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  • CRUDE FUTURES CLOSE UP 45 PERCENT FOR THE YEAR; THE BIGGEST ANNUAL GAIN SINCE 2009.

  • A customer prepares to pump gasoline at an Arco gas station in Mill Valley, Calif.

    After a year of relatively cheap driving, gasoline prices are creeping higher and consumers could even see a price spike by mid-2017.

  • Can OPEC stick to its guns in 2017

    Helima Croft, Managing Director, Global Head of Commodity Strategy, RBC Capital Markets, discusses whether OPEC will be able to hold to their agreement, although the Russia sanctions could present a problem.

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil traded slightly lower on Friday, but was still on track for its biggest annual gain since 2009, after OPEC and other major producers agreed to cut output to reduce a global supply overhang that has depressed prices for two years. Or 0.3 percent, at $53.59 a barrel by 1:09 p.m. EST, while Brent...

  • Drillers added two oil rigs in the week to Dec. 30, bringing the total count up to 525, the most since December 2015 and 11 shy of the 536 rigs seen at the end of 2015, energy services firm Baker Hughes Inc said on Friday. RIG-OL-USA- BHI> Since crude prices recovered from 13- year lows in February to around $50 a barrel in May, drillers have added a total of 209 oil rigs in 28...

  • 15th International Energy Forum (IEF15) informal meeting of the Organization of Petroleum Exporting Countries (OPEC) in the nation palaces bread club.

    Oil market analysts say chances are slim OPEC will achieve 100 percent compliance with production cuts scheduled to begin next week.

  • Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil prices were down on Friday, but were still on track for their biggest annual gain since 2009 after OPEC and other major producers agreed to cut output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale...

  • Oil on track for highest annual gains since 2009

    CNBC's Jackie DeAngelis takes a look at the moves in the energy markets.

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. LONDON, Dec 30- Oil prices were on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale...

  • Oil pump oil rig energy industrial machine for petroleum.

    The OPEC and non-OPEC landmark deal to cut production by 1.8 million barrels a day in 2017 enters into force this Sunday.

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. LONDON, Dec 30- Oil prices are on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale oil...

  • 2017 Playbook: Commodities

    CNBC's Jackie DeAngelis takes a look at commodities going into next year including gold, oil and copper.

  • *Oman to cut crude term volumes by 5 pct in March. Singapore, Dec 30- Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non- OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate crude futures were up 23 cents to $54.00 at 0746 GMT.

  • Crude oil output cuts announced by OPEC, stronger-than-expected demand in top commodities market China and expectations of higher infrastructure spending in the United States after the victory of Republican candidate Donald Trump all boosted prices. Looking forward, oil prices should gradually rise towards $60 a barrel by end-2017, a Reuters survey...

  • *Oman to cut crude term volumes by 5 pct in March. Singapore, Dec 30- Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non- OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate crude futures were up 15 cents or 0.3 percent at $53.92 at 0408 GMT.

  • *Oil prices to face $60/ bbl price cap in 2017- Reuters Poll. Singapore, Dec 30- Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration report late on Thursday indicating an unexpected rise in crude stocks. U.S. benchmark West Texas intermediate crude...

  • This comes on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output.

  • *Oil prices to face $60/ bbl price cap in 2017- Reuters Poll. Singapore, Dec 30- U.S. oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of crude oil inventory builds, with a U.S. Energy Information Administration report late on Thursday indicating an unexpected rise in crude stocks. U.S. benchmark West Texas intermediate crude...

  • A man pumps gas into his car at a Chevron gas station in Albuquerque, New Mexico.

    The U.S. last week exported a record 8 million barrels of gasoline and nearly 10 million barrels of distillates, or diesel, according to weekly government data.

  • A pedestrian carries an umbrella while walking along Wall Street past the New York Stock Exchange in New York.

    These are the stocks posting the largest moves after the bell on Thursday, including: Mylan, Lockheed Martin and more.