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  • Oil prices could double this year: Strategist Friday, 22 Jan 2016 | 10:30 AM ET
    Oil prices could double this year: Strategist

    Bart Melek of TD Securities explains why a deep correction and sharp recovery could lead to oil prices doubling this year.

  • Schlumberger addresses oil market challenges Friday, 22 Jan 2016 | 10:24 AM ET
    Schlumberger addresses oil market challenges

    Oil field services firm Schlumberger says it expects positive movements in oil prices, maintains dividend, announces $10 billion buyback. CNBC's Morgan Brennan reports.

  • OPEC still plays key role: UAE energy min Friday, 22 Jan 2016 | 10:00 AM ET
    OPEC still plays key role: UAE energy min

    UAE’s energy minister, Suhail Mohamed Faraj Al Mazrouei says there’s an oversupply in the oil market, adding that the current price in the commodity is unsustainable.

  • *Schlumberger up after results, $10 bln buyback. Jan 22- U.S. stocks indexes were up about 1.5 percent in early trading on Friday as a cold wave in the United States and Europe helped oil prices surge for a second day. European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy in its meeting in March...

  • SAO PAULO, Jan 22- Latin American currencies rallied on Friday as a rebound in oil prices and bets on new economic stimulus in the euro zone rekindled global risk appetite. A cold snap across the United States and Europe raised expectations of more demand for heating oil, lifting crude prices from 12- year lows. Comments by European Central Bank President Mario...

  • CRUDE FUTURES EXTEND GAINS, UP OVER $2 A BARREL TO $31.56 ON SHORT COVERING- TRADERS.

  • Jan 22- U.S. stock indexes looked set to open higher on Friday as oil prices surged for a second day, helped by a cold wave sweeping across the United States and Europe. European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy in its meeting in March also encouraged investors.

  • Real trouble in Russia: Browder Friday, 22 Jan 2016 | 8:06 AM ET
    Real trouble in Russia: Browder

    William Browder, Hermitage Capital CEO, discusses how the plunge in oil prices and sanctions are raising alarm bells in Russia.

  • Schlumberger sees unexpected cancellations Friday, 22 Jan 2016 | 7:00 AM ET
    Schlumberger sees unexpected cancellations

    The world's largest oilfield services company is receiving 'unscheduled and abrupt activity cancellations' from customers.

  • Will the election make oil credit crisis worse? Friday, 22 Jan 2016 | 7:00 AM ET
    Donald Trump and Hillary Clinton

    The election is likely to exacerbate the credit crunch hitting the oil industry, says oil consultant Mark Harrington.

  • *U.S. East Coast, continental Europe gripped by icy weather. LONDON, Jan 22- Oil rose by more than 6 percent on Friday, as a cold snap boosted demand for heating oil across the United States and Europe, but was still mired near its lowest since 2003 and set for its largest drop in January in at least 25 years. Brent was up $1.92 at $31.17 a barrel by 1200 GMT, off this week's...

  • *Cuts Brent, WTI price forecast to $33/ bbl in 2016. LONDON, Jan 22- Moody's has placed 175 oil, gas and mining companies on review for a downgrade due to a prolonged rout in global commodities prices that it says could remain depressed for some time. It said it was likely to conclude the review by the end of the first quarter which could include multiple-notch...

  • 'Interesting' time for the markets: Scott Minerd Friday, 22 Jan 2016 | 7:04 AM ET
    'Interesting' time for the markets: Scott Minerd

    Is the market comeback a 'dead cat bounce'?Scott Minerd, Guggenheim Partners, shares his outlook on the markets amid concerns over China growth and lowering oil prices.

  • The 3 Cs of global weakness: Gary Parr Friday, 22 Jan 2016 | 6:05 AM ET
    The 3 Cs of global weakness: Gary Parr

    Gary Parr, Lazard vice chairman, shares his outlook on commodities and explains why he is still "optimistic" about China and weighs in weakness in the currency market.

  • BENCHMARK BRENT CRUDE OIL FUTURES RISE $2 ON THE DAY TO $31.25/ BBL.

  • *Cuts Brent, WTI price forecast to $33/ bbl in 2016. LONDON, Jan 22- Moody's placed scores of oil and gas companies on review for downgrade, warning of a "substantial risk" for a slow recovery in oil prices that would compound the stress on firms already pummelled by a 75 percent drop in prices since June 2014. The ratings agency said on Friday it was likely to conclude the...

  • Oil rises above $30—but can it sustain gains? Friday, 22 Jan 2016 | 5:52 AM ET
    Oil rises above $30 but can it sustain gains?

    Edward Morse, Citi, shares his outlook on oil as cold weather sends crude prices higher but supply and demand concerns continue to plague the industry.

  • LONDON, Jan 22- Gold fell on Friday as hints of more monetary stimulus from the European Central Bank weighed on the euro and pushed European shares up 2.5 percent, denting appetite for alternative assets, while oil rebounded. Spot gold was down 0.5 percent at $1,096.20 an ounce at 1030 GMT, while U.S. gold futures for February delivery were down 60 cents an ounce at...

  • *U.S. East Coast, continental Europe gripped by icy weather. LONDON, Jan 22- Oil rose 5 percent on Friday to above $30 in its largest weekly rally in three months, as a cold front sweeping the United States and Europe as well as firmer financial markets gave traders reason to cash in on record short positions. Brent was up $1.58 at $30.83 a barrel by 0944 GMT, off this...

  • SINGAPORE, Jan 22- Rating agency Moody's on Friday placed large parts of the global oil and gas sector on review for a downgrade, as a crash of more than 70 percent in oil prices over the last 18 months has pulled down energy company stocks as well. The reviews affect oil and gas companies across the world, including the United States and Canada, Latin America, the...