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Energy Commodities Oil

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  • "There's been a little bit of up and down and range-bound movement, which has all the hallmarks of a market marking time," said Ben Le Brun, market analyst at Sydney's OptionsXpress. Brent crude for October delivery fell 58 cents to $50.10 a barrel as of 0519 GMT, after ending the previous session 18 cents higher. U.S. crude for October delivery, also known as West Texas...

  • "There's been a little bit of up and down and range-bound movement, which has all the hallmarks of a market marking time," said Ben Le Brun, market analyst at Sydney's OptionsXpress. Brent crude for October delivery fell 22 cents to $50.46 a barrel as of 0357 GMT, after ending the previous session 18 cents higher. U.S. crude for October delivery, also known as West Texas...

  • "There's been a little bit of up and down and range-bound movement which has all the hallmarks of a market marking time," said Ben Le Brun, market analyst at Sydney's OptionsXpress. Brent crude for October delivery fell 21 cents to $50.47 a barrel as of 0156 GMT, after ending the previous session 18 cents higher. U.S. crude for October delivery was down 20 cents at...

  • *U.S. crude for October delivery was up 3 cents at $46.78 barrel by 0012 GMT, after settling 50 cents higher in the previous session. *Iran's Supreme Leader, President Hassan Rouhani said he favours a parliamentary vote on its nuclear deal with world powers and called for sanctions against Tehran to be lifted completely rather than suspended, state television...

  • *Brent up 18 cents after wild ride; U.S. crude rises 50 cents. NEW YORK, Sept 3- Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in U.S. crude inventories that weighed on the outlook for oil. "Early strength and a late fade," Donald Morton, an oil trader with Fairfield, Connecticut-...

  • Low gas prices for holiday travel

    CNBC's Jackie DeAngelis reports on the lowest Labor day gas prices since 2004.

  • Oil spill closes part of the Mississippi River Thursday, 3 Sep 2015 | 12:00 AM ET
    A file photo of the Mississippi River and St. Louis, Missouri.

    Part of the Mississippi River has been closed as crews investigate and clean up an oil spill caused by the collision of two tow boats.

  • Despite data on Wednesday showing a huge build in U.S. crude inventories, oil rallied early in New York trade as investors regained their appetite for risk due to a respite in bad news out of China and the potential for more European monetary easing. "Early strength and now a late fade," Donald Morton, an oil trader with Fairfield, Connecticut- based Herbert J. Sims& Co.,...

  • BRENT CRUDE FUTURES TURN LOWER AS U.S.

  • NEW YORK, Sept 3- Crude futures rose for a second straight session on Thursday on the strength of equity markets as a respite in bad news out of China and the potential for more European monetary easing added to risk taking in oil. U.S. crude's front-month showed a gain of $1.10 at $47.35, versus a session high above $48. "You can call it a risk on day," said Tariq Zahir, a...

  • EIA: US weekly nat gas storage builds

    CNBC's Jackie DeAngelis reports natural gas inventories.

  • *U.S. payroll data, Baker Hughes rig counts due Friday. Brent was up $1.50 at $52 a barrel by 1421 GMT, after rising 94 cents in the previous session. U.S. crude rose $1.70 to $47.95 a barrel, up from the day's low of $45.65 and after settling 84 cents higher on Wednesday.

  • Crude shrugs off strong dollar, moves higher

    CNBC's Jackie DeAngelis reports oil prices are moving higher as natural gas trades at the low end of the range.

  • LONDON, Sept 3- U.S. crude oil stocks are set to rise in the next few months as the summer driving season ends and refineries enter the autumn turnaround season, according to many analysts and traders. Rising stocks will emphasise continuing oversupply in the oil market and are expected to put renewed downward pressure on crude oil prices before the end of the year.

  • Projecting ‘very low’ inflation: Draghi

    ECB President Mario Draghi says based on current inflation forecasts and oil price projections, he expects inflation to stay very low in the near term.

  • ECB should ignore oil price shocks: German ‘wise man’

    Volker Wieland, a member of the German Council of Economic Experts, colloquially known as one of the country’s ‘wise men,’ suggests it would be foolish if the ECB reacted to headline inflation as a result of low oil prices.

  • What’s best for Europe: Weak euro or low oil?

    Gilles Moec, head of developed European economist at Bank of America Merrill Lynch, outlines deflationary concerns still plaguing the euro zone.

  • Crude oil refinery

    The spread between the cost of crude and the average cost of gasoline means more money for refiners and distributors.

  • Brent slipped 15 cents to $50.35 a barrel by 1126 GMT, having gained 94 cents in the previous session. U.S. crude fell 2 cents to $46.23 a barrel, up from the day's low of $45.65 and after settling 84 cents higher on Wednesday. Olivier Jakob, managing director of PetroMatrix, said the market was quietening down after extreme moves, with holidays in the two largest oil...

  • BEIJING, Sept 3- Venezuelan President Nicolas Maduro said on Thursday he would talk to Russian President Vladimir Putin about what could be done to stabilize world oil markets and prices. Maduro made the comments as the two men, both leaders of major oil producing countries, began talks in Beijing, after attending a military parade to mark 70 years since the end of...