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Energy Commodities Oil

  • "The fast ramp-up in shale drilling and the unexpectedly large rebound in Libya/ Nigeria production are on track to slow the 2017 stock draws," investment bank Goldman Sachs said. "This creates risks that the normalisation in inventories will not be achieved by the time the OPEC cut ends next March. We expect this will leave prices trading near $45 until there is...

  • *Value of OPEC output up 10 pct in 2017- Reuters figures. OPEC plus Russia and other non- OPEC producers agreed on May 25 to extend supply cuts to March, after an initial deal to keep them in place for the first half of 2017.. "I expect the gains for OPEC to be higher during the second semester 2017 due to a tight market in the third and fourth quarter, despite an oversupply...

  • *Asia crude futures market stagnates as U.S., Europe boom. SINGAPORE, June 29- Asia is dropping further behind the United States and Europe in financial oil trading despite being the world's biggest fuel-consuming region, exposing refiners from China to Singapore to the moods of speculators who often ignore market fundamentals. Exchange data shows crude...

  • "The fast ramp-up in shale drilling and the unexpectedly large rebound in Libya/ Nigeria production are on track to slow the 2017 stock draws," investment bank Goldman Sachs said. "This creates risks that the normalisation in inventories will not be achieved by the time the OPEC cut ends next March. We expect this will leave prices trading near $45 until there is...

  • SINGAPORE, June 29- Crude oil futures rose for a sixth consecutive session on Thursday, as a decline in U.S. production underpinned the market that has been under pressure from a global supply glut. West Texas Intermediate crude rose 7 cents, or 0.2 percent, to $44.81 per barrel by 0003 GMT, while the benchmark Brent futures gained 8 cents, or 0.2 percent, to $47.39 a...

  • An oil pump jack in the oil town of Gonzales, Texas.

    Crude oil futures rose for a sixth consecutive session on Thursday following a report that weekly U.S. production had declined.

  • SINGAPORE, June 29- Crude oil futures rose for a sixth consecutive session on Thursday, as a decline in U.S. production underpinned the market that has been under pressure from a global supply glut. West Texas Intermediate crude rose 7 cents, or 0.2 percent, to $44.81 per barrel by 0003 GMT, while the benchmark Brent futures gained 8 cents, or 0.2 percent, to $47.39 a...

  • An oil worker stands by a rig near Williston, North Dakota.

    Oil's recent rally is a "dead cat's bounce," noted commodities trader Dennis Gartman told CNBC on Wednesday.

  • Commodities tomorrow:

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

  • *Vitol expects crude at $40- $55 a barrel next few quarters. *OPEC in no rush to extend/increase supply cuts beyond March 2018. "The most interesting thing is crude oil production was down... which is a significant decline given the increases in previous weeks," Andrew Lipow, president of Lipow Oil Associates in Houston, said.

  • *Vitol expects crude at $40- $55 a barrel next few quarters. *OPEC in no rush to extend/increase supply cuts beyond March 2018. "The most interesting thing is crude oil production was down... which is a significant decline given the increases in previous weeks," Andrew Lipow, president of Lipow Oil Associates in Houston, said.

  • President Donald Trump holds up a signed executive order on implementing an America-first offshore energy strategy in the Roosevelt Room of the White House in Washington, D.C., U.S., on Friday, April 28, 2017.

    The Trump White House is casting "energy dominance" as a break with the Obama era, but little has changed in terms of energy export policy.

  • The Silver Cindy tanker sails out of the Citgo Refinery dock bound for Mexico with a load of gasoline at the Port of Corpus Christi in Corpus Christi, Texas, U.S., on Thursday, Jan. 7, 2016.

    Dennis Gartman, founder, editor and publisher of The Gartman Letter, discusses the precipitous drop in oil and whether it can get over $50 any time soon. What happens if it doesn't?

  • A gasoline anomaly

    CNBC's Jackie DeAngelis reports on what's next for gas after climbing higher from increasing inventories from the commodities desk.

  • Everyone's trying to buy the bottom in oil: Pete Najarian

    The “Fast Money Halftime Report” traders discuss the energy and oil stocks that are on track for worst first half of the year.

  • Oil prices rise 1% as data shows bigger-than-expected drop in US gas stockpiles

    Oil prices rose after government data showed U.S. gasoline stockpiles fell more than expected.

  • *Vitol expects crude at $40- $55 a barrel next few quarters. *OPEC in no rush to extend/increase supply cuts beyond March 2018. "Most interesting thing is crude oil production was down... which is a significant decline given the increases in previous weeks," Andrew Lipow, president of Lipow Oil Associates in Houston, said.

  • June 28- U.S. crude oil inventories edged up last week while gasoline stocks decreased, the Energy Information Administration said on Wednesday, providing a modest lift to oil prices that have been pressured by an ongoing supply glut. The current gasoline crack spread on the New York Mercantile Exchange, an indicator of refining margins, of $16.53 a barrel is $3...

  • A cyber attack wreaked havoc around the globe on Wednesday, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia.

  • Crude oil inventories rise by 118,000 barrels

    CNBC’s Jackie DeAngelis reports on the latest oil and gas inventories from the U.S. Energy Information Administration.