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  • SINGAPORE, May 24- Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had declined 42 cents to $47.93 a barrel by 0643 GMT, after closing down 37 cents in the previous session. U.S. crude futures dropped 32 cents to $47.76 a barrel, having settled down 33...

  • SINGAPORE, May 24- Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had declined 14 cents to $48.21 a barrel by 0307 GMT, after closing down 37 cents in the previous session. U.S. crude futures dropped 8 cents to $48.00 a barrel, having settled down 33...

  • U.S. crude futures edged down 4 cents to $48.04 a barrel by 0016 GMT, having settled down 33 cents in the previous session. Brent futures dipped 4 cents to $48.31 after closing down 37 cents in the previous session, with both contracts finishing with modest losses for a fourth straight session. The American Petroleum Institute is due to release its inventory data...

  • NEW YORK, May 23- Oil prices eased again on Monday after Iran vowed to ramp up output and as the number of rigs drilling for crude in the United States held steady after declining for eight straight weeks. Oil has traded in a $5 range below $50 a barrel for the past month, buoyed by supply disruptions from Canada to Venezuela and Nigeria. "We are still not seeing any...

  • *Brent to average $45/ barrel this year, WTI $45- Goldman. NEW YORK, May 23- Oil prices eased again on Monday after Iran vowed to ramp up output and as the number of rigs drilling for crude in the United States held steady after declining for eight straight weeks. Oil has traded in a $5 range below $50 a barrel for the past month, with prices buoyed by supply disruptions from...

  • Former Chairman and Chief Executive Officer of Magnum Hunter Resources Corporation, Gary C. Evans, poses for a portrait at the company's new headquarters in Irving, Texas.

    A wave of U.S. energy bankruptcies are creating opportunities to pick up assets, former Magnum Hunter Resources CEO Gary Evans said.

  • *Iran says it has no plan to freeze oil output, exports. *Brent to average $45/ barrel this year, WTI $45- Goldman. NEW YORK, May 23- Oil prices slid early on Monday as Iran vowed to ramp up output and rig reductions paused in the United States, then crude futures pared losses on data showing a stockpile drawdown at the U.S. delivery hub.

  • France faces fuel shortages amid labor reform protests

    The country is dealing with fuel shortages at gas stations across the country as protests disrupt supply.

  • May 23- Oil prices pared losses on Monday morning after market intelligence firm Genscape reported a drawdown of nearly 1 million barrels at the Cushing, Oklahoma delivery point for U.S. crude futures in the week to May 20, traders said. U.S. crude' West Texas Intermediate futures were down 33 cents at $48.08 a barrel by 10:12 a.m. EDT, after sliding to $47.40...

  • Will the Fed raise rates?

    David Kelly, Chief Global Strategist, J.P. Morgan Funds and CNBC’s Mike Santoli share their thoughts about what would happen if the Fed raised rates.

  • Pipelines run toward oil storage tanks in Cushing, Oklahoma,

    While the oil markets remain volatile, there are a handful of stocks in the sector that are the best bets right now, says Andy Lipow.

  • Supply outages and growing demand from China mean crude prices will come into “much better balance” in the next few months, an analyst told CNBC.

  • *Iran has no plan to freeze oil output, exports- deputy min. *Brent to average $45/ barrel this year, up from $39- Goldman. LONDON, May 23- Brent crude prices fell for a fourth consecutive session on Monday as investor focus returned to global supply, with Iran insisting on a rise in oil exports and U.S. drillers slowing the reduction in rigs.

  • Energy Hunter CEO doubles down on oil venture

    Gary Evans, Energy Hunter Resources CEO, discusses his new venture in the oil space by using new technology to maximize returns.

  • May 23- U.S. stock index futures were slightly lower on Monday as oil prices fell and investors awaited speeches by Federal Reserve officials this week for clues on the timing of the next rate increase. *Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output, returning investor attention to a global...

  • A woman fills her vehicle with gas at a U-Gas station in Miami.

    The average price of gasoline has jumped by a nickel over the past two weeks to $2.32 a gallon for regular grade.

  • A motorist fills his vehicle with gas in Miami, Florida.

    According to the latest Lundberg Survey, the average price of unleaded gasoline is up five cents in the past two weeks, reports CNBC's Landon Dowdy.

  • *Brent to average $45/ barrel this year, up from $39- Goldman. LONDON, May 23- Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output, returning investor attention to a global glut. Iran's Deputy Oil Minister Rokneddin Javadi told Iran's Mehr news agency on Sunday his country had no plan to halt a rise in oil...

  • Where is the oil prices headed?

    Jason Gammel, equities analyst at Jefferies, discusses the factors affecting shale gas and oil prices around the world.

  • *Brent to average $45 per bbl this year, up from $39- Goldman. Brent futures had dropped 57 cents to $48.15 a barrel by 0641 GMT, after ending the previous session 9 cents down. That came as U.S. crude rose 3.3 percent last week, while Brent was up 1.7 percent, as unplanned supply outages rose to the highest since at least 2011 due to wildfires in Canada and losses in Nigeria,...