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Energy Commodities Oil

  • SINGAPORE, April 21- Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC- led production cut was having the desired effect of restoring balance to a market that has been dogged by oversupply for more than two years. Brent crude futures were at $53.07 per barrel at 0113 GMT, up 8 cents from their last close. The market is taking note:...

  • SINGAPORE, April 21- Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC- led production cut was having the desired effect of restoring balance to a market that has been dogged by oversupply for more than two years. Brent crude futures were at $53.07 per barrel at 0113 GMT, up 8 cents from their last close. The market is taking note:...

  • *Oil supplies remain plentiful despite OPEC- led cut. SINGAPORE/ LONDON, April 21- The jury is still out over whether an OPEC- led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled higher prices without making much of a dent in the global fuel supply overhang. Over two years into a 50 percent price slump, the...

  • Stocks ended the trading session higher on Thursday

    Positive company earnings and Treasury Secretary Steven Mnuchin's comments during a policy summit helped bring stocks higher on Thursday.

  • TORONTO/ OTTAWA, April 20- The Canadian dollar strengthened modestly against the greenback on Thursday, recovering from a nearly six-week low, though it was expected to remain on the ropes in the longer term as monetary policy in Canada and the United States diverge. U.S. crude oil futures ended down 17 cents at $50.27 a barrel, though Brent was up 6 cents to $52.99 a.

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled...

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices were mixed on Thursday in a seesaw trading session, as investors weighed rising U.S. production against comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled that the Organization of the Petroleum...

  • Futures Now: Crude's wild week

    The "Futures Now" team discusses the move in crude, and where the commodity may head from here.

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices were little changed on Thursday in a seesaw trading session, as investors weighed rising U.S. production against comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled that the Organization of the...

  • LONDON, April 20- Oil prices were largely flat on Thursday after steep losses the previous session, with rising U.S. production weighing against comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. "The U.S. market perhaps doesn't believe in the oil market balance that OPEC would have us believe," said Hans van Cleef, senior...

  • *Saudi Arabia, Kuwait signal likely cut extension. LONDON, April 20- Oil prices regained some ground on Thursday, after steep losses in the previous session, as leading Gulf oil producers signaled a likely extension of OPEC- led supply cuts beyond the middle of the year. OPEC members Saudi Arabia and Kuwait signaled that an effort by the Organization of the...

  • WTI crude hovers above $50, Brent over $53

    CNBC's Jackie DeAngelis reports on the rebound in oil prices as crude inches higher on signs of extended supply cuts.

  • *Saudi Arabia, Kuwait signal likely cut extension. LONDON, April 20- Oil prices regained some ground on Thursday, after steep losses in the previous session, as leading Gulf oil producers signalled a likely extension of OPEC- led supply cuts beyond the middle of the year. OPEC members Saudi Arabia and Kuwait signalled that an effort by the Organization of the...

  • ABU DHABI, April 20- Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non- OPEC producers to curb oil supplies. Asked about non- OPEC producer Russia, Falih replied: "We are talking to all countries. "We have a noticeable increase in compliance from non- OPEC, which shows...

  • CAIRO, April 20- Iraq may seek to be exempt from a deal between oil exporters to reduce global supply in order to support crude prices and ask to boost its own output, the leader of the nation's Shi'ite ruling coalition Ammar al-Hakim told Reuters. "Given these sensitive circumstances, it is the right of Iraq to hope for an exemption by the other OPEC member states and...

  • CAIRO, April 20- Iraq supports an extension of a deal between oil exporters to reduce global supply in order to support crude prices, the leader of the nation's Shi'ite ruling coalition Ammar al-Hakim told Reuters. "Given these sensitive circumstances, it is the right of Iraq to hope for an exemption by the other OPEC member states and have an opportunity to...

  • *Kuwait expects OPEC- led output cut to be extended beyond June. SINGAPORE, April 20- Oil prices regained some ground on Thursday after steep losses the previous day, as Kuwait said it expected an OPEC- led effort to cut supplies would be extended beyond the middle of the year. Traders said that the gains followed comments by OPEC- members Saudi Arabia and Kuwait that...

  • Want to see mid $60s oil price: UAE energy minister

    UAE Energy Minister Suhail al Mazroui speaks about the price of oil, telling CNBC that "we would like to see steady growth and a correction."

  • *Chinese demand, more crude deliveries to Asia trigger sales. *Crude oil shipments to Asia to hit record levels in April. SINGAPORE, April 20- Crude oil sales from storage tanks around Singapore rose to an 11- month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in...

  • SINGAPORE, April 20- Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a global supply overhang might slowly retreat. Brent crude futures were at $53.08 per barrel at 0430 GMT, up 15 cents, or 0.3 percent, from their last close. West Texas Intermediate crude futures were up...