The chief exec of Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport.» Read More
Oil rose Thursday, recovering from early losses to close above $64 a barrel as U.S. government data showed crude oil inventories fell unexpectedly last week.
U.S. crude finished up slightly on Wednesday after Tuesday's sharp selloff and gasoline futures fell to a 3-week low ahead of weekly data on U.S. petroleum inventories.
ExxonMobil, which holds its annual meeting today, will attempt to allay shareholder concerns about environmental and governance issues, including whether Chairman Rex Tillerson should be reelected. One analyst said that despite public concern for the environment, which he attributes to higher energy prices and surging gas prices at the pump, Exxon's primary responsibility of making money for investors in the long term hasn't changed.
Norway's Statoil posted weaker-than-expected first-quarter profit due to lower oil and gas prices on Wednesday, but said it was poised to grow after resolving production problems at several North Sea fields.
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U.S. oil prices finished just below $66 Wednesday as U.S. warships put on a show of force off Iran's coast, coinciding with a United Nations agency report that said the Islamic republic had expanded its nuclear program.
U.S. oil fell below $65 as easing concerns that of a potential U.S. gasoline shortfall ahead of peak driving season in the world's top consumer.
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U.S. oil surged more than a dollar to its highest settle in three weeks as unrest in Nigeria kept markets on edge for further supply disruptions from Africa's top exporter.
U.S. crude oil futures were slightly higher in choppy trading on Friday, attempting to extend Thursday's RBOB gasoline-led rise as refinery snags and sluggish inventory gains keep supply concerns in focus.
U.S. oil finished just shy of $65 a barrel and Brent broke through $70 as U.S. refinery breakdowns choked gasoline supplies in the U.S. just ahead of peak summer demand.
Shares in oil giant Royal Dutch Shell rose more than 4% before closing at their highest level in six months on Thursday as traders cited rumours of a possible tie-up with a rival.
Oil climbed towards $63 a barrel on Thursday, supported by refinery closures that are cutting gasoline supplies in top consumer the United States just ahead of the summer driving season.
U.S. oil rose more than 1% Tuesday as unrest in Nigeria cut off more supplies from the world's eighth largest crude exporter.
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There are increasing worries that Nigerian oil production could fall even further at the end of the month if militants succeed with threatened attacks, planned to coincide with the handover of power from President Matthew Olusegun Aremu Obasanjo to his successor on May 29, sources and traders in the energy industry said Wednesday.
U.S. crude oil futures fell more than a dollar as RBOB gasoline faltered after rising early, triggering profit taking in the crude oil market and the rest of the oil futures complex, according to traders and analysts.
U.S. crude oil futures ended lower for the fourth consecutive session, as Nigerian militants freed several hostages taken from an Italian-operated oil field.
The S&P 500 index closed above the 1,500 level for the first time in nearly seven years but overall gains were modest amid concern the market may be reaching a top. "There is a lot of good news out there but we caution investors that it has been quite a while since a pullback in the stock market," said Alan Skrainka, chief market strategist at Edward Jones. "That concerns us a little bit."
Royal Dutch Shell, Nigeria's largest foreign oil producer, said on Thursday it was preparing to restart oil operations shut for more than a year by militant attacks in the country's Delta.