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  • March 28- Warren Buffett's Berkshire Hathaway Inc on Monday said it has increased its ownership stake in Wells Fargo& Co to 10 percent, a level that could mean increased federal scrutiny over the investment. Berkshire owns 506.3 million shares of Wells Fargo, worth about $24.7 billion, mainly through subsidiaries, according to filings with the U.S. Securities...

  • *Crude prices fall on strong dollar, stockpile build. NEW YORK, March 24- U.S. stocks broke a five-week winning streak on Thursday with a strengthening dollar weighing on commodity-related shares. I think it's natural for folks to take a deep breath and take some chips off the table, "said Jeff Buetow, president of BFRC Services in Charlottesville, Virginia.

  • NEW YORK, March 24- Wall Street stocks were mostly slightly lower on Thursday as dollar strength damaged oil and commodity share prices and financials weakened, threatening to end the S&P 500' s five-week winning streak. I think it's natural for folks to take a deep breath and take some chips off the table, "said Jeff Buetow, President and BFRC Services in...

  • March 24- Wall Street was lower on Thursday ahead of the long Easter weekend, as Wells Fargo led declines in financial stocks and gains in the dollar hurt commodities. Wells Fargo's 2.2 percent drop was the biggest drag on the S&P 500. Louis Fed President James Bullard, a voting member of the Federal Open Market Committee, became the latest official to take a hawkish...

  • *Crude prices fall below $40 a barrel. Louis Fed President James Bullard, a voting member of the Federal Open Market Committee, became the latest official to take a hawkish stance after he said on Thursday that another hike "may not be far off." "The outlook for most investors is caution," said Amir Madden, portfolio manager at asset management firm GAM in New York.

  • *Crude prices fall below $40 a barrel. March 24- Wall Street was lower on Thursday morning, ahead of the long Easter weekend, as a stronger dollar weighed on crude oil. "You've had a pretty good recovery here now, and it seems like risk-reward certainly isn't as attractive," said Aaron Clark, a portfolio manager at GW&K Investment Management in Boston.

  • LONDON, March 24- The political economy of oil prices in the United States is complicated. The United States is the world's largest oil consumer and one of its biggest importers. And its oil is medium-cost, more expensive to produce than the large fields in the Middle East but cheaper than frontier areas like the Arctic.

  • CHICAGO, March 23- Archer Daniels Midland Co has filed a lawsuit against Canadian Pacific over service disruptions in 2013 and 2014 at crop-processing plants in North Dakota and Minnesota, alleging they stemmed partly from cost-cutting and the Canadian railroad's pursuit of merger partners. Chicago- based ADM, one of the world's largest grain traders and...

  • CHICAGO, March 23- Archer Daniels Midland Co has filed a lawsuit against Canadian Pacific over service disruptions in 2013 and 2014 at crop-processing plants in North Dakota and Minnesota, alleging they stemmed in part from cost-cutting and the Canadian railroad's pursuit of merger partners. Chicago- based ADM, one of the world's largest grain traders and...

  • CHICAGO, March 23- Archer Daniels Midland Co has filed a lawsuit against Canadian Pacific over service disruptions in 2013 and 2014 at crop-processing plants in North Dakota and Minnesota, alleging they stemmed in part from cost-cutting and the Canadian railroad's pursuit of merger partners.

  • HOUSTON/ NEW YORK, March 21- A dreaded scenario for U.S. oil bulls might just be becoming a reality. In key shale areas such as Eagle Ford or Wolfcamp and Bone Spring in Texas such backlog has fallen by as much as a third over the past six months, according to data compiled by Alex Beeker, a researcher at Wood Mackenzie. About 660 wells could be the equivalent of between...

  • NEW YORK, March 16- Last October, as U.S. oil prices seemed to be stabilizing around $45 a barrel, some bullish traders chuckled at the notion of U.S. shale firms racing to hedge production at what they thought was the bottom of a 19- month rout. That group locked in prices for nearly 38 million barrels of future production just before crude tumbled a further $15 a...

  • *Reports fourth-quarter loss of $7.05 per unit. The company, which operates in California, Wyoming and North Dakota shale fields, also said there was substantial doubt about its ability to continue as a "going concern" after it decided to skip interest payments due on Tuesday. Oil-focused Energy XXI Ltd, which has operations in South Louisiana and the Gulf of...

  • NEW YORK, March 13- Fifty-stage frack jobs. More than 2,000 pounds of proppant concentrate per foot. base so that when things improve we can hit it with all cylinders, "Pioneer COO, Tim Dove, said on a recent quarterly results call.

  • Boomtowns adjust to cheap oil

    CNBC's Brian Sullivan reports from Williston, North Dakota about the state of oil drilling there as oil prices stay low.

  • New oil order?

    This is a time action will speak louder than words, says Tom Petrie, Petrie Partners chair, discussing the collapse in crude prices, OPEC's production, and Iran's return to the oil market.

  • North Dakota feeling pinch from crude's collapse

    CNBC's Brian Sullivan reports on how the collapse in oil prices is impacting the epicenter of the domestic oil revolution in the U.S.

  • Roughly half of crude oil leaves the Bakken region by rail. This spring, construction is set to begin on a 1,100-mile pipeline for faster, cheaper transport.

    As oil prices have collapsed, drilling and overall business are down in Williston, a shale boomtown in North Dakota.

  • TAN Trucking company owner Ted Nelson talks to J&C Custom Trucking parts manager Gary Bliss about the challenge of running an oil field company during a slowdown in North Dakota.

    The shale revolution transformed North Dakota's economy. The question is what growth will look like on the other side of the oil price downturn.

  • Hess first announced plans in January to operate two drilling rigs in North Dakota this year, a drop from 2015 but still more than some peers. "A key risk we see now is maintaining the capability we have now to complete new wells, and we don't want to lose that," Gerbert Schoonman, head of North Dakota operations for Hess, said in an interview on the sidelines of the DUG...