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  • Aug 5- Continental Resources Inc, the second-largest oil producer in North Dakota's Bakken shale formation, posted a better-than-expected quarterly profit on Wednesday as the company slashed costs to offset plunging crude prices. In a bold bet on oil prices and the ability to keep costs low, Chief Executive Harold Hamm boosted Continental's 2015 production...

  • Commodities tomorrow: Traders look to $42 Wednesday, 5 Aug 2015 | 4:00 PM ET
    Commodities tomorrow: Traders look to $42

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

  • Next stop for oil Wednesday, 5 Aug 2015 | 2:31 PM ET
    Next stop for oil

    CNBC's Jackie DeAngelis reports Brent closed below $50.

  • "The resulting lower refining margins will decrease the incentive for crude oil processing, leading eventually to a renewed rise in crude oil stocks from an already lofty level," Carsten Fritsch, senior commodity analyst at Frankfurt- based Commerzbank AG, told the Reuters Global Oil Forum. U.S. crude futures were down 65 cents, or 1.4 percent, at $45.09 a barrel by...

  • Oil retreats into the close Wednesday, 5 Aug 2015 | 2:01 PM ET
    Oil retreats into the close

    CNBC's Jackie DeAngelis reports the factors taking oil lower.

  • NEW YORK, Aug 5- U.S. crude futures hit 4-1/ 2 month lows on Wednesday as the market fretted about a surge in gasoline stockpiles as the summer season, which is the country's biggest demand period for motor fuels, neared its end. Ignoring a bigger-than-expected weekly drawdown in U.S. crude stockpiles announced by the Energy Information Administration, traders and...

  • LONDON, Aug 5- Oil prices edged up on Wednesday, after weekly data showed a fall in U.S. crude inventories that was nearly four times larger than expected, but the decline was not enough to trigger a more significant rally. Growing oversupply, slowing demand from China and the prospect of crude flooding onto the market from Iran after Tehran's deal with the West over...

  • Factors to watch in crude oil Wednesday, 5 Aug 2015 | 10:31 AM ET
    Factors to watch in crude oil

    The Energy Information Administration out with its weekly petroleum status report. CNBC's Jackie DeAngelis reports on the latest data from crude oil and gasoline inventories.

  • Play offense on energy... export oil: SO CEO Wednesday, 5 Aug 2015 | 7:08 AM ET
    Play offense on energy... export oil: SO CEO

    We have made a huge shift away from coal and have gone to natural gas. We're also expanding in nuclear and solar energy, says Thomas Fanning, Southern Company CEO, discussing the company's clean power plan.

  • LONDON, Aug 5- Oil prices edged up for a second day on Wednesday, recovering from a drop below $50 a barrel, after weekly data showed a fall in U.S. crude inventories, while a stronger dollar tempered gains. Growing oversupply, slowing demand from China and the prospect of crude flooding onto the market from Iran after Tehran's deal with the West over its nuclear...

  • LONDON, Aug 5- Oil prices rose for a second day on Wednesday, recovering from a drop below $50 a barrel after weekly data showed a fall in U.S. crude stocks, although a stronger dollar tempered gains. Growing oversupply, slowing demand from China and the prospect of crude flooding onto the market from Iran after Tehran's deal with the West over its nuclear program...

  • SINGAPORE, Aug 5- Benchmark Brent crude oil prices rose above a key support level of $50 on Wednesday, up for a second session from multi-month lows, as investors await U.S. oil inventories data to gauge supply. "The market is still digesting news of Iran coming back with more supply," Ben Le Brun, a markets analyst at OptionsXpress in Sydney said. September Brent crude...

  • HOUSTON, Aug 5- As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year- a speculative slide below $50 a barrel followed by a quick recovery. Some are now reconsidering that view, as long-term oil prices take the lead in the market's latest dive, swaying...

  • SINGAPORE, Aug 5- Benchmark Brent crude oil prices rose above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. "The market is still digesting news of Iran coming back with more supply," Ben Le Brun, a markets analyst at OptionsXpress in Sydney said. September Brent crude rose 35...

  • Brent inches up above $50 ahead of US oil stocks data Tuesday, 4 Aug 2015 | 10:05 PM ET

    SINGAPORE, Aug 5- Benchmark Brent crude oil prices inched up just above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. "The market is still digesting news of Iran coming back with more supply," Ben Le Brun, a markets analyst at OptionsXpress in Sydney said. September Brent crude...

  • Oil ends at multimonth lows on gas inventory worry Wednesday, 5 Aug 2015 | 2:36 PM ET
    Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    Oil prices fell to a fresh March low, ignoring a bigger-than-expected drawdown in crude stockpiles announced by the EIA.

  • *U.S. crude gained 14 cents to $45.88 a barrel as of 0000 GMT. *Brent also rose 14 cents to $50.13 a barrel after previously settling up 47 cents, or 1 percent, at $49.99 a barrel. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 504,000 barrels, the American Petroleum Institute said.

  • NEW YORK, Aug 4- Global crude prices rose from multi-month lows on Tuesday, helped by a stock market rally in No. 2 oil consumer China, but abundant supply and a weak demand outlook make crude's rebound unlikely to hold, traders and analysts said. Brent, the world benchmark for oil, and U.S. crude settled up for the first time in four sessions, a day after Monday's 5 percent...

  • Commodities tomorrow: Crude pops Tuesday, 4 Aug 2015 | 4:00 PM ET
    Commodities tomorrow: Crude pops

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

  • Retail investors try to pick oil bottom and fail Tuesday, 4 Aug 2015 | 4:17 PM ET
    Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    Retail investors appear to have doubled down on oil as prices for the commodity approach a six-year low.