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  • LONDON, Feb 20- Brent crude oil steadied above $60 a barrel on Friday as expectations of falling U.S. rig count numbers outweighed concerns about oversupply. This week's numbers, produced by oil services firm Baker Hughes Inc, are due around 1800 GMT on Friday. "A further sharp decrease in the oil rig count is expected... which points to declining U.S. oil production in...

  • LONDON, Feb 20- Brent crude oil rose towards $61 a barrel on Friday as expectations of falling U.S. rig count numbers outweighed concerns about oversupply. This week's numbers, produced by oil services firm Baker Hughes Inc, are due around 1800 GMT on Friday. "A further sharp decrease in the oil rig count is expected... which points to declining U.S. oil production in the...

  • *Prices off session lows; Brent above $60, U.S. crude above $51. NEW YORK, Feb 19- Oil prices fell for a second day on Thursday, after the U.S. government reported another record high in crude inventories, but prices bounced sharply off session lows on relief the builds were less than an industry group had estimated. "It is still a bearish number though it provides a little...

  • *Output from Saudi Arabia may also be rising- PIRA. LONDON, Feb 19- Brent crude oil prices fell below $59 a barrel on Thursday after U.S. government data showed crude stocks hit a record high last week. Benchmark Brent crude futures for April were down $1.83 at $58.70 by 1618 GMT, having hit an intraday low of $57.80 earlier in the session, extending declines from...

  • *Output from Saudi Arabia may also be rising-PIRA. At 0843 GMT, benchmark Brent crude futures for April were down $1.67 at $58.86 a barrel, extending declines from Tuesday's two-month high of $63. "The inventories were the trigger for the sharp correction lower," Carsten Fritsch, an oil analyst at Commerzbank in Frankfurt, said.

  • So what would it cost if Greece left the euro? Neither side wants Greece to leave the single currency zone. Without more money, Greece may default on debts due this spring and summer.

  • METALS-Copper rebounds as Chinese sellers go on holiday Wednesday, 18 Feb 2015 | 10:20 AM ET

    LONDON, Feb 18- Copper rebounded on Wednesday after hefty falls in the previous session as some bulls took advantage of Chinese investors being absent due to the week-long Lunar New Year holiday. Copper prices have recovered around 8 percent since hitting the 5-1/ 2 year low in January, but the metal used in power and construction has still fallen some 9 percent so...

  • LONDON, Feb 18- Oil fell more than $1 towards $61 a barrel on Wednesday, failing to build on gains of over 1 percent in the previous session as analysts said a recent rally was overblown. "The lack of follow-through higher yesterday is a worry and there's plenty of reason to be neutral here and observe carefully," PVM Oil Associates director and technical analyst...

  • LONDON, Feb 18- Copper inched up on Wednesday on bargain-hunting following hefty falls in the previous session, though thin trading exaggerated the price move as consumers in China were absent due to the week-long Lunar New Year holiday. Copper prices have recovered around 6 percent since hitting a 5-1/ 2 year low in January, but the metal used in power and...

  • NEW YORK, Feb 17- Crude oil futures fell on Tuesday as concerns about weak demand as a result of uncertainty in Europe outweighed worries about threats to Middle East production and the effect of U.S. output cuts. "Growing concerns about whether a cease-fire will hold and Greece's problems have got people worried about demand for oil in a shaky European economy,"...

  • LONDON, Feb 17- Oil slipped below $61 a barrel on Tuesday, dragged lower by weakness in some other commodity markets, although threats to Middle East crude supplies and expectations lower prices may prompt a slowdown in U.S. output limited the fall. "I think it all started in silver with squeezing out of long positions, then spilled over to gold and then to oil," said...

  • LONDON, Feb 17- Copper and other base metals fell on Tuesday on concerns about demand in China and after debt talks between Greece and its European partners collapsed. Metals trading volumes have been winding down in Asia ahead of the Lunar New Year holiday in China. "We don't see a lot turning around significantly after Chinese New Year," said analyst James Glenn of...

  • LONDON, Feb 17- Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq's semi-autonomous Kurdistan Regional Government threatened to...

  • UPDATE 3-Oil rises to $62, close to 2015 high Tuesday, 17 Feb 2015 | 5:07 AM ET

    LONDON, Feb 17- Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq's semi-autonomous Kurdistan Regional Government threatened to...

  • Hopes of Greek deal remain despite tough talk Tuesday, 17 Feb 2015 | 3:16 AM ET

    BRUSSELS— Despite all the tough talk and ultimatums, Greece and its creditors in the 19- country eurozone are still expected to cobble together some sort of deal that will allow the country to remain a member of the euro currency. That's likely because they've been here before— the eurozone has in recent years often run into moments of brinkmanship, often with...

  • LONDON, Feb 17- Italian and Spanish bond yields rose on Tuesday as investors sold lower-rated euro zone assets after Greece rejected a proposal to extend its international bailout by six months. The breakdown in talks between Athens and its European partners raised doubts about Greece's future in the euro zone. "Risk aversion looks set to dominate into...

  • *Euro zone ministers meet for Greece talks. LONDON, Feb 16- Gold rose for a third straight session on Monday, as the dollar weakened before a meeting of euro zone finance ministers on how to proceed with Greece's bailout program. "Gold recovered last Friday after disappointing U.S. data and it is relatively well supported, given the still ongoing risks in Greece,"...

  • *China markets closed from Feb. 18 for Lunar New Year holiday. *Outlook for China demand after holiday uncertain- Commerzbank. LONDON, Feb 13- Copper steadied on Friday, retreating from a three-week high hit earlier in the day, as volumes waned ahead of a week-long holiday in top consumer China.

  • *IEA, OPEC, EIA see higher demand for OPEC crude. After an oversupply of world oil sent prices tumbling in 2014, top OPEC exporter Saudi Arabia urged fellow members not to prop up the market and to try to knock out competing sources like U.S. shale, which, because it has higher production costs, had to cut output when prices fell. In reports this week, The International...

  • *Activity in China retreats ahead of Lunar New Year. LONDON, Feb 13- Copper slipped on Friday, retreating from a three-week high hit earlier in the day, as the euro reversed gains against the dollar and activity in top consumer China waned ahead of a week-long holiday. "It is difficult to get fundamental views given the fact that the markets in China are going to be...