crude oil prices fell on both sides of the Atlantic on Monday, hit by slowing oil demand in China and data showing the biggest drop for U.S. retail gasoline sales in more than four years.
NEW YORK-- With days to go before Hess Corp.' s annual shareholder meeting, activist shareholder Elliot Capital Management's nominees to the energy company's board said they will forgo certain compensation that they could have received from the hedge fund if elected to the board.