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  • Oil at mid-to-low $30s by Christmas: Kilduff Thursday, 30 Jul 2015 | 6:41 AM ET
    Oil at mid-to-low $30s by Christmas: Kilduff

    John Kilduff, Again Capital Parnters, provides analysis on oil prices, China demand, production and the looming glut in diesel fuel.

  • UPDATE 5-Oil rises after U.S. crude stocks draw Thursday, 30 Jul 2015 | 6:36 AM ET

    *ABN AMRO cuts 2016 crude price forecasts. Benchmark Brent crude was up 80 cents a barrel at $54.18 by 1025 GMT, after settling 8 cents higher in the previous session. U.S. crude rose 30 cents to $49.09, after ending the previous session up 81 cents, or 1.7 percent.

  • Shell to cut jobs to cope with long period of cheap oil Thursday, 30 Jul 2015 | 2:52 AM ET

    LONDON— Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices. Brent crude, a benchmark for North Sea oil, averaged about $62 a barrel during the period, down from $110 in the second quarter of 2014.. Shell plans to bolster earnings through the $70 billion acquisition of...

  • "Prices are at unsustainable lows after an exaggerated selloff," said Carsten Fritsch, analyst at Commerzbank in Frankfurt. Benchmark Brent hit a low of $52.28 a barrel on Tuesday, its cheapest since Feb. 2 as an oversupply of crude and the rising dollar combined with worries over China, the world's biggest energy consumer. The Reuters survey forecast Brent would...

  • *ABN AMRO cuts 2016 crude price forecasts. Benchmark Brent crude oil was up 30 cents a barrel at $53.68 by 0805 GMT, after settling 8 cents higher in the previous session. "Oil is consolidating," said Carsten Fritsch, senior oil analyst at Commerzbank.

  • By Ron Bousso and Karolin Schaps. LONDON, July 30- Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts to deal with an extended period of lower oil prices which contributed to a 37 percent drop in the oil and gas group's second-quarter profits. The Anglo-Dutch company also said it was planning more asset disposals as it pushes ahead with its...

  • Expect 'pretty good results' from Shell: Pro Thursday, 30 Jul 2015 | 12:48 AM ET
    Expect 'pretty good results' from Shell: Pro

    Dan Scott, vice president, investment strategy & research at Credit Suisse, says Shell's downstream business will continue to insulate the company from the slide in its upstream business.

  • LONDON, July 30- Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices. The Anglo-Dutch oil and gas company also said it was planning more asset disposals alongside its proposed $70 billion acquisition of BG Group,...

  • Oil slips as rising dollar balances stocks draw Thursday, 30 Jul 2015 | 2:31 PM ET
    Workers from Select Energy Services at a Hess fracking site near Williston, N.D.

    U.S. oil prices steadied Thursday after a larger-than-expected draw in U.S. crude and gasoline stocks was balanced by a stronger dollar.

  • *U.S. crude for September delivery climbed 8 cents to $48.87 a barrel as of 0008 GMT, after ending the previous session up 81 cents, or 1.7 percent. U.S. crude oil stocks fell by 4.2 million barrels to 459.68 million in the week to July 24, more than twenty times analysts' expectations for a decrease of 184,000, data from the Energy Information Administration showed on...

  • Earlier this week, U.S. crude prices hit four-month lows and Brent, the more important global benchmark, neared a six-month trough as a global oil glut, resurgent dollar and stock market tumble in top energy consumer China took a toll. "I see a rebound of about five bucks off the recent lows in the most likely scenario," said Chris Jarvis at Caprock Risk Management, an...

  • Commodities tomorrow: Can crude's pop continue? Wednesday, 29 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Can crude's pop continue?

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

  • *Crude futures rise $1 before ending off highs on strong dollar. NEW YORK, July 29- Oil settled higher on Wednesday, recovering from multi-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for energy. Crude futures lost more than $10 a barrel over the...

  • An oil slick down Wednesday, 29 Jul 2015 | 2:35 PM ET
    An oil slick down

    CNBC's Jackie DeAngelis reports oil prices settled higher after a bullish inventory report.

  • Downside risk to $1050 gold target: Goldman's Currie Wednesday, 29 Jul 2015 | 12:39 PM ET
    Downside risk to $1050 gold target: Goldman's Currie

    Jeff Currie, Goldman Sachs global head of commodities research, discusses high yield in the energy sector.

  • $45 WTI oil prediction: Goldman's Currie Wednesday, 29 Jul 2015 | 12:30 PM ET
    $45 WTI oil prediction: Goldman's Currie

    Jeff Currie, Goldman Sachs global head of commodities research, gives an oil outlook and gives perspective to Goldmans' cautious outlook on oil.

  • Goldman Sachs' 3Ds of macro Wednesday, 29 Jul 2015 | 12:30 PM ET
    Goldman Sachs' 3Ds of macro

    Jeff Currie, Goldman Sachs global head of commodities research, gives an oil outlook and gives perspective to Goldman's cautious outlook on oil.

  • *Crude futures rise over $1 a barrel before consolidating. NEW YORK, July 29- Oil prices jumped about 2 percent on Wednesday, springing from near six-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for energy. Crude futures have lost over $10 a barrel...

  • WILLISTON, N.D., July 29- U.S. oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting. Shale oil firms need the experiments to payoff now more so than before given that oil prices have resumed their...

  • NEW YORK, July 29- U.S. crude oil inventories declined far more than expected last week, while gasoline stocks decreased amid robust demand for the motor fuel, data from the Energy Information Administration showed on Wednesday. U.S. crude was up $1.02 at $49 a barrel at 11:13 a.m. EDT, well above its session low of $47.39. Brent crude was up 58 cents at $53.88, having...