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  • NEW YORK, July 22- Oil prices fell 2 percent on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows. More than ample inventories and upcoming refinery turnarounds and maintenance have the bulls on the defensive, "said Pete Donovan, broker at Liquidity...

  • OIL PRICES EXTEND LOSSES; U.S. CRUDE DOWN BY $1 A BARREL.

  • NEW YORK, July 22- Oil prices fell 2 percent on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows. More than ample inventories and upcoming refinery turnarounds and maintenance have the bulls on the defensive, "said Pete Donovan, broker at Liquidity...

  • RIG-OL-USA- BHI> Most of the new rigs were in the Permian shale basin in west Texas, where drillers added eight, bringing the total count up to a five-month high of 168. Since early June when U.S. crude prices settled over $50 a barrel, drillers have added 55 oil rigs. Analysts and producers said $50 was a key level that would prompt a return to the well pad after the...

  • RIG-OL-USA- BHI> Since early June when U.S. crude prices settled over $50 a barrel, drillers have added 55 oil rigs. Analysts and producers said $50 was a key level that would prompt a return to the well pad after the biggest price rout in a generation prompted a slump in the oil rig count since it peaked at 1,609 in October 2014. While U.S. crude futures have dropped back...

  • *Nigeria outage of 700,000 bpd offset by other supply growth. NEW YORK, July 22- Oil prices fell again on Friday, on track to a weekly loss, with Brent hitting two-month lows, as Iraqi crude exports looked likely to rise, adding to the global glut. If confirmed, it would put OPEC's No. 2 producer back on track of supply growth after a two-month lag.

  • NEW YORK, July 22- Oil prices were on track to a weekly loss, with Brent hitting two-month lows on Friday, weighed by potentially higher Iraqi crude exports and bearish U.S. inventory data from earlier in the week. If confirmed, it would put OPEC's second-largest producer back on track of supply growth after two months of output declines. "These large and increasing...

  • Texas delegates cheer at the GOP convention in Cleveland on July 19, 2016.

    The Republicans' pledge to support the U.S. shale oil and gas industry would likely bolster U.S. drillers, Daniel Yergin said.

  • LONDON, July 22- Crude futures remained on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • Crude hits 2-month low

    CNBC's Bertha Coombs looks at early moves in energy markets.

  • July 22- Schlumberger Ltd, the world's No. 1 oilfield services provider, said it expects a "significant global supply deficit" of crude oil, assuming steady growth in demand, given the sharp decline in spending on exploration and production. Energy companies have halved their E&P budgets since oil prices began their slump in June 2014, scaling back drilling to...

  • July 22- Schlumberger Ltd, the world's No. 1 oilfield services provider, said it expects a "significant global supply deficit" of crude oil, assuming steady growth in demand, given the sharp decline in spending on exploration and production. Energy companies have halved their E&P budgets since oil prices began their slump in June 2014, scaling back drilling to...

  • July 22- Schlumberger Ltd, the world's No. 1 oilfield services provider, said it expects a "significant global supply deficit" of crude oil, assuming steady growth in demand, given the sharp decline in spending on exploration and production. Energy companies have halved their E&P budgets since oil prices began their slump in June 2014, scaling back drilling to...

  • Oil prices slide on global glut

    Dan Yergin, IHS Markit vice chairman, provides his outlook on oil.

  • LONDON, July 22- Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • LONDON, July 22- Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • SINGAPORE, July 22- Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. The inroads into global stockpiles of oil are not as great as anticipated, "said Ric Spooner, chief market analyst at Sydney's CMC Markets.

  • SINGAPORE, July 22- Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. The inroads into global stockpiles of oil are not as great as anticipated, "said Ric Spooner, chief market analyst at Sydney's CMC Markets.

  • West Texas Intermediate crude was up 6 cents at $44.81 a barrel at 0209 GMT. Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply growth from OPEC's second-largest producer back on track after two months of declines. Iraq in 2015 provided OPEC's biggest rise in supply.

  • A pump jack and pipes at an oil field near Bakersfield, California.

    Oil prices were on track to a weekly loss as potentially higher Iraqi crude exports and bearish U.S. inventory data weighed on the market.