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Energy Commodities Oil

  • A satellite image taken August 29, 2016.

    A tropical depression has forced a reduction in oil production in the Gulf of Mexico by more than 10 percent.

  • OIL PRICES EXTEND LOSSES, BRENT CRUDE DOWN BY $1 AT $48.26 A BARREL.

  • NEW YORK, Aug 30- Oil prices fell for a second day in a row on Tuesday as the dollar rose on stronger U.S. economic data, but the downside was limited by production suspensions in the U.S. Brent crude futures were down 31 cents, or 0.6 percent, at $48.96 per barrel by 10:27 a.m. EDT. Gulf of Mexico have shut output equal to 168,334 barrels per day of oil and 190 million cubic...

  • *Gulf of Mexico producers shut in 0.17 mln bpd of oil. Gulf of Mexico have shut output equal to 168,334 barrels per day of oil and 190 million cubic feet per day of natural gas as a precaution against a tropical storm, the U.S. Bureau of Safety and Environmental Enforcement said on Monday. Oil prices have also been taking direction from speculation that a meeting next...

  • *Gulf of Mexico producers shut in 0.17 mln bpd of oil. Gulf of Mexico have shut output equal to 168,334 barrels per day of oil and 190 million cubic feet per day of natural gas as a precaution against a tropical storm, the U.S. Bureau of Safety and Environmental Enforcement said on Monday. Oil prices have also been taking direction from speculation that a meeting next...

  • *Gulf of Mexico producers shut in 0.17 mln bpd of oil. Brent crude futures were trading at $49.73 per barrel at 0924 GMT, up 47 cents from the previous close. Oil prices have also been taking direction from speculation that a meeting next month in Algeria of major producers including members of the Organization of the Petroleum Exporting Countries could yield a...

  • More cost compression to come for oil and gas sector: Vedanta Resources CEO

    The longer oil prices stay low, the greater the possibility of a price shock in the future, says Tom Albanese, CEO of Vedanta Resources.

  • *Doubts over success of OPEC talks in Sept. "There's a feeling that the OPEC production freeze talks might result in something positive, but it's just talk," said Robert Nunan, risk management director at Mitsubishi Corporation. Brent crude futures were trading at $49.28 per barrel at 0640 GMT, up 2 cents from their previous close.

  • *Doubts over success of successful OPEC talks in Sept. "There's a feeling that the OPEC production freeze talks might result in something positive, but it's just talk," said Robert Nunan, risk management director at Mitsubishi Corporation. Brent crude futures were trading at $49.38 per barrel at 0505 GMT, up 12 cents from their previous close.

  • Oil Prices

    There are unseasonable inventory builds in crude oil, while the oil market rally is being supported by OPEC rumors, says UBS' Wayne Gordon.

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices fell more than 1 percent on Tuesday as the dollar strengthened and investors braced for an expected weekly build in U.S. stockpiles.

  • "There's a feeling that the OPEC production freeze talks might result in something positive, but it's just talk," said Robert Nunan, risk management director at Mitsubishi Corporation. "Either way, despite some increases in Saudi Arabia and Iraq, OPEC production seems to be flattening with the outages in Libya, Nigeria and Venezuela, knocking out about some 3...

  • Stocks heading higher?

    Dennis Gartman, founder and editor of The Gartman Letter, shares his take on stocks, gold, oil and the dollar, and where he sees the markets heading.

  • Commodities tomorrow:

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets.

  • Pisani: Lot of cross-currents, but stocks holding up well

    CNBC's Bob Pisani looks at the day's market action, the including stocks that are up despite oil being down.

  • Oil workers on a rig platform in Colorado.

    Energy stocks with Colorado oil and gas exposure are rallying following news anti-frackers failed in a ballot effort.

  • Housing hits highs

    CNBC's Diana Olick looks at home prices, some of which have passed their previous peaks.

  • MEXICO CITY, Aug 29- Mexico's Finance Ministry on Monday said it had wrapped up what traders consider the world's biggest sovereign derivatives trade, guaranteeing an average price of $42 per barrel for crude oil exports in 2017.. Due to the government's dependence on oil income, Mexico hedges its crude every year and the deals are closely watched by the market...

  • Oil lower on supply concerns, strong dollar

    CNBC's Bertha Coombs reports on the oil market's close, live from the NYMEX.

  • Storms & the oil impact

    John Kilduff, Again Capital, looks at the impact a tropical storm could have on the oil markets.