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Energy Commodities Oil

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  • *Oil prices to stay below $70 a barrel in 2015/ 16- NAB. SINGAPORE, July 27- Oil prices fell on Monday after closing the previous session at their lowest levels since March on renewed oversupply concerns from the United States and Iraq, although a weaker dollar helped to limit deeper losses. "The markets are looking for price guidance from Janet& Co," said Ben Le Brun,...

  • SINGAPORE, July 27- Oil prices fell on Monday after closing the previous session at their lowest levels since March on renewed oversupply concerns from the United States and Iraq, although a weaker dollar helped to limit deeper losses. "The markets are looking for price guidance from Janet& Co," said Ben Le Brun, market analyst at Sydney's OptionsXpress, referring...

  • Cautious on US energy sector: Analyst Sunday, 26 Jul 2015 | 11:34 PM ET
    Cautious on US energy sector: Analyst

    Randy Ollenberger, senior oil analyst & managing director of BMO Capital Markets, outlines his expectations for the earnings of energy heavyweights in the U.S.

  • An oil-drilling rig operates on Sept. 26, 2014 near Walle, Germany.

    The world's big energy groups have shelved $200 billion of spending on new projects in a round of cost-cutting aimed at protecting investors. The Financial Times reports.

  • Oil hits 4-month low on China stock market dive Monday, 27 Jul 2015 | 4:40 PM ET
    The oil storage depot at Indonesian oil company Pertamina in Jakarta

    Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets sparked concern about its economic health.

  • U.S. crude for September delivery was down 14 cents at $48 as of 0024 GMT, after closing the previous session down 31 cents at $48.14, its lowest settlement since March 31 and down 5.5 percent on the week. Brent crude futures for September delivery fell 4 cent to $54.58 after ending the previous session 65 cents down, the lowest close since March 19 and a drop of 4.3...

  • Can oil prices rise to $70? It's possible: Pro Sunday, 26 Jul 2015 | 6:19 PM ET
    Can oil prices rise to $70? It's possible: Pro

    Johannes Benigni, founder & managing director of JBC Energy, says it's possible for oil prices to touch $70 a barrel by year-end, but warns that markets remain in bearish territory for now.

  • Here's what's dragging on markets, experts say Friday, 24 Jul 2015 | 5:36 PM ET
    David Darst

    David Darst outlined the factors that led to major U.S. stock averages falling more than 2 percent this week.

  • The week ahead: Windows 10 on the way Friday, 24 Jul 2015 | 4:02 PM ET
    The week ahead: Windows 10 on the way

    CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories.

  • *Drillers add 21 oil rigs in U.S. this week- Baker Hughes. NEW YORK, July 24- Brent and U.S. crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure. U.S. energy firms added 21 oil rigs this week after pulling seven rigs last week, oil...

  • Best bets in health care Friday, 24 Jul 2015 | 1:45 PM ET
    Best bets in health care

    Insight on Anthem's plans to buy Cigna and how to play the health care space overall, with Sarah James, Wedbush Securities.

  • Oil: 3 things to focus on next week Friday, 24 Jul 2015 | 1:30 PM ET
    Oil: 3 things to focus on next week

    CNBC's Jackie DeAngelis tracks oil's action into the close.

  • NEW YORK, July 24- Brent and U.S. crude futures extended losses to session lows on Friday after Baker Hughes Inc data showed companies added 21 oil rigs in the United States this week. Brent crude was down 80 cents at $54.47 a barrel at 1:18 p.m. EDT, after falling to $54.30. U.S. crude was down 52 cents at $47.93, having dropped to $47.72 after the rig-count report was...

  • BRENT CRUDE FUTURES EXTEND LOSSES TO SESSION LOW AFTER DATA SHOWS U.S.

  • CRUDE FUTURES EXTENDS LOSSES TO SESSION LOW AFTER DATA SHOWS U.S.

  • US oil rig counts very bearish Friday, 24 Jul 2015 | 1:06 PM ET
    US oil rig counts very bearish

    CNBC's Jackie DeAngelis reports on the latest oil rig count data.

  • July 24- Encana Corp, Canada's No.1 natural gas producer, said it had laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices. Encana's shares fell 10 percent to a 13- year low of C $10.10 after the company reported a bigger-than-expected quarterly loss due to weak production.

  • NEW YORK, July 24- Brent futures fell and U.S. crude turned lower on Friday as both contracts headed for their fourth straight weekly declines as weak economic data from China added pressure on oil prices. U.S. crude losses follow Thursday's fall into bear market territory, with it $48.45 a barrel settlement off 21 percent from the June 10 close at $61.43.

  • Saudi Arabia oil production to remain flat: Pro Friday, 24 Jul 2015 | 10:23 AM ET
    Saudi Arabia oil production to remain flat: Pro

    Will global oversupply continue to weigh down the oil markets? Darren Horowitz, Raymond James energy analyst, discusses oil production and why he is bearish.

  • LONDON, July 24- Oil prices hovered near four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. "Concerns around the demand environment were heightened further today by the PMI read out of China," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.