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  • *U.S. crude futures drop below $50 intraday. NEW YORK, July 20- Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices. August crude, set to expire on Tuesday, fell 74 cents to settle at $50.15, having fallen to $49.85, its first time...

  • US oil ends at $50.15 a barrel; lowest since April Monday, 20 Jul 2015 | 2:31 PM ET
    A customer fills his tank at a gas station in Wheeler Ridge, California.

    Oil prices slipped on Monday, despite data showing a sharp drop in Saudi Arabia's crude oil exports.

  • NEW YORK, July 20- Oil futures fell and U.S. crude briefly slipped below $50 a barrel in choppy trading on Monday as ample supply, the prospect of more crude entering the market and the stronger dollar combined to pressure prices. Brent September crude was down 53 cents at $56.57 a barrel at 2:02 p.m. EDT, having swung from $56.45 to $57.44. August crude was down 74...

  • *Halliburton, Baker shares up amid decline in oil stocks. July 20- Halliburton Co said it had tapped BlackRock Inc for $500 million to help fund drilling in existing shale wells, the first such move by a major oilfield services provider at a time when oil producers are shying away from drilling new wells. "Though a relatively small market today, we see significant...

  • NEW YORK, July 20- Brent and U.S. crude slipped in choppy trading along with the seesawing dollar after the currency's early strength pressured dollar-denominated commodities. Brent September crude was down 30 cents at $56.80 a barrel at 11:29 a.m. EDT, having swung from $56.45 to $57.44. August crude was down 47 cents at $50.42.

  • July 20- Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly profit as costs cuts helped offset the impact of a steep drop in drilling activity. The company also said it was "fully committed" to completing its takeover of smaller rival Baker Hughes Inc, after the U.S. Department of Justice extended its review of...

  • LONDON, July 20- Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity. Crude prices have fallen for three weeks in a row on expectations of increased oil sales from Iran following a deal to ease sanctions against the OPEC producer. Brent crude for September was down 35 cents at...

  • July 20- Oilfield services provider Halliburton Co reported a 93 percent fall in quarterly profit as oil producers pummeled by a steep decline in oil prices cut drilling activity, and the company incurred about $400 million in charges. Profit attributable to Halliburton fell to $53 million, or 6 cents per share, in the second quarter ended June 30 from $775...

  • UPDATE 4-Oil steadies as Saudi crude exports fall Monday, 20 Jul 2015 | 4:41 AM ET

    LONDON, July 20- Oil prices steadied on Monday after data showing a sharp drop in Saudi Arabia's crude oil exports balanced signs of rising refined products stocks. Brent crude for September was 5 cents up at $57.15 a barrel by 0825 GMT. Oil prices have fallen for three weeks in a row on expectations of increased exports from Iran following a deal to ease sanctions...

  • Both international and U.S. crude futures posted their third consecutive weekly losses last week on expectations of increased exports from Iran following a deal to ease sanctions against the OPEC producer. Brent September crude was 12 cents lower at $56.98 a barrel by 0316 GMT. Should WTI get back to a level seen last month around $60 a barrel, "U.S. producers will...

  • U.S. crude was down 5 cents at $50.84 by 0056 GMT, after falling more than 3 percent last week and more than 14 percent in July. Schlumberger NV said it is betting on an uptick in demand in coming quarters for oilfield services in North America, a market that has been battered by a steep drop in oil prices. Money managers cut their net long U.S. crude futures and options...

  • *Iran starts moving oil stored offshore to Asia. NEW YORK, July 17- Brent crude rose and U.S. futures dipped on Friday in choppy trading as expectations of increased exports from Iran capped prices and helped both contracts post their third consecutive weekly losses. "The rig count is a bullish element and might help keep U.S. crude above $50 and we might see some...

  • US oil settles down 2 cents, at $50.89 a barrel Friday, 17 Jul 2015 | 2:31 PM ET
    oil fracking North Dakota

    Oilfield services firm Baker Hughes reported U.S. drillers took seven oil rigs out of fields last week, capping two weeks of increases.

  • *Iran starts moving oil stored offshore to Asia. *Baker Hughes says oil rig count down seven this week. NEW YORK, July 17- Crude oil prices slipped in choppy trading on Friday and were headed for a third week of losses, amid pressure from a stronger dollar and expectations of increased exports from Iran.

  • July 17- The resurgence in drilling seen earlier this month seemed to fizzle this week as U.S. energy firms cut seven oil rigs, oil services company Baker Hughes Inc data showed on Friday. That was the 30th weekly oil rig decline in the past 31 weeks, bringing the total down to 638, the lowest since the last week in June, said Baker Hughes in its closely followed report.

  • OIL DRILLERS CUT RIGS THIS WEEK AS CRUDE PRICES COLLAPSE- BAKER HUGHES.

  • July 17- Schlumberger Ltd, the world's No. 1 oilfield services provider, expects little improvement in pricing levels in the near future as customers continue to keep a tight lid on budgets, it said on a conference call on Friday. Schlumberger, which provides drilling technology and equipment to oil and gas companies, expects exploration and production...

  • July 15- Growing doubts that regulators may not approve Halliburton Co's $35- billion takeover of fellow oilfield services company Baker Hughes Inc this year has thrown up a high-reward opportunity for investors with an appetite for risk. Baker Hughes' stock was trading at a discount of 8 percent to $67, which is what Halliburton's cash-and-stock offer was...

  • LONDON, July 13- Crude oil production data published by the state of North Dakota on Friday contained something for both bulls and bears. The state pumped an average of 1.2 million barrels per day in May, an increase of 32,000 bpd compared with April, according to the Department of Mineral Resources. State output has risen by an average of just 0.2 percent per month...

  • *Greece, China factors supported oil early; Iran talks weighed. NEW YORK, July 10- Crude futures settled little changed on Friday after data showed the U.S. oil rig count barely rose this week, allaying fears of an acceleration in drilling that could bring on a surfeit of new supply to the market. The market moved up after a rally in Chinese equities in Asian trading...