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Energy Commodities Oil

  • *Canadian dollar settles at C $1.3114, or 76.25 U.S. cents. Canada sends 75 percent of its exports to the United States and could suffer badly if U.S. "We're in consolidation mode right now, waiting for either more policy announcements out of Trump, waiting for more central bank announcements," said Blake Jespersen, a managing director for foreign exchange sales at...

  • Oil field workers on a rig in Tioga, North Dakota.

    Nimble drillers with an established presence in core basins benefit most from the oil price recovery, analysts say.

  • *OPEC/ non- OPEC show 86 pct compliance with cuts in Jan- sources. NEW YORK, Feb 23- Oil prices rose on Thursday but gains were pared after U.S. government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine OPEC's move to cut output. OPEC and producers including Russia aim to cut production by around 1.8 million barrels...

  • NEW YORK, Feb 23- Stock prices climbed to record highs worldwide for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments from U.S. Treasury and euro zone government bond yields declined as European Central Bank policymakers also signalled they were not getting carried away by signs the euro...

  • US exporting 1.2M of barrels a day: Ion Energy Group

    Is the market too bullish? Kyle Cooper, Ion Energy Group consultants, discusses the next stop for oil.

  • A worker on a Chesapeake Energy natural gas rig in Fort Worth, Texas

    Shares in U.S. natural gas producer Chesapeake Energy fell on Thursday after posting a smaller fourth-quarter loss than a year earlier.

  • Keystone XL pipeline sections in Little Rock, AK. The pipes were manufactured by Welspun in Arkansas. The steel, however, was sourced from various countries.

    President Donald Trump on Thursday said the companies behind two hotly contested oil pipelines must use U.S. steel in their projects.

  • NEW YORK, Feb 23- Oil prices rose but gains were pared Thursday after U.S. government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine OPEC's move to cut output. OPEC and producers including Russia aim to cut production by around 1.8 million barrels per day to drain an oversupply that has kept prices depressed for...

  • NEW YORK, Feb 23- U.S. crude oil stockpiles rose last week for a seventh straight week but less than forecast, while gasoline inventories fell far more than expected as refineries cut output, the Energy Information Administration said on Thursday. By 11:30 a.m. EST or half an hour after the report, however, U.S. crude futures pared gains to 1.5 percent at $54.40 a...

  • NEW YORK, Feb 23- Global stock prices posted record highs for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments by U.S. Treasury Secretary Steven Mnuchin about pursuing significant tax reform. This outlook for policy accommodation lifted gold prices to a three-month high near $1,250 an...

  • TORONTO, Feb 23- Canada's main stock index rose on Thursday as energy company stocks were boosted by gains in oil prices, while higher prices for bullion lifted shares of gold miners. The energy group climbed 1.3 percent, as oil prices rose more than $1 a barrel after U.S. data showed a surprise decline in inventories, suggesting a global glut may be ending after...

  • LONDON, Feb 23- Oil prices rose more than $1 a barrel on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. OPEC and producers including Russia aim to cut production by around 1.8 million barrels per day to drain an oversupply that has kept prices depressed for more...

  • *Canadian dollar at C $1.3100, or 76.34 U.S. cents. TORONTO, Feb 23- The Canadian dollar strengthened against its U.S. counterpart on Thursday as prices of oil, one of Canada's major exports, climbed and the greenback retreated against a basket of major currencies. Canada sends 75 percent of its exports to the United States and could suffer badly if U.S.

  • ISTANBUL, Feb 23- Iran said on Thursday an increase in oil prices to more than $55 per barrel was not in the interest of OPEC as it would lead to a rise in output by non- OPEC producers, the semi-official Fars news agency reported. "If oil prices specifically surge over $55 or $60 per barrel, non- OPEC producers will increase their crude production to benefit the most from...

  • The Aramco oil refinery in Dahran, Saudi Arabia.

    Aramco IPO might set a precedent for listing oil assets managed by state enterprises.

  • LONDON, Feb 23- Oil prices rose more than $1 a barrel on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. OPEC and producers including Russia aim to cut production by around 1.8 million barrels per day to drain an oversupply that has kept prices depressed for more...

  • Want for ECB to be less accomodative than it is: Bundesbank president

    Bundesbank President Jens Weidmann discusses pricing pressures in Germany and the European Central Bank's quantitative easing policy.

  • LONDON, Feb 23- Oil prices rose on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. OPEC and producers including Russia aim to reduce production by around 1.8 million barrels per day in an attempt to drain an oversupply that has kept prices depressed for more than...

  • U.S. oil major Exxon Mobil Corp made the revision due to low oil prices throughout 2016, a company filing showed.

  • LONDON, Feb 23- Oil prices rose on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. OPEC and producers including Russia aim to reduce production by around 1.8 million barrels per day in an attempt to drain an oversupply that has kept prices depressed for more than...