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Oil rose to near $62 a barrel, supported by concerns over the escalating conflict with Islamic State militants in Libya.
TOKYO, Feb 16- U.S. crude futures rose for a third straight session, while Brent hit an eight-week high above $62 a barrel after another drop in the U.S. rig count signaled the pressure producers face from low oil prices. *NYMEX crude for March delivery was up 43 cents at $53.21 a barrel by 2353 GMT, after settling up $1.57 on Friday. *London Brent crude for April delivery...
CHICAGO, Feb 13- Craig Uden, who fattens cattle for beef on his Nebraska feedlot, expects to cut his energy costs by as much as a quarter this year because of falling oil prices- a silver lining in an otherwise tough rural economy. Midwest grains belt, oil's recent drop could save farmers more than $1.1 billion in 2015, cutting $8 from the roughly $600- per-acre...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Rig counts declined and Europe appears to be getting stronger. Nat gas and gold were up on the day, as well.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories.
One Texas-based CEO explained Friday how very cheap oil could hurt people.
Wall Street believes many oil stocks will emerge from their funk this year, according to a report from Birinyi Associates.
Some companies have a better chance than others at managing the fallout from plunging oil prices.
Ryan Holeywell, Energy Reporter, Houston Chronicle, discusses the real impact of low oil on Houston and the general mood in Texas.
Tilman Fertitta, Chairman & CEO, Landry's Restaurants, Inc., discusses savings from low gas prices and where that money is going. If oil heads to the low $30s, there could be a problem, he says.
Larry Oldham, Former President & CEO, Parallel Petroleum, discusses the impact of low oil prices on all segments of the Texas economy.
Two major factors——taxes and the ruble——are keeping Russian oil and gas producers insulated from tumultuous oil prices.
Brian Sullivan takes us on board the world's only offshore drilling rig open to the public: the Ocean Star Offshore Drilling Rig & Museum in Galveston, Texas.
U.S., BRENT CRUDE FUTURES PARE GAINS AFTER BAKER HUGHES RIG COUNT DATA.
Houston Mayor Annise Parker discusses the ups and downs of oil and the impact on the city of Houston with CNBC's Brian Sullivan.
*Brent up nearly 16 percent on the month. NEW YORK, Feb 13- Oil hit its highest level for the year on Friday with Brent crude rising above $60 a barrel, as eurozone economic growth exceeded expectations and market bulls priced in another drop in the U.S. oil rig count. Brent had collapsed from a high above $115 a barrel in June to a near six-year low under $46 in late...
The CEO of major oil giant Total told CNBC he was not convinced U.S. energy independence would happen any time soon.
The price of oil continued its bumpy ride higher on Friday, with analysts feeling more confident that the commodity is set to climb.
LONDON, Feb 13- Oil rose above $60 a barrel on Friday for the first time this year, bringing gains this week to 4 percent, supported by signs that deeper industry spending cuts may curb excess supply. The price of Brent crude collapsed from $115 in June to $45.19, the lowest in almost six years, in January due to oversupply. Brent for April delivery was up $1.12 at $60.40...
Todd Horwitz, author and founder of AverageJoeOptions.com, discusses his thoughts on U.S. markets, with comments on Greece, technology and oil.