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  • *US crude inventory data helps dilute OPEC impact. Oil prices had dropped about 2 percent earlier after the OPEC failed to reach a deal to freeze output, but the U.S. inventory data helped pare back losses to a fall of about 0.5 percent. "The bulk of the important data is going to be coming out tomorrow so markets tend to get relatively quiet, going into the sideways mode...

  • *Oil tumbles as OPEC fails to clinch output freeze deal. NEW YORK, June 2- The euro declined on Thursday on the European Central Bank's cautious economic outlook, while oil prices took a hard knock after OPEC failed to reach a deal to freeze output. Oil's recovery had been driven by hopes OPEC would reach an accord on a production freeze in an effort to address the...

  • LONDON, June 2- German 10- year bond yields fell on Thursday as the European Central Bank tentatively upgraded its forecast for future inflation, just as oil prices skirted away from $50 a barrel. At a separate Organization of the Petroleum Exporting Countries meeting there was no apparent change of crude production policy, deflating hopes for an output quota...

  • SAUDI ENERGY MINISTER SAYS OPEC WILL BE MORE THAN A TALKING SHOP.

  • SAUDI ENERGY MINISTER SAYS OPEC MAY NOT RETURN TO PREVIOUS STYLE OF MANAGING MARKET.

  • *OPEC ends meeting without output ceiling. NEW YORK, June 2- Oil prices fell more than 1 percent on Thursday as the Organization of the Petroleum Exporting Countries ended a recent meeting without setting a ceiling for its production. Market participants had followed OPEC's gathering in Vienna for signs of agreement on reviving the group's collective output...

  • LONDON, June 2- European shares edged into negative territory on Thursday after OPEC failed to agree an output ceiling for oil and the European Central Bank revised its inflation and growth forecasts only slightly higher. Oil and gas shares were the top sectoral fallers, down 1 percent after an OPEC delegate told Reuters that OPEC was not changing its ouptut...

  • *OPEC keeps oil output policy unchanged. June 2- U.S. stocks fell on Thursday morning, weighed down by a fall in Apple as well as a drop in energy companies after OPEC failed to agree on output policy. The European Central Bank kept its negative interest rates unchanged and President Mario Draghi said inflation would likely remain very low or negative in the next few...

  • NEW YORK, June 2- Oil prices fell more than 1 percent on Thursday as the Organization of the Petroleum Exporting Countries ended its meeting without any apparent change in its crude production policy. Market participants had followed OPEC's gathering in Vienna for signs of agreement on reviving the group's collective output quota proposed by Saudi Arabia or...

  • BRUSSELS, June 2- The European Union executive threw its weight behind the "sharing economy" on Thursday, saying governments should only ban services such as ride-hailing app Uber and Airbnb as a last resort. In new guidelines intended to foster development of the new Internet-based services in Europe, the European Commission said any restrictions on them by EU...

  • VIENNA, June 2- The European Central Bank remains ready for any outcome from Britain's referendum on membership of the European Union on June 23- but it hopes the British stay in, ECB President Mario Draghi said on Thursday. "The ECB has a view whereby the UK should remain in the European Union because the European Union will benefit from its permanence, and we...

  • VIENNA, June 2- OPEC refrained from changing its oil output policy on Thursday, meaning the organisation failed to agree a new production ceiling, an OPEC delegate told Reuters.

  • OIL PRICES EDGE LOWER AFTER REUTERS REPORTS OPEC AGREES TO NO CHANGE IN POLICY, NO OUTPUT CEILING.

  • LONDON, June 2- Oil prices headed for their third week of gains on Thursday, holding steady ahead of an OPEC meeting that analysts said was not expected to result in restrictions on crude output. The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in Vienna, with Riyadh...

  • KIEV, June 2- Ukraine has set too high a reserve price for its flagship privatisation of Odessa Portside Plant that could deter reputable foreign investors from bidding, the IMF and EBRD told the government in a letter seen by Reuters on Thursday. In their letter to Prime Minister Volodymyr Groysman, the lenders said the valuation process- which set a reserve...

  • LONDON, June 2- Emerging stocks struggled higher on Thursday but investors remained cautious ahead of key U.S. data while Polish assets suffered after the European Union issued a warning over Warsaw's controversial reforms and amidst growing Brexit fears. "The latest batch of data from Europe was quite good, especially from Germany, so it's not really a...

  • LONDON, June 2- The British pound would sink 9 percent against the dollar in the immediate aftermath of Britons voting to leave the European Union on June 23, a Reuters poll of foreign exchange strategists showed on Thursday. When asked in April how sterling would fare, median forecasts suggested it would gain the same 4 percent soon after an' In' vote but would fall 7...

  • REUTERS POLL-BRITISH POUND WOULD FALL 9 PERCENT IN IMMEDIATE AFTERMATH OF BREXIT VOTE TO LEAVE EUROPEAN UNION- FX STRATEGISTS.

  • REUTERS POLL-BRITISH POUND WOULD GAIN 4 PERCENT IN IMMEDIATE AFTERMATH OF VOTE TO REMAIN IN EUROPEAN UNION- FX STRATEGISTS.

  • VIENNA, June 2- OPEC still has a role in managing oil markets such as responding to short-lived supply disruptions, Saudi Energy Minister Khalid al-Falih told Argus Media in an interview. "There could be shorter-term situations in which, in our view, OPEC might intervene and yet other situations- such as long-term growth of marginal barrels- in which case it should...