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Energy Commodities Oil

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  • 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.

  • 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...

  • Brent was 20 cents lower at $50.30 a barrel by 0840 GMT, having gained 94 cents in the previous session. U.S. crude was just 5 cents lower at $46.20 a barrel, up from the day's low of $45.65, after settling up 84 cents on Wednesday. Olivier Jakob, managing director of PetroMatrix, said the market was quietening down after the extreme moves, with public holidays in the...

  • *Asian shares recover after Wall Street gains. SINGAPORE, Sept 3- Oil fell on Thursday on a surprise build in U.S. inventory levels and a firm dollar, but a recovery in Asian shares after Wall Street posted a near 2 percent gain checked losses. Asian investors were focused on the increase in U.S. crude inventories last week, but sentiment had been supported by the rally...

  • NEW YORK, Sept 3- With the benefit of hindsight, last quarter may have been the best chance for cash-strapped U.S. shale oil producers to ensure they would get at least $60 a barrel for the next year or two. According to a Reuters analysis of hedging disclosures by the 30 largest such firms, more than half of them did not expand their hedges during the three months ended...

  • SINGAPORE, Sept 3- Oil fell on Thursday on an unexpected build in U.S. crude stocks and a stronger dollar, but a recovery in Asian shares after Wall Street posted a near 2 percent gain overnight helped support prices. Asian investors were focused on the increase in U.S. crude inventories last week, but sentiment had been supported by the rally on Wall Street, said...

  • Brace for more oil-price weakness

    Alejandro Barbajosa, VP, Crude Middle East & Asia-Pacific at Argus Media, says crude oil prices will see further declines amid an oversupply in distillate stockpiles, which include diesel and heating oil.

  • South Korea will recover in H2 2015: Nomura

    Michael Na, Korea Strategist at Nomura, says the Middle East Respiratory Syndrome (MERS) outbreak is a "transitory issue" and the South Korean economy will recover in the second half of year.

  • SINGAPORE, Sept 3- Oil fell on Thursday on an unexpected build in U.S. crude stocks and a stronger dollar, but a recovery in Asian shares after Wall Street posted a near 2- percent gain overnight helped support prices. Asian investors were focused on the increase in U.S. crude inventories last week and questioned why supply had not filtered through to demand, said...

  • A Petrobras oil platform floats in the Atlantic Ocean near Guanabara Bay in Rio de Janeiro.

    Crude prices traded in a narrow range on Thursday as optimism over equity markets helped offset an increase in U.S. oil inventory levels.

  • Oil prices have hit bottom? This expert thinks so

    Barry Dawes, head of resources at Paradigm Securities, explains why crude oil prices may have reached the bottom.

  • SINGAPORE, Sept 3- U.S. crude futures dipped below $46 a barrel in early Asian trade on Thursday after a rise in U.S. crude stocks and a stronger dollar weighed on prices, although a rebound on Wall Street put a floor under prices. Public holidays in China and Hong Kong on Thursday are likely to keep markets subdued. *U.S. crude for October delivery fell 30 cents to $45.95...

  • CALGARY, Alberta, Sept 2- Tumbling crude prices have made building new pipelines more important than ever for Canadian oil and gas producers because the fate of some projects hinges on shipping costs, the head of the industry's main lobby group said on Wednesday. The industry hopes new projects giving them expanded access to U.S. and Asian markets, such as...

  • Commodities tomorrow: Crude comeback

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • A pump jack and surface water at oil well and fracking site in Shafter.

    Following the story on oil, Alan Knuckman, Bulls Eye Options, discusses the action of oil as it settled higher after a steep decline.

  • CRUDE FUTURES EXTEND GAINS TO MORE THAN $1 IN POST-SETTLEMENT TRADE, BRENT ALSO UP MORE THAN $1.

  • Oil volatility skyrockets

    Pavel Molchanov, Raymond James, and Lloyd Byrne, Nomura, look at what's causing the extreme swings in the oil market.

  • NEW YORK, Sept 2- Oil prices turned higher on Wednesday in volatile trading as rallying equities on Wall Street pulled crude up from lows after futures sank on concerns about global oversupply. "Looks like risk-on trade with a rising tide lifting all boats," John Kilduff, partner at Again Capital LLC in New York, said. Brent October crude was up 14 cents at $49.70 a...

  • NEW YORK, Sept 2- Brent and U.S. crude futures turned higher on Wednesday in volatile trading, lifted as U.S. equities markets rallied more than 1 percent. Brent October crude was up 17 cents at $49.73 a barrel at 1:33 p.m. EDT, having swung from $47.74 to $50.79. October crude CLc1 was up 30 cents at $45.71, having traded from $43.21 to $46.32.