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  • The Week Ahead

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

  • NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar, but finished a fifth straight week lower as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures settled up 32 cents, or 0.7 percent, to $45.54 a barrel. "The higher rig count this week reflects decisions made a couple of months ago when oil...

  • Jackie DeAngelis commodity hit

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

  • *Energy, housing stocks help lift Wall Street. NEW YORK, June 23- World stocks advanced on Friday and were on track to end the week with a slight gain as a drop in the dollar helped boost slumping oil prices. U.S. crude rose 0.58 percent to $42.99 per barrel and Brent was last at $45.50, up 0.62 percent on the day.

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 15 cents, or 0.3 percent, at $45.37 a barrel by...

  • US oil rig counts up 11 at 758 vs. week ago

    CNBC's Jackie DeAngelis reports that the number of oil rigs in the U.S. has risen for the 23rd straight week.

  • NEW YORK, June 23- Oil futures climbed almost 1 percent on Friday on lift from a falling dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 40 cents, or 0.9 percent at $45.62 a barrel by 11:52 a.m. EDT, pushing the front-month out of...

  • *Energy, housing stocks help lift Wall Street. NEW YORK, June 23- World stocks advanced on Friday and were poised for a modest gain to end the week as a drop in the dollar helped boost sagging oil prices. U.S. crude rose 0.84 percent to $43.10 per barrel and Brent was last at $45.64, up 0.93 percent on the day.

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. LONDON, June 23- Oil traded flat on Friday, hovering near a 10- month low in U.S. prices hit earlier this week, and remained on course for its biggest first-half decline in almost two decades as production cuts have failed to reduce oversupply. Brent crude futures were down 8 cents at $45.14 a barrel at 1337 GMT.

  • Crude oil sprays from a well bucket.

    Oil prices fell sharply this week on concerns about global oversupply, but now might be the time to buy the commodity.

  • *Many U.S. shale drillers profitable at $40/ bl- Cenkos. Brent crude futures were up 14 cents at $45.36 a barrel at 1138 GMT. Bearish factors like higher output in Libya or Nigeria result in lower oil prices but bullish factors, like the really high OPEC commitment, are ignored, "said Frank Schallenberger, head of commodity research at LBBW in Stuttgart.

  • June 23- U.S. stock index futures were little changed on Friday as oil prices edged up and ahead of economic data and speeches by Federal Reserve policymakers. *Wall Street ended flat on Thursday, but healthcare stocks rallied as Senate Republicans unveiled legislation that would replace Obamacare with a plan that scales back aid to the poor and kills a tax on the...

  • We’re a buyer of oil at this price, says Credit Suisse strategist

    Nannette Hechler-Fayd'herbe, global head of investment strategy & research at Credit Suisse, gives her view on the state of oil, how to trade it and where it could be heading.

  • *Many U.S. shale drillers profitable at $40/ bl- Cenkos. Brent crude futures were up 28 cents at $45.50 a barrel at 0830 GMT. Bearish factors like higher output in Libya or Nigeria result in lower oil prices but bullish factors, like the really high OPEC commitment, are ignored, "said Frank Schallenberger, head of commodity research at LBBW in Stuttgart.

  • Forget about China, oil is the real worry: HSBC

    David Bloom, global head of foreign exchange strategy at HSBC, explains why the price volatility in oil is really worrying investors this week, with comment on currencies.

  • *Japan oil demand is in structural decline. *China, India and Japan make up 20 pct of world oil demand. A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the world's top four oil buyers.