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  • MEXICO CITY, Feb 27- Mexican state-owned oil company Pemex on Monday reported a much smaller fourth-quarter loss, due in large part to higher crude prices. The loss narrowed to $1.58 billion from $9.8 billion a year earlier. Revenue at the company officially known as Petroleos Mexicanos rose more than 20 percent to $15.67 billion, according to a filing to the...

  • Futures Now: Crude oil rallies

    The Futures Now team discusses the rise in crude oil, and whether the sentiment is too bullish at his point.

  • *UAE and Iraq pledge to catch up with output cut targets. On its second to last day as the front-month contract, Brent futures for April delivery were up 16 cents, or 0.3 percent, at $56.15 a barrel by 11:24 a.m. EST. Money managers also raised their bullish U.S. crude futures and options positions in the week to Feb. 21 to the highest on record, the U.S. Commodity Futures...

  • *Canadian dollar at C $1.3088, or 76.41 U.S. cents. TORONTO, Feb 27- The Canadian dollar edged higher against its U.S. counterpart on Monday as oil prices rose, but gains for the loonie were restrained ahead of a Bank of Canada interest rate decision this week. The Bank of Canada is widely expected to hold interest rates at 0.50 percent on Wednesday.

  • *UAE and Iraq pledge to catch up with production cut targets. Brent crude oil rose 58 cents to $56.57 a barrel by 1433 GMT, while U.S. Money managers also raised their bullish U.S. crude futures and options positions in the week to Feb. 21 to the highest on record, the U.S. Commodity Futures Trading Commission said on Friday.

  • A gasoline pump nozzle refuels a sport utility vehicle in Bagdad, Kentucky.

    Average gasoline prices rose 2 cents nationally during the past two weeks.

  • NEW YORK, Feb 26- Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply. The switch may foreshadow the end of a global oil glut that built up during a two-year price war. On Friday, the Brent May contract price...

  • *UAE and Iraq pledge to catch up with production cut targets. Brent crude oil rose 52 cents to $56.51 a barrel by 1224 GMT, while U.S. Money managers also raised their bullish U.S. crude futures and options positions in the week to Feb. 21 to the highest on record, the U.S. Commodity Futures Trading Commission said on Friday.

  • *UAE and Iraq pledge to catch up with production cut targets. Brent crude oil rose 55 cents to $56.54 a barrel by 1053 GMT, while U.S. Money managers raised their bullish U.S. crude futures and options positions in the week to Feb. 21 to the highest on record, the U.S. Commodity Futures Trading Commission said on Friday.

  • SINGAPORE, Feb 27- Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. But the market has been supported within a tight $4 to $5 range since November, when the Organization of the Petroleum Exporting Countries and other producers agreed to cut...

  • SINGAPORE, Feb 27- Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. But the market has been supported within a tight $4 to $5 range since November, when the Organization of the Petroleum Exporting Countries and other producers agreed to cut...

  • A worker stands next to a pump jack at an oil field Sergeyevskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia.

    Money managers upped their bullish U.S. crude futures and options positions to the highest on record.

  • NEW YORK, Feb 26- Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply. The switch may foreshadow the end of a global oil glut that built up during a two-year price war. On Friday, the Brent May contract price...

  • Pumps draw petroleum from oil wells through the night

    The stock market may be signaling something is awry in the oil market.

  • NEW YORK, Feb 24- Major global stock markets lost ground on Friday as investors scaled back bets U.S. Oil futures fell, pressuring energy stocks after data showed U.S. crude inventories rose for a seventh week, signaling oversupply despite OPEC's efforts to rein in output. "The market will come to realize that a lot of these pro-growth policies might get pushed to...

  • The Week Ahead

    CNBC's Seema Mody looks ahead to what are likely to be next week's top business and financial stories.

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices fell about 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices slid nearly 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

  • US oil drillers add rigs for six straight week

    CNBC's Jackie DeAngelis reports the weekly rig count numbers.