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  • The power surge

    The "FMHR" traders discuss whether the energy sector and energy commodity prices will send stocks higher in the second half of the year.

  • *Prices up earlier on Nigeria attacks, China. NEW YORK, June 8- Crude futures rose for a third consecutive day on Wednesday, hitting 2016 highs above $50 a barrel on supply outages led by the sabotage of oil facilities in Nigeria, before paring gains as glut concerns resurfaced after U.S. data showed a surprise build in gasoline supplies. This indicates a sentiment...

  • *Oil production up 3.2 pct due to shale, Iraq and Saudi. But in 2015, when Brent oil prices fell by nearly 50 percent to $52 a barrel, reserves declined by only 0.1 percent to 1,698 billion barrels, according to the BP Statistical Review of World Energy, first published 65 years ago and considered an industry handbook. Investment in oil and gas fell in 2015 by around a...

  • NEW YORK, June 8- U.S. crude oil inventories fell for the third consecutive week, declining more than expected, while gasoline and distillate stockpiles posted a surprise build as refiners ramped up output, the Energy Information Administration said on Wednesday. "Lower imports as expected in conjunction with a 1.1 percentage point increase in refinery...

  • OIL PRICES PARE GAINS SHARPLY AFTER EIA DATA SHOWS LARGE U.S.

  • Crude oil inventories down 3.2 million barrels

    CNBC's Jackie DeAngelis reports crude oil, gasoline and natural gas inventories.

  • Dow nears 18,000 mark

    Courtney Reagan is on the floor at the NYSE with what’s moving markets this morning.

  • *Militants in Nigeria say attacked Chevron oil well. NEW YORK, June 8- Oil prices rallied for a third straight session on Wednesday to new 2016 highs above $50 a barrel on relentless sabotage of oil supplies in Nigeria and ahead of U.S. crude inventory data likely to show draws. Brent crude futures rose $1 to $52.44 a barrel by 9:45 a.m. EDT, after reaching $52.47,...

  • *Oil prices stay above $50/ bbl. Oil held above $50 for the second consecutive day on supply disruptions in Nigeria, a drop in U.S. crude inventories and strong demand in China. A few concurrent bullish events such as demand for commodities and the S&P and Dow breaching key resistance areas will likely keep the markets hovering close to record highs, said Adam Sarhan,...

  • BRENT CRUDE EXTENDS GAINS, UP $1 OR ABOUT 2 PERCENT AT $52.44 A BARREL.

  • *Oil production up 3.2 pct due to shale, Iraq and Saudi. But in 2015, when Brent oil prices fell by nearly 50 percent to $52 a barrel, reserves declined by only 0.1 percent to 1,698 billion barrels, according to the BP Statistical Review of World Energy, first published in 1951 and considered an industry handbook. Oil production last year rose by 3.2 percent to 91.67...

  • *Oil prices above $50 for second straight day. Oil held above $50 for the second consecutive day on supply disruptions in Nigeria, a drop in U.S. crude inventories and strong demand in China. A few concurrent bullish events such as demand for commodities and the S&P and Dow breaching key resistance areas will likely keep the markets hovering close to record highs,...

  • Rosneft oil company CEO Igor Sechin attends a meeting of the Commission for the Strategic Development of the Fuel and Energy Sector October 27, 2015 at the Kremlin in Moscow, Russia.

    Rosneft's profit drop raises questions over how much money the government can glean from its crude producers as commodity prices continue to lag.

  • LONDON, June 8- Oil prices jumped to the highest level in eight months on Wednesday, rising for the third consecutive session, buoyed by ongoing supply disruptions in Nigeria and strong Chinese oil demand data. Global benchmark Brent crude futures rose to the highest level since Oct. 12, up 32 cents at $51.76 a barrel at 0835 GMT. U.S. crude futures climbed 20 cents to...

  • TOKYO, June 8- Oil prices rose for a third day to hit their highest in about eight months on Wednesday, boosted by industry data showing a larger-than-expected drawdown in U.S. crude inventories, worries about attacks on Nigeria's oil industry and strong Chinese demand for oil. London Brent crude for August delivery was up 2 cents at $51.46 a barrel by 0652 GMT,...

  • TOKYO, June 8- Oil prices rose for a third day to their highest in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in U.S. crude inventories, worries about attacks on Nigeria's oil industry and strong Chinese demand. London Brent crude for August delivery was up 9 cents at $51.53 a barrel by 0451 GMT, after settling...

  • Oil Markets

    Point View Wealth Management's David Dietze highlights that there are both demand and supply-related factors that will drive oil prices higher.

  • Oil

    Falling shale production and firming tanker rates are signs of the oil market's fundamentals starting to balance out, says Manulife AM's Geoff Lewis.

  • An oil and gas well site outside Williston, N.D.

    U.S. oil rose for a third straight day, closing at new 2016 highs on supply outages.

  • *Market awaits China trade data on Weds. TOKYO, June 8- Oil prices stood steady near their highest level in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in U.S. crude inventories and by worries about attacks on Nigeria's oil industry. NYMEX crude for July delivery was up 4 cents at $50.40 a barrel, after closing up...